Published Date: 16-Jun-2020
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According to a new report Global Fruit Beer Market, published by KBV research, The Global Fruit Beer Market size is expected to reach $570 Million by 2026, rising at a market growth of 3.7% CAGR during the forecast period.
The segment of raspberry accounted for the highest share in 2019. Owing to the outstanding nutritional benefits of raspberry, including low-calorie content and high concentration of fiber, vitamins, and minerals, this fruit beer variant is predicted to remain one of the favorite items among customers. In addition, exceptional raspberry flavor characteristics are expected to attract consumers to buy such products. The Cherry market is expected to witness a CAGR of 3.3% during (2020 - 2026).
The offline channel segment considered as the leading distribution channel. The rise in the number of restaurants and cafés is a significant contributing factor to the segment's development. Changing demographics, young customers, and the proliferation of beverage choices often lead to the selling of fruit beverages through the on-trade channel of distribution. The online distribution channel is projected to grow over the forecast period at the highest growth. Due to increased demand for alcohol-free beer among health-conscious consumers, flavors including raspberry, mango, cherry, and grape are rapidly occupying shelves at supermarkets and hypermarkets.
Europe dominated the regional market in 2019. It is anticipated that the emergence of a growing number of microbreweries and increasing demand for alcohol-free beverages by customers in countries such as France and the UK would remain beneficial factors for growth in the regional industry. Asia Pacific is expected to grow at the highest growth over the forecast period due to the growing popularity of beer in countries such as India, China, and Japan, where the fruit beer industry anticipates substantial commercial opportunities and strong growth prospects. The North America market would experience a CAGR of 2.8% during (2020 - 2026).
Structural Insights: https://www.kbvresearch.com/fruit-beer-market/
The market research report has exhaustive quantitative insights providing a clear picture of the market potential in various segments across the globe with country wise analysis in each discussed region. The key impacting factors of the market have been discussed in the report with the elaborated company profiles of The Boston Beer Company, Inc., Jester King Brewery, New Glarus Brewing Company, Allagash Brewing Company, Siren Craft Brew, Founders Brewing Co. (Mahou San Minguel), New Belgium Brewing Company, Inc., Kirin Holdings Company Limited), Lindemans Brewery, Abita Brewing Company, and Shipyard Brewing Company
By Distribution Channel
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