The craft soda market is estimated to clock a revenue of US$ 742.8 million in 2024. Craft soda producers and distributors can expect a modest CAGR of 4.90% through 2034, with a forecast valuation of US$ 1,200.8 million by 2034.
Attributes | Key Statistics |
---|---|
Expected Base Year Value (2024) | US$ 742.8 million |
Anticipated Value (2034) | US$ 1,200.8 million |
Estimated Growth (2024 to 2034) | 4.9% |
Don't pay for what you don't need
Customize your report by selecting specific countries or regions and save 30%!
Attributes | Details |
---|---|
Craft Soda Market Value (2019) | US$ 601.6 million |
Craft Soda Market Value (2023) | US$ 710.4 million |
Historical Growth Rate % (2019 to 2023) | 4.2% |
The craft soda market surged from US$ 601.6 million in 2019 to US$ 710.4 million in 2023. The market experienced a growth trajectory of 4.2% CAGR during this period. New favor launches by well-entrenched players contributed to raised market value in the historical period. Additional factors pushing the consumption of craft soda are:
The market is set to register a CAGR of 4.9% through 2034 to reach US$ 1,200.8 million by 2034 from US$ 742.8 million in 2024. The growing popularity of craft soda, as consumers put health first, is pushing product sales. Other factors steering market growth are as follows:
Historical CAGR % (2019 to 2023) | 4.2% |
---|---|
Forecast CAGR % (2024 to 2034) | 4.9% |
Country | The United Kingdom |
---|---|
Forecast CAGR % (2024 to 2034) | 5.2% |
The United Kingdom craft soda market is estimated to register a relatively higher CAGR of 5.2% than their counterparts through 2034. Factors leading the market expansion are as follows:
Country | Germany |
---|---|
Forecast CAGR % (2024 to 2034) | 4.5% |
The craft soda market in Germany is expected to expand at a CAGR of 4.5% through 2034. The following factors are propelling demand for craft soda in Germany:
Country | The United States |
---|---|
Forecast CAGR % (2024 to 2034) | 3.7% |
The United States craft soda market is forecast to account for a CAGR of 3.7% through 2034. Factors below are steering market growth for this product:
Country | India |
---|---|
Forecast CAGR % (2024 to 2034) | 4.7% |
The India craft soda market is anticipated to account for a growth rate of 4.7% through 2034. India is expected to play a key role in uplifting the position of Asia Pacific in the global market. Given below are the leading factors catalyzing sales of craft soda in India:
Country | China |
---|---|
Forecast CAGR % (2024 to 2034) | 4.2% |
The craft soda market in China is projected to rise at a CAGR of 4.2% through 2034. The market is expected to expand owing to:
The cola segment in the flavor category is estimated to acquire a total of 38.4% in 2024. Players target the young generation and millennials by infusing cola flavor in carbonated soft drinks. This can be credited to the authentic, distinctive, and non-conventional taste of cola flavor, which attracts Gen Z. By recognizing recent consumer trends, players are concocting healthier formulations for craft soda that introduce nutritive or organic sweeteners.
Leading Flavor Segment | Cola |
---|---|
Value Share % (2024) | 38.4% |
In the past, Coca-Cola returned to its handcrafted heritage by releasing two new flavors. These crafted beverages combined Coca-Cola’s timeless taste and flavors of peach and raspberry. This move was motivated by the company’s drive to build upon craft sodas' popularity. Going forward, players in this space are expected to curate innovative beverage experiences to satisfy consumer appetites.
The B2C segment is expected to acquire a massive share of the global industry. As per recent estimates, the B2C segment is expected to garner a 72.4% market share in 2024.
Leading Distribution Channel | B2C |
---|---|
Value Share % (2024) | 72.4% |
The rise in delivery, online ordering, and in-store pickup has driven the segment's growth. Another key driving B2C channel sales is higher control over product pricing and branding. This is assisting brands to build a stronger brand identity and drive higher profits.
Get the data you need at a Fraction of the cost
Personalize your report by choosing insights you need
and save 40%!
