India Pale Ale Market Size to Expand at the CAGR of 11.4% During 2018-2025
Posted by facto on November 13th, 2019
The research report titled India Pale Ale Market to Witness an Outstanding Growth During 2018-2025 has been recently broadcasted a new study to its research portfolio by Facto Market Insights. The study discusses the prime market growth factors along with future projections expected to impact the India Pale Ale Market during the period between 2018 and 2025. Readers can gain knowledge related to prime market facets such as market size, Y-o-Y growth and market dynamics, which are projected to change during the stated forecast period. Furthermore, the report examines the target market based on market size, revenue and geography; making it quite useful for the readers.
The global India Pale Ale market was valued at ,905.6 million in 2018 and is projected to reach ,131.1 million by 2025, growing at a CAGR of 11.4% from 2018 to 2025. The rise in demand for different types of craft beer drives the growth of the global India Pale Ale market.
Over the past one decade, there has been a surge in the worldwide consumption of beer. According to Brewers Association, beer represents nearly 75% of the global market share of alcoholic beverages with India, China, U.S., Brazil, Russia, Germany, and Mexico being the key market. When it comes to craft beer, Europe and North America are the dominant markets in the segment. These regions have witnessed rise demand for different types of craft beers such as Porter, Stout, Brown ale, Lager, and cream ale. As a result, these regions play an important role in driving the market for India Pale Ale in terms of value sales.
However, over consumption of beer causes many health hazards such as high blood pressure, heartburn, leads to intoxication, and hangover. It also increases sugar level of the consumers. Furthermore, drinking inadequately distilled alcoholic beverages can lead to severe health disorders and death in a few cases. Imposing high taxes on such beverages is one way to curb the availability of cheap alcohol. These factors together are expected to restrain the market growth. In addition, stringent government regulations imposed on beer market also act as a restrain for the India Pale Ale market. Apart from this, import duty for imported products, excise duty, and value-added tax for locally produced products are on the rise over the years, which further impend the market growth.
Millennials play an important role in driving the demand for the global India Pale Ale market. There is an increase in the off-premise spending across beer owing to rise in pub and night life culture among millennials. Also, factors such as occasions, motivators, and product preferences play an important role while buying and consuming India pale ale beer. The smooth taste and different flavor are the major factors that drive the growth of the India pale ale market among millennials.
The global India Pale Ale market is segmented on the basis of distribution channel, age group and regions. Based on distribution channel, the market is further bifurcated into on-trade and off-trade. Among these distribution channels, on-trade channel accounts to higher value share since the target customer prefer having craft beer including India Pale Ale in outlets such as bars, restaurants, coffee shops, clubs, and hotels.
Some of the key companies profiled in the report include Anheuser-Busch InBev, Carlsberg Group, Diageo PLC, Heineken N.V., Erdinger Brewery, Lasco Brewery, Oettinger Brewery, Radeberger Brewery, and BAVARIA N.V.
KEY BENEFITS FOR STAKEHOLDERS
KEY MARKET SEGMENTS
By Distribution channel
By Age Group
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Joined: October 7th, 2019
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