U.S. & Canada Tonic Water Market size is expected to reach USD 1.20 billion by 2028
U.S. & Canada Tonic Water Industry Overview The U.S. and Canada tonic water market size was valued at USD 487.0 million in 2020 and is expected to expand at a compound annual growth rate (CAGR) of 12.0% from 2021 to 2028. The growing cocktail culture across the globe is the key sales promoter of tonic water. It is primarily used as a drink mixer in cocktails, especially gin and vodka. The combination of the slightly bitter taste of tonic water with lime and vodka is one of the popular cocktail combinations consumed across the U.S. and Canada, which is expected to boost product consumption. The COVID-19 pandemic has had an adverse effect on the market. The shutting down of restaurants, clubs, pubs, and hotels led to a continuous decline in food and beverage sales. The closure of bars, restaurants, and pubs across the world has reduced product demand. However, the household demand for products soared during the lockdown. Due to multiple lockdowns imposition...