The ginger beer global market report 2024 from The Business Research Company provides comprehensive market statistics, including global market size, regional shares, competitor market share, detailed segments, trends, and opportunities. This report offers an in-depth analysis of current and future industry scenarios, delivering a complete perspective for thriving in the industrial automation software market.
Ginger Beer Market, 2024 report by The Business Research Company offers comprehensive insights into the current state of the market and highlights future growth opportunities.
Market Size –
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.
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Scope Of Ginger Beer Market
The Business Research Company’s reports encompass a wide range of information, including:
- Market Size (Historic and Forecast): Analysis of the market’s historical performance and projections for future growth.
- Drivers: Examination of the key factors propelling market growth.
- Trends: Identification of emerging trends and patterns shaping the market landscape.
- Key Segments: Breakdown of the market into its primary segments and their respective performance.
- Focus Regions and Geographies: Insight into the most critical regions and geographical areas influencing the market.
- Macro Economic Factors: Assessment of broader economic elements impacting the market.
Ginger Beer Market Overview
Market Drivers –
Increasing awareness regarding health and wellness is expected to propel the growth of the ginger beer market going forward. Health and wellness refer to an overall balance of a person’s physical, social, spiritual, emotional, intellectual, environmental, and occupational well-being. Ginger may help reduce nausea and upset stomach caused by a stomach virus, severe headaches, chemotherapy, or morning sickness during pregnancy. Ginger oil in ginger beer contains antioxidants, which are molecules that protect cells from damage that can lead to illness. For instance, in May 2022, according to an article published by the American Medical Association, a US-based professional association, and lobbying group of physicians and medical students, in 2020, healthcare spending in the United States rose by 9.7% to $4.1 trillion, or $12,530 per person. This pace of growth is significantly higher than that of 2019 (4.3%). Therefore, increasing awareness regarding health and wellness is expected to drive the growth of the ginger beer market.
Market Trends –
Product innovation is a key trend gaining popularity in the ginger beer market. Major companies operating in the market are focusing on launching innovative products to sustain their position in the ginger beer market. For instance, in June 2021, T-Mobile US Inc., a US-based wireless network operator company teamed up with Jones Soda Co to launch 5Ginger Beer, a premium and adaptable non-alcoholic brew that is delicious on its own or as the base for favorite cocktails or mocktails. T-Mobile collaborated with Jones Soda Co., a US-based beverage company to create Extended Range 5Ginger Beer, a premium non-alcoholic brew.
The 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
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Regional Insights –
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.
Key Companies –
Major companies operating in the ginger beer market report are 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.
Table of Contents
- Executive Summary
- Ginger Beer Market Characteristics
- Ginger Beer Market Trends And Strategies
- Ginger Beer Market – Macro Economic Scenario
- Global Ginger Beer Market Size and Growth
……………….
- Key Mergers And Acquisitions In The Ginger Beer Market
- Ginger Beer Market Future Outlook and Potential Analysis
- Appendix
List Of Tables:
Table 1: Global Historic Market Growth, 2018-2023, $ Billion
Table 2: Global Forecast Market Growth, 2023-2028F, 2033F, $ Billion
Table 3: Global Ginger Beer Market, Segmentation By Type, Historic and Forecast, 2018-2023, 2023-2028F, 2033F, $ Billion
Table 4: Global Ginger Beer Market, Segmentation By Process, Historic and Forecast, 2018-2023, 2023-2028F, 2033F, $ Billion
Table 5: Global Ginger Beer Market, Segmentation By Distribution Channel, Historic and Forecast, 2018-2023, 2023-2028F, 2033F, $ Billion
………..
Table 75: Covestro AG Financial Performance
Table 76: Koninklijke DSM NV Financial Performance
Table 77: BASF SE Financial Performance
Table 78: Allnex Belgium SA Financial Performance
Table 79: Dow Inc Financial Performance
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