Ginger Beer Market 2023 - In Depth Insights, Business Strategies, Industry Size And Forecast 2032 || John Crabbie & Company Limited, Bundaberg Brewed Drinks Pty Ltd., Fevertree Drinks plc

The Business Research Company's global market reports are now updated with the latest market sizing information for the year 2023 and forecasted to 2032

Ginger Beer Market Size, Growth Rate, And Forecast

The global ginger beer market is expected to grow from $6.85 billion in 2022 to $7.36 billion in 2023 at a compound annual growth rate (CAGR) of 7.4%. The Russia-Ukraine war disrupted the chances of global economic recovery from the COVID-19 pandemic, at least in the short term. The war between these two countries has led to economic sanctions on multiple countries, a surge in commodity prices, and supply chain disruptions, causing inflation across goods and services and affecting many markets across the globe. The ginger beer market is expected to grow to $9.62 billion in 2027 at a CAGR of 6.9%.

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Ginger Beer 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.

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Ginger Beer Market Segments

• By Type: Alcoholic, Non-alcoholic

• By Process: Fermented, Non-Fermented

• By Distribution Channel: Supermarket, Convenience Stores, Specialty Stores, Online Stores

• By Application: Retail, Catering

• By Geography: Asia-Pacific, Western Europe, Eastern Europe, North America, South America, Middle East, Africa. North America was the largest region in the ginger beer market.

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Ginger Beer Market Key Players
Major competitors in the ginger beer market include John Crabbie & Company Limited, Bundaberg Brewed Drinks Pty Ltd., Fevertree Drinks plc., Fentimans, Rachel's Ginger Beer, Gunsberg, Goslings Rum, Old Jamaica Ginger Beer.

The Business Research Company's "Global Ginger Beer Market Report 2023" is a comprehensive report of the market, covering over 60 geographies and high level market segmentation per geography. The section on regional and country breakdowns examines the market in each geography as well as market size by region and country. Furthermore, it evaluates the market's historical and projected growth and identifies significant trends and strategies that businesses can use to expand their operations.

The Table Of Content For The Ginger Beer Market Include:
1. Executive Summary
2. Ginger Beer Market Characteristics
3. Ginger Beer Market Trends And Strategies
4. Ginger Beer Market - Macro Economic Scenario
5. Ginger Beer Market Size And Growth
………………
27. Ginger Beer Market Competitive Landscape And Company Profiles
28. Key Mergers And Acquisitions In The Ginger Beer Market
29. Ginger Beer Market Future Outlook and Potential Analysis
30. Appendix

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