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Root Beer Market by Product, Distribution Channel, and Geography - Forecast and Analysis 2023-2027

  • Published: Jan 2023
  • Pages: 155
  • SKU: IRTNTR45874
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The root beer market is estimated to grow at a CAGR of 4.32% between 2022 and 2027. The size of the market is forecast to increase by USD 139.76 million. The growth of the market depends on serval factors, including the growing global beer market, the growing demand from millennials, and the emergence of low-ABV cocktails. 

This report extensively covers market segmentation by product (decaffeinated and caffeinated), distribution channel (off-trade and on-trade), and geography (North America, Europe, APAC, South America, and Middle East and Africa). It also includes an in-depth analysis of drivers, trends, and challenges. Furthermore, the report includes historic market data from 2017 to 2021.

What will be the size of the Root Beer Market During the Forecast Period?

Root Beer Market Size

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Parent Market Analysis

Technavio categorizes the global root beer market as a part of the global brewers market within the global food and beverages market. The global brewers market covers producers of beer, craft beer, and malt liquors, including breweries and craft breweries. The market excludes equipment such as commercial beer dispensers and commercial beer kegerators markets.  Our research report has extensively covered external factors influencing the parent market growth during the forecast period.

Root Beer Market: Key Drivers, Trends, Challenges, and Customer Landscape

The emergence of low-ABV cocktails is notably driving the market growth, although factors such as low awareness of root beer and lack of standardized definition of quality may impede the market growth. Our researchers analyzed the data with 2022 as the base year, along with the key drivers, trends, and challenges. A holistic analysis of drivers will help companies refine their marketing strategies to gain a competitive advantage.

Key Root Beer Market Driver

The emergence of low-ABV cocktails is notably driving market growth. Low-alcohol beverages are driving the global alcohol drink market as consumers have become more health-conscious. Many consumers are substituting hard drinks with light drinks. In addition, they also read the nutritional labels on products and demand those that contain lower alcohol content. Root beer, an excellent carrier of flavor, is often used by bartenders and home drinkers to bring out the flavor and depth of a drink without using high-ABV spirits or mixing them with fruit juices. Thus, the emergence of root beer-based cocktails is helping the global market grow at a fast pace.

Furthermore, root beer is usually used in classic cocktails. Millennials are gradually rediscovering these cocktails with the comeback of Italian cocktails like the Negroni and the Americano. Currently, it is also increasingly used in modern craft cocktails. Bartenders in pubs and bars across several countries are introducing new cocktail recipes based on root beer. Thus, factors like these are expected to drive the growth of the global market during the forecast period.

Significant Root Beer Market Trend

The increasing prominence of root beer floats is an emerging trend in the market. The increasing prominence of root beer floats among consumers will have a positive impact on the growth of the market during the forecast period. This trend has become popular among consumers. Some of the popular root beer floats include Bailey float, Barbarian, Black and Brown, Dirk Diggler, and others.

Furthermore, the practice of using root beer with ice creams to make root beer floats is also growing. Non-alcoholic root beer is one of the popular drinks among children in the US. These floats are prepared by mixing vanilla, chocolate, or other flavors of ice creams with root beer. Moreover, alcoholic root beer floats are becoming popular among adults, which will also have a positive impact on the growth of the market during the forecast period.

Major Root Beer Market Challenge

The low awareness of root beer and the lack of a standardized definition of quality are major challenges impeding the market growth. Root beer is still relatively unknown to the masses. Building brand loyalty and adopting new brands takes almost 2-3 years. If new and smaller root beer manufacturers want this to change, they need to invest on a large scale. Currently, many new players are introducing marketing initiatives to highlight their offerings. However, it will still take some time to become popular among the masses.

Additionally, one of the major challenges for the regulators of this market is the lack of a standardized definition of quality for root beer. With the increasing popularity, regulatory bodies are expected to come up with a standardized definition of root beer during the forecast period. Therefore, the low awareness and the lack of a standardized definition of quality are expected to hamper the growth of the global market during the forecast period.

