(EMAILWIRE.COM, July 26, 2023 ) Maximize Market research expects, the Root Beer Market to grow from USD 897.23 Bn in 2022 to USD 1237.5 Bn in 2029 at a CAGR of 4.7 percent

Root Beer Market Report Scope and Research Methodology

The Root Beer Market report gathered its data through a meticulous combination of primary and secondary research methods to ensure its authenticity. Primary research involved distributing questionnaires, conducting surveys, and holding phone interviews with Root Beer industry experts, market leaders, marketing professionals, and entrepreneurs. To estimate the global and regional Root Beer market size, a bottom-up approach was employed.

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Root Beer Market Dynamics

Increasing demand for diverse flavors driving the growth of the Root Beer Market. Rising disposable income and economic development further fuel this trend. Online retail and e-commerce platforms have emerged as crucial channels, facilitating direct-to-consumer sales for non-alcoholic beverages.

Root Beer Market Regional Insights

North America led the market in 2022, driven by strong cultural associations and the popularity of root beer. Europe is a fast-growing market, due to the choice of root beer amongst adult, family, and youth consumers.

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Root Beer Market Segmentation

By Product Type
Alcoholic Root Beer
Non-alcoholic Root Beer

By Form
Carbonated
Non-Carbonated

By Distribution Channel
Retail stores
Online platform

By Packaging
Bottles (plastic & glass bottles)
Cans

By Flavor
Vanilla
Nutmeg
Sweet birch
Wintergreen
Molasses
Cherry tree husk
Others

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Root Beer Market's Key Competitors include:

Barq's
Keurig Dr Pepper Inc. (A&W, Hires)
Anheuser-Busch InBev NV (Mug Root Beer)
Reed's, Inc.
Sprecher Brewing Co.
Boylan Bottling Co.
IBC Root Beer
Thomas Kemper Soda Co.
Dad's Root Beer
Frostie Root Beer

Maximize Market Research is leading Food and Beverages research firm, has also published the following reports:

Ginger Beer Market- The market size is expected to grow at a CAGR of 8.99 percent through the forecast period to reach USD 18.02 Billion.

Beer Market- The market size is expected to grow to USD 917.2 Bn by 2029 with a CAGR of 4.28 percent from 2023 to 2029.

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