Established participants in the craft soda market enjoy an upper hand in terms of brand-loyal consumers. As customers significantly opt for craft sodas based on trust and familiarity, these companies are projected to observe higher sales projections. Besides, new and old players are leveraging heightened demand for authentic and flavorful beverages available in premium price ranges. Consequently, companies are adding new flavored concoctions like sparkling coconut water, ready-to-drink teas and coffees, and vinegar drinks to their portfolios.
Based on consumer insights, companies also offer eco-friendly packaging and craft sodas composed of fair-trade or upcycled ingredients. Leading firms are imbibing all-natural products and ingredients that give immediate energy spike or other specific benefits. Growing demand for these functional benefits is expected to fuel revenue from these craft soda varieties.
Players are also expected to observe growth by employing partnerships, acquisitions, mergers, and geographical expansions.
News Featuring Recent Developments
The craft soda market is expected to be worth US$ 742.8 million in 2024.
The market is predicted to expand at a CAGR of 4.90% through 2034.
The market is anticipated to account for US$ 1,200.8 million by 2034.
The United Kingdom is predicted to provide high growth opportunities.
Cola is a highly preferred flavor by consumers.
1. Executive Summary
1.1. Global Market Outlook
1.2. Demand-side Trends
1.3. Supply-side Trends
1.4. Technology Roadmap Analysis
1.5. Analysis and Recommendations
2. Market Overview
2.1. Market Coverage / Taxonomy
2.2. Market Definition / Scope / Limitations
3. Market Background
3.1. Market Dynamics
3.1.1. Drivers
3.1.2. Restraints
3.1.3. Opportunity
3.1.4. Trends
3.2. Scenario Forecast
3.2.1. Demand in Optimistic Scenario
3.2.2. Demand in Likely Scenario
3.2.3. Demand in Conservative Scenario
3.3. Opportunity Map Analysis
3.4. Product Life Cycle Analysis
3.5. Supply Chain Analysis
3.5.1. Supply Side Participants and their Roles
3.5.1.1. Producers
3.5.1.2. Mid-Level Participants (Traders/ Agents/ Brokers)
3.5.1.3. Wholesalers and Distributors
3.5.2. Value Added and Value Created at Node in the Supply Chain
3.5.3. List of Raw Material Suppliers
3.5.4. List of Existing and Potential Buyer’s
3.6. Investment Feasibility Matrix
3.7. Value Chain Analysis
3.7.1. Profit Margin Analysis
3.7.2. Wholesalers and Distributors
3.7.3. Retailers
3.8. PESTLE and Porter’s Analysis
3.9. Regulatory Landscape
3.9.1. By Key Regions
3.9.2. By Key Countries
3.10. Regional Parent Market Outlook
3.11. Production and Consumption Statistics
3.12. Import and Export Statistics
4. Global Market Analysis 2019 to 2023 and Forecast, 2024 to 2034
4.1. Historical Market Size Value (US$ Million) & Volume (Litres) Analysis, 2019 to 2023
4.2. Current and Future Market Size Value (US$ Million) & Volume (Litres) Projections, 2024 to 2034
4.2.1. Y-o-Y Growth Trend Analysis
4.2.2. Absolute $ Opportunity Analysis
5. Global Market Analysis 2019 to 2023 and Forecast 2024 to 2034, By Flavor
5.1. Introduction / Key Findings
5.2. Historical Market Size Value (US$ Million) & Volume (Litres) Analysis By Flavor, 2019 to 2023
5.3. Current and Future Market Size Value (US$ Million) & Volume (Litres) Analysis and Forecast By Flavor, 2024 to 2034
5.3.1. Cola
5.3.2. Tropical Fruits
5.3.3. Berries
5.3.4. Others
5.4. Y-o-Y Growth Trend Analysis By Flavor, 2019 to 2023
5.5. Absolute $ Opportunity Analysis By Flavor, 2024 to 2034
6. Global Market Analysis 2019 to 2023 and Forecast 2024 to 2034, By Packaging
6.1. Introduction / Key Findings
6.2. Historical Market Size Value (US$ Million) & Volume (Litres) Analysis By Packaging, 2019 to 2023
6.3. Current and Future Market Size Value (US$ Million) & Volume (Litres) Analysis and Forecast By Packaging, 2024 to 2034
6.3.1. Glass
6.3.2. Cans
6.3.3. Plastic
6.3.4. Others
6.4. Y-o-Y Growth Trend Analysis By Packaging, 2019 to 2023
6.5. Absolute $ Opportunity Analysis By Packaging, 2024 to 2034
7. Global Market Analysis 2019 to 2023 and Forecast 2024 to 2034, By Distribution Channel
7.1. Introduction / Key Findings
7.2. Historical Market Size Value (US$ Million) & Volume (Litres) Analysis By Distribution Channel, 2019 to 2023
7.3. Current and Future Market Size Value (US$ Million) & Volume (Litres) Analysis and Forecast By Distribution Channel, 2024 to 2034
