Commercial Sparkling Water Dispenser Market Size, Share & Industry Analysis, By Product Type (Counter Top, Drop-in), By Dispenser Style (Push Button, Lever), By End-User (Restaurant, Schools, Corporate) and regional Forecast, 2024-2032

Commercial sparkling water dispenser is basically a water dispenser which has the ability to produce water holding dissolved carbon dioxide gas. The various benefits that sparkling water is providing include helping to stay hydrated longer, reduce weight, maintain blood pressure, and others. Its capability to help decrease the intake of sugar upsurges the consumption of the product as it helps to prevent consumers against diabetes. Furthermore, the rising popularity of the usage of the product in hospital assist to elevate the demand as it helps patients to retain hydration which is crucial while having sickness. Moreover, the escalating usage of the product by people with obesity for decreasing their weight has thereby positively influenced the consumption rate.

The rising demand of the product by people with various types of health issues helps to escalate the usage of the product as it offers health benefits such as a relief of stomach ache, improved digestion, recover heart health, and others. Thus, this assist to act as one of the key driving factor for the market growth. According to the data issued by the American College of Cardiology, February 2020, coronary which is a form of heart issue is anticipated to happen in around 1,055,000 individuals, which include 720,000 new and 335,000 recurrent coronary events. Furthermore, various sports disciplines popularize the use of the product is assisting to generate more traction as staying hydrated for a longer period of time is highly essential for sportsmen.   

Nevertheless, the product facing intense competition with its substitute products such as regular water dispensers,  water purifiers, and others are acting as a hampering factor for the market growth.

Key Market Driver -

The increasing demand of the product by people with various kinds of health condition act as a driving factor for the market growth.

Key Market Restraint -

Intense competition with its substitute products act as a restraining factor for the market growth.

Key Players Covered:

BRITA, Cornelius, Elkay Manufacturing Company, Follett, Natura, and Waterlogic International, are the key player operating in the commercial sparkling water dispenser market.

The sparkling water market is segmented into by product type, by dispenser style, by end-user, and by geography.

On the basis of product type, the market is bifurcated into countertop and drop-in. Countertop water dispenser is projected to be the larger market shareholder on an account of its less occupying space which is highly crucial especially in urban places and having the convenience to quickly move around.

Based on Dispenser Style, the market is segmented into push button and lever. Lever is anticipated to be the greater segment owing to its cost efficiency it is able to attract larger number of consumers to the product. Moreover, the lever makes the cup to be placed straight under the valve, which is thus resulting to decreasing the odds of mess and spills nearby the dispenser.

By end-user, the market is divided into restaurants, schools, and colleges. Restaurant is projected to the dominating market owing to the sparkling water dispenser helping to eliminate the cost of purchasing ready-made sparkling water is assisting to boost the usage of the product for this segment.

Regional Analysis:

On the basis of region, the market is divided into North America, Europe, Asia Pacific, South America, and Middle East & Africa.

North America is projected to be the dominating region and is expected to continue its dominance during the forecast period of 2020-2027. The growing awareness of the product through intense promotional campaigns done by various brands is projected to drive the growth of the market. For instance, the US-based company called Soda Stream is coming up with an innovative humorous commercial based on Mars astronaut is expected to attract large number of consumers to its product. Furthermore, most corporations in this region offering wide varieties of food and beverages to their employees help to boost the usage of the product. Moreover, the popularity of providing sparkling water dispensers to the clients at health and fitness clubs also has an optimistic impact on the growing demand.

The Asia Pacific is estimated to exhibit a strong presence during the coming years owing to the growing popularity to the usage of the e-commerce platform is likely to accelerated the consumption. For instance, according to the International Trade Administration,  August 2019, Taiwan is projected to have the highest rate of e-commerce shoppers in Asia with 67 percent of its total population and also has largest average revenue per e-commerce user of about  $3,000. Moreover, the growing trend of the usage of the product especially developed in countries such as Japan, South Korea, Singapore, and others are anticipated to play a vital role for the upsurging usage of the product

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Segmentation

Key Industry Developments-

• In April 2019, Pepsico declared the launch of SodaStream-style drinks dispenser for refillable bottles. This dispenser has the ability to produce range of still and carbonated/sparking water options.


• In February 2019, Marco Beverage Systems announced the introduction of FRIIA which sparkling water dispenser.This product will have the ability to dispense hot or cold water.