ID: MRFR/F-B & N/4854-HCR | February 2021 | Region: Global | 100 pages
The global Fruit Beer Market is expected to grow significantly during the forecast period.
Fruit beer contains fruits as flavoring agent or adjunct, in addition to other ingredients, such as hops and malt. The fruity aroma in fruit beer depends on the type of fruit used and the brewing process. For instance, cherries and raspberries have a more pronounced smell compared to peach and blueberries. The unique taste of fruit beer makes it one of the most popular beverages among consumers.
Some of the major drivers for the fruit beer market include growing population, increasing popularity of craft beers among young consumers, rising number of places serving alcohols, increasing per capita disposable income, and relaxation in the rules applicable to the beer industry. Increasing per capita disposable income allows consumers to spend more on their preferred beverages. Moreover, they are now willing to pay more for innovative and premium beverages. Thus, the fruit beer market is expected to witness significant growth during the forecast period.
The global fruit beer market has been segmented by flavor, distribution channel, and region. Based on flavor, the market has been further segmented into peach, raspberry, cherry, apple, apricot, and others. Raspberry flavor is expected to dominate the market during the forecast period.
By distribution channel, the market is segmented into store based and non-store based distribution channels. Store based segment is further classified into supermarket, departmental store, bars and restaurants, while, e-commerce website comes under non-store based category. Supermarkets are expected to hold relatively higher share in the store based category while e-commerce websites provide a variety of choices, higher discounts, and doorstep delivery. Thus,/ non-store based e-commerce websites are expected to show a higher growth rate during the forecast period.
The global fruit beer market is segmented into North America, Europe, Asia-Pacific, and Rest of the World. Europe is dominating the global fruit beer market, followed by North America. However, Asia-Pacific is expected to register the fastest growth.
Joseph James Brewing Company, Inc.(U.S.), New Belgium Brewing Company (U.S.), Brewery Ommegang (U.S.), All Saints Brewing Company (U.S.), Lindemans Brewery (Belgium), Lost Coast Brewery (U.S.), Magic Hat Brewing Company (U.S.), and Shipyard Brewing Company (U.S.) are some of the major key players in the global fruit beer market.
Regional Market Summary
Europe is anticipated to dominate the global fruit beer market, followed by North America. Increasing awareness regarding health and nutrition among European population helped fruit beer market to grow . Additionally, increasing population and relaxation of rules and regulation are likely to contribute to the growth of the market.
Asia-Pacific is anticipated to be the fastest growing region in the market because of emergence of craft beer in the region.
The Middle East & Africa has the least market share owing to the poor economic conditions in Africa and regulations on alcohol production in some Middle Eastern countries.
Global Fruit Beer Market, by Flavor
Global Fruit Beer Market, by Distribution Channel
Global Fruit Beer Market, by Key Players
|Market Size||USD 857.03 Billion|
|Forecast Units||Value (USD Million)|
|Report Coverage||Revenue Forecast, Competitive Landscape, Growth Factors, and Trends|
|Segments Covered||Flavor, Distribution Channel, And Region|
|Geographies Covered||North America, Europe, Asia-Pacific, and Rest of the World (RoW)|
|Key Vendors||Joseph James Brewing Company, Inc.(U.S.), New Belgium Brewing Company (U.S.), Brewery Ommegang (U.S.), All Saints Brewing Company (U.S.), Lindemans Brewery (Belgium), Lost Coast Brewery (U.S.), Magic Hat Brewing Company (U.S.), and Shipyard Brewing Company (U.S.)|
|Key Market Opportunities||Increasing population and relaxation of rules and regulation are likely to contribute to the growth of the market.|
|Key Market Drivers||