Key Root Beer Market Customer Landscape

The report includes the adoption lifecycle of the market, covering from the innovator’s stage to the laggard’s stage. It focuses on adoption rates in different regions based on penetration. Furthermore, the report also includes key purchase criteria and drivers of price sensitivity to help companies evaluate and develop their growth strategies.

Root Beer Market Share by Geography

Global Root Beer Market Customer Landscape

Who are the Major Root Beer Market Vendors?

Vendors are implementing various strategies, such as strategic alliances, partnerships, mergers and acquisitions, geographical expansion, and product/service launches, to enhance their presence in the market.

AleSmith Brewing Co. - The company operates under one segment. The company under this segment focuses on handcrafted ales prepared in a variety of styles. The key offerings of the company include root beer such as San Diego State Ale.

The report also includes detailed analyses of the competitive landscape of the market and information about 15 market vendors, including:

  • Anheuser Busch InBev SA NV
  • Beerwulf BV
  • BrewDog Plc
  • Cloudwater Brew Co
  • Diageo Plc
  • East 9th Brewing Co.
  • Forbidden Root Restaurant & Brewery
  • Iconic Brewing Co.
  • Keurig Dr Pepper Inc.
  • Kirin Holdings Co. Ltd.
  • Mikkeller APS
  • Mission Brewery
  • Molson Coors Beverage Co.
  • Saranac Brewery
  • Sprecher

Qualitative and quantitative analysis of vendors has been conducted to help clients understand the wider business environment as well as the strengths and weaknesses of key market players. Data is qualitatively analyzed to categorize vendors as pure play, category-focused, industry-focused, and diversified; it is quantitatively analyzed to categorize vendors as dominant, leading, strong, tentative, and weak.

What is the Fastest-Growing Segment in the Root Beer Market?

The market share growth by the decaffeinated segment will be significant during the forecast period. With the increasing awareness of the harmful effects of consuming caffeine, the demand for and sales of decaffeinated products will remain high during the forecast period. 

Root Beer Market Size

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The decaffeinated segment was valued at USD 438.63 million in 2017 and continued to grow until 2021Players operating in this space are coming up with decaffeinated products to cater to the demand of consumers. Most of the new products launched in recent times are decaffeinated. The majority of contemporary root beer variations are caffeine-free. Other types of soda caffeine come from kola nuts, a nut that is frequently utilized in carbonated beverages. The caffeine stimulation comes from the kola nut. However, filtered water, sugar, and sassafras extract are now used in current root beer recipes. These are merely a few basic elements, although they may differ based on the particular brand. Thus, with the increasing demand for decaffeinated products is expected to drive the growth of the segment in the global market during the forecast period.

Which are the Key Regions for the Root Beer Market?

Root Beer Market Share by Geography

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North America is estimated to contribute 40% to the growth of the global market during the forecast period. Technavio’s analysts have elaborately explained the regional trends and drivers that shape the market during the forecast period.

The US and Canada are the leading countries in the market in North America. The growing number of breweries in the country is driving the growth of the market in the US. For instance, the number of craft breweries that serve root beer in the US increased from 6,661 in 2017 to 8,275 in 2019. Thus, the presence of key vendors and the rising number of breweries in the region will drive the growth of the market in the region during the forecast period.

Moreover, vendors are strengthening their market presence by launching new products and opening new breweries in the region. The launch of new flavors of root beer in the region will also increase consumption which will propel the growth of the market in the region during the forecast period.

In 2020, the outbreak of COVID-19 severely affected the growth of the beverages industry in North America. However, the initiation of vaccination drives across North America by the end of 2020 helped industries reopen and resume their production. Restaurants and bars, pubs, and retail outlets also resumed their operations at the beginning of 2021, which helped the demand growth. Moreover, vendors in the region are also focusing on new launches, partnerships, and agreements to increase their product reach and market share. Therefore, such factors are estimated to drive the growth of the market in North America during the forecast period.

