Craft Soda Market Size Worth $1,002.4 Million By 2030 | CAGR: 5.04%

The Craft Soda market size is expected to reach USD 1,002.4 million by 2030, according to a new study by Polaris Market Research. The report “By Flavor (Cola, Tropical Fruits, Berries); By Packaging (Glass, Cans, Plastic); By Distribution Channel (On-trade, Off-trade); By Region; Segment Forecasts, 2022 - 2030” gives a detailed insight into current market dynamics and provides analysis on future market growth.

The growing popularity of healthy hydration products and increasing consumer preference towards health-oriented beverages such as craft soda and other functional drinks are the major factors driving the overall market growth. Rising awareness among consumers about the health benefits of low-calorie drinks, which are manufactured with natural ingredients, is the key factor that is expected to drive the demand for healthy hydration drinks, which in turn is anticipated to drive the overall market’s growth during the forecast period.

In addition to this, the rising innovations by key market players in the development of new products like sugar-free and low-calorie drinks are further estimated to drive the demand for craft soda beverages.

The thriving food and beverage industry in various parts of the world is expected to become a major driving force for the market over the forecast period. There has been a growing awareness among consumers in various parts of the world towards the consumption of healthy and nutritious food products, which include low-calorie beverages as well. Companies and Institutions today have begun to realize that there is a huge and widespread awareness among the consumer regarding their food/drink choices.

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In developing countries such as the Middle East and Africa, companies have a great opportunity to enter the market in these countries, consumers are getting more aware of the health benefits of flavored tropical juices, and they are changing their preferences slowly. By analyzing this trend, it can be said that developing countries have a huge opportunity. Moreover, increasing demand for flavored tropical juices with less sugar content can offer new market opportunities to those market players that can understand consumer preferences and develop flavored tropical juices and beverages accordingly.

Craft Soda Market Report Highlights

• The cola segment is anticipated to grow rapidly over the forecast period owing to the growing demand for soda-based soft beverages among the younger generation.
• Glass Packaging accounted for a major global revenue share, accelerated by their sustainable packaging properties. Additionally, the ban on single-use plastic across various countries further drives the demand for glass-based packaging options worldwide.
• On-trade distribution channel is expected to hold a significant market share over the forecast period due to the rising consumption of soda drinks in pubs, cafes, nightclubs, and hotels.
• North America garnered the largest revenue share due to increasing mainstream retailers, rising health concerns coupled with shifting preference towards low-calorie drinks.
• The market players include Jones Soda, Appalachian Brewing, Reed’s., PepsiCo, Original Craft Soda, Coca-Cola, Crooked Beverage, SIPP eco beverage, Boylan Bottling, Wild Poppy Company, Tuxen Brewing, Five Star Soda, Batch Craft Soda, Brooklyn Organics, and Dry Soda.

Polaris Market Research has segmented the Craft Soda market report based on Flavor, Packaging, Distribution Channel and Region

Craft Soda, Flavor Outlook (Revenue - USD Million, 2018 - 2030)

• Cola
• Tropical Fruits
• Berries

Craft Soda, Packaging Outlook (Revenue - USD Million, 2018 - 2030)

• Glass
• Cans
• Plastic

Craft Soda, Distribution Channel Outlook (Revenue - USD Million, 2018 - 2030)

• On-trade
• Off-trade

Craft Soda Market, Regional Outlook (Revenue - USD Million, 2018 - 2030)

• North America
  • U.S
  • Canada
• Europe
  • Germany
  • UK
  • France
  • Italy
  • Spain
  • Russia
  • Netherlands
• Asia Pacific
  • China
  • India
  • Japan
  • South Korea
  • Indonesia
  • Malaysia
• Latin America
  • Argentina
  • Brazil
  • Mexico
• Middle East & Africa
  • UAE
  • Saudi Arabia
  • Israel
  • South Africa