Global Specialty Beer Market Overview:
Specialty Beer is an alcoholic beverage. These beers usually have higher alcohol content, although not always. They tend to have additional flavors added either through a mixture of specialty malts or via adjuncts such as fruit or spices. Ingredients used in specialty beer should be distinctive and evident in either the aroma, flavor, or overall balance of the beer. The specialty beers category is more or less a catch-all. Specialty beers are typically regular beers brewed to a classic style. The global specialty beer industry market has been experiencing significant growth in the past few years.
As per latest study released by AMA Research, the Global Specialty Beer market is expected to see growth rate of 10.6% and may see market size of USD70200.0 Million by 2028.
Attributes | Details |
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Study Period | 2018-2028 |
Base Year | 2022 |
Forecast Period | 2023-2028 |
Historical Period | 2018-2022 |
Unit | Value (USD Million) |
Customization Scope | Avail customization with purchase of this report. Add or modify country, region & or narrow down segments in the final scope subject to feasibility |
Influencing Trend:
The Introduction of Various Ingredients in Specialty Beer Products Has Caught the Interest of Consumers and Increasing Popularity of Buying Specialty Beer Through Online Distribution Channel
Market Growth Drivers:
Growing Demand for Craft Beer are Driver for Market Growth, Growing Dominance of Macrobrewery due to their Lower Cost Breweries and Brewers are Offering Innovative Specialty Beer
Challenges:
The Market’s Expansion is Anticipated to be Hampered by the Rising Risks of Health-related Problems
Restraints:
The Increase in Anti-alcohol Initiatives will Probably Operate as a Significant Market Restraint and Stringent Regulations or Ban on Alcohol in Some Countries Due to their Cultures and Traditions
Opportunities:
The Growing Popularity of Low-Alcohol Fruit Beers among Health-Conscious Consumers and The Increasing Demand for Flavored Beer in most Countries like the United States, Germany, Belgium, and other
Competitive Landscape:
The global specialty beer industry market is fragmented, with large and medium-sized players accounting for the majority of market profits. Many players are arranging various strategies, entering into mergers and acquisitions, and introducing more effective specialty beer.
Some of the key players profiled in the report are AB InBev (Belgium), Heineken (Netherland), Molson Coors (United States), Kirin Holdings Company (Japan), Carlsberg Group (Denmark), Constellation Brands (United States), Pabst Brewing Company (United States), Tsingtao Brewery (China), Beijing Yanjing Brewery (China), Suntory (Japan), Asahi Breweries (Japan), Sapporo Breweries (Japan), Arthur Guinness Son & Co. Ltd. (Ireland), Jester King Craft Brewery (United States) and Corona (United States). Analyst at AMA Research see United States Vendors to retain maximum share of Global Specialty Beer market by 2028. Considering Market by Brewing Techniques, the sub-segment i.e. Extract Brewing will boost the Specialty Beer market. Considering Market by Distribution, the sub-segment i.e. On-trade (Restaurants & Hotels, Pubs & Bars) will boost the Specialty Beer market. Considering Market by Packaging, the sub-segment i.e. Bottle will boost the Specialty Beer market. Considering Market by Style, the sub-segment i.e. Malt will boost the Specialty Beer market. Considering Market by Flavor, the sub-segment i.e. Fruit will boost the Specialty Beer market.
Latest Market Insights:
In 2022, Anheuser-Busch InBev released Seven Rivers, a brand-new beer, in the Indian market. The Brands Budweiser, Corona Extra, and Hoegaarden are all Equivalent to this one. The new product is initially exclusively offered in selected regions of Maharashtra and Karnataka., and In March 2021, Ballast Point announced, that fan-favorite specialty beer Habanero Sculpin IPA is returning on draft and 16-ounce cans in limited quantities. Habanero Sculpin is brewed with habanero peppers, which is an unusual ingredient for a beer.
In October 2022, Vicky Chamoy, a chamoy-flavored beer with undertones of sour, salty, spicy, and sweet flavors was released to the United States by VictoriaTM. A 24-ounce single-serve can of this Mexican-flavored beer that was imported from Mexico., and In 2022, Sonnen Hill Brewing introduced a limited-edition fruit beer produced from Ontario fruit and barley and raspberry and blackberry. A good mix of funk, acidity, and fruit was maintained during the product’s primary fermentation in stainless steel for more than a year and a half.
What Can be Explored with the Specialty Beer Market Study
Gain Market Understanding
Identify Growth Opportunities
Analyze and Measure the Global Specialty Beer Market by Identifying Investment across various Industry Verticals
Understand the Trends that will drive Future Changes in Specialty Beer
Understand the Competitive Scenario
- Track Right Markets
- Identify the Right Verticals
Research Methodology:
The top-down and bottom-up approaches are used to estimate and validate the size of the Global Specialty Beer market.
In order to reach an exhaustive list of functional and relevant players various industry classification standards are closely followed such as NAICS, ICB, SIC to penetrate deep in important geographies by players and a thorough validation test is conducted to reach most relevant players for survey in Specialty Beer market.
In order to make priority list sorting is done based on revenue generated based on latest reporting with the help of paid databases such as Factiva, Bloomberg etc.
Finally the questionnaire is set and specifically designed to address all the necessities for primary data collection after getting prior appointment by targeting key target audience that includes Raw Material Providers, Beer Manufacturer, New Entrance, Supplier & Distributor, Regulatory Bodies and Others.
This helps us to gather the data related to players revenue, operating cycle and expense, profit along with product or service growth etc.
Almost 70-80% of data is collected through primary medium and further validation is done through various secondary sources that includes Regulators, World Bank, Association, Company Website, SEC filings, OTC BB, USPTO, EPO, Annual reports, press releases etc.