Specialty beers, made from different fermentables and techniques, are bound to gain acceleration in the coming years. The trend which is supposed to gain traction in the specialty beer market is rising exports of beer from developed regions, such as the Americas to Europe.
The growth of the specialty beer market is marked by the increasing demand of specialty beers which is influenced by the penetration of American beers in the European countries, thereby enlarging the beer market in these regions.
Moreover, the rising demand for exotic, innovative and rear flavors of specialty beers could be a probable cause for the specialty beer market to grow.
Adding to these aspects, factors such as increased disposable incomes in both developed as well as emerging economies, liking of beer taste, growing popularity of beer as a hangout drink, etc., are set to raise the bar of the specialty beer market, by impacting its growth in a much positive way.
Europe region seems to be the most lucrative region for the specialty beer market. Specialty beer imports, in order to cope up with the demand for foreign beer brands in the emerging economies has accelerated the growth of the global specialty beer market.
Specialty beers are regular beers brewed to obtain a classic taste and style with some new addition of flavors.
The addition of herbs, fruits and spices along with miscellaneous flavorings like smoke, hot pepper and licorice, turns an ordinary or regular beer into a specialty beer. In this category of beers, unusual fermentation techniques and fermentables are used for their production.
According to Fact.MR’s research report on the global specialty beer market, the market is anticipated to reach a value more than US$ 15 Bn by 2022 reflecting a moderate CAGR during the forecasted period of 2017-2022.
Fruit Beers Show Dominance over Other Specialty Beer Types
The fruit beers segment by product type reflect a higher market share by revenue as of 2017, and are growing at a moderate rate. This type experiences the highest market share of 35.7% and this trend is expected to run the show by the end of 2022.
Following fruit beers segment, the herb and spice beers segment is the second highest segment in terms of market share by revenue. Europe region can be considered as a good opportunity yielding region for the fruit beers and herb and spice beers segments.
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Herb and Spice Beers Segment Show Higher Growth Rate
The herb and spice segment are not only in second position with respect to market share by revenue, but reflect the highest growth rate as compared to other segments in product type and is anticipated to reflect a CAGR of 4.6% throughout the period of forecast, 2017 to 2022.
As far as growth rate is concerned, following the herb and spice beers segment, the wassail segment comes next, but it has a low market share. The herb and spice beers segment is also expected to gain a high BPS by the end of 2022.
Europe Region is the Most Dominating
The Europe region shows higher market attractiveness index and can be considered as the most lucrative region for the specialty beer market. This region dominates other regions in terms of market share by revenue in 2017 and this trend is anticipated to grow throughout the period of forecast of 2017 to 2022.
The growth rate in this region, however, as compared to other regions, is a shade less. The Asia-Pacific excluding Japan (APEJ) region is expected to report the highest growth rate throughout the period of forecast and is poised to register a CAGR of 3.9% during 2017 to 2022.
Following APEJ, North America region also shows a higher growth rate as compared to Europe region. But this growth rate would not hamper much owing to Europe’s comparatively high market share in this market.
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American Sour Seems Extremely Attractive
The American sour segment by fermenting style is anticipated to grow at a comparatively higher growth rate and is poised to register a CAGR of 4.1% during the period of forecast of 2017 to 2022.
Moreover, this segment also shows higher market share by revenue thereby establishing dominance over other segments in the fermenting style category.
This segment is also expected to gain a higher BPS by the end of 2022. Following American sour segment, the Belgian Gueuze segment stands in the second position both in terms of growth rate and market share and this trend is expected to continue till the end of 2022.
Microbrewery Anticipated to Grow Macro
The microbrewery segment by distribution channel is expected to grow at a comparatively higher rate and also reflect a higher market share by revenue during the period of forecast.
The segment is also anticipated to experience a higher gain in the BPS by the end of 2022. The microbrewery segment is expected to register a CAGR of 4.2% during the forecast period of 2017 to 2022.
An Adaptive Approach to Modern-day Research Needs
The report also profiles companies that are expected to remain active in the expansion of the global specialty beer market through 2022, which include The
- Boston Beer Company, Inc.
- D.G. Yuengling & Son, Inc.
- Stone Brewing Co.
- Sierra Nevada Brewing Co.
- Anheuser-Busch InBev SA/NV
- Molson Coors Brewing Compan
- Heineken Holding N.V
- Duvel Moortgat NV
- Bells brewery Inc.
- SweetWater Brewing Company, LLC
- North American Breweries Inc.
- Diaego Guinness USA Inc.
- Deschutes Brewery, Inc.
(Additional information, including cross-sectional data and country-wise analysis & forecast is available in the report)
The global specialty beer market is expected to grow at a moderate growth rate. When regular beer is added with flavors and processed with new fermenting techniques, a specialty beer is obtained.
The global specialty beer market is impacted by factors such as rise in the exports, rise in demand for specialty beer, increase in disposable income, rise in demand from emerging economies, etc.
This report, published by Fact.MR, provides in-depth analysis of the global specialty beer market for the forecast period 2017-2022, and offers key insights about future market direction.
The scope of Fact.MR’s report is to analyze the global specialty beer market for the forecast period 2017-2022 and provide readers an unbiased and accurate analysis.
Specialty beer manufacturers, stakeholders, and suppliers in the global food & beverage sector can benefit from the analysis offered in this report. This report offers a comprehensive analysis, which can be of interest to leading trade magazines and journals pertaining to specialty beer.
The report commences with a brief information of the global specialty beer market. This executive summary sets the tone for the rest of the report, providing users the scope of the report.
The executive summary includes important facts and statistics on the global specialty beer market.
The next section offers an overview of the global specialty beer market. This comprises an introduction to the market, along with a standard definition of the product – specialty beer.
In this section, market value and year-over-year growth is offered to the readers. Year-over-year growth provides readers with a broader view of growth patterns over the forecast period.
The report’s succeeding section focuses on drivers, restraints and key trends from macroeconomic, demand, and supply perspectives. Impact analysis of weighted average model-based growth drivers is contained in the report for better provision of decision-making insights to clients.
In order to offer readers with up-to-date information about the latest advancements in the global specialty beer market, the report provides updates about market opportunities, which can benefit leading manufacturers of specialty beer.
With continuous evolution of the food & beverage sector, keeping a record of latest developments and trends is fundamental for specialty beer manufacturers to formulate key business strategies. Detailed insights about raw material sourcing, supply chain, pricing analysis, list of distributors, and cost structure are provided in this section.
Considering the wide scope of the global specialty beer market and to offer in-depth insights, Fact.MR’s report provides segment-wise analysis and forecast.
The specialty beer market has been categorized on the basis of product type, fermenting style, distribution channel and region. This segmentation analysis is comprehensive, coupled with a detailed country-wise forecast provided on all parameters.
The report’s last section comprises of the global specialty beer market competitive landscape, to provide readers with the dashboard view of company analysis and market players.
This competitive intelligence is based on the providers’ categories across value chain, and their presence in the global specialty beer market.
Fact.MR is committed to offer unbiased and independent market research solutions to its clients. Each market report of Fact.MR is compiled after months of exhaustive research.
We bank on a mix of tried-and-tested and innovative research methodologies to offer the most comprehensive and accurate information. Our main sources of research include,
- Primary research
- Secondary research
- Trade research
- Focused interviews
- Social media analysis
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