Nitro Infused Cola Market
Nitro-infused Cola Market Forecasts to 2030 - Global Analysis By Flavour (Vanilla Draft Cola, Cherry Draft Cola, Citrus Draft Cola, Coffee Draft Cola, Spiced Draft Cola and Other Flavours), Sales Channel and By Geography
|
Years Covered |
2021-2030 |
|
Estimated Year Value (2023) |
US $20.2 MN |
|
Projected Year Value (2030) |
US $73.7 MN |
|
CAGR (2023 - 2030) |
20.3% |
|
Regions Covered |
North America, Europe, Asia Pacific, South America, and Middle East & Africa |
|
Countries Covered |
US, Canada, Mexico, Germany, UK, Italy, France, Spain, Japan, China, India, Australia, New Zealand, South Korea, Rest of Asia Pacific, South America, Argentina, Brazil, Chile, Middle East & Africa, Saudi Arabia, UAE, Qatar, and South Africa |
|
Largest Market |
North America |
|
Highest Growing Market |
Asia Pacific |
According to Stratistics MRC, the Global Nitro-infused Cola Market is accounted for $20.2 million in 2023 and is expected to reach $73.7 million by 2030 growing at a CAGR of 20.3% during the forecast period. The Nitro-infused Cola Market is a burgeoning sector within the beverage industry that combines the effervescence of traditional cola with the smooth, creamy texture imparted by nitrogen infusion. This innovative approach introduces nitrogen bubbles into the cola, creating a velvety mouthfeel and enhancing the overall drinking experience. Nitrogen, known for its ability to create smaller and more stable bubbles than carbon dioxide, imparts a unique creaminess, elevating the cola's taste and texture.
Market Dynamics:
Driver:
Rising consumer demand for specialty beverages
As discerning palates seek unique and memorable taste experiences, nitro-infused colas have emerged as an innovative and premium option within the beverage landscape. Consumers are increasingly drawn to crafted and artisanal offerings, and nitro infusion provides a distinctive edge by imparting a velvety texture and smooth effervescence to traditional cola flavors. This demand is fueled by a desire for more than just routine refreshment; it reflects a cultural shift toward beverages that go beyond the ordinary, offering a sensory journey and a touch of sophistication.
Restraint:
Limited consumer awareness
The lack of awareness hampers market penetration, as potential consumers may be hesitant to try a product they don't fully comprehend. Effective marketing and educational campaigns are essential to communicate the unique qualities and benefits of nitro-infused colas, emphasizing the velvety texture and enhanced flavor experience. Establishing clear differentiation from traditional colas and showcasing the premium nature of nitro infusion requires strategic communication efforts.
Opportunity:
Premiumization in the beverage industry
As consumers increasingly seek elevated and sophisticated drinking experiences, nitro-infused colas position themselves as a premium choice, offering a luxurious twist to the traditional cola experience. The infusion of nitrogen not only creates a distinctive and velvety texture but also imparts an upscale appeal, aligning with the growing preference for high-quality and indulgent beverages. Additionally, the premiumization trend is characterized by a willingness to invest in superior ingredients, unique processes, and refined packaging – aspects that nitro-infused colas embody.
Threat:
Competition with established brands
Well-established names dominate consumer preferences, holding a deep-rooted association with familiarity and trust. Convincing consumers to shift allegiance from these established brands to the innovative experience of nitro-infused colas is a formidable challenge. The market must navigate the strong brand loyalty ingrained in the cola industry, where consumers often opt for recognized and traditional choices. However, overcoming this challenge necessitates strategic marketing efforts to highlight the unique selling propositions of nitro-infused colas, emphasizing the premium texture and distinct flavors.
Covid-19 Impact:
Disruptions in the supply chain, including ingredient sourcing and production logistics, posed initial challenges. The economic downturn led to shifts in consumer spending, with a potential inclination towards cost-effective choices over premium beverages. The increased focus on at-home consumption and the demand for novel and comforting experiences prompted some consumers to explore unique beverages like nitro-infused colas. E-commerce platforms became vital for product accessibility as traditional retail faced restrictions.