Segment Overview

The report forecasts market growth by revenue at global, regional & country levels and provides an analysis of the latest trends and growth opportunities from 2017 to 2027. The market has been segmented by Product (Decaffeinated and Caffeinated), Distribution Channel (Off-trade and On-trade), and Geography (North America, Europe, APAC, South America, and Middle East and Africa).

  • Product Outlook (USD Million, 2017 - 2027)
    • Decaffeinated
    • Caffeinated
  • Distribution Channel Outlook (USD Million, 2017 - 2027)
    • Off-trade
    • On-trade
  • Region Outlook (USD Million, 2017 - 2027)
    • North America
      • The U.S.
      • Canada
    • Europe
      • The U.K.
      • Germany
      • France
      • Rest of Europe
    • APAC
      • China
      • India
    • Middle East & Africa
      • Saudi Arabia
      • South Africa
      • Rest of the Middle East & Africa
    • South America
      • Chile
      • Brazil
      • Argentina

Root Beer Market Scope

Report Coverage

Details

Page number

155

Base year

2022

Historic period

2017-2021

Forecast period

2023-2027

Growth momentum & CAGR

Accelerate at a CAGR of 4.32%

Market growth 2023-2027

USD 139.76 million

Market structure

Fragmented

YoY growth 2022-2023(%)

3.76

Regional analysis

North America, Europe, APAC, South America, and Middle East and Africa

Performing market contribution

North America at 40%

Key countries

US, Canada, France, Germany, and UK

Competitive landscape

Leading Vendors, Market Positioning of Vendors, Competitive Strategies, and Industry Risks

Key companies profiled

AleSmith Brewing Co, Anheuser Busch InBev SA NV, Beerwulf BV, BrewDog Plc, Cloudwater Brew Co, Diageo Plc, East 9th Brewing Co., Forbidden Root Restaurant & Brewery, Iconic Brewing Co., Keurig Dr Pepper Inc., Kirin Holdings Co. Ltd., Mikkeller APS, Mission Brewery, Molson Coors Beverage Co., Saranac Brewery, Sprecher, Stone Brewing Co. LLC, Swinkels Family Brewers, Wild Beer Co, and The Boston Beer Co. Inc.

Market dynamics

Parent market analysis, Market growth inducers and obstacles, Fast-growing and slow-growing segment analysis, COVID-19 impact and recovery analysis and future consumer dynamics, and Market condition analysis for the forecast period. 

Customization purview

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What are the Key Data Covered in this Root Beer Market Report?

  • CAGR of the market during the forecast period
  • Detailed information on factors that will drive the growth of the root beer market between 2023 and 2027
  • Precise estimation of the root beer market size and its contribution to the parent market
  • Accurate predictions about upcoming trends and changes in consumer behavior
  • Growth of the industry across North America, Europe, APAC, South America, and Middle East and Africa
  • A thorough analysis of the market’s competitive landscape and detailed information about vendors
  • Comprehensive analysis of factors that will challenge the growth of root beer market vendors

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1 Executive Summary

  • 1.1 Market overview
    • Exhibit 01: Executive Summary – Chart on Market Overview
    • Exhibit 02: Executive Summary – Data Table on Market Overview
    • Exhibit 03: Executive Summary – Chart on Global Market Characteristics
    • Exhibit 04: Executive Summary – Chart on Market by Geography
    • Exhibit 05: Executive Summary – Chart on Market Segmentation by Product
    • Exhibit 06: Executive Summary – Chart on Market Segmentation by Distribution Channel
    • Exhibit 07: Executive Summary – Chart on Incremental Growth
    • Exhibit 08: Executive Summary – Data Table on Incremental Growth
    • Exhibit 09: Executive Summary – Chart on Vendor Market Positioning

