Product ID: UCMIG30E2010
Report ID:
UCMIG30E2010 |
Region:
Global |
Published Date: Upcoming |
Pages:
165
| Tables: 55 | Figures: 60
The global black beer market was worth USD 25.96 billion in 2020 and is predicted to increase at an 8.9% CAGR (compound annual growth rate) from 2021 to 2028. A rise of demand for black beer to prevent ailments related by obesity is likely to boost the market during the forecast period. Furthermore, rising millennial use of alcoholic beverages is expected to drive market growth. The COVID-19 pandemic has wreaked havoc on the alcoholic beverage sector. Sales dropped by 20%-30% internationally from March to April 2020 as a result of on-premise & off-premise closures owing to rigorous lockdown measures.
This report is being written to illustrate the market opportunity by region and by segments, indicating opportunity areas for the vendors to tap upon. To estimate the opportunity, it was very important to understand the current market scenario and the way it will grow in future.
Production and consumption patterns are being carefully compared to forecast the market. Other factors considered to forecast the market are the growth of the adjacent market, revenue growth of the key market vendors, scenario-based analysis, and market segment growth.
The market size was determined by estimating the market through a top-down and bottom-up approach, which was further validated with industry interviews. Considering the nature of the market we derived the Brewers by segment aggregation, the contribution of the Brewers in Food, Beverage & Tobacco and vendor share.
To determine the growth of the market factors such as drivers, trends, restraints, and opportunities were identified, and the impact of these factors was analyzed to determine the market growth. To understand the market growth in detail, we have analyzed the year-on-year growth of the market. Also, historic growth rates were compared to determine growth patterns.
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Product ID: UCMIG30E2010