Soda Maker Market

Global Soda Maker Market Research Report: By Mode of Operation (Manual, Electric), By Distribution Channel (Online, Offline), and Region (North America, Europe, Asia-Pacific, and Rest of the World) Global Industry Analysis, Size, Share, Growth, Trends, Regional Analysis, Competitor Analysis and Forecast 2024-2032.

Food & Beverages | January 2024 | Report ID: EMR00520 | Pages: 301

The global soda maker market was valued at USD 871.2 million in 2023 and is estimated to reach approximately USD 1455.6 million by 2032, at a CAGR of 7.61% from 2024 to 2032.

The soda maker is a home appliance for carbonating tap water by using carbon dioxide from a pressurized cartridge. The soda maker offers the convenience of having a refreshing fizzy drink fingertip, whenever want it. Moreover, various benefits of soda maker such as an endless supply of sparkling water, save money on sparkling water and soda, reduce waste, save the planet, say goodbye to flat soda fresh bubble, enjoy a large variety of flavors that pop, reduce sugar consumption.

 

 

SODA MAKER MARKET: REPORT SCOPE & SEGMENTATION

Report Attribute

Details

Estimated Market Value (2023)

USD 871.2 Million

Projected Market Value (2032)

USD 1455.6 Million

Base Year

2023

Forecast Years

2024 - 2032

Scope of the Report

Historical and Forecast Trends, Industry Drivers and Constraints, Historical and Forecast Market Analysis by Segment- By Mode of Operation, By Distribution Channel & Region

Segments Covered

By Mode of Operation, By Distribution Channel & Region

Forecast Units

Value (USD Billion or Million), and Volume (Units)

Quantitative Units

Revenue in USD million/billion and CAGR from 2024 to 2032

Regions Covered

North America, Europe, Asia Pacific, Latin America, and Middle East & Africa, and the Rest of World

Countries Covered

U.S., Canada, Mexico, U.K., Germany, France, Italy, Spain, China, India, Japan, South Korea, Brazil, Argentina, GCC Countries, and South Africa, among others

Report Coverage

Market growth drivers, restraints, opportunities, Porter’s five forces analysis, PEST analysis, value chain analysis, regulatory landscape, market attractiveness analysis by segments and region, company market share analysis, and COVID-19 impact analysis.

Delivery Format

Delivered as an attached PDF and Excel through email, according to the purchase option.

 

Global Soda Maker Market Drivers:

  • Increasing health consciousness among consumers

Consumers are becoming more health-conscious, looking for healthier alternatives to sugary drinks. The convenience and appeal of on-the-go beverages have also helped to drive industry development. Flavored sparkling water, recognized for its refreshing and low-calorie features, has gained popularity, and soda producers now allow customers to prepare their own flavored sparkling water at home. Soda makers have become more affordable, making them available to a wider range of consumers. Furthermore, technical developments such as automatic carbonation and flavor dispensing capabilities have increased the convenience and popularity of soda makers. These statistics illustrate the fundamental drivers driving the increasing demand for soda makers.

 

Opportunities:

  • Increasing disposable income, urbanization, and lifestyle changes

Rising disposable income, urbanization, and lifestyle changes are fuelling demand for carbonated beverages. Consumers are more aware of the health benefits of carbonated beverages and are looking for better options. Soda producers allow customers to customize the sugar and artificial additives. The DIY (Do It Yourself) culture has led to a need for affordable and customizable solutions among customers. Soda makers make making carbonated beverages simple and inexpensive. Furthermore, government programs to promote healthy lifestyles, such as sugar reduction, are likely to drive demand for soda makers as a healthier alternative to commercial fizzy beverages. These factors will drive the growth of the soda maker market throughout the forecast period.

 

Restraints:

  • High initial investment required for purchasing soda makers

The high initial cost necessary to purchase soda manufacturers may deter some prospective buyers. Furthermore, the recurring costs of consumables such as CO2 cartridges and flavoring syrups may constitute a financial burden for users. Furthermore, the limited flavor selections accessible to soda companies may influence consumer interest. Furthermore, consumer education is required to increase knowledge of the benefits of using soda makers. Aside from that, soda makers compete with other beverage options including bottled water, juice, and tea.

 

Segment Overview

  • By Mode of Operation

Based on mode of operation, the global soda maker market is divided into manual, electric. The manual segment dominated the market in 2023 and is expected to dominating during the soda maker market in forecast period, due to these soda makers are specifically built for household use. They are primarily small, tabletop machines that allow users to carbonate water and make carbonated beverages in small quantities. Manual soda makers are popular among people who appreciate the hands-on experience of making their own carbonated beverages and want a more compact and portable solution for home use. They are generally simple to operate and let you to alter the level of carbonation to your liking.

