Drinks products are subjected to provide labeling which must include nutritional value. As per the FDA (Food and Drug Administration) guidelines mentioned in section 403(a) (1) of the FD&C Act (21 U.S.C. 343(a)(1), a food or beverage is misbranded if its labeling is false or misleading. Additionally, Beverages and liquid dietary supplements may bear health claims, which characterize the relationship between a substance (food or food component) and a disease or health-related condition.
The article cited AMA's "Global Craft Soda Market Study" explored substantial growth in North America and CAGR of 4.1%. According to the report, Upsurging Demand due To Clean Labels
is one of the primary growth factors for the market. Rising Awareness about Unhealthy Ingredients in Soft Drinks
is also expected to contribute significantly to the Craft Soda market growth. Overall, applications of Craft Soda, and the growing awareness of them, is what makes this segment of the industry important to its overall growth. The Distribution Channel, such as Supermarkets & Hypermarkets, is boosting the Craft Soda market. Additionally, the rising demand from SMEs and various industry verticals, macro-economic growth are the prime factors driving the growth of the market.The End User, such as Teenagers, is boosting the Craft Soda market. Additionally, the rising demand from SMEs and various industry verticals, macro-economic growth are the prime factors driving the growth of the market.
AMAs Analyst on the Global Craft Soda market identified that the demand is rising in many different parts of the world as "New Product Launch to Capture the Untapped Market". Furthermore, some recent industry insights like "In February 2018, Coca-Cola launched two new flavours of craft soda which are Georgia peach and California raspberry. The fresh flavours are sold individually or nationwide as 4-pack of 12-ounce glass bottles. With this launch coco-cola expanded its soft drink product portfolio" is constantly making the industry dynamic.
The report provides an in-depth analysis and forecast about the industry covering the following key features: o Industry outlook including current and future market trends, drivers, restraints, and emerging technologies o Analyses the Global Craft Soda market according to Type, Application, and regions o Analyzes the top 10 players in terms of market reach, business strategy, and business focus o Provides stakeholders insights and key drivers & trends of the market
**The market is valued based on weighted average selling price (WASP) and includes any applicable taxes on manufacturers. All currency conversions used in the creation of this report have been calculated using constant annual average 2021 currency rates.
Market Size Estimation In market engineering method, both top-down and bottom-up approaches have been used, along with various data triangulation process, to predict and validate the market size of the Craft Soda market and other related sub-markets covered in the study.
o Key & emerging players in the market have been observed through secondary research. o The industrys supply chain and overall market size, in terms of value, have been derived through primary and secondary research processes. o All percentage shares, splits, and breakdowns have been determined using secondary sources and verified through primary sources.
Data Triangulation The overall Craft Soda market size is calculated using market estimation process, the Craft Soda market was further split into various segments and sub-segments. To complete the overall market engineering and arriving at the exact statistics for all segments and sub-segments, the market breakdown and data triangulation procedures have been utilized, wherever applicable. The data have been triangulated by studying various influencing factors and trends identified from both demand and supply sides of various applications involved in the study. Along with this, the Global Craft Soda market size has been validated using both top-down and bottom-up approaches.