The vanilla draft cola segment is expected to be the largest during the forecast period
Vanilla Draft Cola segment is expected to be the largest during the forecast period. The addition of vanilla introduces a familiar yet distinctive note to the nitro-infused cola experience, appealing to a broad consumer base. The segment capitalizes on the popularity of vanilla as a timeless and widely enjoyed flavor, creating a nuanced beverage that combines the richness of cola with the smoothness of nitro infusion. This unique blend not only caters to those seeking a premium and craft-like cola experience but also attracts consumers looking for a novel twist on traditional favorites.
The offline segment is expected to have the highest CAGR during the forecast period
Offline segment is expected to have the highest CAGR during the forecast period. Physical stores, including supermarkets, convenience stores, and specialty beverage retailers, serve as crucial points of access for consumers seeking unique and premium beverages. The offline presence allows nitro-infused cola brands to engage directly with consumers, offering opportunities for product sampling, in-store promotions, and visual appeal through attractive displays. Furthermore, in-person shopping experiences foster a tactile connection, enabling consumers to explore and understand the innovative qualities of nitro-infused colas.
Region with largest share:
North America region commanded the largest market share over the forecast period. The discerning consumer base in North America, characterized by a penchant for innovative and premium beverages, has embraced nitro-infused colas as a sophisticated alternative to traditional sodas. The region's robust infrastructure, including well-established distribution networks and widespread availability in various retail channels, ensures easy accessibility for consumers. Moreover, a cultural shift towards favoring craft and artisanal products aligns with the unique and handcrafted nature of nitro-infused colas in the region.
Region with highest CAGR:
Asia Pacific region is projected to witness profitable growth over the extrapolated period. As the region experiences economic growth and urbanization, there is an increasing demand for unique and premium products, creating an opportune environment for nitro-infused colas. The appeal of novel textures and flavors aligns with the diverse and dynamic taste preferences in Asia Pacific, where consumers are open to exploring innovative beverage options. Strategic market penetration by key players, coupled with the rising trend of experiential and premium consumption, contributes to the market's expansion in the region.
Key players in the market
Some of the key players in Nitro-infused Cola market include The Coca-Cola Company, Califia Farms, Cruise Beverages, Funkin Cocktails, Left Hand Brewing Co., Monster Energy Company, Nitro Beverage Co., PepsiCo and Rise Brewing Co..
Key Developments:
In December 2023, American beverage manufacturer, The Coca-Cola Company (TCCC) is set to invest Rs 3,000 crore to set up a beverage bases and concentrates plant in Sanand, 22 km away from Ahmedabad. The company will make the Foreign Direct Investment (FDI) through International Refreshments (India) Private Limited (IRIPL), which is a subsidiary of TCCC.
In November 2023, Coca-Cola Enters Ready-To-Drink Tea Market In India With New Launch. An MoU in this regard was signed between the two companies at the seventh edition of the Bengal Global Business Summit.
Flavours Covered:
• Vanilla Draft Cola
• Cherry Draft Cola
• Citrus Draft Cola
• Coffee Draft Cola
• Spiced Draft Cola
• Other Flavours
Sales Channels Covered:
• Offline
• Online
Regions Covered:
• North America
o US
o Canada
o Mexico
• Europe
o Germany
o UK
o Italy
o France
o Spain
o Rest of Europe
• Asia Pacific
o Japan
o China
o India
o Australia
o New Zealand
o South Korea
o Rest of Asia Pacific
• South America
o Argentina
o Brazil
o Chile
o Rest of South America
• Middle East & Africa
o Saudi Arabia
o UAE
o Qatar
o South Africa
