Global Specialty Beer Market Expected To Boost Due To Booming Socialization Trends – The Food Beverage News
Beer is an alcoholic drink widely consumed around the world. Beers are made by combining different formulations through unique techniques. Specialty beers are beers brewed regularly to achieve the typical style and taste with additional flavors. However, the addition of different spices, fruits and herbs as well as various aromas like hot pepper and smoke turn regular wear and tear into specialty beer. Ongoing technological advancements in beer brewing methodologies have dramatically developed a wide range of specialty beers in the market.
The growth of the global specialty beer market is strongly driven by the high penetration of American bears in European countries. In addition, the growing demand for real, innovative and exotic flavors of specialty beers is likely to complement the growth of the market. Growing socializing trends, especially among millennials, to visit breweries and beer bars are further leading to the development of independent breweries. These beers effectively improve their production capacity to meet increasing customer demands, thus contributing significantly to the growth of the market.
The global specialty beer market can be segmented into distribution channel, fermentation style, product, and others.
By distribution channel, the market can be segmented into independent regional craft brewing companies, brewpub brewing outsourcing, and microbreweries.
By fermenting the style, the market can be segmented into Belgian Gueuze, Slender Red Beer, Belgian Fruit Lambic, and American Sour.
By product, the market can be segmented into wassail, smoked beers, herbal and spice beers, and fruit beers.
Europe accounts for the largest share of the global specialty beer market due to the growing inclination of people towards specialty beers. Moreover, the growing number of breweries and microbreweries in the region further complements the growth of the regional market.
North America is expected to register a significant growth rate during the forecast period due to the growing consumer base in the region. Besides, technological advancements in brewing techniques and flavors further induce the growth of the regional market.
Some of the important players in the global specialty beer market are New Belgium Brewing Company, The Boston Beer Company, The Lagunitas Brewing Company, Sierra Nevada, Anheuser-Busch InBev, Bell’s Brewery Inc., Sam Adams, Molson Coors, Heineken, The Gambrinus. Company, DG Yuengling and Son, Stone & Wood Brewing Co., Feral Brewing Co. and Constellation Brands. To quote, Constellation Brands, Inc. announced in August 2017 the purchase of the Florida-based Funky Buddha brewery, further strengthening its strategy of leading the premium beer segment in the United States.
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With a Masters Degree in Brewing Technology and 6 years of global writing experience, Jerri has been one of the most workaholic and dedicated team members at thefoodbeveragenews.com portal. She has been part of this portal for 4 years now. Jerri started a career in writing as a freelance writer and the trip was worth watching and reviewing. She manages the beverage industry area of the portal and, together with her team, provides readers with all the essential and breaking news and reports in an easy and understandable way.