Attractive Opportunities in Root Beer Market by Product and Geography - Forecast and Analysis 2020-2024

Attractive Opportunities in Root Beer Market by Product and Geography - Forecast and Analysis 2020-2024

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NEW YORK, Oct. 13, 2021 /PRNewswire/ -- The root beer market is set to grow by USD 97.64 million, progressing at a CAGR of 4%, from 2020 to 2024. The report offers an up-to-date analysis regarding the current market scenario, the latest trends and drivers, and the overall market environment.

Read Free Sample Report to explore growth opportunities in the root beer market.

The root beer market is fragmented, and the degree of fragmentation will accelerate during the forecast period. The growing global beer market will offer immense growth opportunities. To leverage the current opportunities, market vendors must strengthen their foothold in the fast-growing segments while maintaining their positions in the slow-growing segments.

Root Beer Market 2020-2024: Segmentation

  • Product
    • Decaffeinated
    • Caffeinated
  • Geography
    • North America
    • Europe
    • APAC
    • South America
    • MEA

For additional information on each segment of the market, Request a Free Sample Now!

Root Beer Market 2020-2024: Vendor Analysis and Scope

To help businesses improve their market position, Technavio's report provides a detailed analysis of around 25 vendors operating in the market. Some of the major vendors of the root beer market include Anheuser Busch InBev SA/NV, BrewDog Plc, Cloudwater Brew Co., Diageo Plc, Kirin Brewery Co. Ltd., Mikkeller ApS, Molson Coors Beverage Co., Saranac Brewery, Stone Brewing Co., and The Boston Beer Co. Inc. Backed with competitive intelligence and benchmarking, our research report on the root beer market is designed to provide entry support, customer profile, and M&As as well as go-to-market strategy support.

The report also covers the following areas:

The growing demand from millennials is likely to emerge as one of the primary drivers of the market. However, factors such as lower awareness of root beer and lack of standardized quality definition may threaten the growth of the market.

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Root Beer Market 2020-2024: Key Highlights

  • CAGR of the market during the forecast period 2020-2024
  • Detailed information on factors that will assist root beer market growth during the next five years
  • Estimation of the root beer market size and its contribution to the parent market
  • Predictions on upcoming trends and changes in consumer behavior
  • The growth of the root beer market
  • Analysis of the market's competitive landscape and detailed information on vendors
  • Comprehensive details of factors that will challenge the growth of root beer market vendors

Related Reports:

  • Dark Beer Market: The dark beer market has been segmented by distribution channel (off trade and on trade) and geography (North America, Europe, APAC, South America, and MEA). Download Free Sample Report Now
  • Craft Beer Market: The craft beer market has been segmented by product (India pale ale, seasonal craft beer, pale ale, amber ale, and other craft beer) and geography (North America, Europe, APAC, South America, and MEA). Download Free Sample Report Now 

Root Beer Market Scope

Report Coverage

Details

Page number

120

Base year

2019

Forecast period

2020-2024

Growth momentum & CAGR

Accelerate at a CAGR of 4%

Market growth 2020-2024

USD 97.64 million

Market structure

Fragmented

YoY growth (%)

1.92

Regional analysis

North America, Europe, APAC, South America, and MEA

Performing market contribution

North America at 42%

Key consumer countries

US, Germany, UK, France, and Canada

Competitive landscape

Leading companies, competitive strategies, consumer engagement scope

Companies profiled

Anheuser Busch InBev SA/NV, BrewDog Plc, Cloudwater Brew Co., Diageo Plc, Kirin Brewery Co. Ltd., Mikkeller ApS, Molson Coors Beverage Co., Saranac Brewery, Stone Brewing 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 future consumer dynamics, market condition analysis for the forecast period

Customization purview

If our report has not included the data that you are looking for, you can reach out to our analysts and get segments customized.

Download FREE Sample and get additional root beer market highlights.

About Us

Technavio is a leading global technology research and advisory company. Their research and analysis focus on emerging market trends and provides actionable insights to help businesses identify market opportunities and develop effective strategies to optimize their market positions. With over 500 specialized analysts, Technavio's report library consists of more than 17,000 reports and counting, covering 800 technologies, spanning across 50 countries. Their client base consists of enterprises of all sizes, including more than 100 Fortune 500 companies. This growing client base relies on Technavio's comprehensive coverage, extensive research, and actionable market insights to identify opportunities in existing and potential markets and assess their competitive positions within changing market scenarios.

Contact

Technavio Research

Jesse Maida

Media & Marketing Executive

US: +1 844 364 1100

UK: +44 203 893 3200

Email: media@technavio.com

Website: www.technavio.com/

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SOURCE Technavio

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