The Asia Pacific Craft Soda Market would witness market growth of 5.6% CAGR during the forecast period (2022-2028).
Craft soda is an example of a specialty or premium beverage product that is upending the beverage industry and capturing an increasing market share, posing new difficulties for the more established mass producers of beverages. The appeal of artisanal sodas stems from a number of factors. First off, there has been a noticeable shift in consumer preferences, with people becoming more concerned with their health and drawn to higher-end goods. The demand from consumers for goods with natural elements rather than synthetic ones has increased. Additionally, people are becoming more conscious of their sugar intake. By providing beverage goods that satisfy these criteria, one can capitalize on these relatively recent consumer interests to boost beverage sales.
These days, young individuals are increasingly health conscious, and as a result, they favor drinking craft soda as a more wholesome alternative to standard soft drinks and alcoholic beverages. Craft soda is made in relatively small batches, and it can be easily distinguished due to the fact that it is packaged in bottles that contain natural tastes such as root beer, crème soda, ginger soda, and fruity flavors such as cherry, berry, orange, and so on. Crafted soda is a healthy alternative to carbonated drinks as well as to alcoholic beverages, and it is becoming increasingly popular.
Companies are also launching new, healthier soft drinks in the region. In recent decades, Coca-Cola and Pepsi re-entered India's non-alcoholic beverage sector. Since then, many Indian and multinational companies have tried to enter the market. India is a major market for beverage companies. Due to macroeconomic factors, India's non-alcoholic beverage sector is one of the world's fastest-growing. Low per capita consumption suggests a potential volume increase. Annual per capita bottle consumption is likely to rise in the soft drinks sector. These factors are anticipated to contribute to the growth of craft soda over the projection period.
The China market dominated the Asia Pacific Craft Soda Market by Country in 2021, and would continue to be a dominant market till 2028; thereby, achieving a market value of $76.5 million by 2028. The Japan market is experiencing a CAGR of 5% during (2022 - 2028). Additionally, The India market would exhibit a CAGR of 6.2% during (2022 - 2028).
Based on Flavor, the market is segmented into Cola, Tropical Fruits, Berries and Others. Based on Packaging, the market is segmented into Glass, Cans, Plastic and Others. Based on Distribution Channel, the market is segmented into Off-Trade and On-Trade. Based on countries, the market is segmented into China, Japan, India, South Korea, Singapore, Malaysia, and Rest of Asia Pacific.
Free Valuable Insights: The Worldwide Craft Soda Market is Projected to reach USD 901.2 Million by 2028, at a CAGR of 5.2%
The market research report covers the analysis of key stake holders of the market. Key companies profiled in the report include PepsiCo, Inc., The Coca Cola Company, Reed’s, Inc., Jones Soda Co., Appalachian Brewing Company, The Original Craft Soda Company, SIPP eco beverage Co., Inc., and The Boylan Bottling Company.
By Flavor
By Packaging
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