Craft Soda Market - Global Industry Analysis, Size, Share, Growth Opportunities, Future Trends, Covid-19 Impact, SWOT Analysis, Competition and Forecasts 2022 to 2030
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 2021-2030.
Craft Soda Market Overview
Craft Soda, or micro-manufacturer, is a traditional small-batch manufacturing soda product. Craft soda is a flavored carbonated beverage that is widely classified as a soft drink. Craft soda is primarily available as a flavoring for non-traditional soft drinks to attract many consumers seeking an alternative. The craft soda market has already seen high growth over the past few years, with private labels and local players dominating the global market. Over the forecast period, the craft soda market is expected to maintain this significant growth rate. The craft soda market is expected to be driven by the growing youth population in regions with a high proportion of the youth population and its positioning in the market as an alternative to monotonous soft drinks served globally.
Contrive Datum Insights has recently published the Craft Soda Market to its huge database which helps to shape the future of businesses by making well-informed business decisions. It offers a comprehensive analysis of various business aspects such as global market trends, recent technological advancements, market size, shares, and new innovations. Furthermore, this analytical data has been compiled through data exploratory techniques such as primary and secondary research. Moreover, an expert team of researchers throws light on various static and dynamic aspects of the global Craft Soda market.
Some of the key players profiled in the study are:
Different leading key players have been profiled to get better insights into the businesses. It offers detailed elaboration on various top-level industries which are functioning in global regions. It includes informative data such as company overview, contact information, and some significant strategies followed by key players: Pepsi, Jones Soda Co, Reedâ€™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.
- In January 2022, Green Cola launched a new Diet Coke product in the US. The product contains no calories or artificial sweeteners or preservatives. The product is available in 1,000 retail stores and on Amazon and Walmart.
- In January 2021, Jones Soda launched its first mass-market varietal 12-pack and the first mass-market varietal 12-pack to be replaced every six months.
- In January 2020, artisan soda Soda Folk added grape-flavored soda, which contains natural sugars and artificial colors, to its offerings.
What are the major Applications, Types, and Regions for the Craft Soda Market?
On the Basis of Type:
- Natural, Organic
On the Basis of Application:
- Teenagers, Young Adults, Middle-aged and Elderly
Craft Soda Market Regional Insights:
North America developed as the largest region in 2021, accounting for up to 33.1% of total revenue. The segment is anticipated to continue its domination over the forecast period due to the increasing number of alcoholic beverage retailers along with growing health concerns and changing preferences for healthy beverages. Growing demand for various craft sodas in the region is expected to drive the regional market. Demand for many types of craft beverage products is expected to increase in the region due to more and more product launches and investments in packaging and labeling technologies.
Asia Pacific is expected to register the fastest CAGR during the forecast period. Increasing product penetration in developing countries such as India, Australia, and China will boost regional growth. Many local and international companies are launching their products in developing countries with larger populations in order to generate more revenue and increase the customer base for their products. For example, the Indian beverage brand SHUNYA offers a range of craft soda products.
Geographically, the global Craft Soda market has been analyzed in various regions such as North America, Europe, Asia-Pacific, Latin America, the Middle East, and India. The global region is dominating this market in the upcoming future.
- North America
- Rest of North America
- Nordic Countries
- Benelux Union
- The Netherlands
- Rest of Europe
- South Korea
- Southeast Asia
- Rest of Southeast Asia
- Rest of Asia-Pacific
- The Middle East & Africa
- Saudi Arabia
- South Africa
- Rest of the Middle East & Africa
- Latin America
- Rest of Latin America
Craft Soda Market Report Scope:
CAGR of 5% from 2022 to 2030.
Teenagers, Young Adults, Middle-aged and Elderly
Pepsi, Jones Soda Co, Reedâ€™s, Inc., Appalachian Brewing Co, Boylan Bottling Co, SIPP eco beverage co. Inc., Crooked Beverage Co., JustCraft Soda, Gus, Q Drinks, Tuxen Brewing Company.
Regions and Countries Covered
2017 to 2022
2023 to 2030
Frequently Asked Questions (FAQ) about the Craft Soda market:
What is the CAGR of the global Craft Soda market?
The Craft Soda Market is growing at a CAGR of 5% during the forecast period.
Which region would offer high growth for vendors in the Craft Soda market?
North America developed as the largest region in 2021, accounting for up to 33.1% of total revenue.
Which Is the Most potential market segment?
By Types- Natural, Organic
By Applications - Teenagers, Young Adults, Middle-aged and Elderly
Which are the top industry players in the Craft Soda market?
Pepsi, Jones Soda Co, Reedâ€™s, Inc., Appalachian Brewing Co, Boylan Bottling Co, SIPP eco beverage co. Inc., Crooked Beverage Co., JustCraft Soda, Gus, Q Drinks, Tuxen Brewing Company.All of our reports are custom to your company's needs to some extent and we offer 5 hours of free consultation time with each report purchase, which will allow you to request any additional data to custom the report to your needs.