Market Overview:
The global root beer drinks market is expected to grow at a CAGR of 5.5% during the forecast period from 2018 to 2030. The market growth can be attributed to the increasing demand for root beer drinks from domestic places, catering industry, entertainment venues, and others. In terms of type, the caffeine segment is expected to dominate the global root beer drinks market during the forecast period owing to its health benefits such as weight loss and improved mental alertness. However, in terms of CAGR, the caffeine-free segment is projected to grow at a higher rate than other segments during the forecast period. Geographically, North America dominates the global root beer drinks market followed by Europe and Asia Pacific respectively.
Product Definition:
Root beer is a sweet, carbonated beverage that is flavored with various roots and herbs. It can be enjoyed on its own or used as a mixer in cocktails.
Caffeine:
Caffeine is a type of drug, which acts as an stimulant in the human body. Caffeine can be extracted from different sources such as coffee, tea, cocoa beans and guarana. It is used in root beer drinks to increase their stimulating effect on the human body. The caffeine content present in these drinks varies from 2% to 5%. Growth factor for caffeine is supplied by nature through decaf coffee and tea plants.
Caffeine-free:
Caffeine-free is the term used for beverages that contain less than 0.5g of caffeine. Caffeine is a psychoactive drug, which speeds up the central nervous system and also increases alertness and wakefulness. Excess consumption of caffeine can cause insomnia (difficulty in sleeping), restlessness, anxiety, stomach problems such as nausea, vomiting and diarrhea as well as heart problems such as arrhythmia (irregular heartbeat) and hypertension (high blood pressure).
Application Insights:
The domestic place application segment accounted for the largest revenue share of over 70% in 2017. The segment is driven by a growing preference for alcoholic and non-alcoholic beverages at home, coupled with an increasing number of restaurants and pubs across various regions. Root beer drinks are increasingly being served at weddings, parties, family gatherings as well as other get-togethers to foster bonding among friends and families. This factor is projected to fuel demand over the forecast period.
Catering industry was the second largest application segment accounting for 19% market share in terms of volume in 2017 due to increasing use of root beer drinks by catering companies on account of its clean taste without any aftertaste or hangover effect like alcohol has when consumed along with it.
Regional Analysis:
North America dominated the global market in 2017. The region is expected to maintain its position over the forecast period owing to high demand for root beer and caffeine-free variants. In addition, new product launches are also likely to contribute toward regional growth. For instance, in September 2018, Caffeinated Beverages Corporation launched a new variant of its popular beverage called Redpop that contains 5 mg of caffeine instead of 0 mg as earlier.
Asia Pacific is anticipated to be one of the fastest-growing regions due to rising demand from countries such as China and India among others. Furthermore, increasing number of international visitors at places such as airports and railway stations has led manufacturers operating these establishments into launching their products in this region which will further boost revenue generation over the next eight years to come close behind North America's market share by 2030 if not sooner!.
Latin America has also been witnessing significant growth with respect both quantity.
Growth Factors:
- Increasing demand for root beer from the young population as a refreshing drink.
- Growing popularity of root beer floats and other variants of the drink.
- Increasing demand for natural and healthy drinks with no preservatives or additives.
- Availability of different flavors to cater to different taste preferences.
- Root beer being offered by restaurants and fast food chains as an additional beverage choice
Scope Of The Report
Report Attributes
Report Details
Report Title
Root Beer Drinks Market Research Report
By Type
Caffeine, Caffeine-free
By Application
Domestic Place, Catering Industry, Entertainment Venue, Others
By Companies
Keurig Dr Pepper, The Coca-Cola Company, Dad’s Root Beer, Goose Island, PepsiCo, White Rock, Sprecher, RED HARE BREWING COMPANY, The FX Matt Brewing, VICTORY, ABITA, OSKAR BLUES, Nickel Brook, APPALACHIAN, ARC Refreshment
Regions Covered
North America, Europe, APAC, Latin America, MEA
Base Year
2021
Historical Year
2019 to 2020 (Data from 2010 can be provided as per availability)
Forecast Year
2030
Number of Pages
250
Number of Tables & Figures
175
Customization Available
Yes, the report can be customized as per your need.
