Fruit Beer Market is Growing & will Touch the CAGR of 6.1% by the Year 2032-Read Full Report

The global fruit beer market is worth US$ 317.5 Mn as of now and is expected to reach US$ 573 Mn at a CAGR of 6.1% between 2022 and 2032.Fruit beer, as the name suggests, comes across as a non-alcoholic beer made from fermentation of fruits like strawberries, raspberries, and various others as an addition to grains. The major advantage is that fruit beer could be consumed by people of almost every age group due to low ABV (alcohol by volume) ratio. The millennials are also getting increasingly driven by urge to have a healthy mind in healthy body. Besides, fruit beers do contain folic acid, vitamins, dietary fibers, and minerals, which prove to be great sources of nutrition.

The manufacturers are also trying out various flavors, more so as consumers are asking for them. The good part is that the last 22 years have seen 5% of the world turning non-alcoholic. With this percentage likely to increase, there would be hardly anything to stop the fruit beer market from growing in the next few years.

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These days, hordes of campaigns are being conducted regarding ill-effects of intake of alcohol. This factor is bound to turn the entire tide of beverages in favour of fruit beer. Increasing penetration of internet has prompted the marketing companies to qualitatively use e-Commerce channels to reach out to the purchasers.

However, it needs to be noted that counterfeit products are being floated - like low-alcohol beer and craft beer. This factor may restrain the fruit beer market going forward. Future Market Insights has etched these findings with insights in its latest market study entitled 'Fruit Beer Market'.

Key Takeaways from Fruit Beer Market

Europe holds the largest market share due to increasing awareness regarding mindful drinking. Russia, Spain, and Germany are at the forefront in this regard. Regions like Belgium are also expected to go great guns in the fruit beer market in the years to come.
North America stands second on this count due to the US population getting choosier over intake of non-alcoholic beverages.
Coming to the Asia-Pacific, Malaysia, Indonesia, and China are expected to lead the market voraciously.

"With emphasis on healthy socializing, demand for fruit beers by virtue of them being rich in strawberries, raspberries, and likewise is at a 'high'. This factor is all set to accelerate the fruit beer market", says an analyst from Future Market Insights.

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Competitive Analysis

Sea Dog Brewing Co., in June 2020, tabled dark cherry, blueberry, and raspberry hard seltzer beers all across the US.
St Peter's Brewery Co Ltd., in May 2019, came up with 0.0% alcohol fruit beer called 'Without Elderberry & Raspberry' in the UK to cater to the ever-increasing demand for natural, healthier, and nutritionally balanced drinks (in other words, alcohol-free drinks).
Anheuser-Busch InBev, in collaboration with Heineken, came up with non-alcoholic beer all over India, so as to stand strong against giants like PepsiCo Inc. and Coca-Cola Company in the brick and mortar restaurants and mortar stores.
Ghia is known for its Yuzu juice (non-alcoholic aperitifs made out of Riesling white juice concentrate). There are the other extracts drawn from fig and orange as well.
Lyre's Spirit Co. intends replicating popular spirits like bourbon, gin, absinthe, and likewise such that they are free from alcohol.
NA all-American whiskey and NA London-dry style gin from Monday are aimed towards people handling Sober Curious movement, those longing for non-hangover drinking experience, and also pregnant women.
Ritual Zero Proof based out of Chicago yields non-alcoholic gin, tequila, gin, and whiskey made out of individually distilled, all-natural botanicals.

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What does the Report Cover?

Future Market Insights offers an exclusive perspective and various real-time insights on the fruit beer market in its latest study, presenting historical demand assessment of 2016 - 2021 and projections for 2022 - 2032.

The research study is based on flavor (raspberry-flavored beer, peach-flavored beer, blueberry-flavored beer, cherry-flavored beer, plum-flavored beer, and other fruit flavored beer), and by distribution channel (fruit beer sales via supermarkets/hypermarkets, fruit beer sales via departmental stores, fruit beer sales via specialty stores, and fruit beer sales via online retailers).

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Future Market Insights (ESOMAR certified market research organization and a member of Greater New York Chamber of Commerce) provides in-depth insights into governing factors elevating the demand in the market. It discloses opportunities that will favor the market growth in various segments on the basis of Source, Application, Sales Channel and End Use over the next 9-years.

This release was published on openPR.