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Research analysis on the global chocolate beer market identifies that the rising demand from developing countries will be one of the major factors that will have a positive impact on the growth of the market. A large growth potential for chocolate beer products is observed in the developing countries in regions such as Africa, South America, Eastern Europe, and South-East Asia. Strong economic development particularly in APAC, MEA, and Latin America, have given rise to higher income levels of consumers. This has resulted in increased purchasing power of the middle-income consumers in these regions leading to consumers looking for new products in the food and beverages industry, which in turn has given rise to increased demand for craft beer products such as chocolate beer. Technavio’s market research analysts predict that this market will grow at a CAGR of close to 12% by 2021.
In terms of geographic regions, the Americas will be the major revenue contributor of the chocolate beer market throughout the forecast period. North America is the key market for chocolate beer in the Americas with the US and Canada creating the largest demand of chocolate beer products. Also, the rise in demand for craft beer products among consumers will boost the growth of the chocolate beer market in the region.
The chocolate beer market consists of many players in several countries of Europe and the Americas. These players compete in terms of price, product differentiation, distribution, promotion, and quality. To sustain and succeed in this competitive environment, it becomes important for the players in the market to distinguish their products and services through a clear and unique value proposition.
The leading vendors in the market are –
The other prominent vendors in the market are Bell's Brewery, BrewDog, BUXTON BREWERY, Celt Experience Brewery, Deschutes Brewery, Dogfish Head Craft Brewery, Himburgs Braukunstkeller, Minhas Craft Brewery, New Glarus Brewing Company, Omer Vander Ghinste, Oskar Blues Brewing, Stone Brewing, SweetWater Brewing Company, The Brooklyn Brewery, and Thornbridge Riverside Brewery.
During 2016, the chocolate ale market segment accounted for the major shares of the chocolate beer market. The availability of different types of chocolate ale such as pale ale, IPA, and Amber ale and its increased popularity around the world will contribute to the growth of this industry segment in the coming years.
Segmentation by distribution channel and analysis of the chocolate beer market
According to this market research report, the on-premise distribution channel will account for the maximum sales of chocolate beer until 2021. The increased consumption rates in the European and American markets and rise in the number of brewpubs and restaurants offering craft beer products will drive the growth of the chocolate beer market in this segment.
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PART 01: Executive summary
PART 02: Scope of the report
PART 03: Research Methodology
PART 04: Introduction
PART 05: Market landscape
PART 06: Market segmentation by product
PART 07: Market segmentation by distribution channel
PART 08: Geographical segmentation
PART 09: Key leading countries
PART 10: Decision framework
PART 11: Drivers and challenges
PART 12: Market trends
PART 13: Vendor landscape
PART 14: Appendix
Research Framework
Technavio presents a detailed picture of the market by way of study, synthesis, and summation of data from multiple sources. The analysts have presented the various facets of the market with a particular focus on identifying the key industry influencers. The data thus presented is comprehensive, reliable, and the result of extensive research, both primary and secondary.
INFORMATION SOURCES
Primary sources
Secondary sources
DATA ANALYSIS
Data Synthesis
Data Validation
REPORT WRITING
Qualitative
Quantitative
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