South & Central America Tonic Water Market Forecast to 2031 - Regional Analysis - by Type (Plain and Flavored), Category (Low/No Sugar and Regular), and End User (On-Trade and Off-Trade)

February 2025 | 66 pages | ID: S627DC16FF54EN
The Insight Partners

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The South & Central America tonic water market was valued at US$ 72.47 million in 2023 and is expected to reach US$ 123.17 million by 2031; it is estimated to register a CAGR of 6.9% from 2023 to 2031.

Proliferation of E-Commerce Fuels South & Central America Tonic Water Market

With the increasing popularity of online shopping, particularly in the food & beverages sector, tonic water brands can leverage e-commerce platforms to expand their market presence and reach an extended consumer base. By establishing an online presence, these brands can directly connect with consumers, offering seamless shopping experience and convenient delivery options, which is especially appealing to busy urban residents. The launch of a dedicated online platform specifically offering alcoholic beverages and mixers creates growth opportunities for the tonic water market players. Such platforms provide a curated selection of premium tonic water brands, offering consumers a one-stop shop for their cocktail needs. In addition, the digital landscape allows tonic water brands to showcase their extensive product range, share cocktail recipes, and engage with consumers through interactive content and personalized recommendations. By harnessing the power of digital marketing and analytics, brands can target niche consumer segments and tailor their messaging to resonate with different preferences and occasions, driving awareness and loyalty.

South & Central America Tonic Water Market Overview

The rising population and continuous improvement in beverage industry have positively affected the growth of the economies of Brazil, Argentina, and Chile. A shift in consumer lifestyles and an increase in consumption of alcoholic beverages are the major factors boosting the growth of the tonic water market in South & Central America.

Tonic water is often used as a mixer in cocktails, and the trend toward premium and craft cocktails has boosted the demand for high-quality tonic water. As more people move to urban areas, they are exposed to a broader range of food and beverages, which has led to an increased demand for alcoholic beverages such as gin, vodka, and whiskey. The rise in alcohol consumption has augmented the demand for tonic water.

Flavored tonic water is experiencing strong demand in South & Central America due to the availability of a wide range of products across retail shelves as well as pubs, bars, and restaurants. Different flavors, such as elderflower, cucumber, and citrus, offer a distinctive taste and a refreshing alternative to traditional sodas or soft drinks, providing a perfect balance as mixers for gin or spirits. Brands are enhancing premiumization by offering high-quality products with unique flavors. These factors help the tonic water market grow during the forecast period.

The increasing awareness of health and wellness has led to a preference for low-calorie, low-sugar spirit mixers. Promoting the natural and low-calorie attributes, tonic water can be targeted toward calorie-conscious consumers. Moreover, the rise in e-commerce presents an opportunity for tonic water companies to reach the target consumers and offer convenient purchasing options.

South & Central America Tonic Water Market Revenue and Forecast to 2031 (US$ Million)

South & Central America Tonic Water Market Segmentation

The South & Central America tonic water market is categorized into by type, category, end user, and country.

Based on type, the South & Central America tonic water market is bifurcated into plain and flavored. The flavored segment held a larger market share in 2023.

In terms of category, the South & Central America tonic water market is bifurcated into low/no sugar and regular. The regular segment held a larger market share in 2023.

By end user, the South & Central America tonic water market is bifurcated into on-trade and off-trade. The off-trade segment held a larger market share in 2023.

Based on country, the South & Central America tonic water market is segmented into Brazil, Argentina, Chile, and the Rest of South & Central America. Brazil dominated the South & Central America tonic water market share in 2023.

The Coca-Cola Co, Fever-Tree Drinks Plc, Thomas Henry GmbH, East Imperial Beverage Corp, and Britvic Plc. are some of the leading companies operating in the South & Central America tonic water market.
1. INTRODUCTION

1.1 The Insight Partners Research Report Guidance
1.2 Market Segmentation

2. EXECUTIVE SUMMARY

2.1 Key Market Insights
2.2 Market Attractiveness

3. RESEARCH METHODOLOGY

3.1 Secondary Research
3.2 Primary Research
  3.2.1 Hypothesis formulation:
  3.2.2 Macro-economic factor analysis:
  3.2.3 Developing base number:
  3.2.4 Data Triangulation:
  3.2.5 Country level data:

4. SOUTH & CENTRAL AMERICA TONIC WATER MARKET LANDSCAPE

4.1 Market Overview
4.2 Porter's Five Forces Analysis
  4.2.1 Bargaining Power of Suppliers
  4.2.2 Bargaining Power of Buyers
  4.2.3 Threat of New Entrants
  4.2.4 Competitive Rivalry
  4.2.5 Threat of Substitutes
4.3 Ecosystem Analysis
  4.3.1 Raw Material Suppliers
  4.3.2 Manufacturers
  4.3.3 Distributors/Suppliers
  4.3.4 End Users

