Black Beer Market - Growth, Trends, COVID-19 Impact, and Forecasts (2022 - 2027)

The global black beer market is growing at a CAGR of 4.1% during the forecast period (2020-2025).

Key Highlights

• The market for black beer is driven by the rising demand for alcoholic beverages, along with rapid urbanization, and rising disposable income in the developing countries. In addition, increasing number of local breweries in the countries and expansion of breweries is one of the key factors boosting the global black beer market.
• Geographically, Europe accounts for the largest share in the global black beer market as it has been originated in Germany and is most popular in the surrounding countries. North America and Asia-Pacific regions are witnessing the fastest growth in the market owing to the rising demand for low-alcoholic beverages and craft beers, along with rising disposable income across the regions.

Key Market Trends

Increased Demand For Craft Beer

Demand for the craft beer is increasing in recent years over regular beer owing to its innovative flavor profile due to the presence of ingredients that are not used in the preparation of regular beer. According to the survey of Acermex and few other organizations, the sales of craft beer in Mexico have shown a constant increase from 10,594 hectoliters in 2011 to 166,069 hectoliters in 2017. Black beer is generally produced in microbreweries and is served fresh mostly in kegs, bottles, and cans, where the production volume have been witnessed to increase consistently. For instance, according to the Brewers Association, in the United States, the production of microbreweries has increased from 3,946.4 per 1,000 barrels in 2015 to 5,839.47 per 1,000 barrels in 2018. The consumption of black beer is mostly driven by the premium drinkers among millennials Thus, these factors have resulted in an increase in demand for craft beverages is expected to drive black beer market growth during the forecast period.

Asia-Pacific Is The Fastest Growing Region

The Asia-Pacific black beer market is driven by the increasing demand for beer along with the rising disposable income of the consumers in the region, and the expansion of key companies across the region by increasing the number of craft breweries having their own and unique beers. The rising awareness of fermented drinks in China and India is expected to further boost the market studied in the region. In addition, the scientist in countries such as China, have been conducted a series of studies to assess and enhance the efficacy, effectiveness, and feasibility of the enzymes used in brewing which results in developed and formulated products, thus boosting the black beer market.

Competitive Landscape

The global black beer market is competitive and fragmented in nature owing to the presence of many regional and domestic players. Emphasis is given on the merger, expansion, acquisition, and partnership of the companies along with new product development as strategic approaches adopted by the leading companies to boost their brand presence among consumers.

Additional Benefits:

• The market estimate (ME) sheet in Excel format
• 3 months of analyst support