North America Craft Soda Market Size & Outlook, 2023-2030
North America craft soda market, 2017-2030 (US$M)
Related Markets
North America craft soda market highlights
- The North America craft soda market generated a revenue of USD 234.5 million in 2023.
- The market is expected to grow at a CAGR of 5% 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, Mexico is expected to register the highest CAGR from 2024 to 2030.
North America data book summary
| Market revenue in 2023 | USD 234.5 million |
| Market revenue in 2030 | USD 329.4 million |
| Growth rate | 5% (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, North America region accounted for 32.8% 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 |
|---|
North 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 47.97% in 2023. Horizon Databook has segmented the North America craft soda market based on cola, tropical fruits, berries covering the revenue growth of each sub-segment from 2017 to 2030.
North America is the largest market for craft soda with the U.S. and Canada being the major consumers of the product. Regional and independent craft soda producers accounted for largest market share in 2016, which, in turn, is expected to drive the overall market over the forecast period.
Sugar and diet soda giants Coca-Cola and Pepsi co posted steep declines in the North America region due to the emerging bottled waters and healthier beverage market options. Carbonated beverage volume slumped up to 0.8% in 2016.
Increase in skepticism and awareness regarding the harmful long-term effect of artificial sweeteners like aspartame have led to their decline, which in-turn provided an open market for craft soda which quickly became the consumer favorite due to their natural ingredients and natural production process.
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Target buyers of North America 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 North America craft soda market , including forecasts for subscribers. This continent databook contains high-level insights into North America craft soda market from 2017 to 2030, including revenue numbers, major trends, and company profiles.
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North America craft soda market size, by country, 2017-2030 (US$M)
North America Craft Soda Market Outlook Share, 2023 & 2030 (US$M)
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