Root Beer Market Size, Share, Growth Analysis, By Product(Alcoholic and Non-alcoholic), By Type(Conventional and Diet), By Distribution Channel(On-trade and Off-trade) - Industry Forecast 2024-2031

Root Beer Market size was valued at USD 728.1 million in 2021 and is poised to grow from USD 761.59 million in 2022 to USD 1091.38 million by 2030, growing at a CAGR of 4.6% in the forecast period (2023-2030).

These key players compete on various factors such as taste, price, distribution, packaging, and marketing. Some companies focus on producing high-quality, artisanal root beer, while others target mass-market consumers with more affordable and accessible options. The companies also differ in terms of their distribution channels, with some selling primarily through supermarkets and convenience stores, while others sell through their own retail outlets or online marketplaces. The competitive landscape of the root beer market is expected to continue to evolve as companies adapt to changing consumer preferences and market conditions. 'A&W Food Services of Canada Inc.', 'Barq's Inc.', ' Anheuser-Busch InBev SA/NV   ', ' Keurig Dr Pepper Inc.   ', ' The Coca-Cola Company   ', ' Pepsico Inc.   ', ' Caruso's Legacy (Boylan Bottling Co.)   ', ' The Dad's Root Beer Company LLC   ', ' Thomas Kemper Soda Co.   ', ' The Pop Shoppe   ', ' Sprecher Brewing Company Inc.   ', ' IBC Root Beer   ', ' Jones Soda Co.   ', ' Sioux City Bottling Company   ', ' Dog n Suds LLC   ', ' Frostie Root Beer   ', ' Double Cola Company   ', ' Jackson Hole Soda Company   ', ' Gale's Root Beer   ', ' Tower Root Beer '

The craft root beer market has gained popularity in recent years due to the growing trend of artisanal and handcrafted products. Consumers are willing to pay a premium price for unique and high-quality root beer products, leading to the growth of the craft root beer market.

Growing demand for craft root beer: Consumers are increasingly seeking unique and high-quality products, leading to the growth of the craft root beer market. Craft root beers are typically made with natural ingredients, and many are brewed in small batches, giving them a distinctive taste and character.

North America dominated the market in 2021, accounting for 41.3% of revenue. In North America, Americans consume the most root beer. In the nation, customers like soft root beer. Nonetheless, rising consumer preference for low-alcohol drinks with distinctive flavors is fueling the region's demand for hard root beer. ABVs of 5 to 6% are normal for hard root beers. The world's biggest consumer of root beer is the United States. Because it was traditionally made from the root bark of the sassafras tree, which is primarily grown in the U.S., this beverage is American in origin.