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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Soda
Water Dispenser Market Report Highlights
- 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, 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, the company offers market intelligence studies ensuring relevant and fact-based research across a range of industries including technology, chemicals, materials, healthcare and energy.
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