Global Chocolate Beer Market 2017-2021
About Chocolate Beer
Chocolate beer is a beer that contains dark chocolate or cocoa. The most popular segments of chocolate beer are chocolate ale, chocolate stouts, and chocolate lager. Chocolate beer is more popular in the European and American countries. The growth of the chocolate beer market in these regions is mostly triggered by the increasing demand by the millennial population. The chocolate beer market is still in its nascent stage in APAC. Chocolate beer is slowly becoming popular among consumers in countries such as China and India and offers huge growth potential for players in the global chocolate beer market. The pubs and bars in India have begun offering chocolate beer to their consumers. The increasing number of craft breweries globally is another factor which will help the market grow during the forecast period.
Technavio’s analysts forecast the global chocolate beer market to grow at a CAGR of 11.58% during the period 2017-2021.
Covered in this report
The report covers the present scenario and the growth prospects of the global chocolate beer market for 2017-2021. To calculate the market size, the report considers the sale of chocolate beer to individual consumers.
The market is divided into the following segments based on geography:
Technavio Announces the Publication of its Research Report – Global Chocolate Beer Market 2017-2021
Technavio recognizes the following companies as the key players in the global chocolate beer market: Anheuser-Busch InBev, The Boston Beer Company, D.G. Yeungling & Sons, New Belgium Brewing Company, and Sierra Nevada Brewing
Other Prominent Vendors in the market are: Bell's Brewery, BrewDog, BUXTON BREWERY, Celt Experience Brewery, Deschutes Brewery, Dogfish Head Craft Brewery, Himburgs Braukunstkeller, Minhas Craft Brewery, New Glarus Brewing Company, Omer Vander Ghinste, Oskar Blues Brewing, Stone Brewing, SweetWater Brewing Company, The Brooklyn Brewery, Thornbridge Riverside Brewery
Commenting on the report, an analyst from Technavio’s team said: “The latest trend gaining momentum in the market is Online sales. The internet has become a popular source and tool for sales and marketing activities in the alcohol beverage industry. It was the fastest-growing distribution channel for alcoholic beverages in 2015. It has helped many small businesses like craft cocktails, craft beer, craft spirits, and more to expose their products and brands to a greater consumer base. Also, the use of e-commerce sources as a platform has increased the need to engage consumers toward their brands.”
According to the report, one of the major drivers for this market is Increasing number of craft breweries globally. One of the drivers that will influence the growth of the global chocolate beer market is the increase in the number of craft breweries globally. Europe and North America have witnessed a significant increase in the number of craft breweries in the last five years. The number of craft breweries grew by nearly 73% in the last five years in Europe. Craft brewery is defined as a brewery that produces only limited quantities of beer, primarily specialty beers and craft beers. The US, the UK, and Germany have the most number of craft breweries in the world.
Further, the report states that one of the major factors hindering the growth of this market is Distribution challenges. One of the challenges to the growth of the global chocolate beer market is the distribution challenges of the product. Retail stores such as supermarkets, hypermarkets, and large chains of discount or convenience stores have become important distribution modes for craft beer manufacturers.
Anheuser-Busch InBev, The Boston Beer Company, D.G. Yeungling & Sons, New Belgium Brewing Company, Sierra Nevada Brewing, Bell's Brewery, BrewDog, BUXTON BREWERY, Celt Experience Brewery, Deschutes Brewery, Dogfish Head Craft Brewery, Himburgs Braukunstkeller, Minhas Craft Brewery, New Glarus Brewing Company, Omer Vander Ghinste, Oskar Blues Brewing, Stone Brewing, SweetWater Brewing Company, The Brooklyn Brewery, Thornbridge Riverside Brewery
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