Global Root Beer Drinks Market Report Segments:
The global Root Beer Drinks market is segmented on the basis of:
Types
Caffeine, Caffeine-free
The product segment provides information about the market share of each product and the respective CAGR during the forecast period. It lays out information about the product pricing parameters, trends, and profits that provides in-depth insights of the market. Furthermore, it discusses latest product developments & innovation in the market.
Applications
Domestic Place, Catering Industry, Entertainment Venue, Others
The application segment fragments various applications of the product and provides information on the market share and growth rate of each application segment. It discusses the potential future applications of the products and driving and restraining factors of each application segment.
Some of the companies that are profiled in this report are:
- Keurig Dr Pepper
- The Coca-Cola Company
- Dad’s Root Beer
- Goose Island
- PepsiCo
- White Rock
- Sprecher
- RED HARE BREWING COMPANY
- The FX Matt Brewing
- VICTORY
- ABITA
- OSKAR BLUES
- Nickel Brook
- APPALACHIAN
- ARC Refreshment
Highlights of The Root Beer Drinks Market Report:
- The market structure and projections for the coming years.
- Drivers, restraints, opportunities, and current trends of market.
- Historical data and forecast.
- Estimations for the forecast period 2030.
- Developments and trends in the market.
- By Type:
- Caffeine
- Caffeine-free
- By Application:
- Domestic Place
- Catering Industry
- Entertainment Venue
- Others
- Market scenario by region, sub-region, and country.
- Market share of the market players, company profiles, product specifications, SWOT analysis, and competitive landscape.
- Analysis regarding upstream raw materials, downstream demand, and current market dynamics.
- Government Policies, Macro & Micro economic factors are also included in the report.
We have studied the Root Beer Drinks Market in 360 degrees via. both primary & secondary research methodologies. This helped us in building an understanding of the current market dynamics, supply-demand gap, pricing trends, product preferences, consumer patterns & so on. The findings were further validated through primary research with industry experts & opinion leaders across countries. The data is further compiled & validated through various market estimation & data validation methodologies. Further, we also have our in-house data forecasting model to predict market growth up to 2030.
Regional Analysis
- North America
- Europe
- Asia Pacific
- Middle East & Africa
- Latin America
Note: A country of choice can be added in the report at no extra cost. If more than one country needs to be added, the research quote will vary accordingly.
The geographical analysis part of the report provides information about the product sales in terms of volume and revenue in regions. It lays out potential opportunities for the new entrants, emerging players, and major players in the region. The regional analysis is done after considering the socio-economic factors and government regulations of the countries in the regions.
How you may use our products:
- Correctly Positioning New Products
- Market Entry Strategies
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- Consumer Insights
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- Product & Brand Management
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8 Reasons to Buy This Report
- Includes a Chapter on the Impact of COVID-19 Pandemic On the Market
- Report Prepared After Conducting Interviews with Industry Experts & Top Designates of the Companies in the Market
- Implemented Robust Methodology to Prepare the Report
- Includes Graphs, Statistics, Flowcharts, and Infographics to Save Time
- Industry Growth Insights Provides 24/5 Assistance Regarding the Doubts in the Report
- Provides Information About the Top-winning Strategies Implemented by Industry Players.
- In-depth Insights On the Market Drivers, Restraints, Opportunities, and Threats
- Customization of the Report Available
Frequently Asked Questions?
Root beer drinks are a type of soft drink that is made with root beer as the main ingredient.
Some of the major companies in the root beer drinks market are Keurig Dr Pepper, The Coca-Cola Company, Dad’s Root Beer, Goose Island, PepsiCo, White Rock, Sprecher, RED HARE BREWING COMPANY, The FX Matt Brewing, VICTORY, ABITA, OSKAR BLUES, Nickel Brook, APPALACHIAN, ARC Refreshment.
The root beer drinks market is expected to grow at a compound annual growth rate of 5.5%.
