Soda Water Dispenser Market Analysis, Size, Growth, Share, Trend, Outlook & Forecast to 2025
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.