Global Fruit Beer Market Analysis, Size, Growth, Share, Trend, Outlook & Forecast to 2027
Fruit Beer Market Growth & Trends The global fruit beer market size is expected to reach USD 379.5 million by 2027, exhibiting a CAGR of 4.5% over the forecast period, according to a new report by Grand View Research, Inc. Growing popularity of alcohol free beer among millennials as an occasional drink during after-office hours and weekends is expected to remain a favorable factor for the industry growth over the next few years. In terms of flavor, the market is bifurcated into peach, raspberry, cherry, apricot, and others. Raspberry flavored beer accounted for the largest share of 29.9% in 2019 owing to high popularity of this fruit flavor among young consumers. Cherry flavored beer is expected to expand at the fastest CAGR of 5.1% over the forecast period owing to high popularity of this fruit flavor among female consumers. Moreover, increasing product availability at supermarkets and hypermarkets is expected to contribute to the segment growth. On-trade sales channel accounted for a share of 65.4% in 2019. Growing trend of socializing at bars, pubs, and liquor lounges owing to availability of a variety of options is a major factor driving the sale of fruit beer through on-trade distribution channel. Increasing number of microbreweries across the world is also expected to drive the on-trade channel segment. Browse full report with Table of Content (PDF with All Related Graph and Chart) @: https://www.grandviewresearch.com/industry-analysis/fruit-beer-market