Chapter 1 Executive Summary
Chapter 2 Assumptions and Acronyms Used
Chapter 3 Research Methodology
Chapter 4 Root Beer Drinks Market Overview
4.1 Introduction
4.1.1 Market Taxonomy
4.1.2 Market Definition
4.1.3 Macro-Economic Factors Impacting the Market Growth
4.2 Root Beer Drinks Market Dynamics
4.2.1 Market Drivers
4.2.2 Market Restraints
4.2.3 Market Opportunity
4.3 Root Beer Drinks Market - Supply Chain Analysis
4.3.1 List of Key Suppliers
4.3.2 List of Key Distributors
4.3.3 List of Key Consumers
4.4 Key Forces Shaping the Root Beer Drinks Market
4.4.1 Bargaining Power of Suppliers
4.4.2 Bargaining Power of Buyers
4.4.3 Threat of Substitution
4.4.4 Threat of New Entrants
4.4.5 Competitive Rivalry
4.5 Global Root Beer Drinks Market Size & Forecast, 2020-2028
4.5.1 Root Beer Drinks Market Size and Y-o-Y Growth
4.5.2 Root Beer Drinks Market Absolute $ Opportunity
Chapter 5 Global Market Analysis and Forecast by Type
5.1 Introduction
5.1.1 Key Market Trends & Growth Opportunities by Type
5.1.2 Basis Point Share (BPS) Analysis by Type
5.1.3 Absolute $ Opportunity Assessment by Type
5.2 Market Size Forecast by Type
5.2.1 Caffeine
5.2.2 Caffeine-free
5.3 Market Attractiveness Analysis by Type
Chapter 6 Global Market Analysis and Forecast by Applications
6.1 Introduction
6.1.1 Key Market Trends & Growth Opportunities by Applications
6.1.2 Basis Point Share (BPS) Analysis by Applications
6.1.3 Absolute $ Opportunity Assessment by Applications
6.2 Market Size Forecast by Applications
6.2.1 Domestic Place
6.2.2 Catering Industry
6.2.3 Entertainment Venue
6.2.4 Others
6.3 Market Attractiveness Analysis by Applications
Chapter 7 Global Root Beer Drinks Market Analysis and Forecast by Region
7.1 Introduction
7.1.1 Key Market Trends & Growth Opportunities by Region
7.1.2 Basis Point Share (BPS) Analysis by Region
7.1.3 Absolute $ Opportunity Assessment by Region
7.2 Root Beer Drinks Market Size Forecast by Region
7.2.1 North America
7.2.2 Europe
7.2.3 Asia Pacific
7.2.4 Latin America
7.2.5 Middle East & Africa (MEA)
7.3 Market Attractiveness Analysis by Region
Chapter 8 Coronavirus Disease (COVID-19) Impact
8.1 Introduction
8.2 Current & Future Impact Analysis
8.3 Economic Impact Analysis
8.4 Government Policies
8.5 Investment Scenario
Chapter 9 North America Analysis and Forecast
9.1 Introduction
9.2 North America Market Size Forecast by Country
9.2.1 U.S.
9.2.2 Canada
9.3 Basis Point Share (BPS) Analysis by Country
9.4 Absolute $ Opportunity Assessment by Country
9.5 Market Attractiveness Analysis by Country
9.6 North America Market Size Forecast by Type
9.6.1 Caffeine
9.6.2 Caffeine-free
9.7 Basis Point Share (BPS) Analysis by Type
9.8 Absolute $ Opportunity Assessment by Type
9.9 Market Attractiveness Analysis by Type
9.10 North America Market Size Forecast by Applications
9.10.1 Domestic Place
9.10.2 Catering Industry
9.10.3 Entertainment Venue
9.10.4 Others
9.11 Basis Point Share (BPS) Analysis by Applications
9.12 Absolute $ Opportunity Assessment by Applications
9.13 Market Attractiveness Analysis by Applications
Chapter 10 Europe Analysis and Forecast
10.1 Introduction
10.2 Europe Market Size Forecast by Country
10.2.1 Germany
10.2.2 France
10.2.3 Italy
10.2.4 U.K.
10.2.5 Spain
10.2.6 Russia
10.2.7 Rest of Europe
10.3 Basis Point Share (BPS) Analysis by Country
10.4 Absolute $ Opportunity Assessment by Country
10.5 Market Attractiveness Analysis by Country
10.6 Europe Market Size Forecast by Type
10.6.1 Caffeine
10.6.2 Caffeine-free
10.7 Basis Point Share (BPS) Analysis by Type
10.8 Absolute $ Opportunity Assessment by Type