  • By Distribution Channel

Based on distribution channel, the global soda maker market is fragmented into online, offline. The offline segment dominated the global soda maker market in 2023. This is attributed to supermarkets and hypermarkets are good distribution channels for soda makers because of their broad reach and convenience. These stores provide a one-stop shopping experience, allowing customers to conveniently access a variety of modes of operation, such as different brands and varieties of bottled water. Customers are increasingly looking for healthier and more sophisticated beverage options, and soda makers have emerged as a popular choice. These establishments provide a one-stop shopping experience, allowing customers to quickly access a wide range of product kinds, including many global brands.

 

Global Soda Maker Market Overview by Region

North America dominated the soda maker market in 2023. This is owing to one of the primary factors boosting demand for soda makers is an increase in consumer awareness of health and wellbeing in the United States and Canada. Many Americans are looking for healthier beverage options and limiting their intake of sugary drinks such as soda. This trend is being driven by a number of causes, including increased knowledge of the health dangers associated with excessive sugar consumption, worries about artificial sweeteners, and a growing interest in general wellness. Furthermore, beverage businesses have responded to the demand by creating a diverse selection of flavored sparkling water products, which are frequently infused with natural flavors or fruit essences. These products offer a variety of flavor profiles while being low in calories and sugar, making them appealing to health-conscious consumers. In addition, strategic agreements between significant industry players and well-known soft-drink brands such as Coca-Cola and Pepsi are expected to increase American use of flavored soda water. In December 2021, Drinkmate, a well-known manufacturer of carbonated water for domestic use, announced a collaboration with the Coca-Cola Company's North American operational wing for a joint campaign with Smartwater.

 

Global Soda Maker Market Competitive Landscape

In the global soda maker market, a few major players exert significant market dominance and have established a strong regional presence. These leading companies remain committed to continuous research and development endeavors and actively engage in strategic growth initiatives, including product development, launches, joint ventures, and partnerships. By pursuing these strategies, these companies aim to strengthen their market position, expand their customer base, and capture a substantial share of the market.

Some of the prominent players in the global soda maker market such as

  • SodaStream Inc.,
  • AARKE AB
  •  i-Drink Products Inc
  • Hamilton Beach Brands Holding Company
  • Mysoda
  • iSi GmbH
  • Drinkpod
  • Mr. Butler
  • Spärkel Beverage Systems
  • CO-Z and others.

 

Global Soda Maker Market Recent Developments

  • In December 2022, Glacier Fresh, a globally recognized leader in water filtration solutions, has unveiled the introduction of the 'Sparkin Cold Soda Maker.' Tailored for domestic use, this soda maker delivers refreshing sparkling water at the simple push of a button, providing a manual and hands-on experience.
  • In February 2022, Karcher has revealed its investment in Mysoda, a Finnish company specializing in sparkling water solutions. The funding round aims to expedite global expansion and leverage Karcher's expertise in various strategic sectors to enhance Mysoda's growth.

 

Scope of the Global Soda Maker Market Report

Soda Maker Market Report Segmentation

ATTRIBUTE

DETAILS

By Mode of Operation

  • Manual
  • Electric

By Distribution Channel

  • Online
  • Offline

By Geography

  • North America (USA, and Canada)
  • Europe (UK, Germany, France, Italy, Spain, Russia and Rest of Europe)
  • Asia Pacific (Japan, China, India, Australia, Southeast Asia and Rest of Asia Pacific)
  • Latin America (Brazil, Mexico, and Rest of Latin America)
  • Middle East & Africa (South Africa, GCC, and Rest of Middle East & Africa)

Customization Scope

  • Available upon request

Pricing

  • Available upon request

 

Objectives of the Study

The objectives of the study are summarized in 5 stages. They are as mentioned below:

  • Global Soda Maker Market Size and Forecast: To identify and estimate the market size for the global soda maker market segmented by lesion site, by application, by product shape, by end user& region and by value (in U.S. dollars). Also, to understand the consumption/ demand created by consumers of soda maker between 2024 and 2032.
  • Market Landscape and Trends: To identify and infer the drivers, restraints, opportunities, and challenges for the global soda maker market
  • Market Influencing Factors: To find out the factors which are affecting the sales of soda maker among consumers
  • Impact of COVID-19: To identify and understand the various factors involved in the global soda maker market affected by the pandemic
  • Company Profiling:  To provide a detailed insight into the major companies operating in the market. The profiling will include the financial health of the company's past 2-3 years with segmental and regional revenue breakup, product offering, recent developments, SWOT analysis, and key strategies.

