China Tonic Water Market Size 2023 Report

1. China Tonic Water Market Size 2023 Tonic water is a carbonated beverage made with water, sugar and quinine. It is used as a mixer with spirits, particularly gin, and is commonly consumed as a soft drink. In China, the tonic water market size has grown significantly in recent years, driven by the increasing demand for premium and health-oriented beverages. Market Size

2. The tonic water market size in China was estimated at US$2.7 billion in 2019. The market is expected to grow at a CAGR of 6.4% over the forecast period (2020-2025). This growth rate is attributed to the rising disposable income of the Chinese middle class and their increasing preference for health-oriented beverages. Furthermore, the growing demand for premium spirits and cocktails is expected to drive the market growth. Market Segmentation The tonic water market in China is segmented on the basis of product type, distribution channel, and region. On the basis of product type, the market is divided into flavored tonic water, unflavored tonic water, and low-calorie tonic water. Unflavored tonic water accounted for the largest share of the market in 2019 Regional Analysis The tonic water market in China is divided into four major regions, namely, the eastern region, the central region, the western region, and the northern region. The eastern region held the largest share of the market in 2019, followed by the central region. The eastern region is expected to witness the highest growth rate over the forecast period, owing to the presence of major tonic water manufacturers and distribution centers in the region. Conclusion The tonic water market in China Tonic Water Market Size at a rapid pace, driven by the increasing demand for premium and health- oriented beverages. The market is further expected to be driven by the rising disposable income of the Chinese middle class and the growing demand for premium spirits and cocktails.