A recent report published by Infinium Global Research on chocolate beer market provides in-depth analysis of segments and sub-segments in global as well as regional chocolate beer market. The study also highlights the impact of drivers, restraints and macro indicators on the global and regional chocolate beer market over the short term as well as long term. The report is a comprehensive presentation of trends, forecast and dollar values of the global chocolate beer market. According to the report, the global chocolate beer market is projected to grow at a CAGR of 9.8% over the forecast period of 2018-2024.
Beer is one of the oldest and widely consumed alcoholic drinks in the world and the third most popular drink after water and tea. Beer is generally made from four basic ingredients those are malted barley crops, hops, water, and yeast. Any other ingredient apart from these four ingredients is an additional additive. The additional additive varies from herbs to milk and spices to fruits and vegetables. Chocolate is a universally loved delicious food product. Naturally, chocolate is a favorite flavor of many brewers. To get the richest, most chocolaty taste in a beer, brewers add chocolate to the fermentation or conditioning tank, or well after the boil. Chocolate added at this point contributes huge chocolate aroma to the beer and a significantly chocolaty taste.
Continuous growing demand for chocolate flavored beer is helping to boost the growth rate of this product globally. Moreover, young people are more inclined towards the flavored beer of which, chocolate beer is one of the most favored. Moreover, growing awareness about the health benefits associated with the consumption of dark chocolate and the moderate amount of beer is expected to boost the market for chocolate beer. Furthermore, chocolate beer market is not highly popular in some part of the world. It is still an exotic variety for them. However, growing inclination towards western culture and the pubs and bars in the developing economies is boosting the growth of this market in the developing economies.
Among the regions, Europe region dominates the chocolate beer market followed by North America. The growth in the Europe region is mainly attributed owing to increasing consumption of flavored beer. Favorable government regulation in countries like Belgium and the U.K is adding fuel to the growth of chocolate beer in the European market. In the North America region, U.S holds the major market share in the North America chocolate beer market. Additionally, the presence of major beer brewing companies is facilitating the growth of this market in the North America region. Moreover, these companies are trying to innovate different varieties of flavored beer products to retain their market position. Asia Pacific region is anticipated to grow at the fastest rate during the forecast period, 2018-2024. The growth in this region is mainly attributed owing to rising disposable income and growing demand for flavored beer among the young population. Moreover, increasing disposable income followed by increasing consumption of craft beers is another factor boosting the growth of chocolate beer market. However, lack of the proper distribution channel of chocolate beer is a barrier to the growth of chocolate beer market.
The report on global chocolate beer market covers segments such as product type and distribution channel. On the basis of product type, the global chocolate beer market is categorized into chocolate ale, chocolate lager, chocolate stouts. On the basis of the distribution channel, the global chocolate beer market is categorized into on-premise distribution, off-premise distribution.
The countries covered in the North America region include the U.S., Canada, and Mexico; while the Asia-Pacific region includes countries such as China, Japan, India, South Korea, Malaysia, and among others. Moreover, Germany, U.K., France, Spain, and Rest of Europe are the major markets included in the European region. The U.S. drives the growth in the North America region, as it is the largest market in the region. In the Asia-pacific region, rapid industrial growth in India and China offer a substantial potential for the growth in the chocolate beer market. As a result, the APAC region is projected to experience a growth at a CAGR of x.x% over the forecast period 2018-2024.
The report provides profiles of the companies in the global chocolate beer market such as Anheuser-Busch InBev, The Boston Beer Company, D.G. Yuengling & Sons, New Belgium Brewing Company, Sierra Nevada Brewing, Stone Brewing, Bell's Brewery, Thornbridge Riverside Brewery, Minhas Craft Brewery, Celt Experience Brewery.
The report provides deep insights into demand forecasts, market trends, and micro and macro indicators. In addition, this report provides insights into the factors that are driving and restraining the global chocolate beer market. Moreover, IGR-Growth Matrix analysis given in the report brings an insight into the investment areas that existing or new market players can consider. The report provides insights into the market using analytical tools such as Porter's five forces analysis and DRO analysis of chocolate beer market. Moreover, the study highlights current market trends and provides forecast from 2018-2024. We also have highlighted future trends in the chocolate beer market that will impact the demand during the forecast period. Moreover, the competitive analysis given in each regional market brings an insight into the market share of the leading players. This report will help manufacturers, suppliers, and distributors of the chocolate beer market to understand the present and future trends in this market and formulate their strategies accordingly.
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