Europe Tonic Water Market Size & Outlook, 2026-2033

The tonic water market in Europe is expected to reach a projected revenue of US$ 1,402.7 million by 2033. A compound annual growth rate of 8.1% is expected of Europe tonic water market from 2026 to 2033.
Revenue, 2025 (US$M)
$755.2
Forecast, 2033 (US$M)
$1,402.7
CAGR, 2026 - 2033
8.1%
Report Coverage
Europe

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Europe tonic water market, 2021-2033 (US$M)

Europe tonic water market, 2021-2033 (US$M)

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Europe tonic water market highlights

  • The Europe tonic water market generated a revenue of USD 502.6 million in 2019.
  • The market is expected to grow at a CAGR of 7.3% from 2020 to 2027.
  • In terms of segment, regular was the largest revenue generating product in 2019.
  • Diet is the most lucrative product segment registering the fastest growth during the forecast period.
  • Country-wise, France is expected to register the highest CAGR from 2020 to 2027.

Europe data book summary

Market revenue in 2019USD 502.6 million
Market revenue in 2027USD 883.6 million
Growth rate7.3% (CAGR from 2019 to 2027)
Largest segmentRegular
Fastest growing segmentDiet
Historical data covered2016 - 2018
Base year for estimation2019
Forecast period covered2020 - 2027
Quantitative unitsRevenue in USD million
Market segmentationRegular, Diet
Key market players worldwideKeurig Dr Pepper Inc, The Coca-Cola Company, Monster Beverage Corp, Zevia PBC Class A, Asahi Group Holdings Ltd, HansenGroup, Fevertree Drinks PLC, Coca-Cola Co, Fentimans North America, Q Mixers

Other key industry trends

  • In terms of revenue, Europe region accounted for 29.2% of the global tonic water market in 2019.
  • Globally, North America is projected to lead the regional market in terms of revenue in 2027.
  • Asia Pacific is the fastest growing regional market and is projected to reach USD 675.1 million by 2027.

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Tonic Water Market Companies

Name Profile # Employees HQ Website
Q Mixers View profile 11-50 Brooklyn, New York, United States, North America https://qmixers.com
Fentimans North America View profile 11-50 Pittsburgh, Pennsylvania, United States, North America https://www.fentimansusa.com/
Fevertree Drinks PLC View profile 375 186-188 Shepherds Bush Road, London, United Kingdom, W6 7NL https://www.fever-tree.com
Zevia PBC Class A View profile 111 15821 Ventura Boulevard, Suite 135, Encino, CA, United States, 91436 https://www.zevia.com
Coca-Cola Co View profile 79100 One Coca-Cola Plaza, Atlanta, GA, United States, 30313 https://www.coca-colacompany.com
Monster Beverage Corp View profile 6003 1 Monster Way, Corona, CA, United States, 92879 https://www.monsterbevcorp.com
The Coca-Cola Company View profile 10001+ Atlanta, Georgia, United States, North America https://www.coca-colacompany.com
Keurig Dr Pepper Inc View profile 28100 53 South Avenue, Burlington, MA, United States, 01803 https://www.keurigdrpepper.com
HansenGroup View profile 501-1000 Lem, Midtjylland, Denmark, Europe http://www.hansengroup.biz
Asahi Group Holdings Ltd View profile 34728 1-23-1, Azumabashi, Sumida-ku, Tokyo, Japan, 130-8602 http://www.asahigroup-holdings.com

Europe tonic water market outlook

The databook is designed to serve as a comprehensive guide to navigating this sector. The databook focuses on market statistics denoted in the form of revenue and y-o-y growth and CAGR across the globe and regions. A detailed competitive and opportunity analyses related to tonic water market will help companies and investors design strategic landscapes.


Regular was the largest segment with a revenue share of 74.95% in 2025. Horizon Databook has segmented the Europe tonic water market based on regular, diet covering the revenue growth of each sub-segment from 2021 to 2033.


  • Europe Tonic Water Product Outlook (Revenue, USD Million, 2021-2033)
    • Regular
    • Diet
  • Europe Tonic Water Distribution Channel Outlook (Revenue, USD Million, 2021-2033)
    • Hypermarket & Supermarket
    • On-trade
    • Online
    • Others

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Target buyers of Europe tonic water market databook

  • Our clientele includes a mix of tonic water market companies, investment firms, advisory firms & academic institutions.
  • 30% of our revenue is generated working with investment firms and helping them identify viable opportunity areas.
  • Approximately 65% of our revenue is generated working with competitive intelligence & market intelligence teams of market participants (manufacturers, service providers, etc.).
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Horizon Databook provides a detailed overview of continent-level data and insights on the Europe tonic water market, including forecasts for subscribers. This continent databook contains high-level insights into Europe tonic water market from 2021 to 2033, including revenue numbers, major trends, and company profiles.

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Europe tonic water market size, by country, 2021-2033 (US$M)

Europe Tonic Water Market Share, 2025 & 2033 (US$M)

Europe tonic water market size, by country, 2021-2033 (US$M)

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