Global craft soda market is expected to register a substantial CAGR of 5.1% in the forecast period of 2019-2026. They are produced from natural ingredients, containing few or no preservatives, and are brewed in tiny lots. The report includes market shares of craft soda market for Global, Europe, North America, Asia-Pacific, South America and Middle East & Africa.
Market Analysis: Global Craft Soda Market
Global craft soda market is expected to register a substantial CAGR of 5.1% in the forecast period of 2019-2026. The report contains data from the base year of 2018 and the historic year of 2017. The rise in the market value can be attributed to the rapid urbanization coupled with increasing consumption.
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Global craft soda market is highly fragmented and the major players have used various strategies such as new product launches, expansions, agreements, joint ventures, partnerships, acquisitions, and others to increase their footprints in this market. The report includes market shares of craft soda market for Global, Europe, North America, Asia-Pacific, South America and Middle East & Africa.
Market Definition: Global Craft Soda Market
Craft soda is a craft drink that is usually preferred as a healthy alternative to regular carbonated beverages. They are produced from natural ingredients, containing few or no preservatives, and are brewed in tiny lots. They are accessible in combinations of different fruit flavours that are either combined or used alone with traditional soda flavours such as ginger ale, root bear and sarsaparilla among others.
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- Increasing social awareness towards environmental concern may restrict the market growth
- Strict government initiatives regarding energy conservation will hamper the growth of the market in the forecast period
Market Segmentation: Global Craft Soda Market
By Product Type
By Target Consumer
- Young Adults
- Middle-Aged Adults
- Supermarkets & Hypermarkets
- Food Service & Drinking Places
- Convenience & Specialty Stores
- Online Stores
By Packaging Type
Key Market Competitors:
Few of the major competitors currently working in global craft soda market are Reeds inc., PepsiCo, JONES SODA CO., Celeste Cathryn Digital, Appalachian Brewing Company, BOYLAN BOTTLING, crookedbevco, THE COCA-COLA COMPANY, Q Tonic.
Key Insights in the report:
- Competitive analysis of key competitors involved in the market
- Complete analysis of market segmentation and which segments are set to flourish in the forecast period of 2019 to 2026
- Market drivers and restraints analysis along with the analysis of the market structure
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