7.3.1. On-Trade
7.3.2. Off-Trade
7.4. Y-o-Y Growth Trend Analysis By Distribution Channel, 2019 to 2023
7.5. Absolute $ Opportunity Analysis By Distribution Channel, 2024 to 2034
8. Global Market Analysis 2019 to 2023 and Forecast 2024 to 2034, By Region
8.1. Introduction
8.2. Historical Market Size Value (US$ Million) & Volume (Litres) Analysis By Region, 2019 to 2023
8.3. Current Market Size Value (US$ Million) & Volume (Litres) Analysis and Forecast By Region, 2024 to 2034
8.3.1. North America
8.3.2. Latin America
8.3.3. Western Europe
8.3.4. Eastern Europe
8.3.5. South Asia and Pacific
8.3.6. East Asia
8.3.7. Middle East and Africa
8.4. Market Attractiveness Analysis By Region
9. North America Market Analysis 2019 to 2023 and Forecast 2024 to 2034, By Country
9.1. Historical Market Size Value (US$ Million) & Volume (Litres) Trend Analysis By Market Taxonomy, 2019 to 2023
9.2. Market Size Value (US$ Million) & Volume (Litres) Forecast By Market Taxonomy, 2024 to 2034
9.2.1. By Country
9.2.1.1. USA
9.2.1.2. Canada
9.2.2. By Flavor
9.2.3. By Packaging
9.2.4. By Distribution Channel
9.3. Market Attractiveness Analysis
9.3.1. By Country
9.3.2. By Flavor
9.3.3. By Packaging
9.3.4. By Distribution Channel
9.4. Key Takeaways
10. Latin America Market Analysis 2019 to 2023 and Forecast 2024 to 2034, By Country
10.1. Historical Market Size Value (US$ Million) & Volume (Litres) Trend Analysis By Market Taxonomy, 2019 to 2023
10.2. Market Size Value (US$ Million) & Volume (Litres) Forecast By Market Taxonomy, 2024 to 2034
10.2.1. By Country
10.2.1.1. Brazil
10.2.1.2. Mexico
10.2.1.3. Rest of Latin America
10.2.2. By Flavor
10.2.3. By Packaging
10.2.4. By Distribution Channel
10.3. Market Attractiveness Analysis
10.3.1. By Country
10.3.2. By Flavor
10.3.3. By Packaging
10.3.4. By Distribution Channel
10.4. Key Takeaways
11. Western Europe Market Analysis 2019 to 2023 and Forecast 2024 to 2034, By Country
11.1. Historical Market Size Value (US$ Million) & Volume (Litres) Trend Analysis By Market Taxonomy, 2019 to 2023
11.2. Market Size Value (US$ Million) & Volume (Litres) Forecast By Market Taxonomy, 2024 to 2034
11.2.1. By Country
11.2.1.1. Germany
11.2.1.2. UK
11.2.1.3. France
11.2.1.4. Spain
11.2.1.5. Italy
11.2.1.6. Rest of Western Europe
11.2.2. By Flavor
11.2.3. By Packaging
11.2.4. By Distribution Channel
11.3. Market Attractiveness Analysis
11.3.1. By Country
11.3.2. By Flavor
11.3.3. By Packaging
11.3.4. By Distribution Channel
11.4. Key Takeaways
12. Eastern Europe Market Analysis 2019 to 2023 and Forecast 2024 to 2034, By Country
12.1. Historical Market Size Value (US$ Million) & Volume (Litres) Trend Analysis By Market Taxonomy, 2019 to 2023
12.2. Market Size Value (US$ Million) & Volume (Litres) Forecast By Market Taxonomy, 2024 to 2034
12.2.1. By Country
12.2.1.1. Poland
12.2.1.2. Russia
12.2.1.3. Czech Republic
12.2.1.4. Romania
12.2.1.5. Rest of Eastern Europe
