A Research Study Titled, “Craft Soda Market By Product Type, Target Consumer, And Distribution Channel - Global Industry Analysis And Forecast To 2023”, Published By Crystal Market Research
The global Craft Soda Market was worth USD 0.48 billion in 2014 and is expected to reach approximately USD 0.66 billion by 2023, while registering itself at a compound annual growth rate (CAGR) of 3.53% during the forecast period. Increasing population in emerging nations alongside the rising level of disposable income of consumers is anticipated to positively affect the product business in the coming years. Furthermore, the developing health concerns and rising awareness with respect to the usage of organic products are probably going to additionally support this growth. The switching inclination of consumers from sugar-loaded beverages to low-sugar or mid-calorie beverages and picking craft soda as a substitute for alcoholic beverages is anticipated to cultivate industry development amid the conjecture period. Furthermore, developing concern toward obesity and switching inclinations of consumers toward natural beverages are reshaping the worldwide craft soda industry.
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Organic craft soda rose as the quickest developing product compose portion over the figure time frame inferable from the expansion in smart buyers who are more concerned toward their safety and health. The producers, nowadays, are engaged with manufacturing natural craft sodas inferable from the expanding requirement by shoppers. Natural craft soda was the biggest product fragment in 2016. The switch in customer's inclination by virtue of expanding awareness toward healthy products is moving the business toward creating products that are good for health.
Young adults represented 64.22 percent of the share of the market and rose as the most huge target buyer section in 2016. A portion of the components in charge of driving interest in this age gather are the impression of craft soda as a healthy alternative to eating routine and standard beverages and their inclination to pay for beverages that are tasty as well as healthy. Middle-aged adults rose as the second-biggest target consumer fragment in 2016, producing an income of USD 133.8 million. Expanding awareness about the negative impacts of sugary beverages and in addition corpulence concerns are one of the critical factors anticipated that would influence the development of craft soda in this age group.
Regional Outlook and Trend Analysis of Craft Soda Market
North America rose as the biggest market in 2016 and is likewise anticipated that would be the quickest developing territorial fragment over the conjecture time frame inferable from an expansion in the quantity of standard retailers, increasing disposable income, expanding health concerns, and switching inclinations toward safe beverages. Europe represented roughly 24.82% of the market in 2016 attributable to the early acknowledgment of soda products and the rise of emerging economies. Enforcement of sugar taxes is foreseen to pose a limitation for this product in the region.
Competitive Insights of Medical Craft Soda Market
Some of the leading players in the market are Crooked Beverage Co, Wild Poppy Company, The Coca-Cola Company, Appalachian Brewing Co, The Original Craft Soda Company, Reed's, SIPP eco beverage co and Jones Soda.
Report’s Magnitude:
This report contains Segment wise in-depth analysis in terms several above-mentioned segments along with market size forecasts and approximations to observe significant areas of industry growth in detail. Additionally, an executive summary, summarizing the entire report in such a way that decision-making team can speedily become familiar with background information, summarizing analysis and main conclusions.
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Table of Contents
1. Introduction
2. Executive Summary
3. Market Overview
3.1. Introduction
3.2. Market Dynamics
3.2.1.1. Growing distribution by retailers
3.2.1.2. Increase in packaging & labeling technologies
3.2.2.1. Absence of consumer awareness toward organic products
4. Craft Soda Market, By Product Type
4.1. Introduction
4.2. Craft Soda Market Assessment and Forecast, By Product Type, 2014-2023
4.3. Organic
4.4. Natural
4.4. 5. Craft Soda Market, By Target Consumer
5.1. Introduction
5.2. Craft Soda Market Assessment and Forecast, By Target Consumer, 2014-2023
5.3. Young Adults
5.4. Teenagers
5.5. Middle-Aged Adults
6. Craft Soda Market, By Distribution Channel
6.1. Introduction
6.2. Craft Soda Market Assessment and Forecast, By Distribution Channel, 2014-2023 ($Million)
6.3. Food Service & Drinking Places
6.6. Convenience & Specialty Stores
7. Craft Soda Market, By Region
7.1. Introduction
7.2. Craft Soda Market Assessment and Forecast, By Region, 2014-2023 ($Million)
7.3. North America
7.4. Europe
7.5. Asia-Pacific
7.6. Rest of the World
7.6.10. Others
7.6.10.1. Market Assessment and Forecast, By Product Type, 2014-2023 ($Million)
7.6.10.2. Market Assessment and Forecast, By Target Consumer, 2014-2023 ($Million)
7.6.10.3. Market Assessment and Forecast, By Distribution Channel, 2014-2023 ($Million)
8. Company Profiles
8.1. PepsiCo, Inc.
8.2. Boylan Bottling Co.
8.3. Appalachian Brewing Co.
8.4. SIPP eco beverage co., Inc.
8.5. The Coca-Cola Company
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