New York, June 06, 2023 (GLOBE NEWSWIRE) -- Reportlinker.com announces the release of the report "Stouts And Porters Global Market Report 2023" - https://www.reportlinker.com/p06464131/?utm_source=GNW
Ltd., Left Hand Brewing Co., Molson Coors Beverage Co., Oskar Blues, Port Brewing Co., Rogue Ales and Spirits, Sprecher Brewery, Stone Brewing Co. LLC, The Boston Beer Co. Inc., and Bells Brewery Inc.
The global stouts & porters market is expected to grow from $8.92 billion in 2022 to $9.73 billion in 2023 at a compound annual growth rate (CAGR) of 9.1%. The Russia-Ukraine war disrupted the chances of global economic recovery from the COVID-19 pandemic, at least in the short term. The war between these two countries has led to economic sanctions on multiple countries, a surge in commodity prices, and supply chain disruptions, and affecting many every markets across the globe. The stouts & porters market is expected to reach $12.97 billion in 2027 at a CAGR of 7.5%.
The stouts and porters market consists of sales of beers, craft beers, and dark beers.Values in this market are ‘factory gate’ values, that is the value of goods sold by the manufacturers or creators of the goods, whether to other entities (including downstream manufacturers, wholesalers, distributors and retailers) or directly to end customers.
The value of goods in this market includes related services sold by the creators of the goods.
Stouts refer to beers that are fairly strong, highly roasted, and bitter, made from very dark malts that have been extensively roasted or kilned whereas dark beers with a complex and flavorful dark malt character that are derived from malted barley are known as porters.
Europe was the largest region in the stouts & porters market in 2022. The regions covered in the stouts & porters market report are Asia-Pacific, Western Europe, Eastern Europe, North America, South America, Middle East and Africa.
The main ingredients of stouts and porters are unmalted, roasted barley, and malted barley.Unmalted is where a grain has not been converted into malt.
Stouts use unmalted, roasted barley and malted barley for production.It is packed in cans and bottles, available in premium and regular categories.
These are distributed by on-trade and off-trade channels.
The growing demand for craft beer is expected to propel the growth of the stouts and porters market going forward.Craft beer refers to the beer brewed by breweries that are independently owned, which are not part of large corporation.
The unique flavor profile, the popularity of the craft beer movement, a willingness to experiment with new beer styles, and a desire for more natural and authentic products are driving the growth of stouts and porters market. For instance, according to the California Craft Brewers Association, a US-based non-profit trade association, in 2021, craft breweries contributed $9.03 billion to the California state’s economy. Additionally, in 2020, 3.35 million barrels of beers were produced by craft breweries. Therefore, the growing demand for craft beer is driving the growth of the stouts and porters market.
Technological advancements are a key trend gaining popularity in the stouts and porters market.Companies operating in the stouts and porters market are adopting new technologies to sustain their position in the market.
For instance, in February 2020, Pubinno, a US-based technology company, started utilizing taps with artificial intelligence to improve a variety of aspects of the beer dispensing process. By using artificial intelligence, it reduces waste and preserves the brewery’s beer quality.
In September 2020, Anheuser-Busch InBev, a Belgium-based drink and brewing company completed the acquisition of Craft Brew Alliance. This acquisition includes Anheuser-Busch InBev purchasing remaining 68.8% of Craft Brew Alliance for $220 million. The acquisition expands the portfolio and business opportunities for Anheuser-Busch InBev. Craft Brew Alliance is a US-based beer brewing company.
The countries covered in the stouts & porters market report are Australia, Brazil, China, France, Germany, India, Indonesia, Japan, Russia, South Korea, UK, USA.
The market value is defined as the revenues that enterprises gain from the sale of goods and/or services within the specified market and geography through sales, grants, or donations in terms of the currency (in USD, unless otherwise specified).
The revenues for a specified geography are consumption values that are revenues generated by organizations in the specified geography within the market, irrespective of where they are produced. It does not include revenues from resales along the supply chain, either further along the supply chain or as part of other products.
The stouts and porters market research report is one of a series of new reports that provides stouts and porters market statistics, including stouts and porters industry global market size, regional shares, competitors with an stouts and porters market share, detailed stouts and porters market segments, market trends, and opportunities, and any further data you may need to thrive in the stouts and porters industry. This stouts and porters market research report delivers a complete perspective of everything you need, with an in-depth analysis of the current and future scenario of the industry.
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