Craft sodas are specialty drinks which are manufactured in small batches. They contain all-natural ingredients with variation in natural flavors such as root beer, ginger ale, and crème soda; fruit varieties like orange and cherry; and include natural sweeteners such as pure cane sugar, honey, and stevia, among others. They are mainly available in bottles and cans across the globe.
The global craft soda market has been segregated, by category,
into conventional and organic. The conventional segment is expected to dominate
the global craft soda market during the assessment period. However, the organic
segment is expected to grow at a higher CAGR during the forecast period owing
to the rising preference of consumers for organic products. The awareness
towards the benefits of organic products is expected to drive the growth of the
segment.
The global craft soda market has been segregated, by packaging
type, into bottles and cans. The bottles segment is expected to dominate the
global craft soda market during the assessment period. However, the cans
segment is expected to grow at the highest CAGR during the forecast period
owing to its on-the-go convenience.
Regional Analysis
On the basis of region, the global craft soda market has been
segmented by North America, Europe, Asia-Pacific, and RoW. North America is
expected to dominate the global craft soda market. Also, the growing demand for
organic craft soda in the US is projected to further assist the growth of the
market in this region. Europe is also estimated to hold a prominent share in
the global craft soda market with growing demand for craft beverages.
The craft soda market in Asia-Pacific is expected to grow
rapidly with growing preference for flavored carbonated drinks among the
consumers. Emerging markets such as China, India, and Australia are projected
to majorly contribute to the growth of the craft soda market in this region.
Manufacturers have a high growth potential in these regions to penetrate their
products in the untapped markets.
Key Players
Some of the key players in the global craft soda market are Dr
Pepper Snapple Group, Inc (US), Appalachian Brewing Company (US), Peak Drive
Beverages (Canada), Cannonborough Beverage Co. (US), Five Star Soda (US), Brix
Soda Company (US), Phillips Soda Works (Canada), Bucksnort Soda Company ltd.
(US), Tuxen Brewing Company (Denmark), Batch Craft Soda (US)
Complete Report Details @ https://www.marketresearchfuture.com/reports/craft-soda-market-7370
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