o Rest of Middle East & Africa
What our report offers:
- Market share assessments for the regional and country-level segments
- Strategic recommendations for the new entrants
- Covers Market data for the years 2021, 2022, 2023, 2026, and 2030
- Market Trends (Drivers, Constraints, Opportunities, Threats, Challenges, Investment Opportunities, and recommendations)
- Strategic recommendations in key business segments based on the market estimations
- Competitive landscaping mapping the key common trends
- Company profiling with detailed strategies, financials, and recent developments
- Supply chain trends mapping the latest technological advancements
Free Customization Offerings:
All the customers of this report will be entitled to receive one of the following free customization options:
• Company Profiling
o Comprehensive profiling of additional market players (up to 3)
o SWOT Analysis of key players (up to 3)
• Regional Segmentation
o Market estimations, Forecasts and CAGR of any prominent country as per the client's interest (Note: Depends on feasibility check)
• Competitive Benchmarking
Benchmarking of key players based on product portfolio, geographical presence, and strategic alliances
Table of Contents
1 Executive Summary
2 Preface
2.1 Abstract
2.2 Stake Holders
2.3 Research Scope
2.4 Research Methodology
2.4.1 Data Mining
2.4.2 Data Analysis
2.4.3 Data Validation
2.4.4 Research Approach
2.5 Research Sources
2.5.1 Primary Research Sources
2.5.2 Secondary Research Sources
2.5.3 Assumptions
3 Market Trend Analysis
3.1 Introduction
3.2 Drivers
3.3 Restraints
3.4 Opportunities
3.5 Threats
3.6 Emerging Markets
3.7 Impact of Covid-19
4 Porters Five Force Analysis
4.1 Bargaining power of suppliers
4.2 Bargaining power of buyers
4.3 Threat of substitutes
4.4 Threat of new entrants
4.5 Competitive rivalry
5 Global Nitro-infused Cola Market, By Flavour
5.1 Introduction
5.2 Vanilla Draft Cola
5.3 Cherry Draft Cola
5.4 Citrus Draft Cola
5.5 Coffee Draft Cola
5.6 Spiced Draft Cola
5.7 Other Flavours
6 Global Nitro-infused Cola Market, By Sales Channel
6.1 Introduction
6.2 Offline
6.3 Online
7 Global Nitro-infused Cola Market, By Geography
7.1 Introduction
7.2 North America
7.2.1 US
7.2.2 Canada
7.2.3 Mexico
7.3 Europe
7.3.1 Germany
7.3.2 UK
7.3.3 Italy
7.3.4 France
7.3.5 Spain
7.3.6 Rest of Europe
7.4 Asia Pacific
7.4.1 Japan
7.4.2 China
7.4.3 India
7.4.4 Australia
7.4.5 New Zealand
7.4.6 South Korea
7.4.7 Rest of Asia Pacific
7.5 South America
7.5.1 Argentina
7.5.2 Brazil
7.5.3 Chile
7.5.4 Rest of South America
7.6 Middle East & Africa
7.6.1 Saudi Arabia
7.6.2 UAE
7.6.3 Qatar
7.6.4 South Africa
7.6.5 Rest of Middle East & Africa
8 Key Developments
8.1 Agreements, Partnerships, Collaborations and Joint Ventures
8.2 Acquisitions & Mergers
8.3 New Product Launch
8.4 Expansions
8.5 Other Key Strategies
9 Company Profiling
9.1 The Coca-Cola Company
9.2 Califia Farms
9.3 Cruise Beverages
9.4 Funkin Cocktails
9.5 Left Hand Brewing Co.
9.6 Monster Energy Company
9.7 Nitro Beverage Co.
9.8 PepsiCo
9.9 Rise Brewing Co.
List of Tables
1 Global Nitro-infused Cola Market Outlook, By Region (2021-2030) ($MN)
2 Global Nitro-infused Cola Market Outlook, By Flavour (2021-2030) ($MN)
3 Global Nitro-infused Cola Market Outlook, By Vanilla Draft Cola (2021-2030) ($MN)
4 Global Nitro-infused Cola Market Outlook, By Cherry Draft Cola (2021-2030) ($MN)
5 Global Nitro-infused Cola Market Outlook, By Citrus Draft Cola (2021-2030) ($MN)
6 Global Nitro-infused Cola Market Outlook, By Coffee Draft Cola (2021-2030) ($MN)
7 Global Nitro-infused Cola Market Outlook, By Spiced Draft Cola (2021-2030) ($MN)
8 Global Nitro-infused Cola Market Outlook, By Other Flavours (2021-2030) ($MN)
9 Global Nitro-infused Cola Market Outlook, By Sales Channel (2021-2030) ($MN)
10 Global Nitro-infused Cola Market Outlook, By Offline (2021-2030) ($MN)
11 Global Nitro-infused Cola Market Outlook, By Online (2021-2030) ($MN)
12 North America Nitro-infused Cola Market Outlook, By Country (2021-2030) ($MN)
13 North America Nitro-infused Cola Market Outlook, By Flavour (2021-2030) ($MN)
