Global Root Beer Market 2024-2028
Technavio has been monitoring the root beer market and is forecast to grow by USD 143.6 mn during 2023-2028, accelerating at a CAGR of 4.28% during the forecast period. Our report on the root beer market provides a holistic analysis, market size and forecast, trends, growth drivers, and challenges, as well as vendor analysis covering around 25 vendors.
The report offers an up-to-date analysis regarding the current market scenario, the latest trends and drivers, and the overall market environment. The market is driven by growing global beer market, growing demand from millennials, and emergence of low-abv cocktails.
Technavio's root beer market is segmented as below:
By Product
By Distribution Channel
By Geography
- North America
- Europe
- APAC
- South America
- Middle East and Africa
This study identifies the increasing prominence of root beer floats as one of the prime reasons driving the root beer market growth during the next few years. Also, use of root beer flavor in other spirit segments and expansion of online distribution channels will lead to sizable demand in the market.
Technavio presents a detailed picture of the market by the way of study, synthesis, and summation of data from multiple sources by an analysis of key parameters. Our report on the root beer market covers the following areas:
- Root beer market sizing
- Root beer market forecast
- Root beer market industry analysis
Technavio's robust vendor analysis is designed to help clients improve their market position, and in line with this, this report provides a detailed analysis of several leading root beer market vendors that include AleSmith Brewing Co., Anheuser Busch InBev SA NV, Beerwulf BV, BrewDog Plc, Cloudwater Brew Co., Diageo Plc, East 9th Brewing Co., Forbidden Root Restaurant and Brewery, Iconic Brewing Co., Keurig Dr Pepper Inc., Kirin Holdings Co. Ltd., Mikkeller APS, Mission Brewery, Molson Coors Beverage Co., Saranac Brewery, Sprecher, Stone Brewing Co. LLC, Swinkels Family Brewers, The Boston Beer Co. Inc., and Wild Beer Co.. Also, the root beer market analysis report includes information on upcoming trends and challenges that will influence market growth. This is to help companies strategize and leverage all forthcoming growth opportunities.
The study was conducted using an objective combination of primary and secondary information including inputs from key participants in the industry. The report contains a comprehensive market and vendor landscape in addition to an analysis of the key vendors.
Technavio presents a detailed picture of the market by the way of study, synthesis, and summation of data from multiple sources by an analysis of key parameters such as profit, pricing, competition, and promotions. It presents various market facets by identifying the key industry influencers. The data presented is comprehensive, reliable, and a result of extensive research - both primary and secondary. Technavio's market research reports provide a complete competitive landscape and an in-depth vendor selection methodology and analysis using qualitative and quantitative research to forecast accurate market growth.