The latest report by IMARC Group, titled “Stout Market :Global Industry Trends, Share, Size, Growth, Opportunity and Forecast 2023-2028“, The is expected to exhibit a growth rate (CAGR) of 4.51% during 2023-2028.
Stout is a type of beer that is known for its rich and improved flavor profile. It falls under the broader category of ales and is characterized by its dark color, often appearing deep brown to black. What sets Stout apart from other beer styles is its use of roasted malt or roasted barley during the brewing process, which imparts a distinct and bold taste. It is typically characterized by notes of roasted coffee, chocolate, and even hints of caramel or toffee. This combination of flavors gives stout a complex and often bittersweet taste that is enjoyed by many beer enthusiasts. Additionally, stout is available in various substyles, each with its unique characteristics such as dry Stout, known for its dry finish and smooth, creamy texture, while sweet Stout or milk stout is known for its sweeter taste due to the addition of lactose, which adds creaminess to the beer.
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Stout Market Trends and Drivers:
The stout market is primarily driven by the evolving taste preferences of consumers. In addition, consumers are becoming more adventurous in their culinary and beverage choices and seeking out unique and bold flavors, including Stout with its rich, roasted, and complex flavor profile, appealing to these adventurous palates and influencing the market growth. Moreover, several brewmasters are experimenting with stout recipes, creating unique and limited-edition brews that attract collectors and enthusiasts, which keeps the market fresh and exciting, representing another major growth-inducing factor. Also, the craft beer movement has gained significant traction in recent years, augmenting the market growth. Consumers are inclined toward locally brewed, artisanal beers over mass-produced options, and several craft breweries have embraced stouts as a signature offering, contributing to the market's growth. Besides this, the introduction of lighter, lower-alcohol stouts that appeal to individuals who enjoy the flavors of a stout without the high alcohol content typically associated with the style among health-conscious consumers is accelerating the market growth.
Report Segmentation:
The report has segmented the market into the following categories:
Breakup by Distribution Channel:
- On-trade
- Off-trade
Market Breakup by Region:
- 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
Competitive Landscape with Key Player:
- 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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