Global Ginger Beer Market By Type (Alcoholic Ginger Beer, On-Alcoholic Ginger Beer), By Flavor (Original Ginger Beer, Flavored Ginger Beer), By Distribution Channel (On-Trade, Off-Trade), By Geographic Scope and Forecast
Published on: 2024-08-02 | No of Pages : 320 | Industry : latest updates trending Report
Publisher : MIR | Format : PDF&Excel
Global Ginger Beer Market By Type (Alcoholic Ginger Beer, On-Alcoholic Ginger Beer), By Flavor (Original Ginger Beer, Flavored Ginger Beer), By Distribution Channel (On-Trade, Off-Trade), By Geographic Scope and Forecast
Ginger Beer Market Size And Forecast
Ginger Beer Market size was valued at USD 9.85 Billion in 2024 and is projected to reach USD 14.35 Billion by 2031, growing at a CAGR of 5.32% from 2024 to 2031.
- Ginger beer is a carbonated beverage made from fermented ginger, sugar, water, and occasionally lemon juice and other flavorings. Unlike ginger ale, which is merely carbonated water flavored with ginger, traditional ginger beer is fermented, resulting in a somewhat alcoholic drink, though non-alcoholic variants are also readily available.
- Ginger beer is often used as a refreshing beverage on its own, but it is also a favorite mixer in cocktails, particularly the Moscow Mule and Dark ‘n’ Stormy. Its powerful, spicy flavor makes it a versatile component in a variety of culinary applications, such as marinades, sauces, and sweets.
- The future of the ginger beer business appears bright, buoyed by rising consumer interest in creative beverages and health-conscious alternatives. The market is predicted to grow due to advances in flavor diversity, organic and low-sugar formulas, and sustainable manufacturing processes. Furthermore, the increasing popularity of non-alcoholic beverages creates considerable potential opportunities for ginger beer manufacturers. As consumers continue to seek out distinctive and premium beverage experiences, the ginger beer industry is positioned for long-term expansion and diversity.
Global Ginger Beer Market Dynamics
The key market dynamics that are shaping the global ginger beer market include
Key Market Drivers
- Health Consciousness Growing consumer awareness of the health benefits of ginger, such as its digestive assistance and anti-inflammatory characteristics, is boosting demand for ginger-based beverages such as ginger beer. Consumers prefer natural and functional beverages over sugary alternatives, which contributes to market growth.
- Premiumization and Craft Beverages Premium and craft beverages, such as ginger beer, are becoming increasingly popular around the world. Craft ginger beers frequently use high-quality ingredients, traditional brewing methods, and distinct flavor profiles, appealing to customers seeking authenticity and distinctive taste experiences. In January 2024, the US Alcohol and Tobacco Tax and Trade Bureau (TTB) reported that the number of registered craft beverage producers, including those producing alcoholic ginger beer, increased by 12% in 2023 compared to the previous year, indicating a growing market for premium and craft beverages.
- Rising Popularity of Alcoholic Variants Alcoholic ginger beer versions are becoming increasingly popular, particularly in bars and restaurants where they are used to make cocktails. Alcoholic ginger beer is a pleasant and spicy alternative to regular beer and mixed beverages, targeting younger demographics and broadening the market reach beyond non-alcoholic customers.
- Globalization and Market ExpansionProducers of ginger beer are increasingly focused on developing their global market presence. This includes expanding into new geographical regions, diversifying product lines, and utilizing digital marketing tactics to reach a larger consumer audience. The globalization of food and beverage tastes has accelerated the emergence of ginger beer as a diverse and globally recognized beverage alternative.
Key Challenges
- Fluctuating Raw Material Costs The cost of important components like ginger, sugar, and other flavorings might fluctuate depending on weather conditions, agricultural productivity, and market demand. This volatility can cause inconsistencies in production costs, influencing ginger beer businesses’ pricing and profitability.
