Product ID: UCMIG30F2016
Report ID:
UCMIG30F2016 |
Region:
Global |
Published Date: Upcoming |
Pages:
165
| Tables: 55 | Figures: 60
In 2019, the global stout market reached a significant value of USD 10.64 billion, reflecting its strong presence in the beverage industry. Projections indicate that this market will continue to grow steadily, with a compound annual growth rate (CAGR) of 4.4% from 2020 to 2027. This growth can be attributed to factors such as changing consumer preferences, increasing disposable income, and the rising popularity of craft beers worldwide. As consumers become more adventurous with their beverage choices, the demand for stout, known for its rich and robust flavor profile, is expected to rise, further fueling the market's expansion in the coming years.
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 Distillers & Vintners by segment aggregation, the contribution of the Distillers & Vintners 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: UCMIG30F2016