Asia Pacific Craft Soda Market Size & Outlook, 2023-2030
Asia Pacific craft soda market, 2017-2030 (US$M)
Related Markets
Asia Pacific craft soda market highlights
- The Asia Pacific craft soda market generated a revenue of USD 161.0 million in 2023.
- The market is expected to grow at a CAGR of 6.1% from 2024 to 2030.
- In terms of segment, cola was the largest revenue generating flavor in 2023.
- Tropical Fruits is the most lucrative flavor segment registering the fastest growth during the forecast period.
- Country-wise, India is expected to register the highest CAGR from 2024 to 2030.
Asia Pacific data book summary
| Market revenue in 2023 | USD 161.0 million |
| Market revenue in 2030 | USD 243.8 million |
| Growth rate | 6.1% (CAGR from 2023 to 2030) |
| Largest segment | Cola |
| Fastest growing segment | Tropical Fruits |
| Historical data covered | 2017 - 2022 |
| Base year for estimation | 2023 |
| Forecast period covered | 2024 - 2030 |
| Quantitative units | Revenue in USD million |
| Market segmentation | Cola, Tropical Fruits, Berries |
| Key market players worldwide | Jones Soda Co, Associated British Foods PLC, Reed's Inc, PepsiCo Inc, Coca-Cola Europacific Partners PLC, Sipp Industries Inc Class A, Boylan Bottling |
Other key industry trends
- In terms of revenue, Asia Pacific region accounted for 22.5% of the global craft soda market in 2023.
- Globally, North America is projected to lead the regional market in terms of revenue in 2030.
- Asia Pacific is the fastest growing regional market and is projected to reach USD 243.8 million by 2030.
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Craft Soda Market Scope
Craft Soda Market Companies
| Name | Profile | # Employees | HQ | Website |
|---|
Asia Pacific craft soda market outlook
The databook is designed to serve as a comprehensive guide to navigating this sector. The databook focuses on market statistics denoted in the form of revenue and y-o-y growth and CAGR across the globe and regions. A detailed competitive and opportunity analyses related to craft soda market will help companies and investors design strategic landscapes.
Cola was the largest segment with a revenue share of 46.4% in 2023. Horizon Databook has segmented the Asia Pacific craft soda market based on cola, tropical fruits, berries covering the revenue growth of each sub-segment from 2017 to 2030.
Substantial rise in disposable income, number of working-class individuals, and climatic conditions are favoring the adoption of premium craft sodas in the region. Countries such as Japan, South Korea, Australia, Malaysia, Singapore, and India are the lucrative markets for craft soda.
Concerns regarding diabetes and obesity among consumers has shifted focus from high fat containing foods to high content drinks. Major population in Europe and the United States are moving from fizzy drinks to organic drinks teas, and bottled water.
The carbonated soft drinks market is still strong in the developing countries of Asia Pacific mainly due to lack of awareness and lower cost of these drinks when compared with craft soda. However, the market of craft soda is soon to emerge with the emergent middle-class population and fast-growing economy.
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Target buyers of Asia Pacific craft soda market databook
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Our clientele includes a mix of craft soda market companies, investment firms, advisory firms & academic institutions.
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30% of our revenue is generated working with investment firms and helping them identify viable opportunity areas.
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Approximately 65% of our revenue is generated working with competitive intelligence & market intelligence teams of market participants (manufacturers, service providers, etc.).
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The rest of the revenue is generated working with academic and research not-for-profit institutes. We do our bit of pro-bono by working with these institutions at subsidized rates.
Horizon Databook provides a detailed overview of continent-level data and insights on the Asia Pacific craft soda market , including forecasts for subscribers. This continent databook contains high-level insights into Asia Pacific craft soda market from 2017 to 2030, including revenue numbers, major trends, and company profiles.
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Asia Pacific craft soda market size, by country, 2017-2030 (US$M)
Asia Pacific Craft Soda Market Outlook Share, 2023 & 2030 (US$M)
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