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Ginger Ale Market Size, Share, Business Growth, Trends And Forecast To 2033
Ginger Ale Market Overview
The Business Research Company presents an extensive market research report on the Ginger Ale Global Market Report 2024, furnishing businesses with a competitive edge through a detailed examination of the market structure, encompassing estimates for various segments and sub-segments.
Furthermore, the report highlights on emerging trends, significant drivers, challenges, and opportunities, providing all necessary data for thriving in the industry. This report market research offers a comprehensive perspective, including an in-depth analysis of the present and future scenarios within the industry.
Market Sizing:
The ginger ale market size has grown strongly in recent years. It will grow from $2.63 billion in 2023 to $2.79 billion in 2024 at a compound annual growth rate (CAGR) of 6.0%. The growth in the historic period can be attributed to cultural roots, marketing campaigns, prohibition era influence, health trends, mixology and cocktails.
The ginger ale market size is expected to see strong growth in the next few years. It will grow to $3.52 billion in 2028 at a compound annual growth rate (CAGR) of 6.0%. The growth in the forecast period can be attributed to consumer preferences, sustainability and ethical consumption, e-commerce growth, functional beverages demand, mixology and culinary trends, global expansion. Major trends in the forecast period include craft and artisanal varieties, low-sugar and natural ingredients, functional beverages, premiumization, flavor infusions and blends.
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Key Market Players:
Major companies operating in the ginger ale market report are Dr Pepper/Seven Up Inc., Boylan Bottling Co., Hansen's Natural Corporation, Vernors and Hansen Natural Corporation, Buffalo Rock Company, Schweppes International Limited, Polar Beverages, Bruce Cost Fresh LLC, Zevia LLC, Fever-Tree Limited, Seagram Company Ltd., Reed's Inc., Bundaberg Brewed Drinks Pty Ltd, Fentimans Ltd, Honest Tea Inc., Harney & Sons LLC, Thomas Henry GmbH & Co. KG, Jones Soda Co., Boylan Heritage LLC, A-Treat Bottling Company, Red Rock Cola Inc., White Rock Beverages Inc., Q Mixers Inc., Regatta Craft Mixers, Maine Root LLC, Blenheim Bottling Company, Mason's Drinks Ltd, Llanllyr Source Ltd, Boots Beverages Inc., Gosling's Ltd.
Market Drivers:
The rising number of health-conscious people is expected to boost the growth of the ginger ale market. Health-conscious people are individuals having an active interest in healthy lifestyles. Ginger's antioxidants have anti-inflammatory properties, and potential advantages for nausea, migraines, and heart health are worth considering. Health-conscious people look for healthy food and beverage options for several reasons, including providing various health benefits and preferring healthier beverages with significant health benefits, which drives the ginger ale market. For instance, in March 2021, a survey conducted by the Kerry Group plc, an Ireland-based public food company, includes 2, 662 beverage consumers across the UK, Germany, Poland, and Spain, 65% of functional beverage consumers are more concerned about their health since COVID-19. Therefore, the rising number of health-conscious people is driving the growth of the ginger ale market.
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https://www.thebusinessresearchcompany.com/report/ginger-ale-global-market-report
The ginger ale market covered in this report is segmented -
1) By Type: Golden Ginger Ale, Dry Ginger Ale
2) By Distribution Channel: Convenience Stores, Hypermarkets/Supermarkets, Specialty Stores, Online Sale Channel
The report answers the following questions:
What are the primary factors propelling the market during the projected period?
In which region is the most substantial growth expected?
Which trend will take center stage in the upcoming period?
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