According to Future Market Insights research, the global root beer market is expected to grow steadily. It’s projected that from 2022 to 2032, the market will grow at an average annual rate of 5.4%. This means the market value will increase from USD 861.1 million in 2022 to USD 1,457.0 million by 2032. Back in 2021, the Root Beer market was worth USD 813.1 million. From 2016 to 2021, it grew at an average annual rate of 5.9%.
The global root beer market is set to grow significantly, with Future Market Insights predicting a 5.4% annual growth rate from 2022 to 2032. Root beer, once a homemade concoction of roots, herbs, and spices, is now a popular fizzy drink available in many flavors. Despite competition from other drinks, the market is expanding thanks to the rise of craft root beer, increasing demand for non-alcoholic drinks, and efforts by stores and distributors to make it more accessible.
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Key Important Points – Root Beer Market:
- Craft root beer, with its unique flavors and artisanal production, is driving market growth, appealing to consumers looking for new tastes.
- Consumption Trends by Region:
North America: The USA leads in root beer consumption, with alcoholic versions becoming popular.
Europe: After North America, Europe is a significant market, with consumers favoring non-alcoholic options and innovative flavors.
Asia Pacific: Root beer is catching on in Asia Pacific due to changing lifestyles and western influences, especially in countries like China and Japan. - Traditionally, root beer flavor came from sassafras tree bark, but now alternatives like Smilax medica roots are used due to health concerns and regulations.
- Challenges for root beer include its high sugar content, artificial sweeteners, and caffeine, which may deter health-conscious consumers.
- Supermarkets and distributors are crucial for root beer’s growth, making it more widely available and popular.
Competition – Root Beer Market:
The root beer market is fiercely competitive, with brands like A&W, Barq’s, and IBC leading the pack. Craft root beer brands are also gaining ground, adding variety and innovation to the market.
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Key Players – Root Beer Market:
- Craft
- A&W Restaurants
- Sage Mixology company
- Dr. Pepper Snapple Group
- Crazy Uncle
- Mill Street Brew Hall
- Seagram
- Rhineland Brewing Co
- Best Damn Brewing Co
Key Segmentation – Root Beer Market:
By Type, the Root Beer Market is segmented as:
- Alcoholic
- Non-alcoholic
By End-use, the Root Beer Market is segmented as:
- Ayurvedic medicine
- Food And Beverage
- Dietary Supplements
- Cosmetics
By Region, the Root Beer Market is segmented as:
- North America
- Latin America
- Europe
- Asia Pacific
- Oceania
- Middle East and Africa (MEA)
By Distribution Channel, the Root Beer Market is segmented as:
- Bars And Nightclubs
- Alcohol/Liquor Stores
- Hypermarket/Supermarket
- Direct Selling
- Online
About Future Market Insights (FMI)
Future Market Insights, Inc. (ESOMAR certified, recipient of the Stevie Award, and a member of the Greater New York Chamber of Commerce) offers profound insights into the driving factors that are boosting demand in the market. FMI stands as the leading global provider of market intelligence, advisory services, consulting, and events for the Packaging, Food and Beverage, Consumer Technology, Healthcare, Industrial, and Chemicals markets. With a vast team of over 400 analysts worldwide, FMI provides global, regional, and local expertise on diverse domains and industry trends across more than 110 countries.
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