Research Methodology

Our research methodology has always been the key differentiating reason which sets us apart in comparison from the competing organizations in the industry. Our organization believes in consistency along with quality and establishing a new level with every new report we generate; our methods are acclaimed and the data/information inside the report is coveted. Our research methodology involves a combination of primary and secondary research methods. Data procurement is one of the most extensive stages in our research process. Our organization helps in assisting the clients to find the opportunities by examining the market across the globe coupled with providing economic statistics for each and every region.  The reports generated and published are based on primary & secondary research. In secondary research, we gather data for global Market through white papers, case studies, blogs, reference customers, news, articles, press releases, white papers, and research studies. We also have our paid data applications which includes hoovers, Bloomberg business week, Avention, and others.

Data Collection

Data collection is the process of gathering, measuring, and analyzing accurate and relevant data from a variety of sources to analyze market and forecast trends. Raw market data is obtained on a broad front. Data is continuously extracted and filtered to ensure only validated and authenticated sources are considered. Data is mined from a varied host of sources including secondary and primary sources.

Primary Research

After the secondary research process, we initiate the primary research phase in which we interact with companies operating within the market space. We interact with related industries to understand the factors that can drive or hamper a market. Exhaustive primary interviews are conducted. Various sources from both the supply and demand sides are interviewed to obtain qualitative and quantitative information for a report which includes suppliers, product providers, domain experts, CEOs, vice presidents, marketing & sales directors, Type & innovation directors, and related key executives from various key companies to ensure a holistic and unbiased picture of the market. 

Secondary Research

A secondary research process is conducted to identify and collect information useful for the extensive, technical, market-oriented, and comprehensive study of the market. Secondary sources include published market studies, competitive information, white papers, analyst reports, government agencies, industry and trade associations, media sources, chambers of commerce, newsletters, trade publications, magazines, Bloomberg BusinessWeek, Factiva, D&B, annual reports, company house documents, investor presentations, articles, journals, blogs, and SEC filings of companies, newspapers, and so on. We have assigned weights to these parameters and quantified their market impacts using the weighted average analysis to derive the expected market growth rate.

Top-Down Approach & Bottom-Up Approach

In the top – down approach, the Global Batteries for Solar Energy Storage Market was further divided into various segments on the basis of the percentage share of each segment. This approach helped in arriving at the market size of each segment globally. The segments market size was further broken down in the regional market size of each segment and sub-segments. The sub-segments were further broken down to country level market. The market size arrived using this approach was then crosschecked with the market size arrived by using bottom-up approach.

In the bottom-up approach, we arrived at the country market size by identifying the revenues and market shares of the key market players. The country market sizes then were added up to arrive at regional market size of the decorated apparel, which eventually added up to arrive at global market size.

This is one of the most reliable methods as the information is directly obtained from the key players in the market and is based on the primary interviews from the key opinion leaders associated with the firms considered in the research. Furthermore, the data obtained from the company sources and the primary respondents was validated through secondary sources including government publications and Bloomberg.

Market Analysis & size Estimation

Post the data mining stage, we gather our findings and analyze them, filtering out relevant insights. These are evaluated across research teams and industry experts. All this data is collected and evaluated by our analysts. The key players in the industry or markets are identified through extensive primary and secondary research. All percentage share splits, and breakdowns have been determined using secondary sources and verified through primary sources. The market size, in terms of value and volume, is determined through primary and secondary research processes, and forecasting models including the time series model, econometric model, judgmental forecasting model, the Delphi method, among Flywheel Energy Storage. Gathered information for market analysis, competitive landscape, growth trends, product development, and pricing trends is fed into the model and analyzed simultaneously.

Quality Checking & Final Review

The analysis done by the research team is further reviewed to check for the accuracy of the data provided to ensure the clients’ requirements. This approach provides essential checks and balances which facilitate the production of quality data. This Type of revision was done in two phases for the authenticity of the data and negligible errors in the report. After quality checking, the report is reviewed to look after the presentation, Type and to recheck if all the requirements of the clients were addressed.

Frequently Asked Questions

The global soda maker market forecast period is 2024 - 2032.
According to soda maker market research, the market is expected to grow at a CAGR of 7.61% over the coming years.
Asia-Pacific is expected to register the highest CAGR during 2024 - 2032
North America held the largest share in 2023.
The major players operating in the global soda maker market include SodaStream Inc., AARKE AB, i-Drink Products Inc, Hamilton Beach Brands Holding Company, Mysoda, iSi GmbH, Drinkpod, Mr. Butler, Sparkel Beverage Systems, CO-Z and others.