5. SOUTH & CENTRAL AMERICA TONIC WATER MARKET - KEY MARKET DYNAMICS

5.1 Market Drivers
  5.1.1 Increasing Demand for Gin
  5.1.2 Innovations in Flavors
5.2 Market Restraints
  5.2.1 Availability of Substitutes
5.3 Market Opportunities
  5.3.1 Proliferation of E-Commerce
5.4 Future Trends
  5.4.1 Preference for Low-Sugar Tonic Water
5.5 Impact of Drivers and Restraints:

6. TONIC WATER MARKET - SOUTH & CENTRAL AMERICA ANALYSIS

6.1 South & Central America Tonic Water Market Overview
6.2 Tonic Water Market Revenue 2021-2031, (US$ Million)
6.3 Tonic Water Market Forecast Analysis

7. SOUTH & CENTRAL AMERICA TONIC WATER MARKET ANALYSIS - BY TYPE

7.1 Plain
  7.1.1 Overview
  7.1.2 Plain: Tonic Water Market - Revenue and Forecast to 2031 (US$ Million)
7.2 Flavored
  7.2.1 Overview
  7.2.2 Flavored: Tonic Water Market - Revenue and Forecast to 2031 (US$ Million)

8. SOUTH & CENTRAL AMERICA TONIC WATER MARKET ANALYSIS - BY CATEGORY

8.1 Low/No Sugar
  8.1.1 Overview
  8.1.2 Low/No Sugar: Tonic Water Market - Revenue and Forecast to 2031 (US$ Million)
8.2 Regular
  8.2.1 Overview
  8.2.2 Regular: Tonic Water Market - Revenue and Forecast to 2031 (US$ Million)

9. SOUTH & CENTRAL AMERICA TONIC WATER MARKET ANALYSIS - BY END USER

9.1 On-Trade
  9.1.1 Overview
  9.1.2 On-Trade: Tonic Water Market - Revenue and Forecast to 2031 (US$ Million)
9.2 Off-Trade
  9.2.1 Overview
  9.2.2 Off-Trade: Tonic Water Market - Revenue and Forecast to 2031 (US$ Million)

10. SOUTH & CENTRAL AMERICA TONIC WATER MARKET - COUNTRY ANALYSIS

10.1 South & Central America
  10.1.1 South & Central America: Tonic Water Market Breakdown, by Key Country, 2023 and 2031 (%)
    10.1.1.1 South & Central America: Tonic Water Market - Revenue and Forecast Analysis - by Country
    10.1.1.2 Brazil: Tonic Water Market - Revenue and Forecast to 2031 (US$ Million)
      10.1.1.2.1 Brazil: Tonic Water Market Breakdown, by Type
      10.1.1.2.2 Brazil: Tonic Water Market Breakdown, by Category
      10.1.1.2.3 Brazil: Tonic Water Market Breakdown, by End User
    10.1.1.3 Argentina: Tonic Water Market - Revenue and Forecast to 2031 (US$ Million)
      10.1.1.3.1 Argentina: Tonic Water Market Breakdown, by Type
      10.1.1.3.2 Argentina: Tonic Water Market Breakdown, by Category
      10.1.1.3.3 Argentina: Tonic Water Market Breakdown, by End User
    10.1.1.4 Chile: Tonic Water Market - Revenue and Forecast to 2031 (US$ Million)
      10.1.1.4.1 Chile: Tonic Water Market Breakdown, by Type
      10.1.1.4.2 Chile: Tonic Water Market Breakdown, by Category
      10.1.1.4.3 Chile: Tonic Water Market Breakdown, by End User
    10.1.1.5 Rest of South & Central America: Tonic Water Market - Revenue and Forecast to 2031 (US$ Million)
      10.1.1.5.1 Rest of South & Central America: Tonic Water Market Breakdown, by Type
      10.1.1.5.2 Rest of South & Central America: Tonic Water Market Breakdown, by Category
      10.1.1.5.3 Rest of South & Central America: Tonic Water Market Breakdown, by End User

11. COMPETITIVE LANDSCAPE

11.1 Heat Map Analysis
11.2 Company Positioning and Concentration

12. TONIC WATER MARKET INDUSTRY LANDSCAPE

12.1 Overview
12.2 Mergers and Acquisitions
12.3 Agreements, Collaborations, and Joint Ventures
12.4 New Product Launches
12.5 Expansions and Other Strategic Developments

