Global Ginger Beer market growth 2024, Forecast To 2033
4 Mar, 2024
The ginger beer market size has grown strongly in recent years. It will grow from $7.38 billion in 2023 to$7.94 billion in 2024 at a compound annual growth rate (CAGR) of 7.6%. The growth in the historic period can be attributed to cultural and heritage significance, craft beverage movement, health and wellness trends, mixology and cocktails, flavor innovation, niche and premium markets. The ginger beer market size is expected to see strong growth in the next few years. It will grow to $10.6 billion in 2028 at a compound annual growth rate (CAGR) of 7.5%. The growth in the forecast period can be attributed to continued health consciousness, flavor diversification, premiumization and branding, global culinary influence, sustainability and ethical practices, convenience and on-the-go consumption. Major trends in the forecast period include alcoholic ginger beer segment, global flavor influences, sustainable packaging practices, on-the-go convenience, marketing emphasis on craftsmanship.
Global Ginger Beer Market Key Driver
The ginger beer market is witnessing growth propelled by increasing consumer awareness of health and wellness benefits. Ginger beer, known for its potential to alleviate nausea, upset stomachs, and headaches, contains antioxidants that contribute to overall well-being. With healthcare spending in the United States rising to $4.1 trillion in 2020, according to the American Medical Association, there is a growing emphasis on preventive healthcare practices. Therefore, the escalating awareness of health and wellness is driving consumer interest in ginger beer, reflecting anticipated market sizes for 2023, 2024, and 2028.
Get A Free Sample Of The Global Ginger Beer Market ReportGlobal Ginger Beer Market Segments
The global ginger beer market covered in this report is segmented –
1) By Type: Alcoholic, Non-alcoholic
2) By Process: Fermented, Non-Fermented
3) By Distribution Channel: Supermarket, Convenience Stores, Specialty Stores, Online Stores
4) By Application: Retail, Catering
By Geography: The regions covered in the ginger beer market report are Asia-Pacific, Western Europe, Eastern Europe,North America, South America, Middle East, and Africa.
North America was the largest region in the ginger beer market share in 2023. The regions covered in the ginger beer market report are Asia-Pacific, Western Europe, Eastern Europe, North America, South America, Middle East, Africa.
Major Ginger Beer Industry Players
Covestro AG, Koninklijke DSM NV, BASF SE, Allnex Belgium SA, Dow Inc., H.B. Fuller Company, Wanhua Chemical Group Co. Ltd., SNP Inc., Kamsons Chemicals Pvt. Ltd., Axalta Coating Systems Ltd., The Sherwin-Williams Company, Perstorp AB, C.L Hauthaway & Son Corporation, Lamberti S.p.A., Sun Polymers International Inc., R. STAHL GmbH, Chemtura Corporation, Lanxess AG, Lubrizol Corporation, Bayer MaterialScience AG, PPG Industries Inc., Capital Resin Corporation, Walter Wurdack Inc., Palmer Holland Inc., SIWO US Inc., Brilliant Group Inc., Aditya Birla Chemicals Ltd., Hauthaway Corporation, Henkel AG & Co. KGaA, Huntsman Corporation, Nippon Polyurethane Industry Co. Ltd.
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Ginger Beer Market Overview
Ginger beer refers to a fizzy drink prepared from syrup and ginger that is occasionally moderately alcoholic. Drinking ginger beer may have some advantageous health effects, mostly because of the beverage's main component. Ginger beer is also used root to treat nausea and other stomach problems.
Ginger Beer Global Market Report 2023 provides data on the global ginger beer market such as market size, growth forecasts, segments and geographies, competitive landscape including leading competitors’ revenues, profiles and market shares. The ginger beer market report identifies opportunities and strategies based on market trends and leading competitors’ approaches.