2 Market Landscape

  • 2.1 Market ecosystem
    • Exhibit 10: Parent market
    • Exhibit 11: Market Characteristics

3 Market Sizing

  • 3.1 Market definition
    • Exhibit 12: Offerings of vendors included in the market definition
  • 3.2 Market segment analysis
    • Exhibit 13: Market segments
  • 3.3 Market size 2022
    • 3.4 Market outlook: Forecast for 2022-2027
      • Exhibit 14: Chart on Global - Market size and forecast 2022-2027 ($ million)
      • Exhibit 15: Data Table on Global - Market size and forecast 2022-2027 ($ million)
      • Exhibit 16: Chart on Global Market: Year-over-year growth 2022-2027 (%)
      • Exhibit 17: Data Table on Global Market: Year-over-year growth 2022-2027 (%)

    4 Historic Market Size

    • 4.1 Global root beer market 2017 - 2021
      • Exhibit 18: Historic Market Size – Data Table on Global root beer market 2017 - 2021 ($ million)
    • 4.2 Product Segment Analysis 2017 - 2021
      • Exhibit 19: Historic Market Size – Product Segment 2017 - 2021 ($ million)
    • 4.3 Distribution channel Segment Analysis 2017 - 2021
      • Exhibit 20: Historic Market Size – Distribution channel Segment 2017 - 2021 ($ million)
    • 4.4 Geography Segment Analysis 2017 - 2021
      • Exhibit 21: Historic Market Size – Geography Segment 2017 - 2021 ($ million)
    • 4.5 Country Segment Analysis 2017 - 2021
      • Exhibit 22: Historic Market Size – Country Segment 2017 - 2021 ($ million)

    5 Five Forces Analysis

    • 5.1 Five forces summary
      • Exhibit 23: Five forces analysis - Comparison between 2022 and 2027
    • 5.2 Bargaining power of buyers
      • Exhibit 24: Chart on Bargaining power of buyers – Impact of key factors 2022 and 2027
    • 5.3 Bargaining power of suppliers
      • Exhibit 25: Bargaining power of suppliers – Impact of key factors in 2022 and 2027
    • 5.4 Threat of new entrants
      • Exhibit 26: Threat of new entrants – Impact of key factors in 2022 and 2027
    • 5.5 Threat of substitutes
      • Exhibit 27: Threat of substitutes – Impact of key factors in 2022 and 2027
    • 5.6 Threat of rivalry
      • Exhibit 28: Threat of rivalry – Impact of key factors in 2022 and 2027
    • 5.7 Market condition
      • Exhibit 29: Chart on Market condition - Five forces 2022 and 2027

    6 Market Segmentation by Product

    • 6.1 Market segments
      • Exhibit 30: Chart on Product - Market share 2022-2027 (%)
      • Exhibit 31: Data Table on Product - Market share 2022-2027 (%)
    • 6.2 Comparison by Product
      • Exhibit 32: Chart on Comparison by Product
      • Exhibit 33: Data Table on Comparison by Product
    • 6.3 Decaffeinated - Market size and forecast 2022-2027
      • Exhibit 34: Chart on Decaffeinated - Market size and forecast 2022-2027 ($ million)
      • Exhibit 35: Data Table on Decaffeinated - Market size and forecast 2022-2027 ($ million)
      • Exhibit 36: Chart on Decaffeinated - Year-over-year growth 2022-2027 (%)
      • Exhibit 37: Data Table on Decaffeinated - Year-over-year growth 2022-2027 (%)
    • 6.4 Caffeinated - Market size and forecast 2022-2027
      • Exhibit 38: Chart on Caffeinated - Market size and forecast 2022-2027 ($ million)
      • Exhibit 39: Data Table on Caffeinated - Market size and forecast 2022-2027 ($ million)
      • Exhibit 40: Chart on Caffeinated - Year-over-year growth 2022-2027 (%)
      • Exhibit 41: Data Table on Caffeinated - Year-over-year growth 2022-2027 (%)
    • 6.5 Market opportunity by Product
      • Exhibit 42: Market opportunity by Product ($ million)

