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Ginger Ale Market Report 2024-2033 | Share, Trends, Demand, overview
Ginger Ale Market
The Business Research Company offers in-depth market insights through Ginger Ale Global Market Report 2024, providing businesses with a competitive advantage by thoroughly analyzing the market structure, including estimates for numerous segments and sub-segments.
Market Size And Growth Forecast:
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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Market Segmentation:
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
Major Driver - The Surge In Health-Conscious Consumers Fuels The Ginger Ale Market
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.
Competitive Landscape:
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.
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Top Trend - Diageo New Carbonated Mixers Refreshing Choices For Every Palate
Major companies operating in the ginger ale market are focused on introducing advanced solutions, such as carbonated mixers, to gain a competitive edge in the market. Carbonated mixers are non-alcoholic beverages that contain carbonated water, which adds a refreshing and effervescent quality to cocktails and other mixed drinks. For instance, in March 2022, Diageo plc, a UK-based Beverage company launched Johnnie Walker Refreshing Mixer (Non-alcoholic) and Black & White Ginger Ale. Johnnie Walker Refreshing Mixer (Non-alcoholic) and Black & White Ginger Ale are carbonated mixers designed to add flavor to in-home and outdoor beverage consumption. The Johnnie Walker Refreshing Mixer is a bespoke non-alcoholic beverage crafted by the brand's master blenders. The Black & White Ginger Ale is a light fizzy drink infused with natural flavors.
The Table Of Content For The Market Report Include:
1. Executive Summary
2. Ginger Ale Market Characteristics
3. Ginger Ale Market Trends And Strategies
4. Ginger Ale Market - Macro Economic Scenario
5. Ginger Ale Market Size And Growth
…..
27. Ginger Ale Market Competitor Landscape And Company Profiles
28. Key Mergers And Acquisitions
29. Future Outlook and Potential Analysis
30. Appendix
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