Root Beer Market size is anticipated to reach USD 1.09 billion by 2030
Root Beer Industry Overview The global root beer market size was estimated at USD 728.1 million in 2021 and is anticipated to grow at a compound annual growth rate (CAGR) of 4.6% from 2022 to 2030. The market growth is driven by the increasing demand for low-alcoholic beverages, the rising popularity of root beer among millennials, and the growing foodservice market globally. The outbreak of Coronavirus disrupted the global root beer supply chain and distribution channel owing to the closure and restrictions on bars, restaurants, and hotels globally. According to the 2020 ProWein Business Report, the COVID-19 affected around 77% of hotels, with turnover declining by 60% across the sector, while restaurants saw sales decline by 91% by the end of 2020. Gather more insights about the market drivers, restrains and growth of the Global Root Beer Market However, in some countries, the market has benefited from the lockdown and travel restrictions. Root beer ...