    7 Market Segmentation by Distribution Channel

    • 7.1 Market segments
      • Exhibit 43: Chart on Distribution Channel - Market share 2022-2027 (%)
      • Exhibit 44: Data Table on Distribution Channel - Market share 2022-2027 (%)
    • 7.2 Comparison by Distribution Channel
      • Exhibit 45: Chart on Comparison by Distribution Channel
      • Exhibit 46: Data Table on Comparison by Distribution Channel
    • 7.3 Off-trade - Market size and forecast 2022-2027
      • Exhibit 47: Chart on Off-trade - Market size and forecast 2022-2027 ($ million)
      • Exhibit 48: Data Table on Off-trade - Market size and forecast 2022-2027 ($ million)
      • Exhibit 49: Chart on Off-trade - Year-over-year growth 2022-2027 (%)
      • Exhibit 50: Data Table on Off-trade - Year-over-year growth 2022-2027 (%)
    • 7.4 On-trade - Market size and forecast 2022-2027
      • Exhibit 51: Chart on On-trade - Market size and forecast 2022-2027 ($ million)
      • Exhibit 52: Data Table on On-trade - Market size and forecast 2022-2027 ($ million)
      • Exhibit 53: Chart on On-trade - Year-over-year growth 2022-2027 (%)
      • Exhibit 54: Data Table on On-trade - Year-over-year growth 2022-2027 (%)
    • 7.5 Market opportunity by Distribution Channel
      • Exhibit 55: Market opportunity by Distribution Channel ($ million)

    8 Customer Landscape

    • 8.1 Customer landscape overview
      • Exhibit 56: Analysis of price sensitivity, lifecycle, customer purchase basket, adoption rates, and purchase criteria

