The global Ginger Beer market is seeing several joint ventures to intensify the capability of manufacturers and/or companies to establish geographic footprints to new territory. The vendors are accelerating M&A strategies to expand their geographical reach, which is shaping the market toward new growth cycle. The list of players that are profiled in the study are Bundaberg Brewed Drinks (Australia), Fever-Tree (United Kingdom), Fentimans Ltd. (United Kingdom), Reed’s Inc. (United States), Crabbie’s (United Kingdom), Maine Root Handcrafted Beverages (United States), Reggae Refreshers (Jamaica), Cawston Press (United Kingdom), Stone’s Original (Australia), Old Jamaica Ginger Beer (United Kingdom).
According to HTF Market Intelligence, the Global Ginger Beer market to witness a CAGR of 7.1% during forecast period of 2023-2028. Global Ginger Beer Market Breakdown by Type (Alcoholic Ginger Beer, Non-Alcoholic Ginger Beer) by Packaging Types (Bottles (Glass or Plastic), Cans, On-tap, Others) by Distribution Channels (Supermarkets, Hypermarkets, Convenience Stores, Bars and Restaurants, Others) by End User (Personal Consumption, Beverage Industry, Food Industry, Hospitality and Catering Services, Others) and by Geography (North America, South America, Europe, Asia Pacific, MEA). The Ginger Beer market size is estimated to increase by USD xx Billion at a CAGR of 7.1% from 2023 to 2028. The report includes historic market data from 2017 to 2022E. Currently, market value is pegged at USD xx Billion.
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The ginger beer market refers to the segment of the beverage industry that focuses on the production, distribution, and consumption of ginger beer. Ginger beer is a carbonated non-alcoholic beverage that is made from ginger, sugar, and other ingredients such as lemon juice or spices. It has a distinct ginger flavor and is known for its spicy and refreshing taste.
Ginger Beer market – Key Segment Analysis
The market share growth by the xx segment will be significant during the forecast period. The segment is driven by the Health Benefits Associated with Ginger
Rising Popularity of Non-Alcoholic Beverages.
Ginger Beer market – Competition Analysis
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Ginger Beer
Market Drivers
- Health Benefits Associated with Ginger
- Rising Popularity of Non-Alcoholic Beverages
Market Trend
- Premiumization and Craft Movement
- Flavored and Artisanal Varieties
Market Opportunities
- Diversification and Innovation
- Global Expansion
Market Restraints
- Limited Consumer Awareness
- Intense Competition
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FIVE FORCES & PESTLE ANALYSIS:
In order to better understand market conditions five forces analysis is conducted that includes the Bargaining power of buyers, Bargaining power of suppliers, Threat of new entrants, Threat of substitutes, and Threat of rivalry.
- Political (Political policy and stability as well as trade, fiscal, and taxation policies)
- Economical (Interest rates, employment or unemployment rates, raw material costs, and foreign exchange rates)
- Social (Changing family demographics, education levels, cultural trends, attitude changes, and changes in lifestyles)
- Technological (Changes in digital or mobile technology, automation, research, and development)
- Legal (Employment legislation, consumer law, health, and safety, international as well as trade regulation and restrictions)
- Environmental (Climate, recycling procedures, carbon footprint, waste disposal, and sustainability)
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