This study provides insights about the Craft Soda Market in regards to its uses and benefits. We at Crystal Market Research (CMR) provide updated information that is beneficial in decision making regarding business investments.
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.
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The Craft Soda Market is segmented as follows-
By product Type:
By Target Consumer:
By Distribution Channel:
Convenience & Specialty Stores
Supermarkets & Hypermarkets
Food Service & Drinking Places
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.
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Industry Trend Analysis:
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.
Table of Contents:
4.Craft Soda Market, By Product Type
5.Craft Soda Market, By Target Consumer
6.Craft Soda Market, By Distribution Channel
7.Craft Soda Market, By Region
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Growth Booster of Market:
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.
List of Tables:
Table: Craft Soda Market, By Product Type ($Million), 2014-2023
Table: Organic Market, By Region ($Million), 2014-2023
Table: Natural Market, By Region ($Million), 2014-2023
Table: Craft Soda Market, By Target Consumer ($Million), 2014-2023
Table: Young Adults Market, By Region ($Million), 2014-2023
Table: Teenagers Market, By Region ($Million), 2014-2023
What our Report offers:
Craft Soda Market share assessments for the regional and country level segments.
Craft Soda Market share analysis of the top industry players.
Strategic recommendations for the new entrants.
Competitive landscaping mapping the key common trends.
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About Crystal Market Research:
Crystal Market Research is a U.S. based market research and business intelligence company. Crystal offers one stop solution for market research, business intelligence, and consulting services to help clients make more informed decisions. It provides both syndicated as well as customized research studies for its customers spread across the globe. The company offers market intelligence reports across a broad range of industries including healthcare, chemicals & materials, technology, automotive, and energy.
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