The Stouts And Porters by The Business Research Company provides market overview across 60+ geographies in the seven regions - Asia-Pacific, Western Europe, Eastern Europe, North America, South America, the Middle East, and Africa, encompassing 27 major global industries. The report presents a comprehensive analysis over a ten-year historic period (2010-2021) and extends its insights into a ten-year forecast period (2023-2033).
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According to The Business Research Company’s Stouts And Porters, The stouts and porters market size has grown strongly in recent years. It will grow from $9.65 billion in 2023 to $10.45 billion in 2024 at a compound annual growth rate (CAGR) of 8.2%. The growth in the historic period can be attributed to traditional brewing heritage, cultural and regional preferences, craft beer movement, loyal consumer base, marketing and branding strategies..
The stouts and porters market size is expected to see strong growth in the next few years. It will grow to $14.26 billion in 2028 at a compound annual growth rate (CAGR) of 8.1%. The growth in the forecast period can be attributed to craft beer continuation, flavor diversity and experimentation, rising consumer interest in specialty beers, culinary pairing trends, globalization of craft beer.. Major trends in the forecast period include low alcohol by volume (abv) options, inclusion of dessert flavors, canning and packaging trends, online sales and direct-to-consumer models, beer tourism..
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, and are not part of large corporations. 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 the stouts and porters market. For instance, in April 2023, according to the Brewers Association (BA), a US-based trade association representing small and independent American craft brewers, in 2022, the production of beer by small and independent brewers reached 24.3 million barrels, maintaining a level comparable to the figures from 2021. During the same period, the overall market share of craft beer, measured by volume, increased to 13.2%, showing a slight growth from the previous year's 13.1%. Therefore, the growing demand for craft beer is driving the growth of the stouts and porters’ market.
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The stouts and porters market covered in this report is segmented –
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
Major companies operating in the stouts and porters market are focused on developing flavored porters liquids such as bittersweet caramel-flavored porter to provide an efficient solution for railroads. A bittersweet caramel-flavored porter is a beer that combines the rich and robust qualities of a porter with the distinctive taste of bittersweet caramel. For instance, in January 2021, Niang Brewery Co, a Singapore-based craft beer brewery, expanded its beer lineup by launching two new offerings, Trooper’s Arrow, a porter, and Forbidden Ballad, a West Coast IPA. The company focused on the story and experience. The new West Coast IPA, for example, is inspired by memories of playing at his grandmother's home, featuring piney and fresh forest notes. Trooper’s Arrow, inspired by the founder's childhood memories of medicinal remedies, particularly a brown-hued liquid from a Chinese medicine shop, is designed as a bittersweet caramel-flavored porter.
The stouts and porters market report table of contents includes:
1. Executive Summary
2. Stouts And Porters Market Characteristics
3. Stouts And Porters Market Trends And Strategies
4. Stouts And Porters Market - Macro Economic Scenario
5. Global Stouts And Porters Market Size and Growth
6. Stouts And Porters Market Segmentation
7. Stouts And Porters Market Regional And Country Analysis
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27. Stouts And Porters Market Competitive Landscape And Company Profiles
28. Key Mergers And Acquisitions In The Stouts And Porters Market
29. Stouts And Porters Market Future Outlook and Potential Analysis
TOP MAJOR PLAYERS:
- Anheuser Busch InBev SA NV
- Asahi Group Holdings Ltd.
- Beerwulf BV
- Bells Brewery Inc.
- Carlsberg Breweries AS
- Deschutes Brewery
- Diageo Plc.
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