12.2.2. By Flavor
12.2.3. By Packaging
12.2.4. By Distribution Channel
12.3. Market Attractiveness Analysis
12.3.1. By Country
12.3.2. By Flavor
12.3.3. By Packaging
12.3.4. By Distribution Channel
12.4. Key Takeaways
13. South Asia and Pacific Market Analysis 2019 to 2023 and Forecast 2024 to 2034, By Country
13.1. Historical Market Size Value (US$ Million) & Volume (Litres) Trend Analysis By Market Taxonomy, 2019 to 2023
13.2. Market Size Value (US$ Million) & Volume (Litres) Forecast By Market Taxonomy, 2024 to 2034
13.2.1. By Country
13.2.1.1. India
13.2.1.2. Bangladesh
13.2.1.3. Australia
13.2.1.4. New Zealand
13.2.1.5. Rest of South Asia and Pacific
13.2.2. By Flavor
13.2.3. By Packaging
13.2.4. By Distribution Channel
13.3. Market Attractiveness Analysis
13.3.1. By Country
13.3.2. By Flavor
13.3.3. By Packaging
13.3.4. By Distribution Channel
13.4. Key Takeaways
14. East Asia Market Analysis 2019 to 2023 and Forecast 2024 to 2034, By Country
14.1. Historical Market Size Value (US$ Million) & Volume (Litres) Trend Analysis By Market Taxonomy, 2019 to 2023
14.2. Market Size Value (US$ Million) & Volume (Litres) Forecast By Market Taxonomy, 2024 to 2034
14.2.1. By Country
14.2.1.1. China
14.2.1.2. Japan
14.2.1.3. South Korea
14.2.2. By Flavor
14.2.3. By Packaging
14.2.4. By Distribution Channel
14.3. Market Attractiveness Analysis
14.3.1. By Country
14.3.2. By Flavor
14.3.3. By Packaging
14.3.4. By Distribution Channel
14.4. Key Takeaways
15. Middle East and Africa Market Analysis 2019 to 2023 and Forecast 2024 to 2034, By Country
15.1. Historical Market Size Value (US$ Million) & Volume (Litres) Trend Analysis By Market Taxonomy, 2019 to 2023
15.2. Market Size Value (US$ Million) & Volume (Litres) Forecast By Market Taxonomy, 2024 to 2034
15.2.1. By Country
15.2.1.1. GCC Countries
15.2.1.2. South Africa
15.2.1.3. Israel
15.2.1.4. Rest of MEA
15.2.2. By Flavor
15.2.3. By Packaging
15.2.4. By Distribution Channel
15.3. Market Attractiveness Analysis
15.3.1. By Country
15.3.2. By Flavor
15.3.3. By Packaging
15.3.4. By Distribution Channel
15.4. Key Takeaways
16. Key Countries Market Analysis
16.1. USA
16.1.1. Pricing Analysis
16.1.2. Market Share Analysis, 2023
16.1.2.1. By Flavor
16.1.2.2. By Packaging
16.1.2.3. By Distribution Channel
16.2. Canada
16.2.1. Pricing Analysis
16.2.2. Market Share Analysis, 2023
16.2.2.1. By Flavor
16.2.2.2. By Packaging
16.2.2.3. By Distribution Channel
16.3. Brazil
16.3.1. Pricing Analysis
16.3.2. Market Share Analysis, 2023
16.3.2.1. By Flavor
16.3.2.2. By Packaging
16.3.2.3. By Distribution Channel
16.4. Mexico
16.4.1. Pricing Analysis
16.4.2. Market Share Analysis, 2023
16.4.2.1. By Flavor
16.4.2.2. By Packaging
16.4.2.3. By Distribution Channel
16.5. Germany
16.5.1. Pricing Analysis
16.5.2. Market Share Analysis, 2023
16.5.2.1. By Flavor
16.5.2.2. By Packaging
16.5.2.3. By Distribution Channel
16.6. UK
