SAN FRANCISCO, Oct. 8, 2020 /PRNewswire/ -- The global stout market size is expected to reach USD 15.04 billion by 2027, according to a new report by Grand View Research, Inc., expanding at a CAGR of 4.4% from 2020 to 2027. Shifting consumer inclination towards alcoholic drinks with richer taste and texture is boosting the market growth. Moreover, increasing preferences among consumers for premium drinks with nutritional benefits, such as significant amounts of antioxidants, for a healthy lifestyle are expected to offer new avenues for the market over the forecast period.
Key suggestions from the report:
- The growing culture of pubbing, house party, outings, clubbing, and other various social gathering is propelling the demand for stouts across the globe
- The on-trade segment was the largest distribution channel with a share of more than 60.0% in 2019 owing to the growing pubbing and partying culture among the youngsters across the globe. Young generation customers and the working-class population are propelling the demand for the on-trade sales of premium products, like stouts, across the globe
- The off-trade distribution channel is anticipated to be the fastest-growing segment with a CAGR of 4.7% from 2020 to 2027. Due to the pandemic, the online sales channel has witnessed a surge in the sales of alcoholic drinks. Customers were increasingly ordering their drinks through online portals as all the clubs, pubs, and bars were closed due to the pandemic across the globe
- North America is anticipated to be the fastest-growing regional market with a CAGR of 5.0% from 2020 to 2027 owing to increasing demand for the premium beers with enhanced flavors, textures, and aroma in the U.S. and Canada
Read 80 page research report with ToC on "Stout Market Size, Share & Trends Analysis Report By Distribution Channel (On-trade, Off-trade), By Region (North America, Europe, APAC, Central & South America, MEA), And Segment Forecasts, 2020 - 2027' at:https://www.grandviewresearch.com/industry-analysis/stout-market
Over the past few years, the young generation and working-class population have increasingly adopted the partying culture in pubs, bars, casinos, and even house parties across the globe. The U.S. is one of the countries with a vast bar and nightclub industry in the world. According to the statistics provided by the American Nightlife Association (ANA), in 2018, the U.S. bar and nightclub industry was valued at USD 26 billion and is witnessing a 2.9% Year on Year (YoY) growth. These statistics are opening new avenues for stout.
Europe was the largest regional market for stouts, accounting for more than 35.0% in 2019. Stout was first introduced in the U.K. and it is still widely consumed as a traditional and premium beer in the region. North America is expected to witness significant growth in the years to come due to the increasing adoption of the product among millennials, young customers, and working-class people.
Grand View Research has segmented the global stout market basis of distribution channel and region:
- Stout Distribution Channel Outlook (Revenue, USD Million, 2016 - 2027)
- On-trade
- Off-trade
- Stout Regional Outlook (Revenue, USD Million, 2016 - 2027)
- North America
- The U.S.
- Europe
- The U.K.
- Germany
- Italy
- Asia Pacific
- China
- Japan
- Central & South America
- Brazil
- Middle East & Africa
- List of Key Players of Stout Market
- Carlsberg Breweries A/S
- Asahi Group Holdings Ltd.
- Heineken N.V.
- Anheuser-Busch InBev SA/NV
- Kirin Brewery Co. Ltd.
- Diageo plc
- Molson Coors Beverage Co.
- The Boston Beer Co. Inc.
- Stone Brewing Co.
- Port Brewing Co.
Find more research reports on Consumer F&B Industry, by Grand View Research:
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About Grand View Research
Grand View Research, U.S.-based market research and consulting company, provides syndicated as well as customized research reports and consulting services. Registered in California and headquartered in San Francisco, the company comprises over 425 analysts and consultants, adding more than 1200 market research reports to its vast database each year. These reports offer in-depth analysis on 46 industries across 25 major countries worldwide. With the help of an interactive market intelligence platform, Grand View Research helps Fortune 500 companies and renowned academic institutes understand the global and regional business environment and gauge the opportunities that lie ahead.
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