The market across North America dominated in 2018, and is expected to continue this growth during the forecast period. Moreover, the region is expected to manifest a CAGR of 11.9% during the forecast period.
Allied Market Research published a research report on the India pale ale market. The research shows that the global smart pills technology market $32.90 billion in 2018, and is projected to garner $70.13 billion by 2028, registering at a CAGR of 11.4% from 2018 to 2025. The research provides an in-depth analysis regarding market dynamics, top investment pockets, major segments, and competitive scenarios for major market players, new market entrants, investors, and shareholders.
Shankar Bhandalkar, Team Lead Research, Food and Beverage at Allied Market Research, stated, “The India pale ale market across North America dominates the market, due to the rise in trend of premiumization for authentic experience.”
The study offers detailed study of drivers, restraints, challenges, and opportunities to aid market players and investors to formulate lucrative strategies and capitalize on opportunities. Increase in disposable income, surge in female drinkers, and change in consumer preference have boosted the growth of the India pale ale market. However, taxations and high excise duties on imported and local beer hinder the market growth. On the contrary, surge in consumption of craft beer would open new opportunities in the future.
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The study provides a comprehensive analysis of the impact of the Covid-19 pandemic on India pale ale market. The report is vital for new entrants, investors, and market players to formulate business strategies as per the current market trends and scenarios and help improve the business model for the future.
The Covid-19 pandemic has presented unprecedented challenges such as production capacity and supply chain disruption. Furthermore, the prolonged lockdwon resulted in a supply-demand gap in the market. The economic uncertainty caused owing to the lockdown led to the cancellation of manufacturing projects.
The report offers detailed segmentation of the India pale ale market on the basis of distribution channel, age group, and region. This analysis is vital for market players to understand the largest revenue gathering segments and fastest-growing segments during the historic and forecast period.
By distribution channel, the on-trade segment held the largest share in 2018, accounting for nearly two-thirds of the market, due to increase in number of bars, pubs, and hotels and surge in bar and pub culture among younger millennials. Moreover, the segment is estimated to register a CAGR of 11.1% during the forecast period.
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By age group, the men segment is projected to portray the highest CAGR of 11.9% during the forecast period. In addition, the segment held the largest share in 2018, contributing to more than half of the market.
By region, the market across North America dominated in 2018, and is expected to continue this growth during the forecast period. Moreover, the region is expected to manifest a CAGR of 11.9% during the forecast period.
The key market players of the India pale ale market are analyzed in the report such as Carlsberg Group, Anheuser-Busch InBev, Heineken N.V., Diageo PLC, Lasco Brewery, Erdinger Brewery, Radeberger Brewery, Oettinger Brewery, and BAVARIA N.V.
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