Chocolate Beer Market: Global Industry Analysis and Forecast (2023-2029)

Chocolate Beer Market size was valued at US$ 1.71 Bn. in 2022 and the total Chocolate Beer revenue is expected to grow at 6.88 % through 2023 to 2029, reaching nearly US$ 2.72 Bn.
Chocolate Beer Market Overview:
The bitterness in this beer is quite high. The bitterness of chocolate beer is liked by many consumers. Hops extracts are added to this beer to give it a bitter and fruity flavour. The beer's flavour is not overwhelming due to the usage of hops. The flavour and scent of this chocolate beer vary based on the brewer. Chocolate has more health advantages than normal ones. Chocolate beer has a 10% lower cholesterol level. It is a beer with a low-fat content that might help the consumer to maintain their weight. Drinking beer on the limit is beneficial for health. Chocolate beer is good for bone health and boosts immunity. Several market sectors are experiencing increasing demand for Chocolate Beer in recent years.To know about the Research Methodology :- Request Free Sample Report

In this report, the market's growth reasons, as well as the market's many segments (Type, Distribution Channel, Packaging Material, and Region.), are discussed. Data has been given by market players, regions, and specific requirements. This market report includes a comprehensive overview of all the significant improvements that are presently prevailing in all market segments. Key data analysis is presented in the form of statistics, infographics, and presentations. The study discusses the market's Drivers, Restraints, Opportunities, and Challenges. The report helps to assess the market growth drivers and determines how to use these drivers as a tool. The report also helps to rectify and resolve issues related to the global Chocolate Beer market situation.
Chocolate Beer Market Dynamics:
Consumer's inclination toward Chocolate Beer

Chocolate is a popular flavour all across the globe. All of these elements contribute to the market's strong demand. Consumer preference for chocolate-flavoured beers is a significant market driver. This market is benefiting from a shift in customer preferences. Moreover, the young generation has a stronger need for chocolate-flavoured beers. The millennial desire for chocolate-flavoured beers will drive rapid market growth in the coming years.

Consumers are spending more on habitual products because of the increase in per capita income. Thus, the demand for chocolate beer is expected to increase throughout the forecast period. More advancements are projected to result from the market's rising product range. There are several types of chocolate beers available on the market which result in a high level of profitability. New product introductions are expected in the coming years. All of these variables are expected to contribute to the overall growth opportunities.

Every year ahead of Valentine’s Day and during the Stout month of February people love to drink chocolate beer which is easily available in bottles or cans. Some flavours are easy to find, others are extremely limited and users have to seek them out, but because each is available in the packaged form, people can use gift it to their loved ones or be enjoyed it year-round. Therefore, the market for chocolate beer is growing throughout the forecast period.

Restraint for the market

Chocolate flavour beer is a trend nowadays. The expense of producing good quality chocolate is increased. It is essential to execute the correct chocolate flavour during the manufacturing of chocolate bee. The complexities of selecting chocolate flavours are market restraints that might hinder growth during the forecast period. Another big obstacle is the high cost of raw materials. Prices of raw materials are high during these covid 19-period fluctuations. As a result of these characteristics, the market's supply is decreased. The price of raw materials can generate several market restrictions in the growth of the market.
Chocolate Beer Market Segment Analysis:
By Type, the Chocolate beer is segmented into the chocolate Lager segment is holding the major market share owing to its longer shelf life, clean flavour and less bitterness.

By Distribution Channel, Approximately 80% of chocolate beer sales take place at off-premise retail and the remaining 20% of chocolate beer sales take place on-premise. However, this statistic can vary per region. Off-premise beverage alcohol sales have given grocers a nice buzz in recent years, and the outbreak has only increased growth in this sector. The following factors have contributed significantly to the growth of off-premise alcohol sales: Closures of on-premises, Changing Consumer Behavior and an increase in alcohol use. On-premise distribution still results in significantly more revenue because bar and restaurant prices are way higher than establishments like grocery stores.

