Global Club Soda Market Report and Forecast 2024-2032

Global Club Soda Market Report and Forecast 2024-2032

Global Club Soda Market Report and Forecast 2024-2032

Market outlook

According to the report by Expert Market Research (EMR), the club soda market size reached a value of USD 12.94 billion in 2023. Aided by the increasing demand for carbonated beverages and the growing applications of club soda in various culinary and beverage uses, the market is projected to further grow at a CAGR of 5.6% between 2024 and 2032 to reach a value of USD 21.21 billion by 2032.

Club soda, a type of carbonated water that contains dissolved minerals such as sodium bicarbonate, sodium chloride, and potassium sulphate, is widely used as a mixer in alcoholic beverages, a standalone refreshing drink, and an ingredient in cooking and baking. Its versatility and effervescence make it a popular choice among consumers and in the hospitality sector.

The increasing consumer preference for carbonated beverages is driving the club soda market growth. As consumers seek out refreshing and flavourful drinks, club soda has gained popularity as a healthier alternative to sugary soft drinks and as a versatile mixer in cocktails. The growing trend of health consciousness and the demand for low-calorie beverages are further boosting the market.

Moreover, the expanding applications of club soda in various culinary and beverage uses play a significant role in propelling the market. In the food sector, club soda is used to add texture and lightness to batters and doughs, making it a valuable ingredient in baking and frying. The beverage industry utilises club soda as a key mixer in cocktails and mocktails, enhancing the flavour and presentation of drinks. Additionally, the use of club soda as a standalone beverage and as a component in sparkling water products is driving the market growth.

The increasing popularity of home bartending and mixology is another driving factor for the market. As consumers experiment with creating cocktails and mocktails at home, the demand for high-quality mixers, including club soda, has surged. This trend is particularly evident among millennials and younger consumers who value unique and innovative beverage experiences, consequently driving up the club soda market share.

The market is witnessing diverse applications across various sectors, further bolstering its growth. In the beverage sector, club soda is essential as a mixer in cocktails and mocktails. Its effervescence and neutral flavour enhance the overall drinking experience, making it a popular choice in bars, restaurants, and home bars. The growing trend of mixology and the increasing demand for premium and craft cocktails are driving the adoption of club soda in this sector.

In the culinary sector, club soda is used to add texture and lightness to batters and doughs, making it a valuable ingredient in baking and frying. Its ability to create a light and airy texture is particularly beneficial in recipes for pancakes, waffles, tempura, and other fried foods. The increasing popularity of home cooking and baking is driving the demand for club soda as a versatile ingredient in the kitchen.

The hospitality sector also benefits significantly from club soda, which is used as a refreshing standalone beverage and as a mixer in various drinks. Hotels, restaurants, and cafes offer club soda as a healthier alternative to sugary soft drinks, catering to health-conscious consumers. The growing focus on providing high-quality and diverse beverage options to guests is driving the adoption of club soda in the hospitality sector.

As per the club soda market analysis, the retail sector plays a crucial role in the distribution of club soda. Supermarkets, convenience stores, and online platforms offer a wide range of club soda products to cater to different consumer preferences. The convenience and accessibility of these retail channels contribute to the widespread availability of club soda, driving market growth.

Market Segmentation

The market can be divided based on packaging, distribution channel, and region

Market Breakup by Packaging

• Cans
• Glass Bottles
• Plastic Bottles

Market Breakup by Distribution Channel

• Hypermarkets/Supermarkets
• Speciality Stores
• Convenience Stores
• Online Stores
• Others

Market Breakup by Region

• North America
• Europe
• Asia Pacific
• Middle East and Africa
• Europe

Competitive landscape

The EMR report looks into the market shares, plant turnarounds, capacities, investments, and mergers and acquisitions, among other major developments, of the leading companies operating in global club soda market. some of the major players explored in the report by expert market research are as follows:

• The Coca-Cola Company
• Keurig Dr Pepper, Inc.
• East Imperial Beverages Corporation
• Fevertree Limited
• Polar Beverages Inc.
• White Rock Company
• Faygo Beverages, Inc.
• The Kroger Co.
• Bisleri International Pvt. Ltd.
• Others

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*We at Expert Market Research always strive to provide you with the latest information. The numbers in the article are only indicative and may be different from the actual report.