Product Code: ETC189282 | Publication Date: May 2022 | Updated Date: Aug 2025 | Product Type: Market Research Report | |
Publisher: 6Wresearch | No. of Pages: 60 | No. of Figures: 40 | No. of Tables: 7 | |
The Vietnam Sparkling Water Market is projected to witness mixed growth rate patterns during 2025 to 2029. The growth rate starts at 15.70% in 2025 and reaches 20.25% by 2029.
The Sparkling Water market in Vietnam is projected to grow at a exponential growth rate of 16.42% by 2027, within the Asia region led by China, along with other countries like India, Japan, Australia and South Korea, collectively shaping a dynamic and evolving market environment driven by innovation and increasing adoption of emerging technologies.
The Vietnam Sparkling Water Market is experiencing a sparkling rise in popularity, driven by a shift towards healthier beverage choices and a desire for unique and refreshing options. Sparkling water has become a favored alternative to sugary sodas, aligning with consumer preferences for low-calorie and natural drink options. The market is marked by the entry of various international and domestic brands, offering a wide array of flavors and packaging options. The sparkling water trend reflects the evolving tastes of Vietnamese consumers seeking a balance between indulgence and health-conscious choices.
The growing health consciousness among consumers is a significant driver in the Vietnam sparkling water market. As more people seek healthier beverage options, sparkling water, with its refreshing, zero-calorie characteristics, has gained popularity. Additionally, the increasing trend of socializing and dining out has led to a higher demand for premium and flavored sparkling water products, contributing to market growth.
The Sparkling Water Market in Vietnam faces challenges related to market education and consumer awareness. While sparkling water is a popular beverage in some countries, it may be relatively unfamiliar to the Vietnamese market. Promoting and educating consumers about the benefits and varieties of sparkling water is crucial for market growth, but it requires significant marketing efforts.
The Vietnam sparkling water market faced challenges during the COVID-19 pandemic, primarily due to changes in consumer behavior and the economic impact of the crisis. On one hand, the closure of restaurants and cafes led to a decline in the on-premise consumption of sparkling water. On the other hand, the increased focus on health and wellness, coupled with a growing preference for non-alcoholic beverages, provided opportunities for at-home consumption. The market is expected to witness a recovery as economic conditions improve, and consumers continue to prioritize healthier beverage options.
Sparkling water has become increasingly popular in Vietnam, driven by a desire for healthier beverage options. Leading players in the sparkling water market include brands like Vinh Hao, Lavie, and Aquafina. Their innovative product offerings and strategic marketing have contributed to the expanding consumer base for sparkling water in the country.
1 Executive Summary |
2 Introduction |
2.1 Key Highlights of the Report |
2.2 Report Description |
2.3 Market Scope & Segmentation |
2.4 Research Methodology |
2.5 Assumptions |
3 Vietnam Sparkling Water Market Overview |
3.1 Vietnam Country Macro Economic Indicators |
3.2 Vietnam Sparkling Water Market Revenues & Volume, 2021 & 2031F |
3.3 Vietnam Sparkling Water Market - Industry Life Cycle |
3.4 Vietnam Sparkling Water Market - Porter's Five Forces |
3.5 Vietnam Sparkling Water Market Revenues & Volume Share, By Product Outlook, 2021 & 2031F |
3.6 Vietnam Sparkling Water Market Revenues & Volume Share, By Distribution Channel Outlook (Revenue, USD Million, 2021-2031), 2021 & 2031F |
4 Vietnam Sparkling Water Market Dynamics |
4.1 Impact Analysis |
4.2 Market Drivers |
4.2.1 Increasing health consciousness among consumers leading to a shift towards healthier beverage options. |
4.2.2 Growing disposable income and changing lifestyle preferences favoring premium and trendy beverages. |
4.2.3 Expansion of modern retail channels and e-commerce platforms increasing accessibility and visibility of sparkling water products. |
4.3 Market Restraints |
4.3.1 Competition from other beverage categories such as energy drinks, flavored water, and traditional carbonated soft drinks. |
4.3.2 Price sensitivity among consumers in a price-sensitive market like Vietnam. |
4.3.3 Lack of awareness and familiarity with sparkling water compared to other established beverage options. |
5 Vietnam Sparkling Water Market Trends |
6 Vietnam Sparkling Water Market, By Types |
6.1 Vietnam Sparkling Water Market, By Product Outlook |
6.1.1 Overview and Analysis |
6.1.2 Vietnam Sparkling Water Market Revenues & Volume, By Product Outlook, 2021-2031F |
6.1.3 Vietnam Sparkling Water Market Revenues & Volume, By Natural/Mineral Sparkling Water, 2021-2031F |
6.1.4 Vietnam Sparkling Water Market Revenues & Volume, By Caffeinated Sparkling Water, 2021-2031F |
6.2 Vietnam Sparkling Water Market, By Distribution Channel Outlook (Revenue, USD Million, 2021-2031) |
6.2.1 Overview and Analysis |
6.2.2 Vietnam Sparkling Water Market Revenues & Volume, By Hypermarket & Supermarket, 2021-2031F |
6.2.3 Vietnam Sparkling Water Market Revenues & Volume, By Convenience Stores, 2021-2031F |
6.2.4 Vietnam Sparkling Water Market Revenues & Volume, By Online, 2021-2031F |
6.2.5 Vietnam Sparkling Water Market Revenues & Volume, By Others, 2021-2031F |
7 Vietnam Sparkling Water Market Import-Export Trade Statistics |
7.1 Vietnam Sparkling Water Market Export to Major Countries |
7.2 Vietnam Sparkling Water Market Imports from Major Countries |
8 Vietnam Sparkling Water Market Key Performance Indicators |
8.1 Consumer awareness and perception surveys regarding sparkling water as a healthy alternative. |
8.2 Number of new product launches and innovations in the sparkling water segment. |
8.3 Growth in distribution channels and market penetration of sparkling water products. |
9 Vietnam Sparkling Water Market - Opportunity Assessment |
9.1 Vietnam Sparkling Water Market Opportunity Assessment, By Product Outlook, 2021 & 2031F |
9.2 Vietnam Sparkling Water Market Opportunity Assessment, By Distribution Channel Outlook (Revenue, USD Million, 2021-2031), 2021 & 2031F |
10 Vietnam Sparkling Water Market - Competitive Landscape |
10.1 Vietnam Sparkling Water Market Revenue Share, By Companies, 2024 |
10.2 Vietnam Sparkling Water Market Competitive Benchmarking, By Operating and Technical Parameters |
11 Company Profiles |
12 Recommendations |
13 Disclaimer |