The global root beer industry market is anticipated to grow at a staggering CAGR in the forthcoming period. A root beer is also called as Ginger beer since it contains the root of ginger plant. The original ingredient is ginger root, followed by water, sugar, citric or phosphoric acid, carbon dioxide, sodium benzoate, gum acacia, cinnamon oil, clove oil, lemon oil, vanillin and caramel colour. —
Root beer is basically a North American beverage prepared using the sassafras tree or the vine as chief flavour. The variants may comprise alcohol or no alcohol. Caffeine is totally absent or is added externally and can be carbonated or non-carbonated form.
Commercially, the root beer is widely available all across North America owing to enormous production and consumer preference.
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Market Drivers and Restraints:
Root beer industry market is driven by factors such as rise in population, increase in disposable income, wide acceptance to western culture and high preference of beer and chilled beverages. Rise in travel & tourism business coupled with increased demand for beer also boosts the root beer industry. Root beer is highly preferred by all age groups above 16, which contains no alcohol and can be consumed easily, also impacts the market growth and development further. In addition, availability of root beers in different tastes and variants is likely to contribute significantly to the market growth in the forecast period. Availability of root beer with a wide range of flavour creates favourable market conditions for further market development. However, availability of cheap substitutes is likely to create a hindrance for market growth in the near future.
Flavour segmentation root beer industry market include
• Liquorice Root
• Cherry Tree Husk
Distribution Channel segmentation for root beer industry market include
• Specialty stores
• Liquor shops
• Retail stores
• Online sales
Geographical segmentation for root beer industry market includes
• North America
• South-East Asia
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In The News:
North America root beer industry accounts for a significant market share due to massive production, rise in disposable income and wide consumption among the population. Europe is anticipated to follow the trend. Asia-Pacific market is also expected to rise at a higher rate due to growing demand by consumers and quality exports from the west.
You will find following details in this report:
In the Global Root Beer Industry Market Analysis & Forecast 2018-2023, the revenue is valued at USD XX million in 2017 and is expected to reach USD XX million by the end of 2023, growing at a CAGR of XX% between 2018 and 2023. The production is estimated at XX million in 2017 and is forecasted to reach XX million by the end of 2023, growing at a CAGR of XX% between 2018 and 2023.
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Prominent players for root beer industry market include
• DR PEPPER SNAPPLE GROUP
• THE COCA-COLA Company
• Sprecher Brewing Co
• The Dad’s Root Beer Company LLC
• Berghoff Beer
• Whole Foods Market LLP
• Stewart’s Restaurants
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