Global Black Beer Market - 2022-2029
The global black beer market was valued at USD XX million in 2021. It is forecasted to reach USD XX million by 2029, growing at a CAGR of XX% during the forecast period (2022-2029).
Black beer is a type of craft beer made from malted barley fermented to give it a dark color. It is frequently infused with coffee and chocolate drinks to give it a robust and unique flavor. Furthermore, due to the particular flavor character of craft brews, the consumption of black beer is increasing around the world. According to the Brewer's Association, global craft beer consumption increased by 4% in 2019, fueling the expansion of the black beer sector. Fresh black beer is served in kegs, cans, and bottles, allowing it to be distributed through off-trade and on-trade channels. Premium drinkers and millennials are expected to drive black beer production and consumption, boosting global market development.
Increasing demand for craft beer
Craft beer's popularity has risen in recent years due to its unique flavor profile, which is made possible by the presence of ingredients not found in conventional beer. Black beer is typically made in microbreweries and served fresh in kegs, bottles, and cans, increasing production volumes. According to the Brewers Association, microbrewery production climbed in the United States from 3,946.4 per 1,000 barrels in 2015 to 5,839.47 per 1,000 barrels in 2018. Premium drinkers among millennials are the main drivers of black beer consumption. As a result of these factors, demand for craft drinks is likely to rise over the forecast period, propelling the black beer market forward.
The negative health effects of consumption of alcohol pose a major restraining factor in the black beer market growth. Cardiovascular ailments and liver cirrhosis are some of the most widely occurring health adversities due to alcohol consumption, negatively impacting market growth.
Cans segment accounted for the highest share in global black beer market
In 2021, the cans sector had the highest revenue share of over XX percent, which is likely to continue throughout the projection period. When compared to bottles, cans are thought to be more environmentally friendly. Beer packaging is an important part of the beverage's production, transportation, and sale. Canning has become a great option for high-quality packaging beers due to advancements in packaging material, filling techniques, and monitoring equipment. Most cans are made of opaque aluminum, which keeps the liquid inside a 100 percent airtight container and is hermetically sealed, preventing oxygen from damaging the beer. According to an EPA research, 54.9 percent of beer cans are effectively repurposed after recycling, but only 26.4 percent of glass is reused. Growing sustainability concerns are expected to positively impact this segment's growth throughout the projection period.
In 2021, dark lager had the highest revenue share of over XX percent, which is likely to continue throughout the forecast period. Consumers prefer lagers above other varieties of black beers due to their smooth and mellow flavor. Dark lagers range in color from dark brown to black and in alcohol from 4.5-5.5%. At their best, these beers combine the dryish chocolate or licorice notes associated with dark roasted malts and the roundness and crispness of a lager. Compared to other black beers such as dark ale or brown porter, the fermentation procedure used to make dark lager is faster and more convenient. Dark ales are fermented at warm temperatures (60-70°F) using top-fermenting yeast, and dark lagers are fermented at cold temperatures (35-50°F). The high convenience of manufacturing dark lagers is anticipated to fuel the supply of dark lagers. Furthermore, because of their smoother, crisper, and cleaner flavor, dark lagers are consumed higher than other beers.
Asia-Pacific is the dominating region during the forecast period
In 2021, Asia Pacific had the highest revenue share of over XX percent. The rise of the alcoholic drinks industry in India and China, both backed by regulatory assistance, is projected to ensure the production of black brews and hence be a positive driver for Asia Pacific market growth over the projection period. Furthermore, Asia Pacific is host to the world's highest population of beer drinkers. Furthermore, scientists in countries such as China have conducted a series of research to evaluate and improve the efficacy, effectiveness, and practicality of enzymes used in brewing, resulting in refined and formulated products, boosting the black beer market.
North America is expected to grow at a CAGR of XX percent during the projection period. North American consumers, such as the United States and Canada, are willing to pay a premium for unusual premium beers. Furthermore, very well manufacturers in North America, such as The Boston Beer Company, Inc. and J.J. Taylor Companies, Inc., are projected to support product demand.
The key companies operating in the global black beer market are, Anheuser-Busch InBev, Heineken N.V., New Belgium Brewing Company, llagash Brewing Company, Bent Paddle Brewing Company, The Boston Beer Company, Inc., Molson Coors Beverage Company, and J.J. Taylor Companies, Inc. among others. To broaden their consumer base, companies have begun adding new types of dark beers to their inventories. Anheuser Busch InBev SA/NV, for example, announced the release of Budweiser Reserve Black Lager, a new limited edition black beer with an ABV of 7.1 percent, in March 2020. In March 2018, Antillia Brewing Company has launched a new dark beer - Nick Troubetzkoy’s Imperial Chocolate Stout, a chocolate beer has an alcoholic volume of 8%, with a deep aromatic flavour.
Negative impact on the global black beer market
The pandemic of COVID-19 has had a severe effect on the alcoholic beverage sector. Due to rigorous lockdown measures, on-premise and off-premise closures had disastrous implications, with global sales falling by 20% to 30% from March to April 2020. Due to the COVID-19 outbreak, the manufacture, extraction, processing, or brewing of black beer has been halted. As a result, the worldwide market's stocks have fallen. The supply chains for black beers have been interrupted due to a lack of active transportation, which has resulted in a shortage of raw materials, delayed manufacturing, and disrupted the distribution routes for black beer on the market. However, few companies have reacted positively to the situation by supplying dark beers via the internet, as consumers prefer online shopping to offline shopping due to safety concerns.
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PDF report with the most relevant analysis cogently put together after exhaustive qualitative interviews and in-depth market study
Excel data sheet with valuable data points of the global black beer market – Regional and Country level segmentation
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Market Share Analysis covering business revenues ($) and revenue share (%) of key market players
The global black beer market report would provide an access to approximately 61 market data tables, 51 figures and 180 pages
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