Published Date: 24-Nov-2022
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According to a new report, published by KBV research, The Global Ginger Beer Market size is expected to reach $6.7 billion by 2028, rising at a market growth of 6.9% CAGR during the forecast period.
The Alcoholic market is showcasing a CAGR of 7.3% during (2022 - 2028). The rising tendency of customers to reduce the amount of alcohol in their beverages and drinks is likely to drive the segment's growth. In response to the trend, manufacturers offer non-alcoholic drinks with various health benefits.
The Flavored market is leading the segment in the Global Ginger Beer Market by Flavor in 2021; thereby, achieving a market value of $4.2 billion by 2028. In the years to come, the demand for the beverage will expand even higher as a direct result of the numerous health advantages provided by these goods. Beer that contains natural ginger extract is enriched with putative bioactive phytoconstituents such as shagaol, zingerone, zingerone, ginger flavonoids, and essential oils, as well as essential nutritional components such as proteins, vitamins, and minerals.
The Off-trade market is registering a CAGR of 7.5% during (2022 - 2028). Root beer retailers may be found in the off-trade distribution channel, which also includes supermarkets, hypermarkets, retail shops, caterers, beer/specialty stores, and online shopping platforms. It is anticipated that consumers would gravitate toward e-commerce as a result of its user-friendliness and the availability of a diverse range of items on a single platform, which will fuel the expansion of the category.
The North America market dominated the Global Ginger Beer Market by Region in 2021; thereby, achieving a market value of $2.3 billion by 2028. The Europe market is poised to grow at a CAGR of 6.6% during (2022 - 2028). Additionally, The Asia Pacific market would witness a CAGR of 7.4% during (2022 - 2028).
Full Report: https://www.kbvresearch.com/ginger-beer-market/
The market research report has exhaustive quantitative insights providing a clear picture of the market potential in various segments across the globe with country wise analysis in each discussed region. The key impacting factors of the market have been discussed in the report with the elaborated company profiles of Fever-Tree Drinks PLC, Fentimans Ltd., Crabbie’s Alcoholic Ginger Beer (Halewood Artisanal Spirits (UK) Limited), Bundaberg Brewed Drinks Pty Ltd., Rachel's Ginger Beer, Gunsberg, Natrona Bottling Company, Goslings Export (Bermuda) Limited and Q Tonic, LLC
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