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With a projected 6.1% CAGR between 2023 and 2030, the worldwide craft soda market is projected to expand from a 2022 valuation of USD 681.9 mln.
Craft sodas are becoming more popular as a replacement for regular soft drinks among those who want to drink something that doesn't contain as much sugar and is healthy for them. Over the course of the projected period, this pattern is likely to continue playing a significant role in driving up product demand. To further increase their market share, leading corporations have been introducing novel goods to their existing product lines. The rising demand and sales of craft sodas can be attributed to the burgeoning trend of a better lifestyle and aware eating habits during the COVID-19 pandemic.
Consumers are re-evaluating their diets by adjusting their choices to healthier products and beverages. During the pandemic, customers showed a growing preference for newly released products from brands and companies that made use of inventive packaging. During the COVID-19 pandemic, for instance, premium craft beverage producer Jones Soda Co. released limited-edition "Messages of Hope" cream soda labels featuring inspirational images created by consumers, thereby expanding their product portfolio with innovative descriptive packaging on their bottles in June 2020.
Craft beverages made with natural sweeteners like stevia, agave nectar, and honey are becoming increasingly popular because of their taste and low calorie counts. There have been major shifts in the introduction of new products that use natural sweeteners. Many companies have responded to this need by introducing new, healthier beverage options. Root Beer and Orange Dream zero-sugar canned sodas were introduced by Sprecher Brewing, a company based in the United States, in September 2020. All-natural sweetener blend of monk fruit, stevia, and erythritol is used in the production of these items, which are made entirely by hand. Such breakthroughs are anticipated to bode well for future market growth.
Market operators should expect a wealth of opportunities, including the chance to extend their product offerings as a result of rising customer preference for craft beverages flavored with fruity flavors. Key players are rethinking their marketing approaches to keep up with the ever-shifting demands of their customers. Mango Peach, a new flavor of GuS - Grown-up Soda made by Utmost Brands, Inc., was introduced in June 2022 at the Summer Fancy Food Show in New York City. This product is gluten-free, Kosher, and Non-GMO certified, and it's prepared with luscious mango puree, delicious peach juice, and a touch of cane sugar.
The rate of expansion in the market will be fueled by the increasing number of new products and other innovations introduced by established players. For instance, in June 2022, SkinTe, a business located in the United States, released its sparkling, collagen-infused wellness soda at 1,289 Walmart shops across the country. In this launch the company will offer three types to consumers such as White Tea Ginger, Green Tea Grapefruit, and Hibiscus Vanilla. The market is expected to expand throughout the study period on the back of rising demand for healthy hydration products. Consumers have a growing preference for functional beverages like craft soda. The demand for healthy hydration drinks and the overall market are likely to be driven by consumers' growing familiarity with the health advantages of these beverages, especially those made with natural components and low in calories.
Craft soda's restricted production speed and relatively high price limit its commercial potential. Craft sodas can cost three times as much as regular sodas. They used to come in 6 or 12 packs, but now you may buy them in smaller quantities of 4. For instance, a 4-pack of 12-ounce glass bottles of Dry Sparkling costs USD 5.99, albeit which contains less soda than a standard carbonated beverage.
This report analyzes opportunities in terms of emerging revenue pockets, shifting market regulations, strategic market growth analysis, market size, category market growths, application niches and dominance, product approvals, product launches, geographic expansion, and other factors influencing the global craft soda market. Contact Data Bridge Market Research to receive an Analyst Brief on the craft soda market; our experts will assist you in making educated business decisions that will lead to expansion in this exciting industry.
Report Coverage
Global Craft Soda research report categorizes the market for global based on various segments and regions, forecasts revenue growth, and analyzes trends in each submarket. Global Craft Soda report analyses the key growth drivers, opportunities, and challenges influencing the global market. Recent market developments and Craft Soda competitive strategies such as expansion, product launch and development, partnership, merger, and acquisition have been included to draw the competitive landscape in the market. The report strategically identifies and profiles the key Craft Soda market players and analyses their core competencies in each global market sub-segments.
Key Points Covered in the Report
Competitive Environment:
The research provides an accurate study of the major organisations and companies operating in the global Craft Soda market, along with a comparative evaluation based on their product portfolios, corporate summaries, geographic reach, business plans, Craft Soda market shares in specific segments, and SWOT analyses. A detailed analysis of the firms' recent news and developments, such as product development, inventions, joint ventures, partnerships, mergers and acquisitions, strategic alliances, and other activities, is also included in the study. This makes it possible to assess the level of market competition as a whole.
