The global black beer market is growing at a CAGR of 4.1% during the forecast period (2020-2025).
- 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.
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.
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Table of Contents
1.2 Study Assumptions
1.3 Scope of the Study
4.2 Market Restraints
4.3 Porter's Five Forces Analysis
4.3.1 Threat of New Entrants
4.3.2 Bargaining Power of Buyers/Consumers
4.3.3 Bargaining Power of Suppliers
4.3.4 Threat of Substitute Products
4.3.5 Intensity of Competitive Rivalry
5.2 By Sales Channel
5.3 By Geography
5.3.1 North America
184.108.40.206 United States
220.127.116.11 Rest of North America
18.104.22.168 United Kingdom
22.214.171.124 Rest of Europe
5.3.3 Asia Pacific
126.96.36.199 Rest of Asia-Pacific
5.3.4 South America
188.8.131.52 Rest of South America
5.3.5 Middle East and Africa
184.108.40.206 South Africa
220.127.116.11 Saudi Arabia
18.104.22.168 Rest of Middle East and Africa
6.2 Most Adopted Strategies
6.3 Market Share Analysis
6.4 Company Profiles
6.4.1 Allagash Brewing Company
6.4.2 New Belgium Brewing Company
6.4.3 St. Killian Importing Co.
6.4.4 Sapporo Breweries Ltd.
6.4.6 Bent Paddle Brewing Company
6.4.7 Hill Farmstead Brewery
6.4.8 Phillips Brewing & Malting Co.
A selection of companies mentioned in this report includes:
- Allagash Brewing Company
- New Belgium Brewing Company
- St. Killian Importing Co.
- Sapporo Breweries Ltd.
- Bent Paddle Brewing Company
- Hill Farmstead Brewery
- Phillips Brewing & Malting Co.