The Stout And Porter Beer Market is being driven by Growing demand for stout and porter beer
The Stout And Porter Beer Market is expected to grow at a CAGR of 4.2% during 2024 and 2029. During this period, the market is also expected to show a growth of USD 16.1 billion. The global stout and porter beer market is expected to experience significant growth during the forecast period, driven by an increasing trend of strategic partnerships and collaborations among key players. Companies are adopting various business strategies, including collaborations with end-users and distributors, manufacturing capacity expansion, and innovative marketing campaigns, to boost sales. An illustrative example is the October 2024 partnership between Northern Monk and Timothy Taylor's breweries in the UK. This collaboration resulted in the launch of Northern Rising, a 4.4% ABV stout with distinct malt-forward flavors, showcasing the combined expertise of both breweries in crafting a superior product with chocolate and caramel undertones.
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The market is segmented based on
According to Technavio, There are several factors that are causing the market to flourish during the forecast period, which are as follows:
However, the market also witnesses some limitations, which are as follows:
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Market Scope |
|
Report Coverage |
Details |
Page number |
209 |
Base year |
2024 |
Historic period |
2019-2023 |
Forecast period |
2025-2029 |
Growth momentum & CAGR |
Accelerate at a CAGR of 4.2% |
Market growth 2025-2029 |
USD 16.1 billion |
Market structure |
fragmentation |
YoY growth 2024-2025(%) |
3.8 |
Key countries |
US, China, UK, Germany, Japan, Canada, Ireland, Australia, Poland, and South Korea |
Competitive landscape |
Leading Companies, Market Positioning of Companies, Competitive Strategies, and Industry Risks |
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The Stout and Porter beer market encompasses various aspects of the brewing process, beer culture, and beer connoisseurship. It includes the craft beer movement with small batch brewing, limited release beers, and collaboration brews. Specialty beers such as barrel-aged, sour, Belgian strong ale, barley wine, and others are popular. Beer gardens, distribution, retail sales, and online sales contribute to the market. Sustainability, organic brewing, gluten-free, low-calorie, and non-alcoholic beers cater to consumer preferences. Innovation in brewing leads to emerging beer styles and shapes the future of the beer industry.
The global brewers market encompasses entities engaged in the production of beer, specifically craft beer and malt liquors. Notably, this market excludes the sale of commercial beer dispensers and kegerators. Factors propelling the expansion of this market include the substantial surge in craft beer production, particularly in developed regions. In the United States, for instance, the count of craft brewers has marked a substantial rise since 2021. Approximately 80% of the total craft beer production can be attributed to nano breweries and microbreweries. The proliferation of these entities is a significant contributor to the market's growth trajectory. Craft beer styles, such as American Stout and Imperial Stout, have gained immense popularity, further fueling market expansion.. Industries are leveraging the products belonging to the market for customer engagement, transactional notifications, and promotional offers.
Technavio Research
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