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.
The market is driven by increasing number
of fast food restaurants in Asia Pacific, along with rise in sales of cost
effective and plastic free products in the industry. Growing working
population, rise in disposable income of consumers, and increasing preference
for a fresh and active working environment in the commercial industry are
anticipated to boost the product demand. Moreover, growing demand for hygienic
products as well as efficient and dispensing appliances is anticipated to drive
the market.
A large number of manufacturers and
distributors are entering the industry due to growing demand for soda water
dispensers that are convenient and reliable for consumers. The soda dispenser
reduces the cost of packaging and bottling and gives higher profit margins to
its owners, thereby resulting in boosting the sales in the market over the
forecast period.
The soda water dispenser market in Asia
Pacific is anticipated to witness significant growth due to high consumer
demand for hygienic and effective soda dispensing appliances, along with
growing product launches in the market. Moreover, rise in the product sales has
been observed due to the local vendors providing soda drinks through the
machines in Asia Pacific. However, increasing domestic manufacturers in the
segment due to a wide consumer base and demand have driven 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.
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https://www.grandviewresearch.com/industry-analysis/soda-water-dispenser-market
https://www.grandviewresearch.com/industry-analysis/soda-water-dispenser-market
Further key findings from the report suggest:
· In terms of revenue, countertop products
accounted for the largest share of 69.1% in 2018
· Lever dispenser style dominated the global
market with an overall share of 71.3% in 2018
· 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
· The industry is highly competitive in
nature with the main players including The Coca-Cola Company, Pepsico Inc., and
Dr. Pepper, Lancer Corp., and Cornelius, Inc.
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)
·
Countertop
·
Drop-in
Soda Water Dispenser Style Outlook
(Revenue, USD Billion, 2015 - 2025)
·
Push Button
·
Lever
Soda Water Dispenser Regional Outlook (Revenue,
USD Billion, 2015 - 2025)
·
North America
·
Europe
·
Asia Pacific
·
Central & South America
·
Middle East & Africa
About Grand View Research
Grand View Research, Inc. is a
U.S. based market research and consulting company, registered in the State of
California and headquartered in San Francisco. The company provides
syndicated research reports, customized research reports, and consulting
services. To help clients make informed business decisions, we offer market intelligence
studies ensuring relevant and fact-based research across a range of industries,
from technology to chemicals, materials and healthcare.