    9 Geographic Landscape

    • 9.1 Geographic segmentation
      • Exhibit 57: Chart on Market share by geography 2022-2027 (%)
      • Exhibit 58: Data Table on Market share by geography 2022-2027 (%)
    • 9.2 Geographic comparison
      • Exhibit 59: Chart on Geographic comparison
      • Exhibit 60: Data Table on Geographic comparison
    • 9.3 North America - Market size and forecast 2022-2027
      • Exhibit 61: Chart on North America - Market size and forecast 2022-2027 ($ million)
      • Exhibit 62: Data Table on North America - Market size and forecast 2022-2027 ($ million)
      • Exhibit 63: Chart on North America - Year-over-year growth 2022-2027 (%)
      • Exhibit 64: Data Table on North America - Year-over-year growth 2022-2027 (%)
    • 9.4 Europe - Market size and forecast 2022-2027
      • Exhibit 65: Chart on Europe - Market size and forecast 2022-2027 ($ million)
      • Exhibit 66: Data Table on Europe - Market size and forecast 2022-2027 ($ million)
      • Exhibit 67: Chart on Europe - Year-over-year growth 2022-2027 (%)
      • Exhibit 68: Data Table on Europe - Year-over-year growth 2022-2027 (%)
    • 9.5 APAC - Market size and forecast 2022-2027
      • Exhibit 69: Chart on APAC - Market size and forecast 2022-2027 ($ million)
      • Exhibit 70: Data Table on APAC - Market size and forecast 2022-2027 ($ million)
      • Exhibit 71: Chart on APAC - Year-over-year growth 2022-2027 (%)
      • Exhibit 72: Data Table on APAC - Year-over-year growth 2022-2027 (%)
    • 9.6 South America - Market size and forecast 2022-2027
      • Exhibit 73: Chart on South America - Market size and forecast 2022-2027 ($ million)
      • Exhibit 74: Data Table on South America - Market size and forecast 2022-2027 ($ million)
      • Exhibit 75: Chart on South America - Year-over-year growth 2022-2027 (%)
      • Exhibit 76: Data Table on South America - Year-over-year growth 2022-2027 (%)
    • 9.7 Middle East and Africa - Market size and forecast 2022-2027
      • Exhibit 77: Chart on Middle East and Africa - Market size and forecast 2022-2027 ($ million)
      • Exhibit 78: Data Table on Middle East and Africa - Market size and forecast 2022-2027 ($ million)
      • Exhibit 79: Chart on Middle East and Africa - Year-over-year growth 2022-2027 (%)
      • Exhibit 80: Data Table on Middle East and Africa - Year-over-year growth 2022-2027 (%)
    • 9.8 US - Market size and forecast 2022-2027
      • Exhibit 81: Chart on US - Market size and forecast 2022-2027 ($ million)
      • Exhibit 82: Data Table on US - Market size and forecast 2022-2027 ($ million)
      • Exhibit 83: Chart on US - Year-over-year growth 2022-2027 (%)
      • Exhibit 84: Data Table on US - Year-over-year growth 2022-2027 (%)
    • 9.9 Canada - Market size and forecast 2022-2027
      • Exhibit 85: Chart on Canada - Market size and forecast 2022-2027 ($ million)
      • Exhibit 86: Data Table on Canada - Market size and forecast 2022-2027 ($ million)
      • Exhibit 87: Chart on Canada - Year-over-year growth 2022-2027 (%)
      • Exhibit 88: Data Table on Canada - Year-over-year growth 2022-2027 (%)
    • 9.10 UK - Market size and forecast 2022-2027
      • Exhibit 89: Chart on UK - Market size and forecast 2022-2027 ($ million)
      • Exhibit 90: Data Table on UK - Market size and forecast 2022-2027 ($ million)
      • Exhibit 91: Chart on UK - Year-over-year growth 2022-2027 (%)
      • Exhibit 92: Data Table on UK - Year-over-year growth 2022-2027 (%)
    • 9.11 Germany - Market size and forecast 2022-2027
      • Exhibit 93: Chart on Germany - Market size and forecast 2022-2027 ($ million)
      • Exhibit 94: Data Table on Germany - Market size and forecast 2022-2027 ($ million)
      • Exhibit 95: Chart on Germany - Year-over-year growth 2022-2027 (%)
      • Exhibit 96: Data Table on Germany - Year-over-year growth 2022-2027 (%)
    • 9.12 France - Market size and forecast 2022-2027
      • Exhibit 97: Chart on France - Market size and forecast 2022-2027 ($ million)
      • Exhibit 98: Data Table on France - Market size and forecast 2022-2027 ($ million)
      • Exhibit 99: Chart on France - Year-over-year growth 2022-2027 (%)
      • Exhibit 100: Data Table on France - Year-over-year growth 2022-2027 (%)
    • 9.13 Market opportunity by geography
      • Exhibit 101: Market opportunity by geography ($ million)

    10 Drivers, Challenges, and Trends

    • 10.1 Market drivers
      • 10.2 Market challenges
        • 10.3 Impact of drivers and challenges
          • Exhibit 102: Impact of drivers and challenges in 2022 and 2027
        • 10.4 Market trends

          11 Vendor Landscape

          • 11.1 Overview
            • 11.2 Vendor landscape
              • Exhibit 103: Overview on Criticality of inputs and Factors of differentiation
            • 11.3 Landscape disruption
              • Exhibit 104: Overview on factors of disruption
            • 11.4 Industry risks
              • Exhibit 105: Impact of key risks on business

