Press release
Stouts and Porters Market: Promising Growth at CAGR of 8.2%, Driven by Traditional Brewing Heritage and Expanding Craft Beer Movement
Harnessing the Craft Beer Trend: The Stout and Porter Market Expected to Reach $15.4 Billion by 2029
What Is The Projected Market Size Of The Global Stouts And Porters Market And Its Growth Rate?
The Stouts and Porters market has been exhibiting robust growth recently, projected to continue its upward trajectory:
- Market size in 2024: $10.45 billion
- Projected market size in 2025: $11.3 billion (CAGR of 8.2%)
- Expected market size in 2029: $15.4 billion (CAGR of 8.0%)
This growth is primarily driven by factors including traditional brewing heritage, craft beer movement, loyal consumer base, and effective marketing and branding strategies.
What Is Driving The Growth In The Stouts And Porters Market?
The surge in demand for craft beer is propelling the growth of the Stouts and Porters market. These independently brewed beers are favored for their unique flavor profile, authenticity, and the willingness of breweries to experiment with new beer styles. The Brewers Association reported that the beer production by small and independent brewers in 2022 reached 24.3 million barrels, contributing to the market share of craft beer, which increased slightly to 13.2%. Therefore, the rising demand for craft beer is significantly driving the expansion of the Stouts and Porters market.
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Who Are the Key Players Driving Stouts And Porters Market Growth?
Significant players operating in the Stouts and Porters market include:
- Anheuser Busch InBev SA NV
- Asahi Group Holdings Ltd.
- Bells Brewery Inc.
- Carlsberg Breweries AS
- Deschutes Brewery
- Diageo Plc.
- Heineken NV
- Kirin Holdings Co. Ltd.
- Left Hand Brewing Co.
- Molson Coors Beverage Co.
What Are The Key Trends In The Stouts And Porters Market?
Here are the major trends observed in the Stouts and Porters market:
- Preference for low alcohol by volume (abv) options
- Inclusion of dessert flavors in brewing
- Canning and packaging trends
- Rise in online sales and direct-to-consumer models
- Boost in beer tourism
What Are The Segments Of The Global Stouts And Porters Market?
The global Stouts and Porters market can be segmented into:
1) By Ingredient: Unmalted, Roasted Barley, Malted Barley
2) By Packaging: Cans, Bottles
3) By Category: Premium, Regular
4) By Distribution Channel: On-Trade, Off-Trade
Which Region Leads The Stouts And Porters Market?
In 2024, Europe emerged as the leading stakeholder in the Stouts and Porters market. The report covers Stouts and Porters market in all significant regions, including Asia-Pacific, Western Europe, Eastern Europe, North America, South America, Middle East, Africa, with Europe being the largest market in 2024.
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What Is Covered In The Stouts And Porters Market Global Market Report?
- Market Size Analysis: Analyze the Stouts And Porters Market size by key regions, countries, product types, and applications.
- Market Segmentation Analysis: Identify various subsegments within the Stouts And Porters Market for effective categorization.
- Key Player Focus: Focus on key players to define their market value, share, and competitive landscape.
- Growth Trends Analysis: Examine individual growth trends and prospects in the Market.
- Market Contribution: Evaluate contributions of different segments to the overall Stouts And Porters Market growth.
- Growth Drivers: Detail key factors influencing market growth, including opportunities and drivers.
- Industry Challenges: Analyze challenges and risks affecting the Stouts And Porters Market.
- Competitive Developments: Analyze competitive developments, such as expansions, agreements, and new product launches in the market.
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