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
Craft Soda Market Overview:
Craft Soda Market Research Report analyzed the current state in the definitions, classifications, applications, and industry chain structure. The analysis provides unbiased professional commentary on the present market scenario, prior market performance, production and consumption rates, demand and supply ratios, and income generation forecasts for the projected period. The Craft Soda market study also gives information on the leading businesses functioning in the Craft Soda industry's strategic ambitions and company growth strategies. Mergers and acquisitions, government and corporate transactions, partnerships and collaborations, joint ventures, brand promotions, and product launches are among the methods evaluated in the research. To summarise what has been said thus far, the report provides a comprehensive picture of the Craft Soda market in both global and regional markets.
Market Scope:
The analysis contains a current examination of the present Craft Soda market landscape, as well as the most recent trends and drivers, as well as an overview of the entire Craft Soda market environment. Increased demand for Craft Soda is driving the market. The Craft Soda market research examines the technology, end-user, and type categories, among other things, as well as the geographical landscape
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Segmentation:
By Packaging
During the projected period, the Glass bottle segment is anticipated to increase at the fastest rate. Because CO2 cannot easily escape through glass, soda in a glass bottle will remain longer. The soda won't get flat and will taste great when users open the bottle. Glass bottles don't hold as much soda and are more expensive, which is their only drawback.
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 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:
The market research report provides comprehensive quantitative insights that provide a clear picture of the worldwide market potential in a variety of categories, as well as country-by-country analyses in each covered topic. The analysis investigates the market's major influencing factors, as well as complete company profiles of
• 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:
The report's region section also includes specific market affecting elements and changes in market regulation that affect the market's present and future developments. Some of the primary indicators utilized to estimate the market scenario for different regions include new sales, replacement sales, national demographics, regulatory acts, and import-export tariffs. In addition, the existence and availability of global brands, as well as the obstacles they face owing to big or scarce competition from local and domestic brands, as well as the influence of sales channels, are taken into account when offering forecast analysis of national data.
COVID-19 Impact Analysis on Craft Soda Market:
The COVID-19 epidemic has had a significant impact on the global Craft Soda industry. Craft Soda Production facilities were halted due to the global economic slump and a lack of manpower. The COVID-19 pandemic has led to a significant and extended drop in production utilization, and travel prohibitions and facility closures have kept personnel away from their facilities, causing the Craft Soda market to decelerate in 2022. The negative impact of COVID-19 on the Craft Soda market, on the other hand, is expected to be transitory, and the sector is expected to revive significantly by early 2022, owing to increased demand for Craft Soda.
Key Questions Answered in the Craft Soda Market Report are:
- Which segment was responsible for the largest share in the Craft Soda market?
- How was the competitive scenario of the Craft Soda market in 2022?
- Which are the key factors responsible for the Craft Soda market growth?
- Which region held the maximum share in the Craft Soda market in 2022?
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