Published Date: 24-Nov-2022
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According to a new report, published by KBV research, The Global Craft Soda Market size is expected to reach $901.2 million by 2028, rising at a market growth of 5.2% CAGR during the forecast period.
The Tropical Fruits market is showcasing a CAGR of 5.4% during (2022 - 2028). The worldwide industry has seen considerable developments in terms of improvements to products and services. Organizations are launching innovative tastes while keeping consumers' health and well-being in mind in order to address the market's rising challenges and dynamic consumer choices.
The Glass market acquired the high revenue share in the Global Craft Soda Market by Packaging in 2021, thereby, achieving a market value of $454.7 million by 2028. Craft soda stored in glass bottles helps to maintain the level of carbon dioxide concentration within the beverage for an extended period of time, which ensures that neither the taste nor the quality of the product is compromised. Glass bottles typically come in appealing packaging and are fairly convenient; as a result, customers like and feel more at ease with these products.
The On-Trade market has high growth rate of 6.3% during (2022 - 2028). The increased use of soda at public establishments including restaurants, bars, hotels, and nightclubs is the primary force behind the segment's expansion. The consumers prefer drinking craft sodas and other carbonated beverages while dining out or staying in hotels. It is anticipated that the industry will experience growth throughout the forecast period as a result of sustained increases in consumers' disposable personal income.
The North America market dominated the Global Craft Soda Market by Region in 2021, and would continue to be a dominant market till 2028; thereby, achieving a market value of $303 million by 2028. The Europe market is anticipated to grow at a CAGR of 4.8% during (2022 - 2028). Additionally, The Asia Pacific market would witness a CAGR of 5.6% during (2022 - 2028).
Full Report: https://www.kbvresearch.com/craft-soda-market/
The market research report has exhaustive quantitative insights providing a clear picture of the market potential in various segments across the globe with country wise analysis in each discussed region. The key impacting factors of the market have been discussed in the report with the elaborated company profiles of 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.
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