Global Ginger Beer Market is Likely to Grow a CAGR of 9.58% during the Forecast Period

The latest market report published by Credence Research, Inc. “Global Ginger Beer Market: Growth, Future Prospects, and Competitive Analysis, 2016 – 2028”. The Global Ginger Beer Market generated revenue of around USD 9,057.00 million in 2021 and is anticipated to grow a CAGR of over 9.58% during the forecast period from 2021 to 2028 to reach around USD 18,036.22 million in 2028. While, cumulative growth opportunity presented by the global Ginger Beer is around USD 106.75 billion during 2022 to 2028.

Global Ginger Beer Market, 2021 – 2028 (USD Million)

Browse the full report at  Ginger Beer Market Size, Trends, Share and Growth Report | Forecast to 2028 (credenceresearch.com)

Ginger beer is a drink that’s widely accepted worldwide due to its carbonated properties. It’s a well-enjoyed beverage that’s served in pubs, clubs, cafes, and restaurants, making it pretty demanded, especially in North and South America. Ginger beer is made by fermenting prepared ginger spice and adding yeast and sugar. The sugar makes it sweetened; sometimes extra syrup is added for more taste.

Often, ginger beer is mistaken for ginger ale. However, both of these drinks are different from each other. They’re prepared differently and also have a contrasting taste. Ginger ale is carbonated water that tastes like ginger. At the same time, ginger beer is properly fermented as it’s a beer.

Non-alcoholic Ginger Beer to Grow at Rapid Pace

Alcoholic Beverage and Non-Alcoholic Beverage are some of the important types of Ginger Beer. Non-Alcoholic Beverage segment of ginger beer dominate the industry with vast majority of revenue generated in 2021. Non-Alcoholic Beverage also expected to exhibit rapid growth over the forecast period. However, alcoholic ginger beer is expected to grow in demand at slow pace as compare to Non-Alcoholic ginger beer.

HoReCa (Hotels, Restaurants and Cafe) to Govern Future Growth of Ginger Beer Industry

Household, HoReCa (Hotels, Restaurants and Cafe) and Catering are major Sales Channel for the global Ginger Beer industry. HoReCa (Hotels, Restaurants and Cafe) segment by sales channel held the largest share of global Ginger Beer industry in 2021 with over 45% contribution to revenue generated by Ginger Beer market. Wide reaching network of HoReCa (Hotels, Restaurants and Cafe) serving alcoholic as well as non-alcoholic ginger beer across the world is major factor driving the demand for ginger beer.

North America is Leading Ginger Beer Demand

North America is leading the Ginger Beer industry with over 30% share in 2021. High level of awareness among end0users regarding benefits offered by the ginger beer is prime factor driving demand for ginger beer in the report. Europe is second leading market for ginger beer. However, Asia Pacific is also expected to increase in its share over the forecast period.

Major players operating in the Ginger Beer industry include but not limited to MAVIG, AADCO Medical, Bundaberg Brewed Drinks, C-B Beverages Corp., Crabbie’s International, Epimed, Fever Tree, Gosling Rum Ltd., Maine Root Handcrafted Beverages (MRHB), Q- Mixers, Reed’s Inc., Scanflex Medical, Spindrift, Wardray Premise and Wolf X-Ray Corporation. Global Ginger Beer market is characterized by the presence of large number of manufacturers across the world. Increasing production capacity in order to achieve economies of scale and growing in market share is primary focus of the industry participants.

Market Segmentation

Global Ginger Beer Market by Type, 2016 – 2028

  • Alcoholic Beverage
  • Non-Alcoholic Beverage

Global Ginger Beer Market by Distribution Channel, 2016 – 2028

  • Household
  • HoReCa (Hotels, Restaurants and Cafe)
  • Catering

Global Ginger Beer Market by Company, 2016 – 2028

  • MAVIG
  • AADCO Medical
  • Bundaberg Brewed Drinks
  • C-B Beverages Corp.
  • Crabbie’s International
  • Epimed
  • Fever Tree
  • Gosling Rum Ltd.
  • Maine Root Handcrafted Beverages (MRHB)
  • Q- Mixers
  • Reed’s Inc.
  • Scanflex Medical
  • Spindrift
  • Wardray Premise
  • Wolf X-Ray Corporation
  • Others