Root Beer Market Competitive Landscape, Global Trends And Opportunities 2030

Root Beer Industry Overview

The global root beer market size was estimated at USD 728.1 million in 2021 and is anticipated to grow at a compound annual growth rate (CAGR) of 4.6% from 2022 to 2030.

The market growth is driven by the increasing demand for low-alcoholic beverages, the rising popularity of root beer among millennials, and the growing foodservice market globally. The outbreak of Coronavirus disrupted the global root beer supply chain and distribution channel owing to the closure and restrictions on bars, restaurants, and hotels globally. According to the 2020 ProWein Business Report, the COVID-19 affected around 77% of hotels, with turnover declining by 60% across the sector, while restaurants saw sales decline by 91% by the end of 2020.

Gather more insights about the market drivers, restrains and growth of the Global Root Beer Market

However, in some countries, the market has benefited from the lockdown and travel restrictions. Root beer is a North American drink that’s been traditionally made using the root bark of the sassafras tree. The drink is gaining popularity globally owing to its unique taste and less alcoholic content. Numerous companies, such as Keurig Dr. Pepper, Anheuser-Busch Companies, LLC, and Dad’s Root Beer, are offering their root beer globally. Typical non-alcoholic root beer contains sassafras root bark, wintergreen leaf, honey or sugar, molasses, vanilla extract, and water. Some of the popular flavors in root beer are black cherry bark, sassafras, vanilla, wintergreen, sweet birch, cinnamon, acacia, anise, nutmeg, licorice root, and caramel. Also, it offers various health benefits.

Browse through Grand View Research’s Alcohol & Tobacco Industry Research Reports

• Canned Alcoholic Beverages Market: The global canned alcoholic beverages market size was valued at USD 10.01 billion in 2021 and is expected to expand at a compound annual growth rate (CAGR) of 21.9% from 2022 to 2030.
• Heated Tobacco Products Market: The global heated tobacco products market size to be valued at USD 77.61 billion by 2025 and is expected to grow at a compound annual growth rate (CAGR) of 52.56% during the forecast period.

Market Share Insights

• July 2021: Warped Wing Soda Co. announced that it will be soon releasing a caffeine- & gluten-free non-alcoholic root beer.

Key Companies Profile

Some of the prominent players in the global root beer market include:

• Keurig Dr. Pepper
• Anheuser-Busch Companies, LLC.
• Blitz-Weinhard Brewing Co.
• Dad’s Root Beer
• Sprecher Brewing Co. Inc.
• The Berghoff
• Bundaberg Brewed Drinks
• Whole Foods Market IP, L.P.

Order a free sample PDF of Root Beer Market Intelligence Study, published by Grand View Research.