List of Major Market Participants
Appalachian Brewing Company (U.S.), SIPP ECO BEVERAGE CO, INC (U.S.), Boylan Bottling (U.S.), PepsiCo, Inc (U.S.),, Jones Soda Co.(U.S.), Reed’s Inc. (U.S.), Tuxen Brewing (Denmark), Organic soda pops (U.S.), Batch Craft Soda (U.S.), The Coca-Cola Company (U.S.), C, Dry Soda (U.S.), Craft Soda Co. (U.S.), Keurig Dr Pepper Inc. (U.S.)
Primary Target Market
Market Segment:
This study forecasts global, regional, and country revenue from 2019 to 2030. INFINITIVE DATA EXPERT has segmented the global Craft Soda market based on the below-mentioned segments:
Global Craft Soda Market, By Product Type
Natural
Organic
Global Craft Soda market, By Target Consumer
Teenagers
Young Adults
Middle-Aged
Adults
Global Craft Soda Market, By Distribution Channel
Supermarkets and Hypermarkets
Food Service and Drinking Places
Convenience and Specialty Stores
Online Stores
Other
Global Craft Soda market, Regional Analysis
Craft sodas are becoming more popular as a replacement for regular soft drinks among those who want to drink something that doesn't contain as much sugar and is healthy for them. Over the course of the projected period, this pattern is likely to continue playing a significant role in driving up product demand. To further increase their market share, leading corporations have been introducing novel goods to their existing product lines. The rising demand and sales of craft sodas can be attributed to the burgeoning trend of a better lifestyle and aware eating habits during the COVID-19 pandemic.
Consumers are re-evaluating their diets by adjusting their choices to healthier products and beverages. During the pandemic, customers showed a growing preference for newly released products from brands and companies that made use of inventive packaging. During the COVID-19 pandemic, for instance, premium craft beverage producer Jones Soda Co. released limited-edition "Messages of Hope" cream soda labels featuring inspirational images created by consumers, thereby expanding their product portfolio with innovative descriptive packaging on their bottles in June 2020.
Craft beverages made with natural sweeteners like stevia, agave nectar, and honey are becoming increasingly popular because of their taste and low calorie counts. There have been major shifts in the introduction of new products that use natural sweeteners. Many companies have responded to this need by introducing new, healthier beverage options. Root Beer and Orange Dream zero-sugar canned sodas were introduced by Sprecher Brewing, a company based in the United States, in September 2020. All-natural sweetener blend of monk fruit, stevia, and erythritol is used in the production of these items, which are made entirely by hand. Such breakthroughs are anticipated to bode well for future market growth.
Market operators should expect a wealth of opportunities, including the chance to extend their product offerings as a result of rising customer preference for craft beverages flavored with fruity flavors. Key players are rethinking their marketing approaches to keep up with the ever-shifting demands of their customers. Mango Peach, a new flavor of GuS - Grown-up Soda made by Utmost Brands, Inc., was introduced in June 2022 at the Summer Fancy Food Show in New York City. This product is gluten-free, Kosher, and Non-GMO certified, and it's prepared with luscious mango puree, delicious peach juice, and a touch of cane sugar.
The rate of expansion in the market will be fueled by the increasing number of new products and other innovations introduced by established players. For instance, in June 2022, SkinTe, a business located in the United States, released its sparkling, collagen-infused wellness soda at 1,289 Walmart shops across the country. In this launch the company will offer three types to consumers such as White Tea Ginger, Green Tea Grapefruit, and Hibiscus Vanilla. The market is expected to expand throughout the study period on the back of rising demand for healthy hydration products. Consumers have a growing preference for functional beverages like craft soda. The demand for healthy hydration drinks and the overall market are likely to be driven by consumers' growing familiarity with the health advantages of these beverages, especially those made with natural components and low in calories.
Craft soda's restricted production speed and relatively high price limit its commercial potential. Craft sodas can cost three times as much as regular sodas. They used to come in 6 or 12 packs, but now you may buy them in smaller quantities of 4. For instance, a 4-pack of 12-ounce glass bottles of Dry Sparkling costs USD 5.99, albeit which contains less soda than a standard carbonated beverage.
This report analyzes opportunities in terms of emerging revenue pockets, shifting market regulations, strategic market growth analysis, market size, category market growths, application niches and dominance, product approvals, product launches, geographic expansion, and other factors influencing the global craft soda market. Contact Data Bridge Market Research to receive an Analyst Brief on the craft soda market; our experts will assist you in making educated business decisions that will lead to expansion in this exciting industry.