13. COMPANY PROFILES

13.1 The Coca-Cola Co
  13.1.1 Key Facts
  13.1.2 Business Description
  13.1.3 Products and Services
  13.1.4 Financial Overview
  13.1.5 SWOT Analysis
  13.1.6 Key Developments
13.2 Fevertree Drinks Plc
  13.2.1 Key Facts
  13.2.2 Business Description
  13.2.3 Products and Services
  13.2.4 Financial Overview
  13.2.5 SWOT Analysis
  13.2.6 Key Developments
13.3 Thomas Henry GmbH
  13.3.1 Key Facts
  13.3.2 Business Description
  13.3.3 Products and Services
  13.3.4 Financial Overview
  13.3.5 SWOT Analysis
  13.3.6 Key Developments
13.4 East Imperial Beverage Corp
  13.4.1 Key Facts
  13.4.2 Business Description
  13.4.3 Products and Services
  13.4.4 Financial Overview
  13.4.5 SWOT Analysis
  13.4.6 Key Developments
13.5 Britvic Plc
  13.5.1 Key Facts
  13.5.2 Business Description
  13.5.3 Products and Services
  13.5.4 Financial Overview
  13.5.5 SWOT Analysis
  13.5.6 Key Developments

14. APPENDIX

14.1 About The Insight Partners
LIST OF TABLES

Table 1. South & Central America Tonic Water Market Segmentation
Table 2. Tonic Water Market - Revenue and Forecast to 2031 (US$ Million)
Table 3. Tonic Water Market - Revenue and Forecast to 2031 (US$ Million) - by Type
Table 4. Tonic Water Market - Revenue and Forecast to 2031 (US$ Million) - by Category
Table 5. Tonic Water Market - Revenue and Forecast to 2031 (US$ Million) - by End User
Table 6. South & Central America: Tonic Water Market - Revenue and Forecast to 2031 (US$ Million) - by Country
Table 7. Brazil: Tonic Water Market - Revenue and Forecast to 2031 (US$ Million) - by Type
Table 8. Brazil: Tonic Water Market - Revenue and Forecast to 2031 (US$ Million) - by Category
Table 9. Brazil: Tonic Water Market - Revenue and Forecast to 2031 (US$ Million) - by End User
Table 10. Argentina: Tonic Water Market - Revenue and Forecast to 2031 (US$ Million) - by Type
Table 11. Argentina: Tonic Water Market - Revenue and Forecast to 2031 (US$ Million) - by Category
Table 12. Argentina: Tonic Water Market - Revenue and Forecast to 2031 (US$ Million) - by End User
Table 13. Chile: Tonic Water Market - Revenue and Forecast to 2031 (US$ Million) - by Type
Table 14. Chile: Tonic Water Market - Revenue and Forecast to 2031 (US$ Million) - by Category
Table 15. Chile: Tonic Water Market - Revenue and Forecast to 2031 (US$ Million) - by End User
Table 16. Rest of South & Central America: Tonic Water Market - Revenue and Forecast to 2031 (US$ Million) - by Type
Table 17. Rest of South & Central America: Tonic Water Market - Revenue and Forecast to 2031 (US$ Million) - by Category
Table 18. Rest of South & Central America: Tonic Water Market - Revenue and Forecast to 2031 (US$ Million) - by End User
Table 19. Heat Map Analysis

LIST OF FIGURES

Figure 1. South & Central America Tonic Water Market Segmentation, by Country
Figure 2. Porter's Five Forces Analysis
Figure 3. Ecosystem: Tonic Water Market
Figure 4. Tonic Water Market - Key Market Dynamics
Figure 5. Impact Analysis of Drivers and Restraints
Figure 6. Tonic Water Market Revenue 2021-2031, (US$ Million)
Figure 7. Tonic Water Market Share (%) - by Type (2023 and 2031)
Figure 8. Plain: Tonic Water Market - Revenue and Forecast to 2031 (US$ Million)
Figure 9. Flavored: Tonic Water Market - Revenue and Forecast to 2031 (US$ Million)
Figure 10. Tonic Water Market Share (%) - by Category (2023 and 2031)
Figure 11. Low/No Sugar: Tonic Water Market - Revenue and Forecast to 2031 (US$ Million)
Figure 12. Regular: Tonic Water Market - Revenue and Forecast to 2031 (US$ Million)
Figure 13. Tonic Water Market Share (%) - by End User (2023 and 2031)
Figure 14. On-Trade: Tonic Water Market - Revenue and Forecast to 2031 (US$ Million)
Figure 15. Off-Trade: Tonic Water Market - Revenue and Forecast to 2031 (US$ Million)
Figure 16. South & Central America Tonic Water Market, by Key Countries - Revenue (2023) (US$ Million)
Figure 17. South & Central America: Tonic Water Market Breakdown, by Key Countries, 2023 and 2031 (%)
Figure 18. Brazil: Tonic Water Market - Revenue and Forecast to 2031 (US$ Million)
Figure 19. Argentina: Tonic Water Market - Revenue and Forecast to 2031 (US$ Million)
Figure 20. Chile: Tonic Water Market - Revenue and Forecast to 2031 (US$ Million)
Figure 21. Rest of South & Central America: Tonic Water Market - Revenue and Forecast to 2031 (US$ Million)
Figure 22. Company Positioning and Concentration


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