Dublin, Aug. 04, 2021 (GLOBE NEWSWIRE) -- The "Global Root Beer Market By Type (Alcoholic Root Beer Vs Non-Alcoholic Root Beer), By Form (Carbonated and Non-carbonated), By Distribution Channel (Supermarket/ Hypermarket, Liquor Shops, Online Sales, and Others), By Company, By Region, Forecast & Opportunities, 2026" report has been added to ResearchAndMarkets.com's offering.
The Global Root Beer Market is anticipated to grow at a substantial rate during the forecast period, due to the increasing consumers demand for alcoholic drinks containing less alcohol which is leading to change in their preference from hard drinks to light drinks.
Moreover, availability of a wide variety of flavours is positively influencing the market growth over the coming years. Furthermore, growing preference for healthier lifestyle such as consumption of healthier food and beverages, is anticipated to bolster the market growth through 2026.
Based on the type, the market is segmented into alcoholic root beer and non-alcoholic root beer. Out of which, alcoholic root beer is anticipated to grow at a high
CAGR during the forecast period which can be attributed to the increased demand for alcoholic root beer among the population.
Based on distribution channel, the market is fragmented into supermarket/hypermarket, specialty stores, liquor shops, online sales, departmental stores and others. Out of which, the supermarket/hypermarket is forecast to dominate in the next 5 years on account of easy availability and good discounts.
In terms of regional analysis, North America is the leading region in the Global Root Beer Market, which is accredited to increasing urbanization, presence of a large youth population and rising disposable income.
The major players operating in the Global Root Beer Market are Craft, A&W Restaurants, Sage Mixology company, Dr Pepper Snapple Group, Crazy Uncle, Mill Street Brew Hall, Seagram, Rhineland Brewing Co., Best Damn Brewing Co, Anheuser-Busch InBev and others.
Major companies are developing advanced technologies and launching new products in order to stay competitive in the market. Other competitive strategies include mergers & acquisitions, partnership, agreements in order to expand their geographic reach and to increase their customer basis.
Years considered for this report:
Historical Years: 2016-2019
Base Year: 2020
Estimated Year: 2021
Forecast Period: 2022-2026
Global Root Beer Market, By Type:
Alcoholic Root Beer
Non-Alcoholic Root Beer
Global Root Beer Market, By Form:
Global Root Beer Market, By Distribution Channel:
Global Root Beer Market, By Region:
Middle East & Africa
Company Profiles: Detailed analysis of the major companies present in the Global Root Beer Market.
The Craft Beer Company
A&W Restaurants, Inc.
Sage Mixology Company
Dr Pepper Snapple Group
Mill Street Brew Hall
Seagram Company Limited
Rhineland Brewing Co.
Best Damn Brewing Co
For more information about this report visit https://www.researchandmarkets.com/r/34m94g
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