- Regulatory ComplianceThe ginger beer market is subject to severe laws on food safety, labeling, and alcohol level (for alcoholic variants). Ensuring compliance with these regulations can be difficult and expensive, especially for smaller producers that may lack the resources to traverse the regulatory landscape effectively.
- Intense Competition The market is extremely competitive, with both established brands and new entrants battling for market share. This competition can result in price wars, increased marketing expenses, and the need for ongoing innovation to differentiate products, all of which can strain resources and reduce profit margins.
- Changing Consumer Preferences Consumer preferences are continually changing, with a growing demand for healthier, lower-sugar, and organic alternatives. Keeping up with these developments necessitates significant investment in research and development, as well as the flexibility to adapt manufacturing techniques, which can be difficult for traditional ginger beer makers.
Key Trends
- Growing Popularity of Craft and Premium Products Consumers are increasingly looking for high-quality, artisanal ginger beer options with distinct flavors and ingredients. This trend is propelling the popularity of small-batch, artisan ginger beer businesses that value authenticity, natural ingredients, and superior taste.
- Increasing Demand for Non-Alcoholic Beverages Rising demand for non-alcoholic ginger beer is increasing as more people seek healthier, alcohol-free options. This trend is being driven by the burgeoning health and wellness movement, as well as the growing popularity of sober inquisitive lifestyles and mindful drinking.
- Expansion of Flavored Varieties Manufacturers are producing a variety of flavored ginger beer options to meet the various tastes of their customers. These include varieties with extra fruits, spices, and herbs including lemon, lime, mint, and berry flavors, which serve to attract new customers while also retaining existing ones by providing a range of taste experiences.
- Increasing Focus on Sustainability Sustainability is becoming a big trend in the ginger beer market, with customers preferring firms that respect environmental policies. This includes procuring organic and sustainably cultivated foods, using environmentally friendly packaging, and lowering the carbon footprint of manufacturing operations. Brands that can successfully communicate their sustainability efforts will certainly gain a competitive advantage.
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Global Ginger Beer Market Regional Analysis
Here is a more detailed regional analysis of the global ginger beer market
North America
- North America is experiencing a surge in demand for craft and luxury beverages, including ginger beer. According to the search results, the Brewers Association reported that total craft beer production in the United States fell by 1% in 2023 compared to 2022, hitting 23.4 million barrels.
- North American customers prefer healthier beverages made with natural ingredients due to rising health consciousness. The Food and Drug Administration (FDA) announced that sales of “natural” beverages increased 15% in 2023 compared to the previous year. Ginger beer, which is frequently seen as a healthier alternative to standard sodas due to its natural ingredients and potential digestive advantages, has benefited from this trend. According to the Natural Marketing Institute’s 2023 poll, 68% of North American consumers choose beverages with natural ingredients.
- The popularity of ginger beer-based cocktails has grown dramatically in North America. According to the National Restaurant Association’s 2024 State of the Industry Report, cocktail sales in US restaurants and bars climbed by 9% in 2023, with ginger beer-based cocktails such as Moscow Mules among the most popular drinks. Furthermore, the Distilled Spirits Council noted that sales of spirits used in ginger beer cocktails, such as vodka and rum, increased by 5.3% in volume in 2023, adding to the demand for ginger beer as a mixer.
Asia Pacific
- The Asia-Pacific region’s economic expansion has resulted in higher disposable income and shifting consumer preferences towards premium and innovative beverages. According to the Asian Development Bank’s 2023 study, the region’s average disposable income increased by 5.8% in 2022, with an expected increase of 6.2% in 2023. This economic prosperity has increased the market for luxury beverages such as artisan ginger beer. The survey also stated that consumer spending on non-alcoholic beverages in Asia-Pacific will rise by 7.5% in 2022, with ginger beer being one of the fastest-growing categories.
