According to research by Future Market Insights, the Beer Glass Chillers Market is anticipated to register at a CAGR of 5.5% over the forecasted period. According to analysis, the market is likely to grow to a valuation of USD 2,497.6 million by 2033, up from USD 1,462.2 million in 2023.
| Attribute | Details |
|---|---|
| The market size value in 2023 | USD 1,462.2 million |
| Market forecast value in 2033 | USD 2,497.6 million |
| Forecast period | 2023 to 2033 |
| Global growth rate (CAGR) | 5.5% |
| Share of Germany in the Beer Glass Chiller Market | 22.5% |
The beer glass chiller market is expected to grow significantly in the next few years. The factor is attributed to the rising popularity of craft beer and the increasing number of bars and restaurants. The enthusiasm around instant-crafted beer has made bars adopt the beer glass chiller.
The beer glass chiller companies target to penetrate different drinking styles by introducing a wide range of chiller types, such as regular ice packs, to sophisticated cooking systems. Furthermore, the chillers get segregated based on the end user's budget and applications, helping vendors to target the consumer specifically.
The new beer flavors and crafting of beer with native touch are getting popular among beer glass chillers.
According to Future Market Insights, the beer glass chiller market thrived at a CAGR of 5.0% to reach USD 1,386.0 million in 2022 from USD 1,140.2 million in 2018, with numerous reasons at play.
Traditionally, the demand for beer glass chillers rose with the growth in the number of leisure and recreational activities, especially in the developed regions. As the trend of wanderlust penetrates developing countries, assisted by the rise in disposable income, the splashes of beer glass chillers market revenue are likely to rise.
Looking to the future, it's clear that beer glass chillers are likely to continue to play an essential role in the world of beer. As understanding pertaining to the science behind brewing and chilling beer continues to grow, it can be expected that these chillers are likely to become even more advanced. Since users are always on the quest for the 'new,' manufacturers eye on the latest technology.
According to research by Future Market Insights, the beer glass chillers market is anticipated to expand at a CAGR of 5.5% over the forecasted period.
The food and beverage industry is a major segment of growth in the beer glass chillers market. The growing popularity of craft beer and the rise in consumption of chilled beverages are key factors driving the demand for beer glass chillers.
Major players in the food and beverage industry are investing heavily in the development of new and innovative products to cater to the growing demand from consumers. For instance, Molson Coors Brewing Company has launched a new line of beer glass chillers under its Miller Chill brand. The company has also partnered with leading retailers such as Walmart and Target to sell its products.
The rising disposable incomes of consumers and their changing preferences are also fuelling the growth of the beer glass chillers market. Increasing health consciousness among consumers is leading them to prefer healthier alternatives, such as craft beer, over traditional beers. This trend is expected to continue over the forecast period.
The growing demand for beer in the Asia Pacific region is the primary driver for the growth of commercial beer glass chillers in commercial and residential segments.
The rise in disposable income and changing lifestyle trends are resulting in increased consumption of beer, which is driving the demand for commercial beer glass chillers. Additionally, the growing hospitality industry in the region is also driving the demand for these products.
The North American and European regions are also expected to witness significant growth during the forecast period due to the presence of a large number of restaurateurs and suppliers in these regions.
The rising number of crafted breweries in the USA along with a higher number of youngsters indulging in drinking beer is flourishing the demand for beer glass chillers.
The United States holds the biggest share in the global egg grading machines market. The USA has become the biggest region because of higher alcohol consumption, more FMCG startups, and the presence of different bar and restaurant chains that serve crafted beer at their breweries.
Other than this, the increased awareness around crafted beer and its benefits is also fueling the demand for beer glass chillers. The demand for beer glass chillers is expected to grow in North America as the craft beer industry continues to grow. Craft breweries are expected to account for more than 10% of the total USA beer market by 2033.
This growth is being driven by consumers who are looking for new and interesting flavors.
Restoration of tourist spots in the United Kingdom region along with the presence of leading craft beer brands.
While the United Kingdom is expected to gain traction during the forecast period. The growth is attributed to the new brands entering the beer equipment markets, such as the beer glass chiller market.
Furthermore, the advanced personalized and ice-specific chiller has been in trend and is likely to replace the regular conventional beer chiller. There are different spaces in the European region in which people prefer their beer to be chilled for long hours.
Soften government regulations around beer drinking coupled with new craft beer mixes are fueling the demand for beer glass chillers.
China is a part of the Asia Pacific region along with being the top emerging economy puts its alcohol consumption at the top. Younger people have started drinking more during the last decade.
New experiments with the beer flavor have started attracting a new consumer base in China. The increased number of bars and restaurants have started adopting beer glass chillers. People who don’t like ice prefer these chillers so that the beer can be consumed without a hitch.
Expanding the Japanese alcohol and beer market along with the rising economic activities in the region has led to market growth.
The new and advanced technology in the FMCG sector enhances the beverage intake experience along with higher restaurant and bar penetration.
The rising demand for craft beer in the urban region with the rising awareness around different types of beers fuel the demand for beer glass chillers. The advent of advanced chillers that are efficient in nature while making beer the coldest, which is increasing their adoption among Gen Z and the millennial populace.
Rising preference for beer amongst Koreans fuels the growth while stringent policies slow down the market’s growth rate.
Flourishing demand for craft beer in the coastal region of South Korea along with rising craft beer startups has led to the rising demand for beer-related equipment such as glasses, snacks, and chillers. Along with these, the higher number of bars in the region have consumed the most from the global beer glasses chiller market.
The increasing demand for beer and the changing consumer preferences are the major factors driving the growth of the beer glass chillers market. The growing trend of microbreweries and home brewing is also fueling the market growth.
Companies try to produce enhanced electric glass chillers with advanced integrated technology. The efficient cooling is the factor all the major players play their cards on.
The leading players in the beer glass chillers market
| Attribute | Details |
|---|---|
| Forecast Period | 2023 to 2033 |
| Historical Data Available for | 2018 to 2022 |
| Market Analysis | USD million in value |
| Key Regions Covered | North America; Eastern Europe; Western Europe; Japan; South America; Asian Pacific; Middle east and Africa |
| Key Countries Covered | USA, Germany, France, Italy, Canada, United Kingdom, Spain, China, India, Australia |
| Key Segments Covered | Product Type, Mode of operation, Application, Distribution channel, Region |
| Key Companies Profiled | Asahi Group Holdings; Heineken N.V.; Anheuser-Busch InBev; Carlsberg Group; Molson Coors Brewing Company; Diageo Plc.; Zambelli; Lasotherm Technologies; Alphatech Process Equipments |
| Report Coverage | Market Forecast, Company Share Analysis, DROT Analysis, Market Dynamics, Competitive Landscape, Challenges, Strategic Growth Initiatives |
| Customization and Pricing |
Available upon request |
The beer glass chiller market size is assessed to USD 1,462.2 million in 2023.
The beer glass chiller market is expected to rise at a CAGR of 5.5%.
The USA, China, Canada, Germany, China, India, the United Kingdom, and Australia are the major countries driving demand for the Beer Glass chiller market.
China beer glass chiller market is projected to grow at a CAGR of around 5.7% over the next ten years.
Market share of Germany in beer glass chiller market is about 22.5% of the global market.
Asahi Group Holdings, Heineken N.V., Anheuser-Busch InBev, Carlsberg Group, Molson Coors Brewing Company are expected to be the top players driving the market growth.
The global beer glass chiller market is forecasted to surpass USD 2,497.6 million by the end of 2033.
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Beer Glass Chillers Market
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