            12 Vendor Analysis

            • 12.1 Vendors covered
              • Exhibit 106: Vendors covered
            • 12.2 Market positioning of vendors
              • Exhibit 107: Matrix on vendor position and classification
            • 12.3 AleSmith Brewing Co
              • Exhibit 108: AleSmith Brewing Co - Overview
              • Exhibit 109: AleSmith Brewing Co - Product / Service
              • Exhibit 110: AleSmith Brewing Co - Key offerings
            • 12.4 Anheuser Busch InBev SA NV
              • Exhibit 111: Anheuser Busch InBev SA NV - Overview
              • Exhibit 112: Anheuser Busch InBev SA NV - Business segments
              • Exhibit 113: Anheuser Busch InBev SA NV - Key offerings
              • Exhibit 114: Anheuser Busch InBev SA NV - Segment focus
            • 12.5 Beerwulf BV
              • Exhibit 115: Beerwulf BV - Overview
              • Exhibit 116: Beerwulf BV - Product / Service
              • Exhibit 117: Beerwulf BV - Key offerings
            • 12.6 BrewDog Plc
              • Exhibit 118: BrewDog Plc - Overview
              • Exhibit 119: BrewDog Plc - Product / Service
              • Exhibit 120: BrewDog Plc - Key offerings
            • 12.7 Cloudwater Brew Co
              • Exhibit 121: Cloudwater Brew Co - Overview
              • Exhibit 122: Cloudwater Brew Co - Product / Service
              • Exhibit 123: Cloudwater Brew Co - Key offerings
            • 12.8 Diageo Plc
              • Exhibit 124: Diageo Plc - Overview
              • Exhibit 125: Diageo Plc - Business segments
              • Exhibit 126: Diageo Plc - Key offerings
              • Exhibit 127: Diageo Plc - Segment focus
            • 12.9 Kirin Holdings Co. Ltd.
              • Exhibit 128: Kirin Holdings Co. Ltd. - Overview
              • Exhibit 129: Kirin Holdings Co. Ltd. - Business segments
              • Exhibit 130: Kirin Holdings Co. Ltd. - Key offerings
              • Exhibit 131: Kirin Holdings Co. Ltd. - Segment focus
            • 12.10 Mikkeller APS
              • Exhibit 132: Mikkeller APS - Overview
              • Exhibit 133: Mikkeller APS - Product / Service
              • Exhibit 134: Mikkeller APS - Key offerings
            • 12.11 Mission Brewery
              • Exhibit 135: Mission Brewery - Overview
              • Exhibit 136: Mission Brewery - Product / Service
              • Exhibit 137: Mission Brewery - Key offerings
            • 12.12 Molson Coors Beverage Co.
              • Exhibit 138: Molson Coors Beverage Co. - Overview
              • Exhibit 139: Molson Coors Beverage Co. - Business segments
              • Exhibit 140: Molson Coors Beverage Co. - Key offerings
              • Exhibit 141: Molson Coors Beverage Co. - Segment focus
            • 12.13 Saranac Brewery
              • Exhibit 142: Saranac Brewery - Overview
              • Exhibit 143: Saranac Brewery - Product / Service
              • Exhibit 144: Saranac Brewery - Key offerings
            • 12.14 Sprecher
              • Exhibit 145: Sprecher - Overview
              • Exhibit 146: Sprecher - Product / Service
              • Exhibit 147: Sprecher - Key offerings
            • 12.15 Stone Brewing Co. LLC
              • Exhibit 148: Stone Brewing Co. LLC - Overview
              • Exhibit 149: Stone Brewing Co. LLC - Product / Service
              • Exhibit 150: Stone Brewing Co. LLC - Key offerings
            • 12.16 Swinkels Family Brewers
              • Exhibit 151: Swinkels Family Brewers - Overview
              • Exhibit 152: Swinkels Family Brewers - Product / Service
              • Exhibit 153: Swinkels Family Brewers - Key offerings
            • 12.17 The Boston Beer Co. Inc.
              • Exhibit 154: The Boston Beer Co. Inc. - Overview
              • Exhibit 155: The Boston Beer Co. Inc. - Product / Service
              • Exhibit 156: The Boston Beer Co. Inc. - Key offerings

