Asahi Group Holdings Ltd. is considering acquiring U.S. sparkling-water maker Talking Rain Beverage Co. for about ¥50 billion ($415 million) in a bid to tap into a larger market overseas, sources close to the matter said Tuesday.

Talking Rain, founded in Seattle in 1987, is known for its "Sparkling Ice" line of carbonated beverages.

The maker of Super Dry beer and Wilkinson ginger ale in Japan has sought overseas expansion in recent years to make up for a lack of growth in the Japanese market, buying beverage firms in Malaysia and Indonesia between 2011 and 2013.