The Latin America, Middle East and Africa Craft Soda Market would witness market growth of 8.3% CAGR during the forecast period (2022-2028).
When making soft drinks, edible acids, flavors, and sweetening agents are all necessary ingredients. Carbonated and non-carbonated drinks can be broken down into several categories. These categories include energy & sports drinks, ready-to-drink (RTD) beverages, soda, flavored water, and diet beverages. The Food and Drug Administration (FDA) ensures that standards are met and that citizens can consume soft drinks without risk.
There is a large variety of sizes available for containers, ranging from small bottles to large containers. In several countries, the legal limit for the amount of alcohol that can be contained in a soft drink is 0.5% of the total volume of the beverage. However, some drinks do contain trace amounts of alcohol. In addition to being sold in specialty soda shops, convenience stores, restaurants, movie theatres, restaurants with casual dining options, vending machines, and bars, such drinks are also commonly available through vending machines throughout these establishments.
The majority of functional beverages contain minerals, herbs, and raw fruits or vegetables in addition to a couple of their other typical ingredients. The health benefits provided by functional beverages are far greater than those provided by the everyday consumption of organic foods. In addition, as a result of the rapid increase in the number of tourists visiting the UAE, the hospitality industry is well-positioned to experience substantial expansion in the near future. This expansion of the hospitality sector would rise the demand for craft soda in the region.
The Brazil market dominated the LAMEA Craft Soda Market by Country in 2021, and would continue to be a dominant market till 2028; thereby, achieving a market value of $18.4 million by 2028. The Argentina market is registering a CAGR of 8.8% during (2022 - 2028). Additionally, The UAE market would showcase a CAGR of 8% 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 Brazil, Argentina, UAE, Saudi Arabia, South Africa, Nigeria, and Rest of LAMEA.
Free Valuable Insights: The Global Craft Soda Market is Predict to reach $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
By Distribution Channel
By Country
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