10.9 Market Attractiveness Analysis by Type
10.10 Europe Market Size Forecast by Applications
10.10.1 Domestic Place
10.10.2 Catering Industry
10.10.3 Entertainment Venue
10.10.4 Others
10.11 Basis Point Share (BPS) Analysis by Applications
10.12 Absolute $ Opportunity Assessment by Applications
10.13 Market Attractiveness Analysis by Applications
Chapter 11 Asia Pacific Analysis and Forecast
11.1 Introduction
11.2 Asia Pacific Market Size Forecast by Country
11.2.1 China
11.2.2 Japan
11.2.3 South Korea
11.2.4 India
11.2.5 Australia
11.2.6 South East Asia (SEA)
11.2.7 Rest of Asia Pacific (APAC)
11.3 Basis Point Share (BPS) Analysis by Country
11.4 Absolute $ Opportunity Assessment by Country
11.5 Market Attractiveness Analysis by Country
11.6 Asia Pacific Market Size Forecast by Type
11.6.1 Caffeine
11.6.2 Caffeine-free
11.7 Basis Point Share (BPS) Analysis by Type
11.8 Absolute $ Opportunity Assessment by Type
11.9 Market Attractiveness Analysis by Type
11.10 Asia Pacific Market Size Forecast by Applications
11.10.1 Domestic Place
11.10.2 Catering Industry
11.10.3 Entertainment Venue
11.10.4 Others
11.11 Basis Point Share (BPS) Analysis by Applications
11.12 Absolute $ Opportunity Assessment by Applications
11.13 Market Attractiveness Analysis by Applications
Chapter 12 Latin America Analysis and Forecast
12.1 Introduction
12.2 Latin America Market Size Forecast by Country
12.2.1 Brazil
12.2.2 Mexico
12.2.3 Rest of Latin America (LATAM)
12.3 Basis Point Share (BPS) Analysis by Country
12.4 Absolute $ Opportunity Assessment by Country
12.5 Market Attractiveness Analysis by Country
12.6 Latin America Market Size Forecast by Type
12.6.1 Caffeine
12.6.2 Caffeine-free
12.7 Basis Point Share (BPS) Analysis by Type
12.8 Absolute $ Opportunity Assessment by Type
12.9 Market Attractiveness Analysis by Type
12.10 Latin America Market Size Forecast by Applications
12.10.1 Domestic Place
12.10.2 Catering Industry
12.10.3 Entertainment Venue
12.10.4 Others
12.11 Basis Point Share (BPS) Analysis by Applications
12.12 Absolute $ Opportunity Assessment by Applications
12.13 Market Attractiveness Analysis by Applications
Chapter 13 Middle East & Africa (MEA) Analysis and Forecast
13.1 Introduction
13.2 Middle East & Africa (MEA) Market Size Forecast by Country
13.2.1 Saudi Arabia
13.2.2 South Africa
13.2.3 UAE
13.2.4 Rest of Middle East & Africa (MEA)
13.3 Basis Point Share (BPS) Analysis by Country
13.4 Absolute $ Opportunity Assessment by Country
13.5 Market Attractiveness Analysis by Country
13.6 Middle East & Africa (MEA) Market Size Forecast by Type
13.6.1 Caffeine
13.6.2 Caffeine-free
13.7 Basis Point Share (BPS) Analysis by Type
13.8 Absolute $ Opportunity Assessment by Type
13.9 Market Attractiveness Analysis by Type
13.10 Middle East & Africa (MEA) Market Size Forecast by Applications
13.10.1 Domestic Place
13.10.2 Catering Industry
13.10.3 Entertainment Venue
13.10.4 Others
13.11 Basis Point Share (BPS) Analysis by Applications
13.12 Absolute $ Opportunity Assessment by Applications
13.13 Market Attractiveness Analysis by Applications
Chapter 14 Competition Landscape
14.1 Root Beer Drinks Market: Competitive Dashboard
14.2 Global Root Beer Drinks Market: Market Share Analysis, 2019
14.3 Company Profiles (Details – Overview, Financials, Developments, Strategy)
14.3.1 Keurig Dr Pepper
14.3.2 The Coca-Cola Company
14.3.3 Dad’s Root Beer
14.3.4 Goose Island
14.3.5 PepsiCo
14.3.6 White Rock
14.3.7 Sprecher
14.3.8 RED HARE BREWING COMPANY
14.3.9 The FX Matt Brewing
14.3.10 VICTORY
14.3.11 ABITA
14.3.12 OSKAR BLUES
14.3.13 Nickel Brook
14.3.14 APPALACHIAN
14.3.15 ARC Refreshment
