The global soda water dispenser market size was valued at USD 1.23 Billion in 2022 and is likely to reach USD 1.86 Billion by 2031, expanding at a CAGR of 5.30% during the forecast period, 2023–2031. The growth of the market is attributed to increasing demand for soda dispensers in quick-service restaurants.
Soda water dispenser is used for dispensing carbonated water. The filtered water is mixed with carbon dioxide before dispensing in the machine. Soda water dispenser incudes features such as touch panels, auto sensors, and child lock facility. These technological advancements are expected to fuel the market growth during the forecast period. The integration of advanced features have made them energy efficient than conventional dispensers.
Consumer inclination toward sparkling drinks has led to the growth in the installation of these machines at commercial spaces such as hotels and restaurants. Soda dispensers help to keep the sparkling drinks loaded in a container, which saves time and provides instant flavored drink.
Soda Water Dispenser Market Drivers, Restraints, Trends, and Opportunities
- Growing deployment of soda dispensers in high-end restaurants is expected to drive the market growth.
- Soda water dispenser lowers the cost of bottling and packaging and provides high profit margins to the restaurant owners, which has encouraged the installation of the machine at various restaurants. Moreover, installation of soda dispenser machines leads to reduction in the transportation cost of bottle containers, which benefits the restaurants.
- Thus, such benefits have spurred the growth of the market.
- Increasing awareness about the negative impact of using plastic bottles is anticipated to drive the growth of soda dispenser market during the forecast period.
- Adverse effects of carbonated drinks on health can restrain the market growth.
- The advent of multi-stage filtration dispensers is expected to foster the growth of the market in the coming years.
- Rising demand for beverages made with sparkling water is boosting the market growth.
Scope of Soda Water Dispenser Market Report
The report on the global soda water dispenser market includes an assessment of the market, trends, segments, and regional markets. Overview and dynamics have also been included in the report.
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Attributes
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Details
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Report Title
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Soda Water Dispenser Market - Global Industry Analysis, Growth, Share, Size, Trends, and Forecast
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Base Year
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2022
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Historic Data
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2016–2021
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Forecast Period
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2023–2031
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Segmentation
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Dispenser Styles (Push Buttons and Levers), Products (Countertop and Drop-in)
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Regional Scope
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Asia Pacific, North America, Latin America, Europe, and Middle East & Africa
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Report Coverage
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Company Share, Market Analysis and Size, Competitive Landscape, Growth Factors, and Trends, and Revenue Forecast
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Key Players Covered
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The Coca-Cola Company, PepsiCo Inc., Dr. Pepper, Lancer Corp. and Cornelius, Inc.
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Soda Water Dispenser Market Segment Insights
Dispensing Styles Segment Analysis
On the basis of dispensing styles, the market is segmented into push buttons and levers. The levers segment is expected to witness a healthy growth rate owing to growing consumer preference to dispense sparkling drinks from a hands-free machinery. This is due to the increasing awareness about personal hygiene owing to the COVID-19 pandemic.
The push buttons segment is anticipated to expand at a CAGR of 6.8 % during the forecast period. Push button type dispenser is simple in design, easy to handle, and has quick response. Thus, such characteristics are stimulating the segment growth.
Products Segment Analysis
Based on products, the market is bifurcated into countertop and drop-in. The countertop segment accounted for a considerable market share in 2020, in terms of revenue. This is due to easy installation of machine, as it can be placed above any space on a counter, which makes the machine easily accessible to the users.
The drop-in segment is anticipated to register a CAGR of 6.3% during the forecast period. A drop-in soda dispenser has a large space at the bottom of the machine to fill the soda and ice in the machine. These machines are more favored in spaces such as bars and restaurants, as they have considerable amount of storage space in them. These machines are more convenient to operate and works on a simpler mechanism as compared to countertop machines. Moreover, they are cost-efficient and more reliable. These factors are increasing the product demand in the market.
Regional Analysis
In terms of regions, the market is classified into Asia Pacific, North America, Latin America, Europe, and Middle East & Africa. North America accounted for a large market share owing to the increasing penetrations of restaurants such as Subway, Pizza Hut, KFC, Burger King, McDonald's and Dominos. Moreover, growing demand for fresh soda drinks is driving the growth of the market in the region.
The market in Asia Pacific is anticipated to expand at a CAGR of 7.3% during the forecast period owing to the increasing demand for soda dispensers in hospitality industry in countries such as India and China. Increasing purchasing power and increasing government initiatives to curb use of plastic bottles are spurring the growth of the market in the region.
Segments
The global soda water dispenser market has been segmented on the basis of
Dispenser Styles
Products
Regions
- Asia Pacific
- North America
- Latin America
- Europe
- Middle East & Africa
Competitive Landscape
Some of the leading manufacturers in global soda water dispenser market are The Coca-Cola Company, PepsiCo Inc., Dr. Pepper, Lancer Corp. and Cornelius, Inc.
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Companies are focusing on developing innovative products owing to increasing demand for fresh soda drinks. For instance, in May 2018, The Coca-Cola announced the launch of soda dispenser with a touchscreen design to provide a fast and convenient experience to its users.
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