Global Chocolate Beer Market: Overview
Chocolate beer is a blend of chocolate and beer. The product is manufactured by adding chocolate to the brewing process or just by using the chocolate malt. With young generation preferring exciting flavor in alcoholic drinks, the market for chocolate beer is projected to gain traction over the ensuing years.
Global Chocolate Beer Market: Growth Factors
Changing lifestyles and rising disposable incomes in the developed countries is likely to scale up the growth of the chocolate beer market in the years ahead. Apart from this growing health consciousness among the global population is likely to steer the growth of the chocolate beer industry in the years ahead. Additionally, dark chocolate can be helpful in reducing LDL cholesterol. Furthermore, beer intake in moderate proportion can prove beneficial for human health and can boost body immunity as well as offer protection to the bones. This can be the major growth driver for the chocolate beer industry in the ensuing years.
Moreover, a large number of young generation prefers flavored beer and this will steer the demand for chocolate beer in the coming years. Additionally, the rise in the number of bars and pubs in emerging economies is likely to further result in the exponential growth of the industry in the next decade.
Global Chocolate Beer Market: Segmentation
The global chocolate beer market can be classified based on product type, packaging material, and distribution channel. Based on the product type, the market for chocolate beer is segregated into chocolate ale, chocolate lager, and chocolate stouts. Among these product segments, the chocolate lager beer segment is likely to dominate the overall market growth during the assessment timespan. On the basis of packaging material, the industry is segmented into glass, metal, and paper. Among these packaging material segments, the glass packaging material segment is projected to make major contributions towards the overall industry expansion during the analysis timespan. In terms of distribution channel, the chocolate beer industry is divided into on-premise and off-premise. Among these distribution channel segments, the on-premise distribution channel segment is anticipated to lead the overall market surge during the projected timeframe.
Global Chocolate Beer Market: Regional Analysis
Based on regions, the global chocolate beer market can be divided into five main regions: North America, Europe, Asia Pacific, and Latin America. The region of Europe is likely to make major contributions towards the overall market growth during the assessment timeline. The regional market growth can be credited to an increase in the production as well as consumption of flavored beers in Europe. Apart from this, countries like Belgium, UK, and Germany are anticipated to be the major regional revenue contributors.
Moreover, huge presence of major beer brewing firms in North America along with the demand for chocolate beer products in the countries like Canada and the U.S. will drive the growth of chocolate beer industry in North America. Apart from this, there are large numbers of giant chocolate beer producers in countries like the U.S. and this is a major driving factor for the regional market growth. Furthermore, the Asia Pacific market is predicted to experience a rapid surge over the upcoming years, subject to rise in the intake of craft beers along with inflating the disposable income of the consumers. Additionally, countries like India, Australia, Japan, and China are the key regional growth drivers.
Global Chocolate Beer Market: Competitive Players
Some of the key players in chocolate beer industry include Bell's Brewery (U.S.), Sierra Nevada Brewing (U.S.), Anheuser-Busch InBev (Belgium), Minhas Craft Brewery (U.S.)Oskar Blues Brewing (U.S.), New Belgium Brewing Company (U.S.), Stone Brewing (U.S.), Celt Experience Brewery (UK), The Boston Beer Company (U.S.), D.G. Yuengling & Sons (U.S.), Thornbridge Riverside Brewery (UK), The Brooklyn Brewery (U.S.), and BrewDog (UK).
Global Chocolate Beer Market: Regional Segment Analysis
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