Global Black Beer Market 2019-2023 | Expansion of Breweries Globally to Boost Growth | Technavio

LONDON–(BUSINESS WIRE)–lt;a href=”” target=”_blank”gt;#Researchlt;/agt;–The global black beer market is expected to post a CAGR of over 2%
during the period 2019-2023, according to the latest market research
report by Technavio.

Consumers are increasingly preferring craft beer owing to the varieties
available and the distinctive taste because of the addition of
ingredients different from those used in regular beer. To meet the
rising demand for craft beer, new breweries are being established
globally. The bigger players in the market are also entering the craft
drinks segment by acquiring small craft breweries. The growth in the
craft beer segment can also be attributed to the rising demand for
premium drinks by millennials and Gen-X consumers. As a result, the
demand for black beer is also expected to grow during the forecast

As per Technavio, the expansion of breweries globally will have a
positive impact on the market and contribute to its growth significantly
over the forecast period. This global
black beer market 2019-2023
research report also analyzes
other important trends and market drivers that will affect market growth
over 2019-2023.

Global black beer market: Expansion of
breweries globally

Globally, brewers are focusing on expanding their production capacities
to diversify into new markets as well as increase their sales revenue.
For instance, in November 2017, Grupo Modelo, a subsidiary of
Anheuser-Busch InBev, announced its plan to build a new brewery in Apan,
Mexico. The new brewery is expected to have an initial capacity of over
10 million barrels, and the plant is to produce over 9 million bottled
beers per day. Such expansions are expected to drive better scales of
economy for beer producers, resulting in higher profit margins during
the forecast period.

“Apart from the expansion of breweries globally, the rising
consumption of alcoholic drinks and increasing popularity of beer in
developing countries are some other major factors that are expected to
drive the growth of the global black beer market, during the forecast
says a senior analyst at Technavio.

Global black beer market: Segmentation analysis

This market research report segments the global black beer market by
distribution channel (off-trade and on-trade) and geographical regions
(Europe, North America, APAC, South America, and MEA).

The European region led the market in 2018, followed by North America,
APAC, South America, and MEA respectively. However, during the forecast
period, the APAC region is expected to register the highest incremental
growth due to the increasing middle-class population, improving per
capita income, and inclination of millennials toward beer.

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Some of the key topics covered in the report include:

Market Landscape

  • Market ecosystem
  • Market characteristics
  • Market segmentation analysis

Market Sizing

  • Market definition
  • Market size and forecast

Five Forces Analysis

Market Segmentation

Geographical Segmentation

  • Regional comparison
  • Key leading countries

Market Drivers

Market Challenges

Market Trends

Vendor Landscape

  • Vendors covered
  • Vendor classification
  • Market positioning of vendors
  • Competitive scenario

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