How much will the Soda Water Dispenser industry be worth in the Future????


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.
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.
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.
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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.
Further key findings from the report suggest:
·         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.
The soda fountains also help to minimize the use of soda bottles and cans, thereby reducing the hectic work to keep a bulk of beverage containers in store. However, awareness regarding the disposal of plastic bottles and aluminum cans has increased the sales of beverage dispensers in the industry. The use of regular tap waters for the making of soda beverages in dispensers has lowered the use of water containers.
This reduces the manufacturing of plastic containers, thereby creating a less plastic environment in the industry. In addition, the transportation cost for the delivery of bottle containers gets reduced by the incorporation of soda machines in the industry. Moreover, customizations such as mixing of various flavors in a single drink increase its penetration in the market.
The product helps to keep the favorite drinks of consumers loaded in a dispenser, thereby saving time by providing instant flavors of drinks ready to be served at parties and restaurants. In addition, the use of such machines at events and parties reduces the cost of hiring a bartender for serving and handling the drinks to the members. Moreover, keeping the soda machines at commercial spaces and institutes helps to keep the employees refreshing and active throughout the working hours of the day.
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The countertop segment accounted for the largest share of 69.1% in the year 2018. The growth of the segment is attributed to the fact that the machine is very easy to install as it needs to be placed just above any space on a counter. This also makes the machine very easily accessible to the consumers for making a flavored soda drink. In addition, it provides a convenient option for dispensing ice to consumers, as it has an ice bin mounted on the top of a machine. However, an automated technology provided to refill the ice on the countertop types provides an extra convenience to the customers. This feature also helps to provide a well sanitized environment during dispensing of ice to the customers.
The drop-in type is the fastest growing segment, expanding at a CAGR of 6.4% from the year 2019 to 2025. The drop in type has a wide space at the bottom for filling the soda and ice in the machine. This large space is utilized for operation and other small works, thereby boosting its growth in the market. Bars and restaurants make extensive usage of the machine due to its feature of an extra space. The machine is very easy to operate as it is a simple mechanical device as compared to countertop types, thereby fueling the growth of the product over the forecast period. This also makes the dispenser less costly to the buyers. Moreover, its reliability due to a safe flush provided in the machine increases its demand in the market.
Grand View Research has segmented the global soda water dispenser market on the basis of product, dispensing style, and region:
Soda Water Dispenser Product Outlook (Revenue, USD Billion, 2015 - 2025)
·         Countertop
·         Drop-in
Soda Water Dispenser Style Outlook (Revenue, USD Billion, 2015 - 2025)
·         Push Button
·         Lever
About Grand View Research
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, we offer market intelligence studies ensuring relevant and fact-based research across a range of industries, from technology to chemicals, materials and healthcare.




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