Is the Root Beer Market Seeing a Sweet Comeback by 2032?
Root beer is growing increasingly well between millennials, and the global foodservice market is growing, which are all major drivers of market growth. Due to the closures and restrictions placed on bars, restaurants, and hotels around the globe to the Coronavirus outbreak, the supply chain and distribution of root beer were disrupted. According to the 2020 ProWein Business Report, the COVID-19 affected about 77% of hotels, causing a 60% decline in sector wide turnover while driving a 91% decline in restaurant sales by year 2020.
Global Root Beer Market size was valued at USD 797.7 million in 2023 and is poised to grow from USD 832.8 million in 2024 to USD 1175.29 million by 2032, growing at a CAGR of 4.4% during the forecast period (20252032).
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The lockdown and travel restrictions, however, have benefited the market in some countries. Sassafras tree root bark has traditionally been used to start making root beer, a popular drink in North America. Because of its distinct flavor and low alcohol content, the beverage is becoming more and more popular on a global scale. A number of businesses, including Dad's Root Beer, Anheuser-Busch Companies, LLC, and Keurig Dr. Pepper, are exporting their root beer. Sassafras root bark, wintergreen leaves, honey, sugar, molasses, vanilla extract, and water are the typical ingredients of non-alcoholic root beer. Black cherry bark, sassafras, vanilla, wintergreen, sweet birch, cinnamon, acacia, anise, nutmeg, licorice root, and caramel are a few of the root beer's wellknown flavors. It also has a number of health benefits.
Market Segmentation:
Global Root Beer Market is segmented by Product, Type, Packaging, Flavour, Distribution Channel, End User and region.
Based on Product, the market is segmented into Alcoholic and Nonalcoholic.
Based on Type, the market is segmented into Conventional and Diet. Based on Packaging, the market is segmented into Plastic & Glass Bottles and Cans.
Based on Flavour, the market is segmented into Vanilla, Nutmeg, Sweet birch, Wintergreen, Molasses, Cherry tree husk and Others.
Based on Distribution Channel, the market is segmented into On-trade and Off-trade.
Based on End User, the market is segmented into Ayurvedic medicine, Food And Beverage, Dietary Supplements and Cosmetics.
Based on region, the market is segmented into North America, Europe, Asia Pacific, Latin America and Middle East & Africa.
Root Beer Market Key Players:
A&W Root Beer (United States)
Bundaberg Brewed Drinks (Australia)
Sprecher Brewery (United States)
Filbert's Old Time Sodas (United States)
Stewart's Fountain Classics (United States)
Dad's Root Beer (United States)
Hires Root Beer (United States)
Mug Root Beer (United States)
IBC Root Beer (United States)
Virgil's Root Beer (United States)
Boylan Bottling Co. (United States)
Sioux City Root Beer (United States)
Frostie Root Beer (United States)
Henry Weinhard's Root Beer (United States)
Jones Soda Co. (United States)
Old Town Root Beer Company (United States)
Appalachian Brewing Company (United States)
Dang! That's Good Root Beer (United States)
Abita Brewing Company (United States)
Essential regions of the Root Beer market are:
ΓÇó Root Beer North America Market includes (Canada, Mexico, USA)
ΓÇó Root Beer Europe Market includes (Germany, France, Great Britain, Italy, Spain, Russia)
ΓÇó Root Beer Asia-Pacific Market includes (China, Japan, India, South Korea, Australia)
ΓÇó Middle East and Africa (Saudi Arabia, United Arab Emirates, South Africa)
ΓÇó Root Beer South America Market includes (Brazil, Argentina)
FAQs: -
1. What are the sales, production, consumption, imports, and exports of the global market (North America, Europe, Asia-Pacific, South America, Middle East, and Africa)?
2. Who are the major manufacturers who dominate the world market?
3. What are their current capacity, production, sales, pricing, cost, gross, and revenue operating levels?
4. What are the market's risks and opportunities?
What's more, it likewise covers the request and give of the promoting research concentrate in the assessed figure time frame. Explained investigation of the market players with their profile, deals examination and serious scene is given in the report. Besides, organization, joint effort and consolidations in the business are referenced for the accommodation of the investigation of the global Root Beer industry.
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Objectives of the Study:
ΓÇó To forecast the market size, in terms of value, for various segments with respect to five main regions, namely, North America, Europe, AsiaPacific (APAC), Latin America (LATAM), Middle East & Africa (MEA)
ΓÇó To provide detailed information regarding the major factors influencing the growth of the Market (drivers, restraints, opportunities, and challenges)
ΓÇó To strategically analyze the micro markets with respect to the individual growth trends, future prospects, and contribution to the total market
ΓÇó To provide a detailed overview of the value chain and analyze market trends with the Porter's five forces analysis
ΓÇó To analyze the opportunities in the market for various stakeholders by identifying the high-growth Segments
ΓÇó To identify the key players and comprehensively analyze their market position in terms of ranking and core competencies, along with detailing the competitive landscape for the market leaders
ΓÇó To analyze competitive development such as joint ventures, mergers and acquisitions, new product launches and development, and research and development in the market
Looking ahead, the Root Beer Market is poised for continued growth, driven by evolving consumer preferences and ongoing innovations. The trend towards sustainability is expected to strengthen, with more consumers seeking products that align with their values. Additionally, the integration of advanced technologies and digital platforms will likely further enhance market accessibility and consumer engagement. The global Root Beer Market is a dynamic and evolving landscape, shaped by a confluence of trends and factors.
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