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Total Views: 93Word Count: 560See All articles From Author Tonic Water Market Shares, Strategies and Forecast Worldwide upto 2025
by kksingha · February 15, 2019
Global Tonic Water Market: Snapshot
Savvy participants in the global tonic water market are pitching flavored products to customers in order to up demand and sales. To that end Cheap Montravius Adams Jersey , they are pouring money into research and development of innovative products.
Majorly fuelling the global market for tonic water is the rising disposable income of people on account of industrialization and economic growth. Rapid urbanization too plays a role in stoking demand for it has resulted in increasing intake of alcohol to which tonic water is often added. Apart from that the surging popularity of social media and the internet has had a positive influence on the market too.
As study by Transparency Market Research projects the global tonic water market to pull in a revenue of US$2.45 bn by 2025-end by rising at a CAGR of 6.1% from 2017 to 2025. The report estimated the market was worth US$1.52 bn in 2017.
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Application in Alcoholic Drinks Far Surpasses Direct Consumption
The global tonic water market can be segmented based on different parameters. Depending upon application, for example, it can be divided into direct consumption and alcoholic drinks. Of them Cheap Josh Jones Jersey , the segment of alcoholic drinks grosses most of the revenue in the market on account of the increasing alcohol intake worldwide. This, in turn, has resulted from the changing lifestyles leading to increasing social gatherings and parties Cheap Kenny Clark Jersey , and the popularity of social media and internet, and the growing perception that alcoholic drinks relaxes the mind. The tonic water market in alcoholic drink segment is forecasted to clock a higher CAGR of 6.6% between 2017 and 2025 to become worth US$1.87 bn by 2025, while in direct consumption.