The global black beer market is projected to grow at a significant CAGR during the forecast period. Based on the geographic viewpoint, the global black beer market is segmented into North America, Europe, Asia-Pacific, and the Rest of the World. North America is anticipated to contribute considerably to the black beer industry growth. Beer is one of the most common alcoholic beverages across the region. The market in the region has been transformed significantly over the years. Initially, the industry was supported by local players. however, a modest international expansion achieved through export, license, and partnership agreements that expanded the presence of the beer manufacturing companies.
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The manufacturers endeavor to expand their distribution channels such as online stores, and convenience stores around the globe. The introduction of new products in alcoholic beverages is attracting millennial consumers from across the region. The US has the highest population in the region with around 326 million in 2018, and more than 81% of the population is above 15 years, which flourished the black beer market growth in the region.
The huge population base, with large population aged 15 years and above is another factor that is propelling the growth of the market in North America. The region has major consumption of recorded beverages, as several companies majorly manufacture premium beer products. There are several alcoholic beverage manufacturers in the region, including Craft Brew Alliance, Constellation Brands Inc., and Molson Coors Brewing Co. Constellation Brands Inc. is a manufacturer, and supplier of wine, beer, and spirits, and has its facilities in more than 40 countries and includes over 100 brands in its product portfolio.
Moreover, as per one of the key players in the market Molson Coors Brewing Co., in 2019, the beer is amongst the most preferred alcoholic beverage. In the US, approximately 51% of the population prefers beer, and the other alcohol altogether accounted for 49% of share in the overall market. whereas in Canada, approximately 52% of the population prefers beer, and the other alcohol altogether accounted for 48% of share in the overall market. Thus, the increased demand for craft beer, premium brands, and imported brands of the beer is significantly contributing to the growth of the black beer market.
Global Black Beer Market – Segmentation
By Product Type
By Packaging Type
By Sales Channel
Global Black Beer Market – Segmentation by Region
North America
Europe
Asia-Pacific
Rest of the World
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