Global Craft Soda Market Trends, Applications, Analysis, Growth, and Forecast: 2018 to 2027

MarketResearch.biz delivers in-depth insights on the global craft soda market in its upcoming report titled, “Global Craft Soda Market Trends, Applications, Analysis, Growth, and Forecast: 2018 to 2027”. The global craft soda market is estimated to register a CAGR of X.X% in terms of value during forecast period 2018–2027. The report offers in-depth insights, revenue details, and other vital information regarding the target market, and the various trends, drivers, restraints, opportunities, and threats till 2027. The report offers insightful and detailed information regarding the various key players operating in the market, their financials, supply chain trends, technological innovations, key developments, apart from future strategies, acquisitions & mergers, and market footprint. The global craft soda market report has been segmented on the basis of type, target customer, distribution channel, and region.

Craft soda is flavored carbonated drink widely consumed as powdered soft drinks. Craft soda is a non-traditional flavored soft drink to attract customers looking for alternatives. Most of the company’s manufacture craft soda in small batches with a unique recipe and flavor profiles, ingredients, and packaging.

Growing health concerns and increasing awareness regarding the consumption of organic products is expected to drive the market. Changing customer preferences from sugar loaded drinks to low-sugar or mid-calorie drinks and choosing craft sofa as a substitute for alcoholic drinks is expected to boost the market growth. Rising urbanization in the developing countries and increasing disposable income of the people is expected to have a positive impact on the market growth.

Organic craft soda is expected to be the fastest growing product segment in the global craft soda market. Increasing number of consumers who are concerned towards their health is expected to drive the market. Manufacturers these days have started development of soda line by shifting from nutritive sweeteners to non-nutritive sweeteners that contains low or no calories.

Young adults segment account a large share of the global craft soda market. These days the young adults are becoming diet concessions. Craft soda is consumed as a healthy substitute to soft drinks and diet, growing willingness of the young adults to pay for flavored and authentic beverages is expected to boost the demand for craft soda market over the forecast period.

North America is expected to be the largest region and expected to maintain its dominance over the forecast period owing to people shifting towards healthy drinks along with increasing health concerns is estimated to drive the market in the region.  Europe is expected to be the second largest market owing to acceptance of soda products in the region. Growing demand for natural drinks owing to consumers moving towards an alternative to alcohol is expected to drive the market growth in the region.   

Market segmentation and key players operating in the global market:

Global Craft Soda Market segmentation, by type:

• Natural
• Organic

Global Craft Soda Market segmentation, by target customer:

• Teenagers
• Young adults
• Middle age adults

Global Craft Soda Market segmentation, by distribution channel:

• Supermarkets
• Convenience stores
• Online
• Others

Global Craft Soda Market segmentation by region:

• North America
• Europe
• Asia Pacific
• Latin America
• Middle East & Africa