Report ID: UCMIG30G2041
Report ID:
UCMIG30G2041 |
Region:
Global |
Published Date: Upcoming |
Pages:
165
| Tables: 55 | Figures: 60
The 2022 global craft soda market was valued at $681.7 million and is projected to exhibit a 5.1% Compound Annual Growth Rate (CAGR) from 2023 to 2030. Craft sodas are increasingly being chosen over traditional soft drinks by consumers looking for cleaner and healthier beverage options. This preference is expected to continue driving demand for craft sodas in the foreseeable future. Additionally, major companies are expanding their product offerings with innovative options to capture a larger market share. The surge in demand for craft sodas can also be attributed to the emerging trend of healthier lifestyles and conscious eating habits, which gained momentum during the COVID-19 pandemic.
This report is being written to illustrate the market opportunity by region and by segments, indicating opportunity areas for the vendors to tap upon. To estimate the opportunity, it was very important to understand the current market scenario and the way it will grow in future.
Production and consumption patterns are being carefully compared to forecast the market. Other factors considered to forecast the market are the growth of the adjacent market, revenue growth of the key market vendors, scenario-based analysis, and market segment growth.
The market size was determined by estimating the market through a top-down and bottom-up approach, which was further validated with industry interviews. Considering the nature of the market we derived the Soft Drinks by segment aggregation, the contribution of the Soft Drinks in Food, Beverage & Tobacco and vendor share.
To determine the growth of the market factors such as drivers, trends, restraints, and opportunities were identified, and the impact of these factors was analyzed to determine the market growth. To understand the market growth in detail, we have analyzed the year-on-year growth of the market. Also, historic growth rates were compared to determine growth patterns.
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Report ID: UCMIG30G2041