14 North America Nitro-infused Cola Market Outlook, By Vanilla Draft Cola (2021-2030) ($MN)
15 North America Nitro-infused Cola Market Outlook, By Cherry Draft Cola (2021-2030) ($MN)
16 North America Nitro-infused Cola Market Outlook, By Citrus Draft Cola (2021-2030) ($MN)
17 North America Nitro-infused Cola Market Outlook, By Coffee Draft Cola (2021-2030) ($MN)
18 North America Nitro-infused Cola Market Outlook, By Spiced Draft Cola (2021-2030) ($MN)
19 North America Nitro-infused Cola Market Outlook, By Other Flavours (2021-2030) ($MN)
20 North America Nitro-infused Cola Market Outlook, By Sales Channel (2021-2030) ($MN)
21 North America Nitro-infused Cola Market Outlook, By Offline (2021-2030) ($MN)
22 North America Nitro-infused Cola Market Outlook, By Online (2021-2030) ($MN)
23 Europe Nitro-infused Cola Market Outlook, By Country (2021-2030) ($MN)
24 Europe Nitro-infused Cola Market Outlook, By Flavour (2021-2030) ($MN)
25 Europe Nitro-infused Cola Market Outlook, By Vanilla Draft Cola (2021-2030) ($MN)
26 Europe Nitro-infused Cola Market Outlook, By Cherry Draft Cola (2021-2030) ($MN)
27 Europe Nitro-infused Cola Market Outlook, By Citrus Draft Cola (2021-2030) ($MN)
28 Europe Nitro-infused Cola Market Outlook, By Coffee Draft Cola (2021-2030) ($MN)
29 Europe Nitro-infused Cola Market Outlook, By Spiced Draft Cola (2021-2030) ($MN)
30 Europe Nitro-infused Cola Market Outlook, By Other Flavours (2021-2030) ($MN)
31 Europe Nitro-infused Cola Market Outlook, By Sales Channel (2021-2030) ($MN)
32 Europe Nitro-infused Cola Market Outlook, By Offline (2021-2030) ($MN)
33 Europe Nitro-infused Cola Market Outlook, By Online (2021-2030) ($MN)
34 Asia Pacific Nitro-infused Cola Market Outlook, By Country (2021-2030) ($MN)
35 Asia Pacific Nitro-infused Cola Market Outlook, By Flavour (2021-2030) ($MN)
36 Asia Pacific Nitro-infused Cola Market Outlook, By Vanilla Draft Cola (2021-2030) ($MN)
37 Asia Pacific Nitro-infused Cola Market Outlook, By Cherry Draft Cola (2021-2030) ($MN)
38 Asia Pacific Nitro-infused Cola Market Outlook, By Citrus Draft Cola (2021-2030) ($MN)
39 Asia Pacific Nitro-infused Cola Market Outlook, By Coffee Draft Cola (2021-2030) ($MN)
40 Asia Pacific Nitro-infused Cola Market Outlook, By Spiced Draft Cola (2021-2030) ($MN)
41 Asia Pacific Nitro-infused Cola Market Outlook, By Other Flavours (2021-2030) ($MN)
42 Asia Pacific Nitro-infused Cola Market Outlook, By Sales Channel (2021-2030) ($MN)
43 Asia Pacific Nitro-infused Cola Market Outlook, By Offline (2021-2030) ($MN)
44 Asia Pacific Nitro-infused Cola Market Outlook, By Online (2021-2030) ($MN)
45 South America Nitro-infused Cola Market Outlook, By Country (2021-2030) ($MN)
46 South America Nitro-infused Cola Market Outlook, By Flavour (2021-2030) ($MN)
47 South America Nitro-infused Cola Market Outlook, By Vanilla Draft Cola (2021-2030) ($MN)
48 South America Nitro-infused Cola Market Outlook, By Cherry Draft Cola (2021-2030) ($MN)
49 South America Nitro-infused Cola Market Outlook, By Citrus Draft Cola (2021-2030) ($MN)
50 South America Nitro-infused Cola Market Outlook, By Coffee Draft Cola (2021-2030) ($MN)
51 South America Nitro-infused Cola Market Outlook, By Spiced Draft Cola (2021-2030) ($MN)
52 South America Nitro-infused Cola Market Outlook, By Other Flavours (2021-2030) ($MN)
53 South America Nitro-infused Cola Market Outlook, By Sales Channel (2021-2030) ($MN)
54 South America Nitro-infused Cola Market Outlook, By Offline (2021-2030) ($MN)
55 South America Nitro-infused Cola Market Outlook, By Online (2021-2030) ($MN)
56 Middle East & Africa Nitro-infused Cola Market Outlook, By Country (2021-2030) ($MN)
57 Middle East & Africa Nitro-infused Cola Market Outlook, By Flavour (2021-2030) ($MN)
58 Middle East & Africa Nitro-infused Cola Market Outlook, By Vanilla Draft Cola (2021-2030) ($MN)
59 Middle East & Africa Nitro-infused Cola Market Outlook, By Cherry Draft Cola (2021-2030) ($MN)
60 Middle East & Africa Nitro-infused Cola Market Outlook, By Citrus Draft Cola (2021-2030) ($MN)
