Middle East & Africa Craft Soda Market Size & Outlook
Middle East & Africa craft soda market, 2017-2030 (US$M)
Related Markets
MEA craft soda market highlights
- The MEA craft soda market generated a revenue of USD 55.3 million in 2023.
- The market is expected to grow at a CAGR of 4% 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, South Africa is expected to register the highest CAGR from 2024 to 2030.
MEA data book summary
| Market revenue in 2023 | USD 55.3 million |
| Market revenue in 2030 | USD 72.8 million |
| Growth rate | 4% (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, MEA region accounted for 7.7% 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.
Key Regions: U.S. , UK , Japan , Brazil , South Africa
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Craft Soda Market Scope
Craft Soda Market Companies
| Name | Profile | # Employees | HQ | Website |
|---|
Middle East & Africa 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 58.23% in 2023. Horizon Databook has segmented the Middle East & Africa craft soda market based on cola, tropical fruits, berries covering the revenue growth of each sub-segment from 2017 to 2030.
Factors, such as rising demand for non-alcoholic drinks, growing consumer awareness pertaining to various flavors and product styles, and rising consumer disposable income are expected to drive the market over the forecast period.
Majority of Arabs do not consume alcohol owing to religious beliefs. Consumers are inclined toward craft soda due to an increase in corollary diseases and obesity rates, which is driving growth. Demand for craft soda is likely to rise in South Africa as market participant namely Craft Soda Company has established its base in South Africa.
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Target buyers of Middle East & Africa 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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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 Middle East & Africa craft soda market , including forecasts for subscribers. This continent databook contains high-level insights into Middle East & Africa craft soda market from 2017 to 2030, including revenue numbers, major trends, and company profiles.
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MEA craft soda market size, by country, 2017-2030 (US$M)
Middle East & Africa Craft Soda Market Outlook Share, 2023 & 2030 (US$M)
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