Global Specialty Beer Market Precise Study on Factors, Market DriversPosted by Arslan on December 21st, 2018 Specialty beers, made from different fermentables and techniques, are bound to gain acceleration in the coming years. The trend which is supposed to gain traction in the specialty beer market is rising exports of beer from developed regions, such as the Americas to Europe. The growth of the specialty beer market is marked by the increasing demand of specialty beers which is influenced by the penetration of American beers in the European countries, thereby enlarging the beer market in these regions. Moreover, the rising demand for exotic, innovative and rear flavors of specialty beers could be a probable cause for the specialty beer market to grow. Adding to these aspects, factors such as increased disposable incomes in both developed as well as emerging economies, liking of beer taste, growing popularity of beer as a hangout drink, etc., are set to raise the bar of the specialty beer market, by impacting its growth in a much positive way. Europe region seems to be the most lucrative region for the specialty beer market. Specialty beer imports, in order to cope up with the demand for foreign beer brands in the emerging economies has accelerated the growth of the global specialty beer market. 7 Forecast Highlights on Global Specialty Beer Market
Europe Region is the Most Dominating The Europe region shows higher market attractiveness index and can be considered as the most lucrative region for the specialty beer market. This region dominates other regions in terms of market share by revenue in 2017 and this trend is anticipated to grow throughout the period of forecast of 2017 to 2022. The growth rate in this region, however, as compared to other regions, is a shade less. The Asia-Pacific excluding Japan (APEJ) region is expected to report the highest growth rate throughout the period of forecast and is poised to register a CAGR of 3.9% during 2017 to 2022. Following APEJ, North America region also shows a higher growth rate as compared to Europe region. But this growth rate would not hamper much owing to Europe’s comparatively high market share in this market. American Sour Seems Extremely Attractive The American sour segment by fermenting style is anticipated to grow at a comparatively higher growth rate and is poised to register a CAGR of 4.1% during the period of forecast of 2017 to 2022. Moreover, this segment also shows higher market share by revenue thereby establishing dominance over other segments in the fermenting style category. This segment is also expected to gain a higher BPS by the end of 2022. Following American sour segment, the Belgian Gueuze segment stands in the second position both in terms of growth rate and market share and this trend is expected to continue till the end of 2022. Microbrewery Anticipated to Grow Macro The microbrewery segment by distribution channel is expected to grow at a comparatively higher rate and also reflect a higher market share by revenue during the period of forecast. The segment is also anticipated to experience a higher gain in the BPS by the end of 2022. The microbrewery segment is expected to register a CAGR of 4.2% during the forecast period of 2017 to 2022. Competition Tracking The report also profiles companies that are expected to remain active in the expansion of the global specialty beer market through 2022, which include The Boston Beer Company, Inc., D.G. Yuengling & Son, Inc., Stone Brewing Co., Sierra Nevada Brewing Co., Anheuser-Busch InBev SA/NV, Molson Coors Brewing Company, Heineken Holding N.V, Duvel Moortgat NV, Bells brewery Inc., SweetWater Brewing Company, LLC, North American Breweries Inc., Diaego Guinness USA Inc., and Deschutes Brewery, Inc. Specialty Beer Market Report is available for Purchase @ https://www.factmr.com/checkout/200/S Like it? Share it!More by this author |