The Global Soda Maker Market size is expected to reach $1.4 billion by 2030, rising at a market growth of 7.1% CAGR during the forecast period. In the year 2022, the market attained a volume of 9,380.7 thousand units experiencing a growth of 6.74% (2019-2022).
Europe has seen a rising interest of consumers for carbonated drinks as it serves as a healthier alternative to sugary drinks. Consequently, this increasing trend for healthier drinks in Europe is expected to make it account for nearly 28% of the market share by 2030. Furthermore, the abundance of natural mineral springs in many European countries has contributed to the popularity of carbonated water. Mineral water, sourced from underground springs and naturally carbonated, is highly regarded for its perceived health benefits and is consumed for its taste and potential therapeutic properties. Some of the factors impacting the market are growing integration of smart technology, expansion of environmental consciousness and limited awareness of soda maker.
Some of these devices have smart technology that allows consumers to operate and monitor their devices through smartphone apps. This innovation appeals to tech-savvy consumers and provides additional customization options. Users can remotely operate their smart soda makers via smartphone apps. They can carbonate water and prepare beverages from any location with internet connectivity. It's a valuable feature for those who want a sparkling drink ready as they arrive home or for busy individuals who are always moving. Additionally, Sustainability concerns and a desire to reduce plastic waste have contributed significantly to the growth of the market. By using these devices, consumers can reduce their reliance on single-use plastic bottles and aluminum cans, making it an eco-friendly choice. One of the most notable environmental impacts of these devices is their ability to reduce the consumption of single-use plastic bottles significantly. the expansion of environmental consciousness has been a pivotal factor in driving the growth of the market.
However, some potential consumers are unaware of the existence and benefits of these devices. Raising market awareness and educating consumers about the advantages of these makers remains a challenge. When consumers have limited awareness of what soda makers are and how they work, they are less likely to consider them an option for at-home beverage preparation. This can result in missed sales opportunities. Limited awareness can lead to misconceptions or misunderstandings about the benefits and functionalities of these devices. Limited awareness of soda maker is a significant challenge that hampers the growth of market.
By type, the market is categorized into manual and electric. The electric segment covered a considerable revenue share in the market in 2022. Electric soda makers are incredibly convenient to use. They typically have a one-touch operation, allowing users to carbonate water with the push of a button. This ease of operation makes them accessible to many users, including those with limited physical dexterity or mobility. Some models even have multiple carbonation settings, providing versatility in creating different types of drinks. Electric soda makers have a built-in carbonation mechanism, eliminating the need for external CO2 canisters or cartridges. This reduces the hassle and cost of replacing or refilling canisters, making electric soda makers a more self-contained solution.
Based on distribution channel, the market is classified into online and offline. The online segment acquired a substantial revenue share in the market in 2022. The convenience of online shopping appeals to consumers who prefer to research, compare, and purchase products from the comfort of their homes. Customers can readily make purchases through online stores as they are open 24/7, regardless of time zones or physical store hours. Online platforms often offer a wider selection of the device models, brands, and accessories. These preferences allow customers to select products that suit their tastes regardless of the features, designs, or price ranges they are looking for.
| Report Attribute | Details |
|---|---|
| Market size value in 2022 | USD 843.2 Million |
| Market size forecast in 2030 | USD 1.4 Billion |
| Base Year | 2022 |
| Historical Period | 2019 to 2021 |
| Forecast Period | 2023 to 2030 |
| Revenue Growth Rate | CAGR of 7.1% from 2023 to 2030 |
| Number of Pages | 214 |
| Number of Table | 470 |
| Quantitative Data | Volume in Thousand Units, Revenue in USD Billion, and CAGR from 2019 to 2030 |
| Report coverage | Market Trends, Revenue Estimation and Forecast, Segmentation Analysis, Regional and Country Breakdown, Porter’s 5 Forces Analysis, Company Profiling, Companies Strategic Developments, SWOT Analysis, Winning Imperatives |
| Segments covered | Type, Distribution Channel, Region |
| Country scope |
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| Companies Included | SodaStream Inc. (PepsiCo, Inc.), AARKE AB (Altor Digital AB), I-Drink Products Inc (Drinkmate), Hamilton Beach Brands, Inc. (Hamilton Beach Brands Holding Company), Mysoda Oy, iSi GmbH, Drinkpod LLC, Sparkel Beverage Systems, Whirlpool Corporation and Conair LLC (American Securities LLC) |
| Growth Drivers |
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| Restraints |
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Region-wise, the market is analysed across North America, Europe, Asia Pacific, and LAMEA. In 2022, the North America region led the market by generating the highest revenue share. Consumers' growing concern for health and wellness in the United States and Canada is a significant factor propelling the demand for soda makers. Many Americans are seeking healthier beverage alternatives and reducing their consumption of sugary drinks like soda. This trend is driven by various factors, including increased awareness about the health risks associated with excessive sugar intake, concerns about artificial sweeteners, and a growing interest in overall well-being.
Free Valuable Insights: Global Soda Maker Market size to reach USD 1.4 Billion by 2030
The market research report covers the analysis of key stake holders of the market. Key companies profiled in the report include SodaStream Inc. (PepsiCo, Inc.), AARKE AB (Altor Digital AB), I-Drink Products Inc (Drinkmate), Hamilton Beach Brands, Inc. (Hamilton Beach Brands Holding Company), Mysoda Oy, iSi GmbH, Drinkpod LLC, Sparkel Beverage Systems, Whirlpool Corporation and Conair LLC (American Securities LLC).
By Type (Volume, Thousand Units, USD Billion, 2019-30)
By Distribution Channel (Volume, Thousand Units, USD Billion, 2019-30)
By Geography(Volume, Thousand Units, USD Billion, 2019-30)
This Market size is expected to reach $1.4 billion by 2030.
Growing integration of smart technology are driving the Market in coming years, however, Limited awareness of soda maker restraints the growth of the Market.
SodaStream Inc. (PepsiCo, Inc.), AARKE AB (Altor Digital AB), I-Drink Products Inc (Drinkmate), Hamilton Beach Brands, Inc. (Hamilton Beach Brands Holding Company), Mysoda Oy, iSi GmbH, Drinkpod LLC, Sparkel Beverage Systems, Whirlpool Corporation and Conair LLC (American Securities LLC).
In the year 2022, the market attained a volume of 9,380.7 thousand units experiencing a growth of 6.74% (2019-2022).
The Manual segment is leading the Market, By Type in 2022;there by, achieving a market value of $1 Billion by 2030.
The North America region dominated the Market, By Region in 2022, and would continue to be a dominant market till 2030;there by, achieving a market value of $497 Million by 2030.
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