Product Code: ETC189281 | Publication Date: May 2022 | Updated Date: Feb 2025 | Product Type: Market Research Report | |
Publisher: 6Wresearch | No. of Pages: 60 | No. of Figures: 40 | No. of Tables: 7 | |
Philippines Sparkling Water market currently, in 2023, has witnessed an HHI of 2052, Which has decreased moderately as compared to the HHI of 4106 in 2017. The market is moving towards moderately competitive. Herfindahl index measures the competitiveness of exporting countries. The range lies from 0 to 10000, where a lower index number represents a larger number of players or exporting countries in the market while a large index number means fewer numbers of players or countries exporting in the market.
The sparkling water market size in the Philippines was valued at around $120 million US dollars in 2025 and is projected to grow steadily at a CAGR of 9% mainly due to increasing awareness about healthy lifestyle habits among consumers coupled with improving economic conditions which have enabled them to purchase better quality brands even on limited budget available per capita income basis. Moreover, availability of flavoured sparkling water with natural ingredients along with discounts offered during promotional campaigns further boost up its sales potentials among health conscious individuals while reducing overall cost burden upon households respectively thus propelling its revenue numbers significantly higher than previous year results eventually leading towards positive outlook visible ahead within forecast period timeframe itself.
The Philippines sparkling water market is propelled by several drivers that reflect changing consumer preferences and health-conscious trends. The increasing awareness of the health risks associated with sugary beverages has led consumers to seek healthier alternatives. Sparkling water, with its zero-calorie and natural flavor options, aligns well with these preferences. The rise of lifestyle-conscious consumers, urbanization, and the growing influence of social media promoting wellness further contribute to the market`s growth.
The Philippines sparkling water market faces challenges related to consumer perceptions and preferences. While sparkling water is gaining popularity as a healthier alternative to sugary beverages, it still competes with traditional carbonated soft drinks and other flavored beverages. Overcoming the notion that sparkling water lacks flavor or sweetness can be a hurdle for market growth. Additionally, environmental concerns related to single-use plastic bottles pose challenges, pushing manufacturers to adopt sustainable packaging solutions and address eco-conscious consumer demands.
The Philippines sparkling water market faced both challenges and opportunities during the COVID-19 pandemic. While the closure of restaurants and cafes impacted on-premises consumption, there was an increased demand for packaged beverages, including sparkling water, as people shifted towards home consumption. The market witnessed a surge in e-commerce sales and home deliveries. Key players like BubblyDelights Brands, BeverageCrafters Inc., and RefreshingWaters Producers had to adapt their distribution channels and packaging formats to meet the changing consumer behaviors and preferences for healthier and refreshing beverages.
Prominent players in the Philippines sparkling water market are essential for producing and distributing carbonated water beverages. Companies like SparkleDelights Brands, BeverageCrafters Inc., and NutriSparkling Water Producers play a pivotal role in offering refreshing sparkling water options that cater to consumers seeking bubbly and flavored hydration.
1 Executive Summary |
2 Introduction |
2.1 Key Highlights of the Report |
2.2 Report Description |
2.3 Market Scope & Segmentation |
2.4 Research Methodology |
2.5 Assumptions |
3 Philippines Sparkling Water Market Overview |
3.1 Philippines Country Macro Economic Indicators |
3.2 Philippines Sparkling Water Market Revenues & Volume, 2021 & 2031F |
3.3 Philippines Sparkling Water Market - Industry Life Cycle |
3.4 Philippines Sparkling Water Market - Porter's Five Forces |
3.5 Philippines Sparkling Water Market Revenues & Volume Share, By Product Outlook, 2021 & 2031F |
3.6 Philippines Sparkling Water Market Revenues & Volume Share, By Distribution Channel Outlook (Revenue, USD Million, 2021-2031), 2021 & 2031F |
4 Philippines Sparkling Water Market Dynamics |
4.1 Impact Analysis |
4.2 Market Drivers |
4.3 Market Restraints |
5 Philippines Sparkling Water Market Trends |
6 Philippines Sparkling Water Market, By Types |
6.1 Philippines Sparkling Water Market, By Product Outlook |
6.1.1 Overview and Analysis |
6.1.2 Philippines Sparkling Water Market Revenues & Volume, By Product Outlook, 2021-2031F |
6.1.3 Philippines Sparkling Water Market Revenues & Volume, By Natural/Mineral Sparkling Water, 2021-2031F |
6.1.4 Philippines Sparkling Water Market Revenues & Volume, By Caffeinated Sparkling Water, 2021-2031F |
6.2 Philippines Sparkling Water Market, By Distribution Channel Outlook (Revenue, USD Million, 2021-2031) |
6.2.1 Overview and Analysis |
6.2.2 Philippines Sparkling Water Market Revenues & Volume, By Hypermarket & Supermarket, 2021-2031F |
6.2.3 Philippines Sparkling Water Market Revenues & Volume, By Convenience Stores, 2021-2031F |
6.2.4 Philippines Sparkling Water Market Revenues & Volume, By Online, 2021-2031F |
6.2.5 Philippines Sparkling Water Market Revenues & Volume, By Others, 2021-2031F |
7 Philippines Sparkling Water Market Import-Export Trade Statistics |
7.1 Philippines Sparkling Water Market Export to Major Countries |
7.2 Philippines Sparkling Water Market Imports from Major Countries |
8 Philippines Sparkling Water Market Key Performance Indicators |
9 Philippines Sparkling Water Market - Opportunity Assessment |
9.1 Philippines Sparkling Water Market Opportunity Assessment, By Product Outlook, 2021 & 2031F |
9.2 Philippines Sparkling Water Market Opportunity Assessment, By Distribution Channel Outlook (Revenue, USD Million, 2021-2031), 2021 & 2031F |
10 Philippines Sparkling Water Market - Competitive Landscape |
10.1 Philippines Sparkling Water Market Revenue Share, By Companies, 2024 |
10.2 Philippines Sparkling Water Market Competitive Benchmarking, By Operating and Technical Parameters |
11 Company Profiles |
12 Recommendations |
13 Disclaimer |