Global Craft Soda Market, By Product Type (Natural and Organic), Target Consumer (Teenagers, Young Adults, Middle-Aged and Adults), Distribution Channel (Supermarkets and Hypermarkets, Food Service and Drinking Places, Convenience and Specialty Stores, Online Stores and Other), Packaging Type (Bottles, Cans, and Others), Country (U.S., Canada, Mexico, Germany, Sweden, Poland, Denmark, Italy, U.K., France, Spain, Netherlands, Belgium, Switzerland, Turkey, Russia, Rest of Europe, Japan, China, India, South Korea, New Zealand, Vietnam, Australia, Singapore, Malaysia, Thailand, Indonesia, Philippines, Rest of Asia-Pacific, Brazil, Argentina, Rest of South America, UAE, Saudi Arabia, Oman, Qatar, Kuwait, South Africa, Rest of Middle East and Africa) Industry Trends and Forecast to 2028.
Data Bridge Market Research analyses that the global craft soda market will project a CAGR of 5.00% for the forecast period of 2021-2028. Growth and expansion of the food and beverages industry, rising consumer consciousness towards carbonated beverages and growing personal disposable income by the major companies are the major factors attributable to the growth of craft soda market.
Craft soda is categorised under soft drinks. This means that craft sodas are carbonated and flavoured beverages. However, craft sodas are healthy alternative to regular carbonated beverages as they contain few or no preservatives, and are brewed in tiny lots. Craft sodas are available in a wide range of flavours in the market. Craft sodas are low in calories as compared to standard sodas.
Rising personal disposable income and stringent government guidelines for artificial ingredients are the major factors fostering the growth of the craft soda market. Changing lifestyle, shifting consumer preference from high sugar drinks to low-sugar beverages at reasonable prices and ever-rising global population are other important factors acting as craft soda market growth determinants. Improving distribution channels, growth in the demand for natural and organic drinks, and surge in the obese and overweight population will further induce growth in the craft soda market value. Rising focus of the manufacturers on innovative packaging solutions will also carve the way for the growth of craft soda market.
However, increasing social awareness towards environmental concerns will pose a major challenge to the growth of the craft soda market. Availability of alternatives in the market will further restrict the scope of growth for the craft soda market. Fluctuations in the prices of packaging materials and severe competition among the vendors have further adversely affected the demand and supply of craft soda.
This craft soda market report provides details of new recent developments, trade regulations, import export analysis, production analysis, value chain optimization, market share, impact of domestic and localised market players, analyses opportunities in terms of emerging revenue pockets, changes in market regulations, strategic market growth analysis, market size, category market growths, application niches and dominance, product approvals, product launches, geographic expansions, technological innovations in the market. To gain more info on craft soda market contact Data Bridge Market Research for an Analyst Brief, our team will help you take an informed market decision to achieve market growth.
Global Craft Soda Market Scope and Market Size
The craft soda market is segmented on the basis of product type, target consumer, distribution channel, and packaging type. The growth among segments helps you analyse niche pockets of growth and strategies to approach the market and determine your core application areas and the difference in your target markets.
- On the basis of product type, the global craft soda market is segmented into nature and organic.
- On the basis of target consumer, the global craft soda market is segmented into teenagers, young adults, middle-aged, and adults.
- On the basis of distribution channel, the global craft soda market is segmented into supermarkets and hypermarkets, food service and drinking places, convenience and specialty stores, online stores, and other.
- On the basis of packaging type, the global craft soda market is segmented into bottles, cans and others.
Craft Soda Market Country Level Analysis
The craft soda market is analyses and market size, volume information is provided by country, product type, target consumer, distribution channel and packaging type as referenced above.
The countries covered in the craft soda market report are U.S., Canada, Mexico in North America, Germany, Sweden, Poland, Denmark, Italy, U.K., France, Spain, Netherlands, Belgium, Switzerland, Turkey, Russia, Rest of Europe in Europe, Japan, China, India, South Korea, New Zealand, Vietnam, Australia, Singapore, Malaysia, Thailand, Indonesia, Philippines, Rest of Asia-Pacific (APAC) in Asia-Pacific (APAC), Brazil, Argentina, Rest of South America as a part of South America, UAE, Saudi Arabia, Oman, Qatar, Kuwait, South Africa, Rest of Middle East and Africa(MEA) as a part of Middle East and Africa(MEA).
North America dominates the walnut ingredients market and will continue to excel its dominance during the forecast period owing to the increasing awareness rising health concerns, and high market penetration. High obesity rate in the region is also an important factor fostering the market growth in this region. Asia-Pacific, on the other hand, will project the highest CAGR owing to rising urbanization, westernization, changing lifestyle, and increasing personal disposable income. Rising shift from sugar-loaded drinks to low sugar or mild calorie drinks and ever rising young population will also create lucrative and remunerative market growth opportunities.
The country section of the craft soda market report also provides individual market impacting factors and changes in regulation in the market domestically that impacts the current and future trends of the market. Data points such as consumption volumes, production sites and volumes, import export analysis, price trend analysis, cost of raw materials, down-stream and upstream value chain analysis are some of the major pointers used to forecast the market scenario for individual countries. Also, presence and availability of global brands and their challenges faced due to large or scarce competition from local and domestic brands, impact of domestic tariffs, and trade routes are considered while providing forecast analysis of the country data.
Competitive Landscape and Craft Soda Market Share Analysis
The craft soda market competitive landscape provides details by competitor. Details included are company overview, company financials, revenue generated, market potential, investment in research and development, new market initiatives, global presence, production sites and facilities, production capacities, company strengths and weaknesses, product launch, product width and breadth, application dominance. The above data points provided are only related to the companies’ focus related to craft soda market.
The major players covered in the craft soda market report are Reeds inc., PepsiCo, JONES SODA CO., Celeste Cathryn Digital, Appalachian Brewing Company, BOYLAN BOTTLING, crookedbevco, THE COCA-COLA COMPANY, Q Tonic, LLC, TUXEN BREWING COMPANY, Keurig Dr Pepper, Inc., , Brix Soda Co, BUCKSNORT SODA COMPANY. ltd., Batch Craft Soda, Bai, Excel Bottling Company, DRY Soda Company, Peak Drive Beverages, and Five Star Beverages among other domestic and global players. Market share data is available for Global, North America, Europe, Asia Pacific (APAC), Middle East and Africa (MEA) and South America separately. DBMR analysts understand competitive strengths and provide competitive analysis for each competitor separately.
Customization Available : Global Craft Soda Market
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