The global soda water dispenser market is estimated to reach USD 1.5 billion, by 2025, and is projected to grow at a CAGR of 5.4% from 2019 to 2025, according to a new report by Million Insights. Increasing demand for product is attributed to high spending by the consumers on quick and fast dispensing options especially in hotels and restaurants is contributing to market growth. In addition, growing purchasing power of consumer across the developing countries such as India, and China is also spurring the market growth.
Increasing trend of fast food outlets in Asia Pacific with plastic-free product preference and cost-effectiveness is anticipated to propel the demand for the product. Additionally, high preference of working population towards active and fresh environment is boosting the market growth. Moreover, increasing demand for hygienic and efficient products is also supporting the market growth.
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Due to factors such as reliability and high convenience the demand for the dispenser is increasing since last few years. Manufacturers are focusing on delivering product with aforementioned features. Consumption of this product cut down the bottling and packaging cost required, which in turn is rising the product sales.
Asia Pacific is projected to grow significantly from 2019 to 2025. In addition, growing income levels of middle-class age group along with growing consumer inclination towards cost-effective fresh soda especially in countries such as India, and China is fostering soda water dispenser market growth. Rising number of local manufacturers is also expected to propel the product demand.
Moreover, manufacturers focus on producing innovative, automated and efficient products, which is boosting the demand for the product. Companies also engage in product promotions through marketing campaigns to increase their consumer base. In addition, growing penetration of top manufacturers such as PepsiCo, Dr. Pepper, and Coca-Cola is spurring the growth of product. Increasing demand for fresh soda water drinks is also boosting the market growth.
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Further key findings from the report suggest:
• In 2018, the countertop segment attributed to the highest market share of over 69.0% in the overall market.
• Based on style of dispensing, lever dispenser segment attributed to market share of over 71.3% in 2018.
• North America held the market share of over 42.0%, and the region is expected to maintain it’s leading in the next few years.
• Asia Pacific is projected to grow substantially owing to rising income levels across countries such as China, India, and Japan.
• Major players in the soda water dispenser market are Dr. Pepper, The Coca-Cola Company, and PepsiCo.
Million Insights has segmented the global soda water dispenser market based on product, dispensing style, and region:
Soda Water Dispenser Product Outlook (Revenue, USD Billion, 2015 – 2025)
Soda Water Dispenser Style Outlook (Revenue, USD Billion, 2015 – 2025)
• Push Button
Soda Water Dispenser Regional Outlook (Revenue, USD Billion, 2015 – 2025)
• North America
• Asia Pacific
• Central & South America
• Middle East & Africa
• South Africa
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