Global Chocolate Beer Market 2017-2021

Overview of the global chocolate beer market

Research analysis on the global chocolate beer market identifies that the rising demand from developing countries will be one of the major factors that will have a positive impact on the growth of the market. A large growth potential for chocolate beer products is observed in the developing countries in regions such as Africa, South America, Eastern Europe, and South-East Asia.  Strong economic development particularly in APAC, MEA, and Latin America, have given rise to higher income levels of consumers. This has resulted in increased purchasing power of the middle-income consumers in these regions leading to consumers looking for new products in the food and beverages industry, which in turn has given rise to increased demand for craft beer products such as chocolate beer. Technavio’s market research analysts predict that this market will grow at a CAGR of close to 12% by 2021.

In terms of geographic regions, the Americas will be the major revenue contributor of the chocolate beer market throughout the forecast period. North America is the key market for chocolate beer in the Americas with the US and Canada creating the largest demand of chocolate beer products. Also, the rise in demand for craft beer products among consumers will boost the growth of the chocolate beer market in the region.

Competitive landscape and key vendors