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Kegs Market

Global Kegs Market is Expected to Foresee Significant Growth During the Forecast Period. Europe to Witness the Highest Growth

The global Kegs market is expected to grow significantly by 2027 expanding at a reasonable CAGR of around 5% during the forecast period (2021-2027).

A surge in the end user’s disposable income is one of the leading factors that is contributing to the growing market of beverages including Kegs, globally. Rising purchasing power in developing countries such as Australia, EU, Mexico, Brazil, India, Thailand, and China is projected to allow consumers to spend more on food and beverages including alcoholic and non-alcoholic beverages, juices, etc., As per OCED, the household spending in Canada, China, Denmark, European Union, France, and Germany reached to 1,021,459.5, 9,241,095.5, 139,229.8, 10,785,281.3, 1,561,879.9 and 2,288,541.1 US$ million, respectively.

For a detailed analysis of Kegs browse through – https://univdatos.com/report/kegs-market/   

Moreover, an increase in alcohol consumption, other alcoholic beverage consumption across countries is leading to the growing demand for kegs. Globally, there has been an increase in alcohol consumption during the historic period. For instance, in 2017, 77% of the Chinese consumed alcohol at least once in a while.  During 2010-2017, per capita, alcohol consumption in India and Japan increased by 5.9 liters and 7.9 liters, respectively. Changing lifestyles, increasing affluence, and stress drinking are some major factors driving the demand for alcohol.

Escalating demand for beers worldwide especially craft beers is a leading factor contributing to the market growth of the kegs. As per Brewers Association, the total value of the beer market was USD 94.1 billion in 2020. Also, the number of craft breweries in the United States increased from 4,803 in 2015 to 8,764 in 2020, revealed by the Brewers association owing to the emerging demand due to the lifestyle change, increased disposable income. Moreover, due to the rising awareness among end-users, emerging demand for healthier products in the food & beverage industry witnessed a sharp rise in recent years. Therefore, consumers specially millenniums are shifting towards alcohol-free beer and mocktails, which in turn are contributing to the growing demand for kegs

For a detailed analysis of the COVID-19 Impact on Kegs browse through – https://univdatos.com/report/kegs-market/

The demand for kegs was adversely impacted by the COVID-19 pandemic. The lockdown across cities coupled with the complete shutdown of restaurants and bars and other retail shops resulted in decreased demand for alcoholic beverages which ultimately has an adverse impact on the kegs market. Moreover, trade restrictions by the government, imbalanced supply of raw material, disrupted supply chain, etc. also hinder the market growth of kegs during the COVID-19 pandemic.

Based on the material type, the market is fragmented into Plastic, Tin, and Stainless Steel. The stainless-steel segment grabbed the major market share and dominated the market in 2020. The market of this segment would reach USD XX Mn by 2027. The segment is witnessing an uptick owing to the benefits of stainless-steel manufacturer kegs such as its help in protecting the content from the UV lights and other external environments. Also, they are easy to handle, and they provide automated cleaning and filling through the valve in a closed system is leading to the growth of the market.

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Based on the distribution channel, the market is fragmented into Hypermarket & Supermarkets, Commercial Liquor Store, and Others. The hypermarket/ supermarket segment grabbed XX% market share in 2020 and captured USD XX Mn the market. The availability of numerous brands under one roof coupled with the offering of discounts in the hypermarkets/ supermarkets is leading to the growth of this segment. However, the commercial liquor store segment would witness the highest CAGR during the forthcoming years.

Additionally, the report provides detailed initiatives that are being taken in the field of Artificial Plants. The market is classified into distinct regions including North America (the U.S, Canada, Rest of North America), Europe (Germany, France, Spain, Italy, and United Kingdom and Rest of Europe), Asia-Pacific (China, Japan, Australia, India, South Korea, and the Rest of APAC), Rest of World has been conducted. Europe region dominated the market and grabbed major market share in 2020. The European Union is the heaviest-drinking region in the world, with over one-fifth of the European population aged 15 years and above reporting heavy episodic drinking (five or more drinks on an occasion, or 60g alcohol) at least once a week.

Global Kegs Market Segmentation

Market Insight, by Material Type

  • Plastic
  • Tin
  • Stainless Steel

Market Insight, by Capacity

  • Up to 20 Litre
  • 20 Litre to 40 Litre
  • 40 Litre to 60 Litre
  • Above 60 Litre

Market Insight, by End-User

  • Alcoholic Beverages
  • Non- Alcoholic Beverages
  • Cooking Oil
  • Chemicals
  • Others

Market Insight, by Distribution Channel

  • Supermarket/Hypermarket
  • Commercial Liquor Store
  • Others

Market Insight, by Region

  • North America
    • United States
    • Canada
    • Rest of North America
  • Europe
    • France
    • Germany
    • Spain
    • Italy
    • United Kingdom
    • Rest of Europe
  • Asia-Pacific
    • China
    • Japan
    • India
    • South Korea
    • Australia
    • Rest of Asia-Pacific
  • Rest of World

Top Company Profiles

  • Ardagh Group S.A
  • Petainer UK Holdings Ltd.
  • Blefa GmbH
  • Schaefer Container Systems
  • The Metal Drum Company
  • Julius Kleemann GmbH & Co KG
  • THIELMANN – The Container Company
  • American Keg Company
  • NDL Keg Inc.
  • Shinhan Industrial Co, Ltd.

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