- In the Asia-Pacific region, there is a growing awareness of ginger’s health advantages and a strong impact of traditional medicine. According to the World Health Organization’s 2023 report on Traditional and Complementary Medicine in the Western Pacific Region, 76% of the population uses traditional remedies on a regular basis, including ginger-based items. Furthermore, a 2023 survey by Asia Pacific Food Industry journal discovered that 62% of regional consumers chose beverages with perceived health benefits, increasing demand for functional drinks such as ginger beer.
- The fast spread of modern retail formats and e-commerce platforms in Asia-Pacific has considerably increased accessibility to ginger beer. According to the United Nations Conference on Trade and Development (UNCTAD), e-commerce sales in Asia-Pacific will reach USD 2.9 Trillion in 2023, representing an annual growth rate of 18.3%. The report also stated that beverage sales through e-commerce platforms in the region will expand by 25% in 2023, with specialty beverages such as ginger beer enjoying particularly strong growth. This increase of retail channels has made it easier for consumers to obtain a broader range of ginger beer products, resulting in market growth.
Global Ginger Beer MarketSegmentation Analysis
The Global Ginger Beer Market is segmented on the basis of Type, Flavor, Distribution Channel, and Geography.
Ginger Beer Market, By Type
- Alcoholic Ginger Beer
- Non-Alcoholic Ginger Beer
Based on Type, the Global Ginger Beer Market is segmented into Alcoholic Ginger Beer, on-Alcoholic Ginger Beer. Non-Alcoholic Ginger Beer dominates due to its appeal and health-conscious consumer trends, while Alcoholic Ginger Beer is experiencing rapid global growth due to demand for craft and premium beverages, ginger beer-based cocktails, and unique flavor profiles, contributing to the segment’s expansion in competitive beverage markets.
Ginger Beer Market, By Flavor
- Original Ginger Beer
- Flavored Ginger Beer
Based on Flavor, the Global Ginger Beer Market is segmented into Original Ginger Beer and Flavored Ginger Beer. Original ginger beer dominates due to its traditional appeal and strong consumer base, especially in regions with a preference for classic flavors. Flavored ginger beer is experiencing faster global growth due to consumer demand for variety and innovation, with manufacturers introducing new flavors to increase market share.
Ginger Beer Market, By Distribution Channel
- On-Trade
- Off-Trade
Based on Distribution Channel, the Global Ginger Beer Market is segmented into On-Trade and Off-Trade. The ginger beer industry is dominated by the off-trade distribution channel, which includes supermarkets and liquor stores, due to its ease and availability. On-trade, which includes bars, restaurants, and cafés, is expanding quicker due to rising demand for craft and premium beverages, as well as the popularity of ginger beer-based cocktails.
Ginger Beer Market, By Geography
- North America
- Europe
- Asia Pacific
- Rest of the World
On the basis of Geography, the Global Ginger Beer market are classified into North America, Europe, Asia Pacific, and Rest of World. North America is the leading region due to significant customer demand and widespread availability of ginger beer products. The Asia Pacific area is the fastest-growing market, driven by rising consumer demand in natural and health-conscious beverages.
Key Players
The “Global Ginger Beer Market” study report will provide valuable insight with an emphasis on the global market. The major players in the market are Crabbie’s Alcoholic Ginger Beer, Bundaberg Brewed Drinks, Fever-Tree, Fentimans, Rachel’s Ginger Beer, Natrona Bottling Company, Goslings Rum (Old Jamaica Ginger Beer), Q Mixers.
Our market analysis also entails a section solely dedicated to such major players wherein our analysts provide an insight into the financial statements of all the major players, along with its product benchmarking and SWOT analysis. The competitive landscape section also includes key development strategies, market share, and market ranking analysis of the above-mentioned players globally.
Ginger Beer MarketRecent Developments
- In March 2024, Fever-Tree, a luxury mixer brand, has launched its new organic ginger beer line. This new product line contains organic ginger cultivated on sustainable farms in Sri Lanka. The company has invested in a novel fermenting technique that improves the natural ginger flavor while being organically certified. The launch is in response to growing customer demand for organic and natural beverages. Fever-Tree’s approach has the potential to set a new standard in the luxury mixer market, prompting other businesses to consider organic ginger beer choices.
