Chocolate Beer Market Insight
Global Chocolate Beer Market is expected to grow at a CAGR of 9.8% over the Forecast Period. Chocolate beer is an ale or lager that is characterized by the addition of dark chocolate or cocoa. It is the combination of beer and chocolate, that is mainly gaining traction among the chocolate lovers. Chocolate beer holds the benefit of both dark chocolate and beer. Dark chocolate holds the benefits of lowering LDL cholesterol almost by 10% which is termed to be a significant reduction. Moreover, moderate consumption of beer decreases the risk of weight gain among women, reduce risk of hypertension, cardiovascular disease and heart failure.
Chocolate beer is an ale or lager that is benefited from the addition of dark chocolate or cocoa. Explicit bitterness is not acceptable in this style. Minute hop character is looked-for, and the chocolate flavor does not need to be overwhelming. The style can vary greatly in approach and flavor profile depending on the brewer. Dark chocolate is effective in lowering LDL cholesterol almost by 10% which is termed to be a substantial reduction. Moreover, moderate amount of consumption of beer can safeguard human health, boost the immune and protect the bones. Europe is dominating the market and is expected to have a substantial growth over the forecast period 2017-2023. Europe market has a huge market for flavored beers against any other alcohol spirit which makes it an opportunistic market for chocolate beers.
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Favorable government regulation in countries like Belgium and the U.K is adding fuel to the growth of chocolate beer in European market. Moreover, increasing disposable income followed by increasing consumption of craft beers is another factor boosting the growth of chocolate beer market. However, drawback in the distribution of chocolate beer is a barrier to the growth of chocolate beer market. Nevertheless, all these factors will lead to the growth of European market with an estimated CAGR of 11.6% during the forecast period 2017-2023.
Chocolate Beer Market Key Players
This report includes a study of strategies such as mergers, acquisitions, and product launches by the major chocolate beer players. It further includes product portfolios, developments of leading players, which includes Some of the key players profiled in the Global Chocolate Beer Market are D.G. Yuengling & Sons (U.S.), Anheuser-Busch InBev (Belgium), The Boston Beer Company (U.S.), New Belgium Brewing Company (U.S.), Sierra Nevada Brewing (U.S.), Stone Brewing (U.S.) and Bell’s Brewery (U.S.)
Based on type, chocolate beer is segmented into chocolate ale beer, chocolate lager beer, chocolate stout beer, and other chocolate beer. Chocolate ale beer is dominating the market. However, chocolate lager beer is estimated to have a substantial growth over the forecast period.
Based on the packaging material, Chocolate Beer Market is segmented into glass, paper, metal, and others. Among all, glass is the dominating packaging material in the market and is expected to gain steady growth over the forecast period. However, paper segment is growing at a moderate rate over the estimated period.
Based on the distribution channel, chocolate beer market is segmented into on-premise distribution channel and off-premise distribution channel. Among all, on-premise distribution channel is dominating the market and is expected to have a continuous growth over the estimated period.
Chocolate Beer Market is segmented into North America, Asia Pacific Europe and rest of the world (RoW). Europe is dominating the market followed by North America. Increasing consumption of flavored beers in the countries of Europe is driving the market for chocolate beer in this region. Germany, U.K and Belgium are the major contributors in Europe for chocolate beer market. The U.S. majorly consists of the leading chocolate beer manufacturers which is driving the growth of chocolate beer market in North America.
Asia Pacific is the fastest growing region for chocolate beer market. India, Japan, China and Australia are the major contributors of the chocolate beer market. Growing consumption of beer in Africa has opened doors for chocolate beer in this region. Latin America is also expected to witness moderate growth in chocolate beer market over the forecast period.
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