Craft Soda Market Analysis, Size, Growth, Share & Forecast to 2025 | Grand View Research Inc.
“Craft Soda Market Size Worth $732.4 Million By 2025 | CAGR: 3.5%�
The global craft soda market size is projected to reach USD 732.4 million by 2025, expanding at a CAGR of 3.5%, according to a new report by Grand View Research, Inc. Mounting social awareness of the health problems caused by sugary as well as alcoholic drinks is one of the major drivers for this industry. The market is reforming itself by shifting its alignment from carbonated soft drinks containing artificial sweeteners to natural, sweet-laden, low-calorie beverages. While traditional soft drinks are under review by nutritionists, craft soda, also known as specialty, small-batch, or artisanal soda, is gaining share owing to its finest and natural ingredients, unique packaging, creative flavors, and its strong local presence. Rising trend of gourmet food as well as wellness food is expected to be the vital factor for increasing consumption of craft sodas. Strict government guidelines for artificial ingredients and labeling & packaging along with initiatives to build interest among major players by increasing trade promotion and foreign investments are anticipated to propel the product demand. Rising awareness of consumers about unhealthy ingredients used in soft drinks is encouraging craft soda manufacturers to produce beverages containing organic & natural ingredients.
Introduction of new product lines by craft soda producers is likely to enable consumers to choose products from extensive product line according to their specific choices. The broadening of distribution channels has led to easy availability for the users, which is acting as a driver for this industry. Marketing plays a vital role in sustainability and organizational sales. Supermarkets & hypermarkets emerged as the largest distribution channel for companies on account of their global footprint, brand value, and huge customer base.
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Further key findings from the report suggest: The global craft soda market accounted for USD 537.9 million in 2016 and is anticipated to progress at a healthy CAGR of 3.5% over the forecast period
Natural craft soda occupied the largest market share in 2016 owing to the rising health concerns and high market penetration
North America was the largest regional market in 2016 owing to high standard of living of the population and developed economy
Supermarkets & hypermarkets was the most dominant distribution channel for this market owing to the increasing distribution by mainstream retailers
Major players include Jones Soda Co., Reed’s, Inc., Appalachian Brewing Co., Boylan Bottling Co., and SIPP eco beverage co. Inc.
Mergers and acquisitions, R&D activities, product launches, and technological collaborations are among the major strategies adopted by market players for gaining competitive advantage
Grand View Research has segmented the global craft soda market on the basis of product type, target consumer, distribution channel, and region: Craft Soda Product Type Outlook (Volume, Million Liters; Revenue, USD Million; 2014 - 2025) Natural
Organic
Craft Soda Target Consumer Outlook (Volume, Million Liters; Revenue, USD Million; 2014 2025) Teenagers
Young Adults
Middle-Aged Adults
Craft Soda Distribution Channel Outlook (Volume, Million Liters; Revenue, USD Million; 2014 2025) Supermarkets & Hypermarkets
Food Service and Drinking places
Convenience & Specialty Stores
Online Stores
Other
Craft Soda Regional Outlook (Volume, Million Liters; Revenue, USD Million; 2014 - 2025) North America o
U.S.
Europe o
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Germany
o
UK
o
France
Asia Pacific o
China
o
Oceania
o
Japan
Central & South America
Middle East & Africa
Table of Contents Chapter 1 Methodology and Scope 1.1 Research methodology 1.2 Research scope and assumptions 1.3 List of data sources Chapter 2 Executive Summary 2.1 Craft soda market - Industry snapshot and key buying criteria Chapter 3 Craft Soda: Market Variables, Trends, and Scope 3.1 Market segmentation & scope 3.2 Value chain analysis 3.3 Market dynamics 3.3.1 Technological trends 3.3.2 Regulatory Trends 3.3.3 Raw Material Trends 3.3.4 Distribution Channel Trends 3.3.5 Market driver analysis 3.3.5.1 Increase in disposable income and population 3.3.5.2 Development in packaging & labelling technologies 3.3.5.3 Increasing distribution by retailers 3.3.5.4 Rising health concerns and growing awareness regarding organic products 3.3.6 Market restraint analysis 3.3.6.1 Stringent regulatory norms Continue…………..
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About Grand View Research, Inc.: Grand View Research, Inc. is a U.S. based market y provides syndicated research reports, customized research reports, and consulting services. To help clients make informed business decisions, the company offers market intelligence studies ensuring relevant and factbased research across a range of industries including technology, chemicals, materials, healthcare and energy. Contact: Sherry James Corporate Sales Specialist, USA Grand View Research, Inc Phone: 1-415- 349-0058 Toll Free: 1-888- 202-9519 Email:sales@grandviewresearch.com For More Information:http://www.grandviewresearch.com
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