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