Published Date : 24 Apr 2024
The global soda maker market size exceeded USD 1,250 million in 2023 and is expected to cross around USD 2,580 million by 2033, expanding at a CAGR of 7.52% from 2024 to 2033. The rising hospitality industry and the popularity of carbonated drinks in the millennium generations are boosting the growth of the soda maker market.
The soda maker market deals with making carbonated drinks and availability in various flavors and features. Soda makers are compact devices that allow the creation of fizzy drinks. They work by infusing water with carbon dioxide. Most soda makers are made of plastic, while others are made of materials like stainless steel. The type of material affects the durability and cost of the soda maker. The increasing prevalence of soda drinks among the young generations is expected to play an important role in this market.
Due to the rising trend of developing nations to consume Western beverages, the market is expected to surge at a high rate. In addition, the rising trend for small kitchens, increasing commercial hotels and restaurants, and growing net disposable income is expected to enhance the growth and demand of the soda maker market.
Rising health awareness and demand for sugar-free and nutritional beverages fuel the soda maker market growth
The soda-maker market isn't just making bubbles but also the shift towards a healthier lifestyle. Today's consumers are becoming more aware of artificial ingredients and are embracing dietary options such as keto or low carb. Sugary drinks were condemned for adverse health effects. Soda manufacturers offer a vital anti-acid treatment, allowing users to lock in the sugar entirely by choosing water-based carbonation. They can also use natural sweeteners like berries or stevia, creating a healthy and personalized treat that fits their health goals.
Sugar is now seen as a threat to health, and people are increasingly aware of its harmful effects, especially in the long run. Soda makers provide a solution by eliminating sugary drinks and letting users create beverages with little or no sugar. This helps people control their sugar intake and make healthier choices to meet their dietary needs. Beyond "sugar-free," consumers want beverages with added nutritional value. Soda makers cater to this by allowing people to add wholesome ingredients to their fizzy drinks. They can add fresh fruits and herbs for vitamins, antioxidants, and electrolytes for hydration. This versatility unlocks various beverage options that support personal health goals and promote well-being.
However, the high cost of soda maker may restrain the soda maker market growth. The purchasing cost of consumable elements including flavoring syrups and CO2 cartridges may cause financial loss for the customers. The middle-class people can't afford the higher expensive soda maker. The soda maker is not an essential part of daily life so it is not necessary to purchase the soda maker for personalized kitchen therefore expensive soda maker can hinder the market growth.
| Report Coverage | Details |
| Market Revenue in 2023 | USD 1,250 Million |
| Projected Forecast Revenue by 2033 | USD 2,580 Million |
| Growth Rate from 2024 to 2033 | CAGR of 7.52% |
| Largest Market | North America |
| Base Year | 2023 |
| Forecast Period | 2024 to 2033 |
| Regions Covered | North America, Europe, Asia-Pacific, Latin America, and Middle East & Africa |
Recent Development by Coca-Cola
Recent Development by Glacier Fresh
Europe is expected to grow highest in the forecast period. Europe, a continent with an incredible palate, has recognized soda makers for their health-conscious offerings. Consider the sleek design and eco-friendly features, such as reusable CO2 bottles, that create a sustainability-focused audience. France loves its sparkling water, Germany relies on flavors, and the UK is all about variety. Giving priority to the growing trend of healthy and personalized beverages, which is driving demand for soda maker machines in the country and increasing commercial areas, is contributing to the growth of the soda makers market across the region. These are major factors in Europe that are expected to drive the demand in the soda maker market.
North America dominated the soda maker market in 2023. Due to the growing consumer health, increasing fast food chain, and heavy consumption of carbonated drinks drive the growth of the market in the United States and Canada. In the U.S., fast food consumption is done on a large scale, which includes carbonated drinks. Many Americans actively seek healthy drinks to reduce their consumption of sodas and other sugary beverages. This change is influenced by many factors, including increased awareness of the health risks of excessive sugar consumption, fear of artificial sweeteners, and a mindset that emphasizes overall health.
Health and wellness focus
As people become more health-conscious, soda makers should adapt to meet their needs. Machines could connect with fitness trackers and adjust the fizz and flavors based on activity levels and hydration. Teams with nutritionists could create healthy flavors and provide data on ingredients and benefits. Soda makers could become hydration and wellness devices, offering tasty and healthy ways to stay refreshed. These are the opportunities that are expected to drive the growth of the soda maker market in the coming future.
Market Segmentation
By Mode of Operations
By Distribution Channel
Buy this Research Report@ https://www.precedenceresearch.com/checkout/3837
You can place an order or ask any questions, please feel free to contact at sales@precedenceresearch.com | +1 650 460 3308
