Ginger Beer Market to grow at a CAGR of 6.75% from 2021 to 2027 – Axiom MRC
Research Reports
Apr 28, 2021
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Wilmington, April 28, 2021: Axiom Market Research & Consulting (TM) added a report on the global ginger beer market. The study covers analysis of economic indicators of major countries along with GDP, impact of COVID-19 on global food & beverage industry, government policies, business investments, key marketing strategies etc. The global ginger beer market is projected to grow at a CAGR of 6.75% over the forecast period of 2021 to 2027. The market is estimated and forecasted in terms of revenue (USD million).
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The global ginger beer market is analyzed based on type, application, process, distribution channel, and geography. Alcoholic and non-alcoholic are major two type of the ginger beer accessible to the consumers. The market finds application in retail and catering. Besides, fermentation and non-fermentation are the two major processes which ginger beer goes through. The major distribution channels of the market include convenience stores, supermarkets, speciality stores and online stores. The market is studied across major countries of North America, Europe, Asia Pacific and Rest of the World.
Upsurge in disposable income, extensive range of flavours have increased the demand for the product.
Furthermore, owing to similarity in appearance as alcoholic beverages, young drinkers are encouraged. Non-alcoholic ginger beer is used as a substitute for champagne & beer and for mixing with hard liquor, wine and beer has increased. These factors are anticipated to propel ginger market over the forecasted period. Moreover, non-alcoholic ginger beer used for dry or sore throat, nausea, digestive problems including constipation and vomiting. These factors help the market to grow in estimated time frame.
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The key competitors of this market include Gosling Rum Ltd. (Bermuda), Fever Tree (U.K.), Maine Root Handcrafted Beverages (Brazil), Q- Mixers (U.S.), Spindrift (U.S), C-B Beverages Corp. (U.S), Bundaberg Brewed Drinks (Australia), Reed’s Inc. (U.S), Crabbie’s International (U.K), Nantong Chitsuru Foods Co. Ltd (China), Portland Soda Works (U.S), Euro Globe Distributors Ltd. (U.K), Australia Corporation Pty Ltd. (Australia), Animal International (France), among others.
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