Chocolate Beer Market size valued at US$ 2.68 billion in 2030 and is expected to grow at 7.54 % through 2021 to 2030
Chocolate beer is a lager in which chocolate and cocoa are added for the dark colour. In this beer type, the bitterness is high. Many consumers prefer the bitterness of chocolate beer. For the bitter and fruity flavour, the hops extractions are added to this beer. Due to the use of hops the flavour of the beer is not overwhelming. The flavour and aroma of this chocolate beer vary with the brewer. There are several benefits of chocolate than the normal ones. The cholesterol rate in
Chocolate beer is 10 % lower. It is a beer that can help to maintain weight and it is a low-fat content beverage. With moderate consumption of beer is good for health. It is a beer that can improve bone health and boost the immunity system. There are lots of segments in the market that are witnessing high demand.
The chocolate ale beer type is a segment that is experiencing the highest number of shares. The rising demand for the market will increase the overall market growth. There is high consumption of beer in developed nations. The regions such as North America are facing exceptional demand in the forecast period. All these are factors will surge Chocolate Beer Market Value.
The outbreak of covid 19 is bringing many challenges to the global markets. Some of the prevalent issues during this period are low production and supply chain disruptions. Since 2020 global industries are experiencing difficulties in manufacturing. Chocolate beer is a market that is witnessing low demand in this covid 19 pandemic. There is low production in the market which is affecting the overall growth.
Supply chain disruptions for the market are immense in the forecast period. However, the developed regions are increasing their investments in chocolate beer. From the year 2022, the activities of the market are resuming. High production and supply are expected in the upcoming years. Health awareness among the consumer is rising rapidly. Due to the various health benefits, chocolate beers are gaining more traction. All these are factors that will create a positive Chocolate Beer Market Outlook.
Crucial market drivers
Consumer preference for chocolate flavoured beers is a crucial driver of the market. The shifting consumer preference is creating a positive impact on this market. Further, the demand for chocolate flavoured beers is higher among the young generation. Chocolate is a favourite flavour worldwide. All these factors are contributing to the high demand in the market. The investments of chocolate beer market are rising in the forecast period. Developed regions are increasing their spending in this market due to high consumer preference.
All these are factors that will contribute to the high demand and supply of the market. Millennial demand for chocolate flavours beers will lead to high market expansion in the upcoming years. Further, the increasing number of breweries is another crucial driver for the market.
In the next few years, the number of breweries in developed regions is increasing. The crafting of beers is expected to surge in these markets. All these factors will contribute to high demand. Many developing regions are also rising their spending. The Asia Pacific region is having growing demand for chocolate beers. As per Market Forecast these factors will raise the overall profitability.
The market growth opportunities
The rising disposable income of individuals will create Chocolate Beer Market Growth opportunities. In upcoming years, many markets will witness a rise in their disposable income. This will increase the spending of individuals on chocolate beers. Also, this will increase the consumption of beers in many regions.
The rise in per capita income will surge the spending of consumers on habitual products. This will expand the demand for the chocolate beer market in the forecast period. The expanding product variation in the market will create more developments. There are different types of chocolate beers in the market. This will lead to high profitability in the forecast period.
Furthermore, rising research in the chocolate beers market is another growth factor. In recent years, research and development in the market are expected to bring promising growth opportunities. New product launches are expected to happen in upcoming years. All these are factors that will increase overall growth opportunities.
The market restraints
The chocolate beer market highly relies on the chocolate flavour. Executing the proper chocolate flavour is important in the market. The complexities in selecting chocolate flavours are restraining factors of the market. The selection process of fine quality chocolate increases the production cost. These are the market restraints that can hamper the growth in the forecast period.
Also, the high cost of raw materials is another restraining factor. During these covid 19 period fluctuations in the raw materials, prices are high. Due to these factors, the production cost and supply of the market are reduced. Raw materials price is can cause many restrictions in the market. The expansion of the market in developing regions is less due to these reasons.
The market challenges
Less awareness about chocolate beer is a challenging factor in the market. In many regions, the penetration of chocolate beers is less. The developing regions have less exposure to exclusive beer flavours. This is a market challenge can that affect the demand and supply of the market. There is a high preference for unique beer flavours in many countries.
However, less awareness declines the overall demand in many markets. Furthermore, there is alcohol in the chocolate beer. It is an alcoholic beverage that needs to be consumed in moderation. The high consumption of alcohol by some individuals is a drawback of this market. There are many restrictions regarding the production and consumption of alcoholic beverages in the market. All these are factors that hamper the overall growth rate.
Cumulative growth analysis
Chocolate Beer Market Trends remain stable in the forecast period. There are lots of growth factors that drive demand for the market. The high preference of consumers for chocolate flavoured beer is a crucial driver. Demand from the millennials is another demand driver of the market.
All these are factors that will raise the profitability of the market. Furthermore, demand for chocolate ale beer will increase the overall market growth. Further, less awareness about chocolate beer is a challenge in this market. However, the growth opportunities make the chocolate beer market growth sustainable.
Value chain analysis
Europe is the region with the highest Chocolate Beer Market Share. The consumption of beer is higher in the European market. Especially, the chocolate beer flavour is popular in this region. UK and Germany are countries with the highest preference for this beer flavour.
The investments in this market are rising rapidly. Also, the presence of key players is high in the market. It is creating positive effects on the market. Also, the production of various types of chocolate beers is high in this market. All these are factors that will make the chocolate beer market profitable.
Chocolate Beer Market by type
Chocolate Beer Market by packaging material
Chocolate Beer Market by distribution channel
Chocolate Beer Market by geography
The competition in the chocolate beer market is rising rapidly. The key players are strengthening their product portfolio in this period. There is high expansion, mergers, collaborations and partnerships in the market. These are key strategies in a competitive landscape that will contribute to high growth.
As per Chocolate Beer Market Analysis, there are three major regional players. North America, Europe and the Asia Pacific are crucial key players. There is high demand for chocolate beer in Europe. It is a region that is holding the highest number of shares in the market. There is an immense need for chocolate beers among alcohol consumers. As chocolate is a universally favourite flavour the demand is growing. The price barriers are less in this market.
In the forecast period, Europe is the region with the highest growth rate. North America is another top player in the market. North America is the largest market with vast demand. Spending on chocolate beer is immense. This will create new developments in North America. Further, Asia Pacific is his next largest market. China, India and japan are key contributors in this market.
The key players in Chocolate Beer Market are
The growth rate is 9.8% for the forecast period.
The key players in the market are Anheuser-Busch InBev (Belgium), Bell's Brewery (U.S.), The Boston Beer Company (U.S.), New Belgium Brewing Company (U.S.), Sierra Nevada Brewing (U.S.), Stone Brewing (U.S.) and D.G. Yuengling & Sons (U.S.).