Craft soda is a flavored carbonated drink widely categorized under soft drinks. The craft soda mainly comes under non-traditional soft drink flavoring to attract a lot of consumers looking for alternatives. The craft soda market has seen high growth in the past few years, with private labels with local players dominating the market over the globe. Over the forecast period, the craft soda market is anticipated to maintain such a substantial growth rate. The craft soda market is expected to be driven by the rising youth population over the region with a high youth population share and its placing over the market as an alternative to monotonous soft drinks offering globally.
MARKET DYNAMICS
The craft soda drink market has witnessed significant growth owing to factors such as increasing demand for alternative offerings in monotonous mature markets. Also, clean labels and organic sources are anticipated to drive the craft soda market by the rising demand from ethical buyers over the globe. The shifting consumer preference from sugar-laden drinks to low-sugar or mid-calorie beverages, as well as choosing craft soda as an operative substitute for alcoholic drinks, is expected to foster industry growth during the forecast period. However, various food regulations may hame the growth of the craft soda drink market. Nevertheless, with the steady growth in the food processing industry and beverage industry, there are opportunities for the market players to invest in this market.
MARKET SCOPE
The "Global Craft Soda Drink Market Analysis to 2028" is a specialized and in-depth study of the food and beverages industry with a special focus on the global market trend analysis. The report aims to provide an overview of the craft soda drink market with detailed market segmentation by nature, packaging format, distribution channel, and geography. The global craft soda drink market is expected to witness high growth during the forecast period. The report provides key statistics on the market status of the leading craft soda drink market players and offers key trends and opportunities in the market.
MARKET SEGMENTATION
The global craft soda drink market is segmented on the basis of nature, packaging format, and distribution channel. On the basis of nature, the craft soda drink market is segmented organic and conventional. The craft soda drink market on the basis of the packaging format is classified into glass, P.E.T, pouches, and cans. On the basis of distribution channel, global craft soda drink market is bifurcated into supermarkets and hypermarkets, convenience stores, online stores, and others.
REGIONAL FRAMEWORK
The report provides a detailed overview of the industry including both qualitative and quantitative information. It provides an overview and forecast of the global craft soda drink market based on various segments. It also provides market size and forecast estimates from the year 2020 to 2028 with respect to five major regions, namely; North America, Europe, Asia-Pacific (APAC), Middle East and Africa (MEA) and South America. The craft soda drink market by each region is later sub-segmented by respective countries and segments. The report covers the analysis and forecast of 18 countries globally along with the current trend and opportunities prevailing in the region.
The report analyzes factors affecting the craft soda drink market from both demand and supply side and further evaluates market dynamics affecting the market during the forecast period i.e., drivers, restraints, opportunities, and future trend. The report also provides exhaustive PEST analysis for all five regions namely; North America, Europe, APAC, MEA, and South America after evaluating political, economic, social and technological factors affecting the craft soda drink market in these regions.
MARKET PLAYERS
The reports cover various key developments in the global craft soda drink market. Various companies are focusing growth strategies such as product launches, product approvals and others such as patents and events. Some of the growth strategies activities witnessed in the market were acquisitions, and partnership & collaborations. These activities have paved way for the expansion of business and customer base of market players. The market payers from craft soda drink market are anticipated to lucrative growth opportunities in the future with the rising demand for craft soda drink in the global market. Below mentioned is the list of few companies engaged in the craft soda drink market.
The report also includes the profiles of key companies along with their SWOT analysis and market strategies in the craft soda drink market. In addition, the report focuses on leading industry players with information such as company profiles, components, and services offered, financial information of the last 3 years, the key development in the past five years.
- Appalachian Brewing Co.
- Boylan Bottling Co.
- Crooked Beverage Co.
- Jones Soda Co.
- PepsiCo, Inc.
- Reed's Inc.
- SIPP eco beverage co., Inc.
- The Coca-Cola Company
- The Original Craft Soda Company
- Wild Poppy Company
The Insight Partner's dedicated research and analysis team consist of experienced professionals with advanced statistical expertise and offer various customization options in the existing study.