By Packaging Material, chocolate beer comes in a wide variety of packages of different sizes, shapes, and materials. The can segment is expected to generate the highest CAGR during the forecast period. One of the primary drivers of this trend has been the ongoing shift away from on-premise sales outlets to off-premise retail channels such as convenience, grocery, and mass merchandiser stores, which tend to offer more canned beer than on-premise retailers such as bars and restaurants. Consumers enjoy beer cans because it is easy to chill and carry around. Can also protect the beer inside from light, so the taste isn’t affected.


Regional Insights:
In Europe, the Chocolate beer market is expected to grow at the highest rate owing to its high demand in this region. It is the region with the most shares in the chocolate beer market. Chocolate beers are in high demand among alcoholic drinkers. Chocolate is a widely popular flavour, thus chocolate beer demand is increasing owing to the lower price barrier.

North America is another market leader in chocolate beer due to its high level of demand in millionaires and their disposable income. The cost of chocolate beer is high in this region. Furthermore, varieties of chocolate flavours available in this region are boosting the growth of the chocolate beer market over the forecast period.

The objective of the report is to present a comprehensive analysis of the Chocolate Beer market to the stakeholders in the industry. The past and current status of the industry with the forecasted market size and trends are presented in the report with the analysis of complicated data in simple language. The report covers all the aspects of the industry with a dedicated study of key players that include market leaders, followers, and new entrants.

PORTER, PESTEL analysis with the potential impact of micro-economic factors of the market have been presented in the report. External as well as internal factors that are supposed to affect the business positively or negatively have been analysed, which will give a clear futuristic view of the industry to the decision-makers.

The report also helps in understanding the Chocolate Beer market dynamics, and structure by analyzing the market segments and projecting the Chocolate Beer market size. Clear representation of competitive analysis of key players by product, price, financial position, product portfolio, growth strategies, and regional presence in the Chocolate Beer market make the report investor’s guide.
Chocolate Beer Market Scope: Inquiry Before Buying



Chocolate Beer Market


Base Year
2022
Forecast Period
2023-2029


Historical Data
CAGR
Market Size in 2022
Market Size in 2029


2018 to 2022
6.88%
US$ 1.71 Bn
US$ 2.72 Bn


Segments Covered


by Type
Chocolate Ale
Chocolate Lager
Chocolate Stouts
by Distribution Channel
On-premise
Off-premise
by Packaging material
Glass Bottles
Cans
Others


Regions Covered


North America
United States
Canada
Mexico
Europe
UK
France
Germany
Italy
Spain
Sweden
Austria
Rest of Europe
Asia Pacific
China
S Korea
Japan
India
Australia
Indonesia
Malaysia
Vietnam
Taiwan
Bangladesh
Pakistan
Rest of APAC
Middle East and Africa
South Africa
GCC
Egypt
Nigeria
Rest of ME&A
South America
Brazil
Argentina
Rest of South America



Key Players:
1. Anheuser-Busch In Bev
2. D.G. Yuengling & Sons
3. New Belgium Brewing Company
4. Sierra Nevada Brewing
5. Stone Brewing
6. Bell’s Brewery
7. Deschutes Brewery
8. Omer Vander Ghinste
9. Dogfish Head Craft Brewery
10. Celt Experience Brewery
11. New Glarus Brewing Company
12. Minhas Craft Brewery
13. Thornbridge Riverside Brewery
14. The Brooklyn Brewery
15. Oskar Blues Brewing
16. BrewDog

Frequently Asked Questions:

1. Which region has the largest share in Global Chocolate Beer Market?
Ans: Europe region held the highest share in 2022.

2. What is the growth rate of Global Chocolate Beer Market?
Ans: The Global Chocolate Beer Market is growing at a CAGR of 6.88% during forecasting period 2023-2029.

3. What is scope of the Global Chocolate Beer Market report?
Ans: Global Chocolate Beer Market report helps with the PESTEL, PORTER, COVID-19 Impact analysis, Recommendations for Investors & Leaders, and market estimation of the forecast period.

4. Who are the key players in Global Chocolate Beer Market?
Ans: The important key players in the Global Chocolate Beer Market are – Anheuser-Busch In Bev, D.G. Yuengling & Sons, New Belgium Brewing Company, Sierra Nevada Brewing, Stone Brewing, and Bell’s Brewery

5. What is the study period of this Market?
Ans: The Global Chocolate Beer Market is studied from 2022 to 2029.