            13 Appendix

            • 13.1 Scope of the report
              • 13.2 Inclusions and exclusions checklist
                • Exhibit 157: Inclusions checklist
                • Exhibit 158: Exclusions checklist
              • 13.3 Currency conversion rates for US$
                • Exhibit 159: Currency conversion rates for US$
              • 13.4 Research methodology
                • Exhibit 160: Research methodology
                • Exhibit 161: Validation techniques employed for market sizing
                • Exhibit 162: Information sources
              • 13.5 List of abbreviations
                • Exhibit 163: List of abbreviations
              • from other alcoholic beverages: Growing popularity of other alcoholic beverages such as vodka, rum, tequila, and whiskey in different regions is a challenge for the market. For instance, in the US and European countries such as Germany, France, Italy, Belgium, and Sweden, the demand for other alcoholic beverages such as vodka, rum, and tequila has witnessed an increase, which will hamper the market for beer.
                • income

                  Research Framework

                  Technavio presents a detailed picture of the market by way of study, synthesis, and summation of data from multiple sources. The analysts have presented the various facets of the market with a particular focus on identifying the key industry influencers. The data thus presented is comprehensive, reliable, and the result of extensive research, both primary and secondary.

                  TechnavioINFORMATION SOURCES

                  Primary sources

                  • Manufacturers and suppliers
                  • Channel partners
                  • Industry experts
                  • Strategic decision makers

                  Secondary sources

                  • Industry journals and periodicals
                  • Government data
                  • Financial reports of key industry players
                  • Historical data
                  • Press releases
                  Technavio

                  TechnavioDATA ANALYSIS

                  Data Synthesis

                  • Collation of data
                  • Estimation of key figures
                  • Analysis of derived insights

                  Data Validation

                  • Triangulation with data models
                  • Reference against proprietary databases
                  • Corroboration with industry experts
                  Technavio

                  TechnavioREPORT WRITING

                  Qualitative

                  • Market drivers
                  • Market challenges
                  • Market trends
                  • Five forces analysis

                  Quantitative

                  • Market size and forecast
                  • Market segmentation
                  • Geographical insights
                  • Competitive landscape
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                  Root Beer market growth will increase by $139.76 million during 2023-2027.
                  The root beer market is expected to grow at a CAGR of 4.32% during 2023-2027.
                  Technavio has segmented the root beer market by product (Decaffeinated and Caffeinated) ,distribution channel (Off-trade, On-trade, APAC, South America, and MEA) , and geography (North America, Europe, APAC, South America, and Middle East and Africa).
                  AleSmith Brewing Co, Anheuser Busch InBev SA NV, Beerwulf BV, BrewDog Plc, Cloudwater Brew Co, Diageo Plc, East 9th Brewing Co., Forbidden Root Restaurant & Brewery, Iconic Brewing Co., Keurig Dr Pepper Inc., Kirin Holdings Co. Ltd., Mikkeller APS, Mission Brewery, Molson Coors Beverage Co., Saranac Brewery, Sprecher, Stone Brewing Co. LLC, Swinkels Family Brewers, Wild Beer Co, The Boston Beer Co. Inc. are a few of the key vendors in the root beer market.
                  North America will register the highest growth rate of 39.62% among the other regions. Therefore, the root beer market in North America is expected to garner significant business opportunities for the vendors during the forecast period.
                  • US
                  • Canada
                  • France
                  • Germany
                  • UK
                  The key factors driving the root beer market growth are:
                  • Growing global beer market
                  • Increasing prominence of root beer floats
                  The root beer market vendors should focus on grabbing business opportunities from the decaffeinated segment as it accounted for the largest market share in the base year.
                  • What are the key global market and the regional market share?
                  • What are the revenue-generating key market segments?
                  • What are the key factors driving and challenging this market’s growth?
                  • Who are the key market vendors and their growth strategies?
                  • What are the latest trends influencing the growth of this market?
                  • What are the variables influencing the market growth in the primary regions?
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