- In January 2024, Reed’s, Inc., a renowned ginger beer manufacturer, has introduced a zero sugar ginger beer variation. This new beverage is sweetened using a combination of natural sweeteners, including stevia and erythritol, to provide a flavor profile similar to their original ginger beer but without the extra calories. The company used a sophisticated filtration technique to eliminate the aftertaste commonly associated with artificial sweeteners. This initiative targets the growing health-conscious consumer base and prepares Reed’s to compete in the sugar-free beverage market.
- In November 2023, Bundaberg, an Australian ginger beer brand, recently announced a huge expansion of its distribution network in the United States. Bundaberg has worked with several big U.S. merchants to expand its footprint in the American market. The brand is expanding its iconic pull-ring cap bottles into new states, offering its unique brewing method and powerful ginger flavor to a larger audience. This development reflects the growing popularity of craft and premium ginger beers in the United States, which has the potential to challenge domestic companies’ supremacy.
- In February 2024, Brooklyn Crafted, known for its small-batch ginger beers, has introduced a CBD-infused ginger beer line. This innovative drink blends the peppery flavor of ginger beer with the possible soothing effects of CBD. The company has created a patented procedure to ensure that CBD is evenly distributed throughout the beverage without altering taste. Each bottle contains 25 milligrams of broad-spectrum CBD. This introduction capitalizes on the growing trend of functional beverages and potentially create a new niche within the ginger beer industry.
- In April 2024, Gosling’s, known for its rum and ginger beer used in Dark ‘n Stormy drinks, has released a limited-edition barrel-aged ginger beer. This unusual product is aged in oak barrels that formerly held Gosling’s Black Seal Rum. The aging process adds mild vanilla and oak overtones to the ginger beer, resulting in a more complex flavor profile. This product is touted as both a premium mixer for cocktails and a standalone craft beverage. The debut marks a unique crossing between the spirits and mixer sectors, with the potential to create a new niche in the premium ginger beer market.
Report Scope
REPORT ATTRIBUTES | DETAILS |
---|---|
STUDY PERIOD | 2021-2031 |
BASE YEAR | 2024 |
FORECAST PERIOD | 2024-2031 |
HISTORICAL PERIOD | 2021-2023 |
UNIT | Value (USD Billion) |
KEY COMPANIES PROFILED | Crabbie’s Alcoholic Ginger Beer, Bundaberg Brewed Drinks, Fever-Tree, Fentimans, Rachel’s Ginger Beer, Natrona Bottling Company, Goslings Rum (Old Jamaica Ginger Beer), Q Mixers |
SEGMENTS COVERED | By Type, By Flavor, By Distribution Channel, And By Geography |
CUSTOMIZATION SCOPE | Free report customization (equivalent to up to 4 analyst’s working days) with purchase. Addition or alteration to country, regional & segment scope |
Research Methodology of Market Research
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Reasons to Purchase this Report
• Qualitative and quantitative analysis of the market based on segmentation involving both economic as well as non-economic factors• Provision of market value (USD Billion) data for each segment and sub-segment• Indicates the region and segment that is expected to witness the fastest growth as well as to dominate the market• Analysis by geography highlighting the consumption of the product/service in the region as well as indicating the factors that are affecting the market within each region• Competitive landscape which incorporates the market ranking of the major players, along with new service/product launches, partnerships, business expansions and acquisitions in the past five years of companies profiled• Extensive company profiles comprising of company overview, company insights, product benchmarking and SWOT analysis for the major market players• The current as well as the future market outlook of the industry with respect to recent developments (which involve growth opportunities and drivers as well as challenges and restraints of both emerging as well as developed regions• Includes an in-depth analysis of the market of various perspectives through Porter’s five forces analysis• Provides insight into the market through Value Chain• Market dynamics scenario, along with growth opportunities of the market in the years to come• 6-month post-sales analyst sup