The global black beer market size was US$ 25.92 billion in 2021. The global black beer market size is forecast to reach US$ 54.46 billion by 2030, growing at a compound annual growth rate (CAGR) of 8.6% during the forecast period from 2022 to 2030.
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Black beer originated in microbreweries, which enhanced its taste, causing a trend toward craft beers to develop. There are many types of craft beers, including black beer, which uses ingredients that are not commonly used in regular beers, giving it a distinct taste and flavor. The beer is served fresh in kegs, cans, and bottles, which make it available off- and on-trade through distribution channels.
According to data from the U.S. Bureau of Economic Analysis and the U.S. Census Bureau, the goods and services deficit increased by $1.9 billion from $68.7 billion in January 2023 to $70.5 billion in February. The increase in the goods and services deficit in February was due to a $2.7 billion increase in the goods deficit to $93.0 billion and a $0.8 billion increase in the services surplus to $22.4 billion. Compared to the same period in 2022, the goods and services deficit has dropped this year by $35.5 billion, or 20.3%. $49.5 billion or 10.8% more was exported. 2.2% or $14.0 billion more was spent on imports.
Factors Influencing Market Growth
The increase in premium drinkers and millennials will likely fuel the production and demand for black beer, thereby boosting the global market growth.
The rise in disposable income coupled with rapid urbanization is driving demand for fermented drinks and alcoholic beverages in the market, which ultimately results in an increase in demand for black beer.
There are a number of factors contributing to the growth of the black beer market, including the increasing prevalence of obesity, the increase in the number of microbreweries required to produce black beers, and the shift in consumer preference.
The adverse effects of black beer, such as trouble controlling emotions, blackouts, loss of coordination, hypothermia, low blood sugar, vomiting, bleeding, irregular heartbeat, and others, may slow down the overall market from growing.
Impact Analysis of COVID-19
COVID-19 has caused a widespread halt to all production, extraction, processing, and brewing of black beer. This has resulted in declining supplies for the global market. The lack of active transportation disrupts the supply chains of black beers, resulting in shortages of raw materials, which impedes production, disrupting the distribution of black beer. As with local breweries, international breweries have suffered as well. Thus, the COVID-19 pandemic had a negative impact on the global black beer market.
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Regional Insights
Europe accounted for the largest share of the market revenue. Due to a shift in consumer taste preferences, unusual and flavorful beer is becoming more popular. The popularity of black beer among consumers and its increasing availability at local and small breweries are also driving forces behind the growth of the European black beer market.
Asia Pacific is forecast to experience a high CAGR in the global black beer market over the forecast period. An increase in the number of craft breweries with their own & distinctive beers and a growing disposable income of the region’s customers are factors responsible for making the region a prosperous region.
Leading Competitors
The leading prominent companies profiled in the global black beer market are:
Allagash Brewing Company
Heineken N.V.
New Belgium Brewing Company
Bitburger Braugruppe GmbH
St. Killian Importing Co.
The Boston Beer Company Incorporated
Sapporo Breweries Limited
Bent Paddle Brewing Company
BrewDog
Anheuser-Busch InBev SA/NV
Other Prominent Players
Scope of the Report
The global black beer market segmentation focuses on Sales Channel, Product Type, Packaging, and Region.
Segmentation based on Sales Channel
Online
Offline
Segmentation based on Product Type
Dark Lager
Dark Ale
Brown Porter
Stout
Others
Segmentation based on Packaging
Cans
Bottles
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Segmentation based on Region
North America
The U.S.
Canada
Mexico
Europe
Western Europe
The UK
Germany
France
Italy
Spain
Rest of Western Europe
Eastern Europe
Poland
Russia
Rest of Eastern Europe
Asia Pacific
China
India
Japan
Australia & New Zealand
ASEAN
Rest of Asia Pacific
Middle East & Africa (MEA)
UAE
Saudi Arabia
South Africa
Rest of MEA
South America
Brazil
Argentina
Rest of South America
What are the key findings of the report?
?This report provides comprehensive information on factors expected to influence the market growth and market share in the future.
?The report offers the current state of the market and future prospects for various geographical regions.
?This report provides both qualitative and quantitative information about the competitive landscape of the market.
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