Craft Soda Market size was valued at US$ 617.41 Mn. in 2022 and the total Craft Soda revenue is expected to grow at 3.5% through 2023 to 2029, reaching nearly US$ 785.52 Mn.
Craft Soda Market Overview:
The latest study from Maximize Market Research, Craft Soda Market 2022-2029, is helpful in understanding the market’s competitors. The study takes a wide and basic look at the market, as well as a look into subjective variables that could give readers valuable business insights. The study includes a market overview that covers the value chain structure, regional analysis, applications, market size, and forecast (2022-2029). The study will be used to get a more accurate assessment of the existing and future state of the global Craft Soda market.
Market Scope:
Throughout the projected period, the study analyses a variety of factors, including worldwide Craft Soda market growth, consumer volume, market trends, and corporate pricing structures, in order to provide an analytical evaluation of the industry. The report provides in-depth analysis of the market’s complexities. Market features, product differentiation analysis, market size, client landscape, and regional landscape are all included in the research. The report considers development direction, current trends, breakthroughs, predictions, and the competitive environment in its research. This market has been explored in a variety of categories based on profitability and industrial base.
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Segmentation:
By Packaging
the Glass bottle segment is expected to grow at the highest rate during the forecast period. Soda in a glass bottle will last longer because it is difficult for CO2 to escape through it. When users open the bottle, the soda will not go flat and will taste delicious. The only disadvantage of using glass bottles is that they are more expensive and don’t hold as much soda.
By Product Type
In 2022, the organic craft soda sector led the market and had a 62% market share. Demand for organic craft soda is rising as a result of rising health concerns and strong market penetration. A non-traditionally flavoured soft drink called Organic Craft soda is produced for people looking for alternatives. Customers that are more concerned with their health are predicted to drive the industry. A craft soda product manufactured with natural components is thought to be a healthier option than a typical soft drink made with artificial additives by about 60% of Americans.
By Distribution Channel
With 58.2% of the market share in 2022, the indirect segment led the Craft Soda market. This increase can be ascribed to e-commerce websites becoming more and more popular with consumers worldwide. Customers may more easily obtain a variety of craft sodas in different sorts and flavours thanks to the indirect category.
by Packaging
• Cans
• Glass
• Others
by Product Type
• Conventional
• Organic
by Flavor
• Passion Fruit
• Root Beer
• Orange
• Tropical Fruits
• Berries
• Others
by Distribution Channel
• Indirect
• Direct
Key Players:
It then goes into great detail on the major rivals in the global Craft Soda market, as well as developing companies, including revenue, demand, high-quality product producers, sales, and service providers. The study also looks at capacity utilisation, raw material sources, import-export, the value chain, pricing structure, and the industrial supply chain. This report features the following players:
• Appalachian Brewing Co
• SIPP eco beverage co., Inc.
• Wild Poppy Company
• Boylan Bottling Co.
• Tuxen Brewing Co.
• Justcraft Soda
• Five Star Soda
• Batch Craft Soda
• Brooklyn Organics
• Blue Sky
• Dry Soda Co
• Excel Bottling
• Bai brands
• Reed’s
• Pepsi
• Jones Soda Co.
• The Original Craft Soda Company
• Crooked Beverage Co
• The Coca-Cola Company
• Q Drinks
• Crooked Beverage Co.
• Dr Pepper Snapple Group, Inc
• Peak Drive Beverages
• Cannonborough Beverage Co.
• Phillips Soda Works
• Gus
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Regional Analysis:
Based on various types of commodities, applications, end-users, and nations, among others, the research gives detailed insights into multiple development prospects and obstacles in the above-mentioned locations. Key elements of the global Craft Soda market, such as sales growth, product pricing and analysis, growth potential, and solutions for addressing market challenges in certain areas, are also included in the study.
COVID-19 Impact Analysis on Craft Soda Market:
COVID-19 is a global public health emergency that has damaged almost every firm, and the long-term effects are likely to have an impact on industry growth during the projection period. Our ongoing research widens our research methods to incorporate basic COVID-19 problems as well as possible future steps. The study considers changes in consumer behaviour and demand, purchasing patterns, the dynamics of modern market forces, and significant government efforts while analysing COVID-19. The updated research includes market insights, analysis, estimates, and predictions based on COVID-19’s impact.
Key Questions Answered in the Craft Soda Market Report are:
- Who are the key players in the Craft Soda industry?
- In terms of the region, what is the potential market for Craft Soda?
- In the next five years, which application area of Craft Soda is likely to develop at a substantial rate in the market?
- What opportunities do new market entrants have?
- How big will the Craft Soda market be in 2029?
- What are the Craft Soda market’s growth prospects?
- In the Craft Soda market report, what year is considered the base year?
- In the Craft Soda market, which region has the biggest market share?
- What elements do you think will drive the Craft Soda market?
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