61 Middle East & Africa Nitro-infused Cola Market Outlook, By Coffee Draft Cola (2021-2030) ($MN)
62 Middle East & Africa Nitro-infused Cola Market Outlook, By Spiced Draft Cola (2021-2030) ($MN)
63 Middle East & Africa Nitro-infused Cola Market Outlook, By Other Flavours (2021-2030) ($MN)
64 Middle East & Africa Nitro-infused Cola Market Outlook, By Sales Channel (2021-2030) ($MN)
65 Middle East & Africa Nitro-infused Cola Market Outlook, By Offline (2021-2030) ($MN)
66 Middle East & Africa Nitro-infused Cola Market Outlook, By Online (2021-2030) ($MN)
List of Figures
RESEARCH METHODOLOGY
We at ‘Stratistics’ opt for an extensive research approach which involves data mining, data validation, and data analysis. The various research sources include in-house repository, secondary research, competitor’s sources, social media research, client internal data, and primary research.
Our team of analysts prefers the most reliable and authenticated data sources in order to perform the comprehensive literature search. With access to most of the authenticated data bases our team highly considers the best mix of information through various sources to obtain extensive and accurate analysis.
Each report takes an average time of a month and a team of 4 industry analysts. The time may vary depending on the scope and data availability of the desired market report. The various parameters used in the market assessment are standardized in order to enhance the data accuracy.
Data Mining
The data is collected from several authenticated, reliable, paid and unpaid sources and is filtered depending on the scope & objective of the research. Our reports repository acts as an added advantage in this procedure. Data gathering from the raw material suppliers, distributors and the manufacturers is performed on a regular basis, this helps in the comprehensive understanding of the products value chain. Apart from the above mentioned sources the data is also collected from the industry consultants to ensure the objective of the study is in the right direction.
Market trends such as technological advancements, regulatory affairs, market dynamics (Drivers, Restraints, Opportunities and Challenges) are obtained from scientific journals, market related national & international associations and organizations.
Data Analysis
From the data that is collected depending on the scope & objective of the research the data is subjected for the analysis. The critical steps that we follow for the data analysis include:
- Product Lifecycle Analysis
- Competitor analysis
- Risk analysis
- Porters Analysis
- PESTEL Analysis
- SWOT Analysis
The data engineering is performed by the core industry experts considering both the Marketing Mix Modeling and the Demand Forecasting. The marketing mix modeling makes use of multiple-regression techniques to predict the optimal mix of marketing variables. Regression factor is based on a number of variables and how they relate to an outcome such as sales or profits.
Data Validation
The data validation is performed by the exhaustive primary research from the expert interviews. This includes telephonic interviews, focus groups, face to face interviews, and questionnaires to validate our research from all aspects. The industry experts we approach come from the leading firms, involved in the supply chain ranging from the suppliers, distributors to the manufacturers and consumers so as to ensure an unbiased analysis.
We are in touch with more than 15,000 industry experts with the right mix of consultants, CEO's, presidents, vice presidents, managers, experts from both supply side and demand side, executives and so on.
The data validation involves the primary research from the industry experts belonging to:
- Leading Companies
- Suppliers & Distributors
- Manufacturers
- Consumers
- Industry/Strategic Consultants
Apart from the data validation the primary research also helps in performing the fill gap research, i.e. providing solutions for the unmet needs of the research which helps in enhancing the reports quality.
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