Global Stout Industry: Key Statistics and Insights in 2024-2032
Summary:
- The global stout market size reached USD 9.3 Billion in 2023.
- The market is expected to reach USD 15.0 Billion by 2032, exhibiting a growth rate (CAGR) of 5.1% during 2024-2032.
- Europe leads the market, accounting for the largest stout market share.
- On-trade represents the largest segment owing to the demand for high-quality craft beers in bars and restaurants.
- Consumers are gravitating towards unique and artisanal beer options.
- The growing demand for stouts is encouraging retailers and e-commerce platforms to expand their beer selections to include a wider variety of stout options.
- Consumer preferences are shifting towards premium and high-quality beer options, with stouts often perceived as a sophisticated choice.
Industry Trends and Drivers:
- Growing Popularity of Craft Beer Culture:
Consumers are gravitating towards unique and artisanal beer options, with stouts becoming a popular choice due to their rich flavors and diverse subcategories, such as milk stouts, oatmeal stouts, and imperial stouts. Breweries are capitalizing on this trend by experimenting with new ingredients and brewing techniques, creating stouts with varied flavor profiles that cater to a wide range of tastes. This focus on craft beer is elevating the perception of stouts from a niche product to a mainstream option, attracting both seasoned beer enthusiasts and casual drinkers.
- Increasing Availability in Retail and Online Channels:
The growing demand for stouts is encouraging retailers and e-commerce platforms to expand their beer selections to include a wider variety of stout options, making these products more accessible to a broader audience. Supermarkets, specialty liquor stores, and online marketplaces are stocking a diverse range of stouts, including local craft brews and imported brands, providing consumers with more choices. Additionally, the convenience of online shopping allows consumers to explore and purchase stouts from breweries. This widespread availability not only meets existing demand but also introduces new consumers to the stout category, thereby broadening the market base.
- Consumer Preference for Premium and High-Quality Beers:
Consumer preferences are shifting towards premium and high-quality beer options, with stouts often perceived as a sophisticated choice. The rich, complex flavors of stouts, coupled with their strong associations with quality ingredients and traditional brewing methods, make them appealing to individuals who prioritize taste and craftsmanship. This trend is particularly evident among younger demographics, who are willing to pay a premium for unique and high-quality beverages. Breweries are responding by producing more premium stouts, often in limited editions or with special ingredients, to cater to this growing segment.
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Stout Market Report Segmentation:
By Distribution Channel:
- On-trade
- Off-trade
On-trade represents the largest segment owing to the demand for high-quality craft beers in bars and restaurants.
Regional Insights:
- North America (United States, Canada)
- Asia Pacific (China, Japan, India, South Korea, Australia, Indonesia, Others)
- Europe (Germany, France, United Kingdom, Italy, Spain, Russia, Others)
- Latin America (Brazil, Mexico, Others)
- Middle East and Africa
Europe dominates the market due to the rising consumer demand for traditional stout varieties and increasing consumption of alcohol among the masses.
Top Stout Market Leaders:
The stout market research report outlines a detailed analysis of the competitive landscape, offering in-depth profiles of major companies. Some of the key players in the market are:
- Anheuser-Busch InBev
- Asahi Group Holdings Ltd.
- Carlsberg Breweries A/S
- Diageo plc
- Heineken N.V.
- Kirin Brewery Co. Ltd.
- Molson Coors Beverage Company
- Port Brewing Company
- Stone Brewing Co.
- The Boston Beer Company Inc
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