16.6.1. Pricing Analysis
16.6.2. Market Share Analysis, 2023
16.6.2.1. By Flavor
16.6.2.2. By Packaging
16.6.2.3. By Distribution Channel
16.7. France
16.7.1. Pricing Analysis
16.7.2. Market Share Analysis, 2023
16.7.2.1. By Flavor
16.7.2.2. By Packaging
16.7.2.3. By Distribution Channel
16.8. Spain
16.8.1. Pricing Analysis
16.8.2. Market Share Analysis, 2023
16.8.2.1. By Flavor
16.8.2.2. By Packaging
16.8.2.3. By Distribution Channel
16.9. Italy
16.9.1. Pricing Analysis
16.9.2. Market Share Analysis, 2023
16.9.2.1. By Flavor
16.9.2.2. By Packaging
16.9.2.3. By Distribution Channel
16.10. Poland
16.10.1. Pricing Analysis
16.10.2. Market Share Analysis, 2023
16.10.2.1. By Flavor
16.10.2.2. By Packaging
16.10.2.3. By Distribution Channel
16.11. Russia
16.11.1. Pricing Analysis
16.11.2. Market Share Analysis, 2023
16.11.2.1. By Flavor
16.11.2.2. By Packaging
16.11.2.3. By Distribution Channel
16.12. Czech Republic
16.12.1. Pricing Analysis
16.12.2. Market Share Analysis, 2023
16.12.2.1. By Flavor
16.12.2.2. By Packaging
16.12.2.3. By Distribution Channel
16.13. Romania
16.13.1. Pricing Analysis
16.13.2. Market Share Analysis, 2023
16.13.2.1. By Flavor
16.13.2.2. By Packaging
16.13.2.3. By Distribution Channel
16.14. India
16.14.1. Pricing Analysis
16.14.2. Market Share Analysis, 2023
16.14.2.1. By Flavor
16.14.2.2. By Packaging
16.14.2.3. By Distribution Channel
16.15. Bangladesh
16.15.1. Pricing Analysis
16.15.2. Market Share Analysis, 2023
16.15.2.1. By Flavor
16.15.2.2. By Packaging
16.15.2.3. By Distribution Channel
16.16. Australia
16.16.1. Pricing Analysis
16.16.2. Market Share Analysis, 2023
16.16.2.1. By Flavor
16.16.2.2. By Packaging
16.16.2.3. By Distribution Channel
16.17. New Zealand
16.17.1. Pricing Analysis
16.17.2. Market Share Analysis, 2023
16.17.2.1. By Flavor
16.17.2.2. By Packaging
16.17.2.3. By Distribution Channel
16.18. China
16.18.1. Pricing Analysis
16.18.2. Market Share Analysis, 2023
16.18.2.1. By Flavor
16.18.2.2. By Packaging
16.18.2.3. By Distribution Channel
16.19. Japan
16.19.1. Pricing Analysis
16.19.2. Market Share Analysis, 2023
16.19.2.1. By Flavor
16.19.2.2. By Packaging
16.19.2.3. By Distribution Channel
16.20. South Korea
16.20.1. Pricing Analysis
16.20.2. Market Share Analysis, 2023
16.20.2.1. By Flavor
16.20.2.2. By Packaging
16.20.2.3. By Distribution Channel
16.21. GCC Countries
16.21.1. Pricing Analysis
16.21.2. Market Share Analysis, 2023
16.21.2.1. By Flavor
16.21.2.2. By Packaging
16.21.2.3. By Distribution Channel
16.22. South Africa
16.22.1. Pricing Analysis
16.22.2. Market Share Analysis, 2023
16.22.2.1. By Flavor
16.22.2.2. By Packaging
16.22.2.3. By Distribution Channel
16.23. Israel
16.23.1. Pricing Analysis
16.23.2. Market Share Analysis, 2023
16.23.2.1. By Flavor
16.23.2.2. By Packaging
16.23.2.3. By Distribution Channel
17. Market Structure Analysis
17.1. Competition Dashboard
17.2. Competition Benchmarking
