The Ginger Ale Global Market Report 2023, provides comprehensive information on the ginger ale market across 60+ geographies in the seven regions – Asia-Pacific, Western Europe, Eastern Europe, North America, South America, Middle East, Africa for the 27 major global industries. The report covers a ten year historic period – 2010-2021, and a ten year forecast period – 2023-2032.
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As per The Business Research Company’s Ginger Ale Global Market Report 2023, the global ginger ale market size is expected to grow from $2.48 billion in 2022 to $2.64 billion in 2023 at a compound annual growth rate (CAGR) of 6.4%. The Russia-Ukraine war disrupted the chances of global economic recovery from the COVID-19 pandemic, at least in the short term. The war between these two countries has led to economic sanctions on multiple countries, a surge in commodity prices, and supply chain disruptions, causing inflation across goods and services and affecting many markets across the globe. The ginger ale market size is expected to grow to $3.24 billion in 2027 at a CAGR of 5.2%.
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Product innovation is a key trend gaining popularity in the ginger ale market. Major companies operating in the ginger ale market are focused on launching new products to strengthen their position in the market. For instance, in June 2021, Reed’s Inc., a US-based company that manufactures soft drinks and candies, launched a new zero-sugar ginger ale mocktails in two new flavors. Shirley tempting and Transfusion, containing 2, 000 milligrams of fresh, organic pressed ginger. Shirley Tempting delivers a cheerful mix of cherry and pomegranate flavors, and Transfusion is enhanced with juicy grape notes and an easy mixer. These energizing certified ketogenic variants are ideal for any drinking occasion because they contain no calories and no artificial preservatives or artificial colors. The new tastes strike a delicate balance between a crisp, reviving ginger flavor and a dash of sweetness, whether consumed straight from the can as a mocktail or combined with other tasty cocktails.
The ginger ale market is segmented:
1) By Type: Golden Ginger Ale, Dry Ginger Ale
2) By Distribution Channel: Convenience Stores, Hypermarkets/Supermarkets, Specialty Stores, Online Sale Channel
North America was the largest region in the ginger ale market in 2022.
The table of contents in TBRC’s ginger ale market report includes:
- Executive Summary
- Ginger Ale Market Characteristics
- Ginger Ale Market Trends And Strategies
- Ginger Ale Market – Macro Economic Scenario
- Ginger Ale Market Size And Growth
- Ginger Ale Market Segmentation
- Ginger Ale Market Regional And Country Analysis
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- Key Mergers And Acquisitions In The Ginger Ale Market
- Ginger Ale Market Future Outlook and Potential Analysis
- Appendix
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The Business Research Company is a market intelligence firm that pioneers in market, company, and consumer research. TBRC’s specialist consultants are located globally and are experts in a wide range of industries that include healthcare, manufacturing, financial services, chemicals, and technology. The firm has offices located in the UK, the US, and India, along with a network of proficient researchers in 28 countries. Through the report businesses can gain a thorough understanding of the market’s size, growth rate, major drivers and leading players.
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