Report Coverage
Global Craft Soda research report categorizes the market for global based on various segments and regions, forecasts revenue growth, and analyzes trends in each submarket. Global Craft Soda report analyses the key growth drivers, opportunities, and challenges influencing the global market. Recent market developments and Craft Soda competitive strategies such as expansion, product launch and development, partnership, merger, and acquisition have been included to draw the competitive landscape in the market. The report strategically identifies and profiles the key Craft Soda market players and analyses their core competencies in each global market sub-segments.
| REPORT ATTRIBUTES | DETAILS |
|---|---|
| Study Period | 2017-2030 |
| Base Year | 2022 |
| Forecast Period | 2022-2030 |
| Historical Period | 2017-2021 |
| Unit | Value (USD Billion) |
| Key Companies Profiled | Appalachian Brewing Company (U.S.), SIPP ECO BEVERAGE CO, INC (U.S.), Boylan Bottling (U.S.), PepsiCo, Inc (U.S.),, Jones Soda Co.(U.S.), Reed’s Inc. (U.S.), Tuxen Brewing (Denmark), Organic soda pops (U.S.), Batch Craft Soda (U.S.), The Coca-Cola Company (U.S.), C, Dry Soda (U.S.), Craft Soda Co. (U.S.), Keurig Dr Pepper Inc. (U.S.) |
| Segments Covered | • By Product |
| Customization Scope | Free report customization (equivalent to up to 3 analyst working days) with purchase. Addition or alteration to country, regional & segment scope |
Key Points Covered in the Report
- Market Revenue of Craft Soda Market from 2021 to 2030.
- Market Forecast for Craft Soda Market from 2021 to 2030.
- Regional Market Share and Revenue from 2021 to 2030.
- Country Market share within region from 2021 to 2030.
- Key Type and Application Revenue and forecast.
- Company Market Share Analysis, Craft Soda competitive scenario, ranking, and detailed company
profiles. - Market driver, restraints, and detailed COVID-19 impact on Craft Soda
Market
Competitive Environment:
The research provides an accurate study of the major organisations and companies operating in the global Craft Soda market, along with a comparative evaluation based on their product portfolios, corporate summaries, geographic reach, business plans, Craft Soda market shares in specific segments, and SWOT analyses. A detailed analysis of the firms' recent news and developments, such as product development, inventions, joint ventures, partnerships, mergers and acquisitions, strategic alliances, and other activities, is also included in the study. This makes it possible to assess the level of market competition as a whole.
List of Major Market Participants
Appalachian Brewing Company (U.S.), SIPP ECO BEVERAGE CO, INC (U.S.), Boylan Bottling (U.S.), PepsiCo, Inc (U.S.),, Jones Soda Co.(U.S.), Reed’s Inc. (U.S.), Tuxen Brewing (Denmark), Organic soda pops (U.S.), Batch Craft Soda (U.S.), The Coca-Cola Company (U.S.), C, Dry Soda (U.S.), Craft Soda Co. (U.S.), Keurig Dr Pepper Inc. (U.S.)
Primary Target Market
- Market Players of Craft Soda
- Investors
- End-users
- Government Authorities
- Consulting And Research Firm
- Venture capitalists
- Third-party knowledge providers
- Value-Added Resellers (VARs)
Market Segment:
This study forecasts global, regional, and country revenue from 2019 to 2030. INFINITIVE DATA EXPERT has segmented the global Craft Soda market based on the below-mentioned segments:
Global Craft Soda Market, By Product Type
Natural
Organic
Global Craft Soda market, By Target Consumer
Teenagers
Young Adults
Middle-Aged
Adults
Global Craft Soda Market, By Distribution Channel
Supermarkets and Hypermarkets
Food Service and Drinking Places
Convenience and Specialty Stores
Online Stores
Other
Global Craft Soda market, Regional Analysis
- Europe: Germany, Uk, France, Italy, Spain, Russia, Rest of Europe
- The Asia Pacific: China,Japan,India,South Korea,Australia,Rest of Asia Pacific
- South America: Brazil, Argentina, Rest of South America
- Middle East & Africa: UAE, Saudi Arabia, Qatar, South Africa, Rest of Middle East & Africa
About This Research
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Through INFINITIVE Data Expert is a professional Market Research services, I will identify the craft soda market market size, demand & opportunities, growth rate, and target audience with a comprehensive analysis of your competitors.