Latin America Craft Soda Market Size & Outlook, 2023-2030
Latin America craft soda market, 2017-2030 (US$M)
Related Markets
Latin America craft soda market highlights
- The Latin America craft soda market generated a revenue of USD 90.8 million in 2023.
- The market is expected to grow at a CAGR of 5.6% 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, Brazil is expected to register the highest CAGR from 2024 to 2030.
Latin America data book summary
| Market revenue in 2023 | USD 90.8 million |
| Market revenue in 2030 | USD 132.9 million |
| Growth rate | 5.6% (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, Latin America region accounted for 12.7% 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 |
|---|
Latin America 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 59.03% in 2023. Horizon Databook has segmented the Latin America craft soda market based on cola, tropical fruits, berries covering the revenue growth of each sub-segment from 2017 to 2030.
Market participants are investing in Brazil owing to high demand for beverages in the region. Market player namely Monarch Beverage Company have introduced new line of craft soda with intensive marketing and unique packaging which is intended to attract young population in the region.
new market players are imminent owing to rising demand for healthy/natural carbonated beverages. Building negative perception of regular soft drinks owing to composition of artificial ingredients is creating awareness among consumers for switching to healthy drinks.
Rising disposable income, modern retail channels, busy lifestyles, improving standard of living of middle class population, abrupt popularity gain, etc. are expected to drive the growth of craft soda market in this region.
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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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Horizon Databook provides a detailed overview of continent-level data and insights on the Latin America craft soda market , including forecasts for subscribers. This continent databook contains high-level insights into Latin America craft soda market from 2017 to 2030, including revenue numbers, major trends, and company profiles.
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Latin America craft soda market size, by country, 2017-2030 (US$M)
Latin America Craft Soda Market Outlook Share, 2023 & 2030 (US$M)
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