Global Black Beer Market 2019-2023
About this market
The increasing popularity of beer in developing countries will trigger the black beer market growth in the forthcoming years. With the steadily growing economy and surging disposable income, drinks including beers are becoming increasingly popular. Furthermore, the increased purchasing power of middle-income consumers in Asia have further helped the consumers in seeking innovative products in the food and beverage industry while contributing significantly to the high demand for black beer products during the forecast period. Technavio’s analysts have predicted that the black beer market will register a CAGR of more than 2% by 2023.
Growing demand for craft beverages
One of the growth drivers of the global black beer market is the growing demand for craft beverages. The increasing demand for craft drinks across various segments, such as beer and spirits, will be one of the growth drivers for the global black beer market during the forecast period.
Campaigns against alcohol consumption
One of the challenges in the growth of the global black beer market is campaigns against alcohol consumption. The increasing incidence of alcohol abuse and alcohol-related accidents has led to many regulatory and social organizations launching campaigns against alcohol consumption.
For the detailed list of factors that will drive and challenge the growth of the black beer market during 2019-2023, view our report.
The market appears to be highly fragmented with the presence of several market players. Companies are focusing on introducing new flavors and types of beer to adapt to changing consumer preferences and attract new customers. This market research report will help clients identify new growth opportunities and design unique growth strategies by providing a comprehensive analysis of the market’s competitive landscape and offering information on the products offered by companies.
Technavio Announces the Publication of its Research Report – Global Black Beer Market 2019-2023
Technavio recognizes the following companies as the key players in the global black beer market: Anheuser-Busch InBev, BITBURGER BRAUGRUPPE GMBH, Heineken N.V., New Belgium Brewing Company, and THE BOSTON BEER COMPANY, INC.
Commenting on the report, an analyst from Technavio’s team said: “The latest trend gaining momentum in the market is the portfolio expansion by large-scale brewing companies.”
According to the report, one of the major drivers for this market is the rising consumption of alcoholic drinks.
Further, the report states that one of the major factors hindering the growth of this market is the competition from non-alcoholic drinks.
BITBURGER BRAUGRUPPE GMBH
New Belgium Brewing Company
THE BOSTON BEER COMPANY, INC
Learn how to effectively navigate the market research process to help guide your organization on the journey to success.Download eBook