The Craft Soda market is estimated to be worth USD 655.2 million by 2021 and is projected to register a CAGR of 5.3% over the forecast period 2023-2030.
Market Overview
The research firm Contrive Datum Insights has just recently added to its database a report with the heading global Craft Soda Market .Both primary and secondary research methodologies have been utilised in order to conduct an analysis of the worldwide Craft Soda Market . In order to provide a comprehensive comprehension of the topic at hand, it has been summed up using appropriate and accurate market insights. According to Contrive Datum Insights, this worldwide comprehensive report is broken up into several categories in order to present the data in a way that is understandable, succinct, and presented in a professional manner. Craft soda, also called micro-manufacturer soda, is a traditional product made in small batches. Craft soda is a carbonated, flavored drink that most people call a soft drink. Craft soda is mostly used to add flavor to non-traditional soft drinks to attract customers who want something different. In the past few years, the craft soda market has grown quickly, with private labels and local companies making up most of the market. The craft soda market is expected to keep growing at this fast rate over the next few years. The craft soda market is likely to be driven by the growing number of young people in places where there are a lot of young people and by the fact that craft soda is seen as an alternative to the boring soft drinks that are served all over the world. Contrive Datum Insights just added the Craft Soda Market to its huge database, which helps businesses shape their futures by making smart business decisions. It gives a thorough look at many business topics, such as global market trends, new technological developments, market size, market shares, and new ideas. Also, this analytical data was put together with the help of data exploration methods like primary and secondary research. Also, a team of expert researchers sheds light on both stable and changing parts of the global Craft Soda market.
Click Here For A Free Sample PDF Copy Of The Craft Soda Market Latest Research Before Purchase:
https://www.contrivedatuminsights.com/request-sample/46923
Segment Analysis
It encompasses the most important key players in the world’s various regions and contains them. In this research report, several different techniques that high-level industries have utilised to achieve their goals are discussed. In order to obtain a more in-depth analysis of a number of different businesses, player profiles of the most important top players have been developed. It is beneficial to have an understanding of the worldwide competition on both the domestic and international platforms.
It provides a detailed description of the drivers and opportunities in the Craft Soda Market , which assists current customers and potential customers in gaining a clear vision and making decisions that are most effective for them. In order to discover the desired facts regarding the target market, various types of analysis models, such as Craft Soda Market , are utilised. In addition to this, it includes a variety of different techniques for strategic planning, which encourages the way to define and develop the framework of the various industries. In 2021, the cola flavor segment was the leader of the industry and made up more than 50% of the total revenue. Young people and millennials are drinking more soft drinks with soda in them, which is making the segment grow. The cola flavor has a unique, original, and non-traditional taste, which is exactly what people want from their soft drinks: something new and different. Craft sodas with unique tastes and flavors are being made by companies because customers are asking for them more and more. By switching from nutritive to organic non-nutritive sweeteners, many companies have started to offer healthier products. In 2021, the glass packaging segment had more than 54.5% of the global market, and this is likely to stay the case in the years to come. Craft soda in glass bottles keeps the amount of carbon dioxide in the soda for a longer time, which protects the flavor and quality of the product. Glass bottles come in attractive packaging and are easy to carry, which makes people like them and feel comfortable. Key companies in the market are also putting out new products with creative packaging that combines new arts, styles, and logos. This is attracting new customers to craft soda sold in glass bottles. In 2021, more than 42.5% of all sales came from the on-trade distribution channel segment. The segment is growing because more people are drinking soda in bars, restaurants, hotels, and nightclubs. The British Soft Drinks Association did a survey of consumers in 2020 and found that people like to drink craft sodas and other carbonated drinks at restaurants and hotels.
Based on types, the Craft Soda Market is segmented into:
- Natural,
- Organic
Based on application, the Craft Soda Market is segmented into:
- Teenagers,
- Young Adults,
- Middle-aged and Elderly
Buy this Premium Research Report@
https://www.contrivedatuminsights.com/buy/46923
Recent Development
Green Cola released a new Diet Coke product in the US in January 2022. There are no calories, artificial sweeteners, or preservatives in the product. The product can be bought in over a thousand stores, as well as on Amazon and Walmart.
Jones Soda released its first mass-market variety 12-pack in January 2021. It was also the first mass-market variety 12-pack that was changed out every six months.
In January 2020, artisan soda maker Soda Folk started selling grape-flavored soda with natural sugars and artificial colors.
Regional Analysis
In 2021, North America was the biggest region and brought in the most money, with 32.90% of the total. The segment is expected to keep its lead over the next few years because there are more mainstream retailers and more people are starting to care about their health and want healthier drinks. The regional market is likely to be driven by the rising demand for craft sodas from these areas. Across the region, the demand for a variety of crafted beverage products is expected to grow as more products come out and more money is put into packaging and labeling technology. For example, in June 2022, Green Tea Grapefruit, White Tea Ginger, and Hibiscus Vanilla versions of SkinTe’s sparkling wellness soda with collagen and mood-boosting properties were sold in 1,289 Walmart stores across the United States. SkinTe is an American company. These kinds of new ideas are likely to help the region grow. On the other hand, the CAGR for Asia Pacific is expected to be the highest during the period covered by the forecast. Getting more products into developing countries like India, Australia, and China is likely to help the growth of the region as a whole. Many regional and international companies are putting their products on the market in developing countries with large populations to make more money and get more customers. For example, the Indian drink brand SHUNYA has a lot of different craft sodas.
Regional Craft Soda Market coverage (Regional Status, Demand Forecast, Country Trends, etc.):
- North America, Europe, China, Japan, Southeast Asia, India.
- North America (USA, Canada, and Mexico).
- Europe (Germany, France, UK, Russia and, Italy).
- Asia-Pacific (China, Japan, Korea, India and, Southeast Asia).
Key segments covered in the Craft Soda Market include:
- Craft Soda Market Growth Drivers and Barriers.
- Market Trends, Market Opportunities, Porter’s Five Forces Analysis.
- Market Overview, Industry Development, Market Maturity, Value Chain Analysis.
- Regional and Country Level Analysis.
- Trends and Forecasts for Market Segments.
- Market Analysis and Various Recommendations.
- Key market forces.
Report Customization:
This report will be customized to your needs for additional data up to 5 companies or 5 countries or nearly 40 analyst hours.
https://www.contrivedatuminsights.com/product-report/craft-soda-market-46923Key Market Participants in the Craft Soda Market :
Pepsi, Jones Soda Co, Reed’s, Inc., Appalachian Brewing Co, Boylan Bottling Co, SIPP eco beverage co. Inc., Crooked Beverage Co., JustCraft Soda, Gus, Q Drinks, Tuxen Brewing Company., and others.
ABOUT US
Contrive Datum Insights (CDI) is a global delivery partner of market intelligence and consulting services to officials at various sectors such as investment, information technology, telecommunication, consumer technology, and manufacturing markets. CDI assists investment communities, business executives, and IT professionals to undertake statistics-based accurate decisions on technology purchases and advance strong growth tactics to sustain market competitiveness. Comprising of a team size of more than 100 analysts and cumulative market experience of more than 200 years, Contrive Datum Insights guarantees the delivery of industry knowledge combined with global and country-level expertise.
CONTACT US
Anna B. (Head Of sales) | Contrive Datum Insights
Contact No- IND: +91 9834816757 / CANADA: +1 (215) 297 4078
Email Id : [email protected]