To carry out competitive analysis, Craft Soda Market with various strategies of the major players in the market have been considered that range from new product launches, expansions, agreements, joint ventures, partnerships, acquisitions, and others which lead to an ascend of their footprints in the market. Moreover, the report revises general market conditions, estimates market share and possible sales volume of the industry, figure out the probable market for a new product to be launched and discover the most appropriate method for the distribution of certain product. Being a top-notch and comprehensive in nature, Craft Soda Market research report gives better insights about different market segments on which businesses are highly dependent to thrive in the market.
Global craft soda market is expected to register a substantial CAGR of 5.1% in the forecast period of 2019-2026. The report contains data from the base year of 2018 and the historic year of 2017. The rise in the market value can be attributed to the rapid urbanization coupled with increasing consumption.
The major players profiled in this report include: Reeds inc., PepsiCo, JONES SODA CO., Celeste Cathryn Digital, Appalachian Brewing Company, BOYLAN BOTTLING, crookedbevco, THE COCA-COLA COMPANY, Q Tonic, LLC, TUXEN BREWING COMPANY, Keurig Dr Pepper, Inc., , Brix Soda Co, BUCKSNORT SODA COMPANY. ltd., Batch Craft Soda, Bai, Excel Bottling Company, DRY Soda Company, Peak Drive Beverages and Five Star Beverages among others.
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The titled segments and sub-section of the market are illuminated below:
By Product Type
By Target Consumer
- Young Adults
- Middle-Aged Adults
- Supermarkets & Hypermarkets
- Food Service & Drinking Places
- Convenience & Specialty Stores
- Online Stores
By Packaging Type
Craft soda is a craft drink that is usually preferred as a healthy alternative to regular carbonated beverages. They are produced from natural ingredients, containing few or no preservatives, and are brewed in tiny lots. They are accessible in combinations of different fruit flavours that are either combined or used alone with traditional soda flavours such as ginger ale, root bear and sarsaparilla among others.
- Strict government guidelines for artificial ingredients and labelling and packaging will drive the market growth
- Rising population in developing countries along with the increasing consumer disposable income is expected to have a positive effect in the growth of the market
- The shifting consumer preference from high sugar drinks to low-sugar or mid-calorie beverages as well as choosing craft soda as an operative substitute for alcoholic drinks will propel the market growth
- Growing concern towards obesity and shifting consumer preferences towards natural and organic drinks may drive the growth of the market in the forecast period
- Increasing social awareness towards environmental concern may restrict the market growth
- Strict government initiatives regarding energy conservation will hamper the growth of the market in the forecast period
Major highlights of the report:
- All-inclusive evaluation of the parent market
- Evolution of significant market aspects
- Industry-wide investigation of market segments
- Assessment of market value and volume in past, present, and forecast years
- Evaluation of market share
- Study of niche industrial sectors
- Tactical approaches of market leaders
- Lucrative strategies to help companies strengthen their position in the market
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Why you should buy this report?
- This report offers a concise analysis of the Craft Soda market for the last 5 years with historical data and more accurate prediction for upcoming 6 years on the basis of statistical information.
- This report helps you to understand the market components by offering a cohesive framework of the key players and their competition dynamics as well as strategies.
- The report is a complete guideline for the clients to arrive an informed business decision since it consists of a detailed information for better understandings of the current and future market situation.
Methodologies utilized to evaluate the market-:
In June 2019, Hank’s Craft Soda’s parent company, Liberty Beverages has launched Aqwi Organics. Infused with sea salt and antioxidants from kelp, it is low calorie flavoured water in five flavours. This launch will help the company in expansion of the liberty beverages
In February 2018, Coca-Cola launched two new flavours of craft soda which are georgia peach and california raspberry. The brand surveyed thousands of customers, experiencing 30 prospective fresh flavours before “peach and raspberry” get selected. The fresh flavours are sold individually or nationwide as 4-pack of 12-ounce glass bottles. With this launch coco-cola expanded its soft drink product portfolio
Table of Contents –Analysis of Key Points
Market Overview, Development, and Segment by Type, Application & Region
Global Market by company, Type, Application & Geography
Asia-Pacific Market by Type, Application & Geography
Europe Market by Type, Application & Geography
North America Market by Type, Application & Geography
South America Market by Type, Application & Geography
Middle East & Africa Market by Type, Application & Geography
Company information, Sales, Cost, Margin etc.
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