17.3. Market Share Analysis of Top Players
17.3.1. By Regional
17.3.2. By Flavor
17.3.3. By Packaging
17.3.4. By Distribution Channel
18. Competition Analysis
18.1. Competition Deep Dive
18.1.1. Jones Soda Co.
18.1.1.1. Overview
18.1.1.2. Product Portfolio
18.1.1.3. Profitability by Market Segments
18.1.1.4. Sales Footprint
18.1.1.5. Strategy Overview
18.1.1.5.1. Marketing Strategy
18.1.1.5.2. Product Strategy
18.1.1.5.3. Channel Strategy
18.1.2. Appalachian Brewing Co.
18.1.2.1. Overview
18.1.2.2. Product Portfolio
18.1.2.3. Profitability by Market Segments
18.1.2.4. Sales Footprint
18.1.2.5. Strategy Overview
18.1.2.5.1. Marketing Strategy
18.1.2.5.2. Product Strategy
18.1.2.5.3. Channel Strategy
18.1.3. Reed’s Inc.
18.1.3.1. Overview
18.1.3.2. Product Portfolio
18.1.3.3. Profitability by Market Segments
18.1.3.4. Sales Footprint
18.1.3.5. Strategy Overview
18.1.3.5.1. Marketing Strategy
18.1.3.5.2. Product Strategy
18.1.3.5.3. Channel Strategy
18.1.4. PepsiCo, Inc.
18.1.4.1. Overview
18.1.4.2. Product Portfolio
18.1.4.3. Profitability by Market Segments
18.1.4.4. Sales Footprint
18.1.4.5. Strategy Overview
18.1.4.5.1. Marketing Strategy
18.1.4.5.2. Product Strategy
18.1.4.5.3. Channel Strategy
18.1.5. The Original Company
18.1.5.1. Overview
18.1.5.2. Product Portfolio
18.1.5.3. Profitability by Market Segments
18.1.5.4. Sales Footprint
18.1.5.5. Strategy Overview
18.1.5.5.1. Marketing Strategy
18.1.5.5.2. Product Strategy
18.1.5.5.3. Channel Strategy
18.1.6. The Coca-Cola Company
18.1.6.1. Overview
18.1.6.2. Product Portfolio
18.1.6.3. Profitability by Market Segments
18.1.6.4. Sales Footprint
18.1.6.5. Strategy Overview
18.1.6.5.1. Marketing Strategy
18.1.6.5.2. Product Strategy
18.1.6.5.3. Channel Strategy
18.1.7. Crooked Beverage Co.
18.1.7.1. Overview
18.1.7.2. Product Portfolio
18.1.7.3. Profitability by Market Segments
18.1.7.4. Sales Footprint
18.1.7.5. Strategy Overview
18.1.7.5.1. Marketing Strategy
18.1.7.5.2. Product Strategy
18.1.7.5.3. Channel Strategy
18.1.8. SIPP eco beverage co. Inc.
18.1.8.1. Overview
18.1.8.2. Product Portfolio
18.1.8.3. Profitability by Market Segments
18.1.8.4. Sales Footprint
18.1.8.5. Strategy Overview
18.1.8.5.1. Marketing Strategy
18.1.8.5.2. Product Strategy
18.1.8.5.3. Channel Strategy
18.1.9. Boylan Bottling Co.
18.1.9.1. Overview
18.1.9.2. Product Portfolio
18.1.9.3. Profitability by Market Segments
18.1.9.4. Sales Footprint
18.1.9.5. Strategy Overview
18.1.9.5.1. Marketing Strategy
18.1.9.5.2. Product Strategy
18.1.9.5.3. Channel Strategy
18.1.10. Wild Poppy Company
18.1.10.1. Overview
18.1.10.2. Product Portfolio
18.1.10.3. Profitability by Market Segments
18.1.10.4. Sales Footprint
18.1.10.5. Strategy Overview
18.1.10.5.1. Marketing Strategy
18.1.10.5.2. Product Strategy
18.1.10.5.3. Channel Strategy
19. Assumptions & Acronyms Used
20. Research Methodology
Explore Food and Beverage Insights
View Reports