The global fruit beer market size is expected to reach USD 398.0 Million in 2030 and register a revenue CAGR of 4.5% over the forecast period, according to the latest report by Reports and Data. The increasing number of cafes, restaurants, expansion in the e-commerce industry, and product launches are expected to drive market revenue growth.
Fruit beer market revenue growth is expected to be propelled by changing social trends, corporate meet-ups, parties, and others. Also, campaigns for reducing alcohol consumption, and growing health awareness are increasing the demand for fruit beer as an alternative to alcohol-infused beer. Increasing disposable income among youngsters and preference to drink non-alcoholic beverages are impacting demand positively across the globe. Manufacturers are launching products with variations and different flavors for consumers with different tastes and preferences which is expected to drive revenue growth of the fruit beer market.
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Market Dynamics:
The global Fruit Beer market is rapidly gaining traction over the recent years and is expected to register robust revenue growth throughout the forecast period of 2021 and 2028. The consumer goods sector is rapidly growing due to factors such as paradigm shift in consumer preferences, rising demand for convenience and ongoing COVID-19 pandemic. Rapid revenue growth is attributed to factors such as rising disposable income, improvements in standard of living, and increasing preference for organic food and plant based food products. Moreover, rising health conscious population, increasing preference for online shopping and doorstep deliveries and growing inclination of veganism in several countries across the globe and increasing focus on developing novel products to cater to consumer demand are other factors expected to support market growth going ahead.
Competitive Landscape:
The research report offers details about leading companies in the global Fruit Beer market along with global position, financial standing, license agreement, products and services portfolio and revenue contribution of each market player. Key players in the market are focusing on adopting various strategies such as mergers and acquisition, business expansion plans, new product launches, partnerships, collaborations, joint ventures to enhance their product base and gain robust footing in the market.
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Major Companies:
- New Belgium Brewing,
- Magic Hat Brewing Company,
- Shipyard Brewing Company,
- All Saints Brewing Company,
- Brewery Ommegang,
- Lindemans,
- Lost Coast Brewery,
- Unibroue,
- Wells Co.,
- Abita Brewing Company.
Market Segmentation:
The report also sheds light on the market segmentation based on type, application and region:
By Flavor Outlook
- Peach
- Raspberry
- Cherry
- Blueberry
- Apricot
- Apple
- Others
By Distribution Channel Outlook
- On-Trade
- Off-Trade
Fruit Beer Market Segmentation based on Regions:
North America
- S.
- Canada
- Mexico
- Europe
- Germany
- K.
- France
- Italy
- Spain
- Benelux
- Rest of Europe
- Asia Pacific
- China
- India
- Japan
- South Korea
- Rest of Asia Pacific
- Latin America
- Brazil
- Rest of Latin America
- Middle East Africa
- Saudi Arabia
- UAE
- South Africa
- Rest of Middle East Africa
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