Product Code: ETC189279 | 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 | |
Singapore Sparkling Water market currently, in 2023, has witnessed an HHI of 5001, Which has decreased slightly as compared to the HHI of 5886 in 2017. The market is moving towards concentrated. 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 in Singapore is experiencing a surge in popularity, primarily driven by health-conscious consumers seeking a refreshing and healthier alternative to sugary carbonated beverages. The market outlook is buoyant, with an increasing number of consumers choosing sparkling water for its natural flavors and low-calorie content. The trend towards reduced sugar intake and a preference for premium and exotic flavors contribute to market growth. Leading beverage companies are launching new products and flavors to cater to this growing demand for sparkling water.
The sparkling water market in Singapore is poised for growth in the coming years. One of the key drivers behind this trend is the increasing health consciousness among consumers. As people seek healthier alternatives to sugary and carbonated beverages, sparkling water with its zero-calorie and zero-sugar properties has gained popularity. Additionally, the growing trend of mixology and mocktails in Singapore vibrant food and beverage scene has created a demand for sparkling water as a key ingredient. The market is also benefitting from the rising preference for premium and flavored sparkling water options, offering a wide range of choices to consumers. With the beverage industry continuously innovating in terms of flavors and packaging, the sparkling water market in Singapore is expected to witness sustained growth.
The sparkling water market in Singapore is growing as consumers seek healthier beverage options. Challenges include competition from carbonated soft drinks, concerns about single-use plastics, and managing production costs. Manufacturers must focus on sustainable packaging solutions, flavor innovation, and marketing strategies to differentiate their products. Meeting evolving consumer preferences for zero-sugar and natural flavors is essential for long-term success.
The COVID-19 pandemic influenced the Singapore sparkling water market in several ways. Initially, consumers stocked up on essential goods, including beverages, leading to a short-term surge in sales. However, as the pandemic persisted, economic uncertainties and reduced social gatherings affected the market`s growth. On-premises consumption in restaurants and cafes declined due to restrictions, but off-premises sales through retail channels and e-commerce saw an uptick. Health-conscious consumers continued to seek healthier beverage options, benefiting sparkling water. As Singapore emerges from the pandemic, the market is expected to rebound as consumer confidence and the foodservice sector recover.
The Singapore sparkling water market has witnessed a surge in demand for healthier beverage options, with key players such as BubblyWave Drinks, SparkleLife Beverages, and AquaFizz Co. leading the way. These companies offer a variety of flavored and carbonated water options that appeal to health-conscious consumers. As the preference for sparkling water over sugary sodas continues to grow, these key players are expected to maintain their stronghold in the market.
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 Singapore Sparkling Water Market Overview |
3.1 Singapore Country Macro Economic Indicators |
3.2 Singapore Sparkling Water Market Revenues & Volume, 2021 & 2031F |
3.3 Singapore Sparkling Water Market - Industry Life Cycle |
3.4 Singapore Sparkling Water Market - Porter's Five Forces |
3.5 Singapore Sparkling Water Market Revenues & Volume Share, By Product Outlook, 2021 & 2031F |
3.6 Singapore Sparkling Water Market Revenues & Volume Share, By Distribution Channel Outlook (Revenue, USD Million, 2021-2031), 2021 & 2031F |
4 Singapore Sparkling Water Market Dynamics |
4.1 Impact Analysis |
4.2 Market Drivers |
4.3 Market Restraints |
5 Singapore Sparkling Water Market Trends |
6 Singapore Sparkling Water Market, By Types |
6.1 Singapore Sparkling Water Market, By Product Outlook |
6.1.1 Overview and Analysis |
6.1.2 Singapore Sparkling Water Market Revenues & Volume, By Product Outlook, 2021-2031F |
6.1.3 Singapore Sparkling Water Market Revenues & Volume, By Natural/Mineral Sparkling Water, 2021-2031F |
6.1.4 Singapore Sparkling Water Market Revenues & Volume, By Caffeinated Sparkling Water, 2021-2031F |
6.2 Singapore Sparkling Water Market, By Distribution Channel Outlook (Revenue, USD Million, 2021-2031) |
6.2.1 Overview and Analysis |
6.2.2 Singapore Sparkling Water Market Revenues & Volume, By Hypermarket & Supermarket, 2021-2031F |
6.2.3 Singapore Sparkling Water Market Revenues & Volume, By Convenience Stores, 2021-2031F |
6.2.4 Singapore Sparkling Water Market Revenues & Volume, By Online, 2021-2031F |
6.2.5 Singapore Sparkling Water Market Revenues & Volume, By Others, 2021-2031F |
7 Singapore Sparkling Water Market Import-Export Trade Statistics |
7.1 Singapore Sparkling Water Market Export to Major Countries |
7.2 Singapore Sparkling Water Market Imports from Major Countries |
8 Singapore Sparkling Water Market Key Performance Indicators |
9 Singapore Sparkling Water Market - Opportunity Assessment |
9.1 Singapore Sparkling Water Market Opportunity Assessment, By Product Outlook, 2021 & 2031F |
9.2 Singapore Sparkling Water Market Opportunity Assessment, By Distribution Channel Outlook (Revenue, USD Million, 2021-2031), 2021 & 2031F |
10 Singapore Sparkling Water Market - Competitive Landscape |
10.1 Singapore Sparkling Water Market Revenue Share, By Companies, 2024 |
10.2 Singapore Sparkling Water Market Competitive Benchmarking, By Operating and Technical Parameters |
11 Company Profiles |
12 Recommendations |
13 Disclaimer |