Market overview:
Fruit Beer Market has been valued $ 266.9 million in the year 2019 and it is estimated to reach $ 379.5million by the year 2026, with a CAGR of 4.5 % from 2021 to 2026. Fruit Beer is most commonly known as a beer which is made with the fruit added as an adjunct or flavouring. Fruit beer is also known as a non-alcoholic beer manufactured through the fermentation of the fruits including strawberries, and plums, raspberries, and also cherries as these fruits possess malt aroma; these are the main factors that have considerably increased the demand for the Fruit Beer in the market, thereby driving the hug growth of the Fruit Beer market in the upcoming years
Market Drivers and Restrains:
The main factors that have considerably increased the demand for the Fruit Beer in the market is mainly due to the huge rise by the consumer preference for the alcohol-free beer or Fruit Beer, along with rise in the awareness regarding the inherent health benefits associated with fruit beer among the people , is expected to fuel demand for the product. Additionally, the growing huge popularity of fruit beer among the women as an occasional drink is expected to favour the market growth in the upcoming years; these are the main factors that have considerably increased the demand for the Fruit Beer in the market, thereby driving the hug growth of the Fruit Beer market in the upcoming years
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Report is segmented as:
Fruit Beer Market is segmented on the basis of by flavour; Fruit Beer Market is segmented on the basis of by distribution channel:
Fruit Beer Market is segmented on the basis of by flavor into Peach, Raspberry, Cherries, Blueberry, Plums and Others
Fruit Beer Market is segmented on the basis of by distribution channel into Departmental Stores, Bars and Restaurants, Supermarkets, Specialty Stores and Online Retailers
Geographical Segmentation:
Fruit Beer Market is segmented into North America, Europe, Asia Pacific, Latin America and Middle East & Africa and rest of world. Europe has the dominant share in the Fruit Beer is due to the rising demand for alcohol-free beverages among the consumers are the main factors that have considerably increased the demand for the Fruit Beer in the Europe region, followed by North America, Asia Pacific, Latin America and Middle East & Africa will register a slower increase in the Fruit Beer Market
Impact of COVID-19 on Market
Covied -19 pandemic has affected almost every industry, and the long-term effects are projected to impact growth of Fruit Beer during the forecast period. Covid-19 pandemic has impacted huge on the sales revenue of Fruit Beer market, Due to the government restrictions like lockdown in many countries has stopped the production of products by the manufacturing companies. Companies have started opening their manufacturing units after taking all the necessary preventive measures. In recent days relaxation in restrictions by the government and people are getting vaccinated to stop the spread of corona virus.
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