According to a report, “Soda Water Dispenser Market Size, Share & Trends Analysis Report By Dispenser Style (Push Button, Lever), By Product (Countertop, Drop-in), By Region, And Segment Forecasts, 2019 – 2025”, published by Grand View Research, Inc. The global soda water dispenser market size is expected to reach USD 1.5 billion by 2025, according to a new report by Grand View Research, Inc., expanding at a CAGR of 5.4% over the forecast period. The growth in the market is attributed to consumer spending on quick and convenient soda dispensing options, along with the rise in demand from the quick service restaurants. Moreover, drastic changes in the purchasing power of consumers in developing countries such as China and India are likely to drive the demand over the forecast period.
Asia Pacific has seen a major rise in the demands for soda water dispensers, especially in the fast-food restaurants. Major reasons behind that are growing working population, rise in disposable income, new product launches and increasing preference for a fresh and active working environment. Moreover, growing demand for hygienic products as well as efficient and dispensing appliances is anticipated to drive the market.
Growing consumer demand for fresh and quick dispensing options for soda drinks in the market, along with increasing focus of leading players on developing the products with automated features and increased efficiency, will fuel its demand in the market. Rise in product launches and marketing campaigns by the companies so as to increase their product offerings in the market is a key driving factor. The market is recognized by a few initiatives such as acquisitions and mergers and online sales. Key players in the market include The Coca-Cola Company; Pepsico Inc.; Dr. Pepper; Lancer Corp.; and Cornelius, Inc.
Soda Water Dispenser Market Report Highlights
Advanced technology and continuous innovations are helping the market demands immensely. For instance, in July 2020, Coca-Cola Freestyle rolled out its latest technology innovation – contactless pouring from a smartphone – as the coronavirus pandemic continued to reshape the foodservice industry and consumer behavior overall.
In June 2020, PepsiCo-owned SodaStream expanded into the out-of-home sector, as the brand unveiled SodaStream Professional – a smart dispenser offering customisable beverages and hydration tracking.
Covid-19 pandemic had a negative impact on the supply chains of several major players and created immense logistical issues. However, as the market started opening up and lockdowns were lifted, those issues were cleared gradually, restoring status quo ante.
In terms of revenue, countertop products accounted for the largest share of 69.1% in 2018
On the basis of dispenser style, Lever dispenser style dominated the global market with an overall share of 71.3% in 2018
On the basis of region, North America dominated the global market in 2018, accounting for 42.1% share of the overall revenue. This trend is projected to continue over the next few years
The soda water dispenser market in Asia Pacific is anticipated to witness growth due to increasing disposable income in India, South Korea, China, and Japan
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Soda Water Dispenser Market Segmentation
Grand View Research has segmented the global soda water dispenser market on the basis of 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)
Soda Water Dispenser Regional Outlook (Revenue, USD Billion, 2015 – 2025)
Central & South America
Middle East & Africa
List of Key Players of Soda Water Dispenser Market
• The Coca-Cola Company
• Pepsico Inc.
• Dr. Pepper
• Lancer Corp.
• Cornelius, Inc.
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