Market Overview:
Fruit Beer Market was valued USD xx million in 2018 and expected to be growing at a CAGR of xx%, to reach USD xx million by 2023. Fruit beer is a type of beer that is made with fruit added as a flavoring agent or an adjunct. It has its origins in Belgium and now it is available in many other parts of the world. The fruity smell is considered to be a major factor, the strength of which is dependent on the brewing procedure of beer. Fruits such as plums, cherries and raspberries have a more pronounced smell when utilized as compared to peach or blueberries.
Market drivers and restraints:
The driving factors of global Fruit Beer market are increasing disposable incomes, increase of western culture adoption in other parts of the world, increasing number of restaurants and bars and relaxation of the rules on which beer business is to be run among others. Furthermore, the popularity of these drinks seems to rise with time that is propelling the expansion of this market. Some other reasons such as growing customer consciousness relating to long term effects of liquor along with customer preferences to avoid headaches & drowsiness will propel the fruit beer market growth.
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Report segmented as:
By flavor:
Peach
Raspberry
Cherries
Blueberry
Plums
Others
By distribution channel:
departmental stores
bars and restaurants
supermarkets
specialty stores
online retailers
Geographical analysis:
Fruit Beer market is segmented based on geography into North America, Latin America, Asia-Pacific, Middle East and Africa and Europe. Europe has the dominating market for Fruit Beer in the world that is followed by North America and Asia Pacific regions. Asia Pacific region is estimated to have the quickest growth rate throughout the forecast period.
Important market players:
Some of the key players in the market are Joseph James Brewing Company, Inc., New Belgium Brewing Company, Brewery Ommegang, All Saints’ Brewery, Lindemans Brewery, Lost Coast Brewery, Magic Hat Brewing Company, Shipyard Brewing Company, Unibroue, Wells & Young's Ltd., Brouwerij Van Honsebrouck N.V., Abita Brewing Co. and Pyramid Breweries, Inc. among others.
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The Scope of the report:
This report offers the current product and services market evaluation and the future estimation of the market. It helps us understand the market better through size anticipation and CAGR calculation to estimate the next market. It has a broader segmentation for better understanding of the enterprising of the market at a low level by segregating the market into smaller sectors.
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