The global ginger beer market is positioned for rapid expansion, with a 7.1% CAGR expected between 2022 and 2032. It is projected to grow from its estimated to increase in value from US$ 4.7 billion in 2022 to US$ 9.3 billion by 2032. This
The demand of younger customers for lighter, less sugary beverages and the health benefits of ginger beer—which give it a peppery flavor—are what are driving development.
Between 2022 and 2032, the ginger beer market is projected to expand at an astounding compound annual growth rate (CAGR) of 7.1%. The market for ginger beer is expected to have increased from its current valuation of US$ 4.7 billion in 2022 to a valuation of approximately US$ 9.3 billion by the end of 2032.
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Ginger beer is gaining popularity among consumers due to its spicy flavour and health benefits. In addition, the global ginger beer market share is being driven by consumers’ transition from calorie-dense to lighter, less sweet beverages.
The younger generation has been drinking more and more ginger beer lately, according to the Future Market Insights study on the market analysis for the beverage. The primary reason for this surge is the numerous health advantages associated with ginger beer consumption.
The epidemic-caused lockdown also led to higher product sales, which aided in the market expansion of the off-trade distribution channel segment of the worldwide ginger beer market.
The worldwide ginger beer industry, meanwhile, is being constrained by rigorous laws and limits imposed on the sales of ginger beer by the governments of many different nations. Such restrictions are placed due to the negative consequences of the artificial components and added sugar being used by some ginger beer manufactures.
Key Takeaways from Market Study
- The overall growth of the global ginger beer market is estimated to be around US$ 4.7 Billion during the coming decade by following the average CAGR of 7.1%.
- The non-alcoholic product segment holds the major share of the ginger beer market of about 75%, while the alcoholic segment is expected to witness the highest growth rate of 8.4%.
- The flavored ginger beer products are the higher selling category contributing almost 60% of the revenue share. On the other hand, original ginger beer is getting popular in recent years with an estimated CAGR of 6.2% for the forecast years of 2022 to 2032.
- Traditionally, on-trade distribution channels have remained the dominant segment for the ginger beer market growth by occupying a market share of more than 60%. However, with the rising popularity of the product the off-trade distribution channel is expected to witness a growth rate of 8% during the projected timeframe.
- Among the broad geographical regions, North America holds more than 35% of the ginger beer market share. Contrastingly, Asia Pacific ginger beer market is gaining momentum in recent years with an overall growth rate of 8.4% projected for the years 2022 to 2032.
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Competitive Landscape
Some of the well-known ginger beer market players are Crabbie’s Alcoholic Ginger Beer, BUNDABERG BREWED DRINKS, Fever-Tree, Fentimans, RACHEL’S GINGER BEER, Gunsberg, Natrona Bottling Company, Beer Goslings Rum, Old Jamaica Ginger Beer, Q MIXERS, Stoli Group USA LLC, and Barritt’s Beverages International Ltd among others.
Recent Developments in the Global Ginger Beer Market:
- East 9th introduced Lick Pier Tropical Ginger Beer in Sept 2021 that is a new category featuring tropical fruit tastes like pineapple and passion fruit. This initiative was undertaken by the ginger beer company to provide consumers with a variety of taste options and enhance the company’s sales.
- Spinifex Brewing Company made an announcement in July 2021 about the introduction of a brand-new, non-alcoholic ginger beer that was infused with the native superfood Kakadu plum, which is also known as gubinge collected by Aboriginal tribes in Western Australia’s Kimberley area.
Ginger Beer Market by Segmentation
By Type:
- Alcoholic
- Non-alcoholic
By Flavor:
- Original
- Flavored
By Distribution Channel:
- On-trade
- Off-trade
By Region:
- North America
- Latin America
- Europe
- East Asia
- South Asia
- Oceania
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Future Market Insights, Inc. (ESOMAR certified, recipient of the Stevie Award, and a member of the Greater New York Chamber of Commerce) offers profound insights into the driving factors that are boosting demand in the market. FMI stands as the leading global provider of market intelligence, advisory services, consulting, and events for the Packaging, Food and Beverage, Consumer Technology, Healthcare, Industrial, and Chemicals markets. With a vast team of over 5000 analysts worldwide, FMI provides global, regional, and local expertise on diverse domains and industry trends across more than 110 countries.
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