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Global Beer Dispenser Market Size Report, 2021-2028

Beer Dispenser Market Size, Share & Trends Analysis Report By Product (Single Faucet, Double Faucet, Triple Faucet), By Application (Bars & Club, Hotels & Restaurant, Household), By Region, And Segment Forecasts, 2021 - 2028

Report ID: MN17620206  |  Published: April 2021  |  No of Pages: 85
Format: Electronic (PDF)  |  Industry: Consumer Electronics  |  Publisher: Grand View Research

Report Overview

The global beer dispenser market size was valued at USD 296.0 million in 2020. It is expected to expand at a compound annual growth rate (CAGR) of 3.6% from 2021 to 2028. The rising beer consumption across emerging economies such as India, Mexico, Brazil, and Vietnam owing to growing popularity among financially independent consumers and higher annual income groups on the domestic level is expected to remain a favorable factor for the industry growth. According to Kirin Holding Company, global beer consumption has increased by 3% in a year, which is expected to drive the demand for beer dispenser products across the world. China has been a top beer consumer in the world. The population in China, as well as India, is anticipated to drive the demand in the forthcoming years.

The manufacturers have been using stainless steel to produce beer dispensers to prevent rusting. There is an increased demand for beer dispensers for home bars. As the single faucet is mostly used in bars and clubs, hotels, and restaurant applications, it is the most popular product category in the market. The U.S., Brazil, Canada, China, and several European countries are some of the prominent markets for beer dispenser products.

U.S.beer dispenser market size, by product,2017 - 2028 (USD Million)

The financial crisis caused by the COVID-19 pandemic has increased price sensitivity among the low and middle income consumer groups. As a result, the price-conscious consumers are opting for lower-cost alternatives. This shift in demand is resulting in the rising demand for beer dispensers. The key factor driving the demand for these products in Europe is the lockdown in several countries like Italy, Germany, and France resulting in the shutting down of public bars and restaurants. Thus, the market is expected to witness a healthy CAGR in the upcoming years in the household segment.

Product Insights

The single faucet segment held the highest market share of more than 40% in 2020. Such products find use majorly in bars, clubs, hotels, and restaurants. The first-mover advantage and low price associated with single faucet product forms as compared to other product segments are some of the factors expected to drive the growth of the segment.

The triple faucet segment is expected to witness the fastest CAGR of 4.7% from 2021 to 2028. The rising popularity of these products in the household sector as they provide a choice of delivering a different kind of beer from single equipment is expected to expand the market scope. Furthermore, the increasing spending on home brewing in developed economies of North America and Europe is expected to drive the segment growth.

Application Insights

The bars and club segment held the highest revenue share of more than 40% in 2020. The high number of beer drinkers visiting bars and clubs is expected to keep the dominance of the segment over the forecast period. Furthermore, the increasing number of bars and clubs in developing economies including China and India as a result of the improving urban infrastructure and the rising awareness regarding experimenting with new flavors and tastes is expected to drive the demand for beer dispenser products.

Global beer dispenser market share, by application, 2020 (%)

The household segment is projected to register the fastest CAGR of 4.4% from 2021 to 2028. The growing popularity of home brewing in developed economies of North America and Europe is expected to remain a key factor over the next few years.

Regional Insights

Asia Pacific made the largest contribution in the global beer dispenser market of over 45% in 2028. The region has a high drinking rate, which has been driving the product demand. The growth will remain at the peak as compared to other regions due to high beer consumption in the region. In the Philippines, Vietnam, Thailand, and India the growth in year-on-year beer consumption is 8.8%,7.1%,5.7%, and 1.6% respectively. Asia Pacific is expected to witness the fastest CAGR of 3.9% from 2021 to 2028. The increasing millennials population in developing economies including China and India is expected to remain one of the key factors which will open new market opportunities over the next few years.

Europe is the second-largest consumer of beer in the world. and the segment is anticipated to register a CAGR of 3.1% from 2021 to 2028 as the per-capita beer consumption of the Czech Republic remains top in the world, Also, Germany and the U.K. are the top beer consumers with 24% and 13% regional market share respectively. The increasing popularity of home brewing in countries such as Germany, the U.K., and France as a result of extensive campaigns on social media is expected to open new growth avenues.

Key Companies & Market Share Insights

The market is characterized by the presence of various well-established players and several small and medium players. However, the industry is dominated by the top international players such as Celli Spa; Micro Matic USA Inc.; and True Manufacturing Co. Inc. Product launches are expected to drive the market growth. Some of the prominent players operating in the global beer dispenser market are:

    • Beerjet GmbH
    • Beverage-Air Corp.
    • Celli Spa
    • Felix Storch Inc.
    • Kegco
    • Micro Matic USA Inc.
    • True Manufacturing Co. Inc.
    • TURBO AIR Inc.
    • Continental Refrigerator
    • Kegworks
    • Fagor Industrial S. Coop

Beer Dispenser Market Report Scope

Report Attribute

Details

Market size value in 2021

USD 305.3 million

Revenue forecast in 2028

USD 392.0 million

Growth Rate

CAGR of 3.6% from 2021 to 2028

Base year for estimation

2020

Historical data

2017 - 2019

Forecast period

2021 - 2028

Quantitative units

Revenue in USD million/billion and CAGR from 2021 to 2028

Report coverage

Revenue forecast, company ranking, competitive landscape, growth factors, and trends

Segments covered

Product,application, region

Regional scope

North America;Europe;Asia Pacific;Central & South America;Middle East & Africa

Country scope

U.S.;Brazil;Germany;U.K.;China;Japan; South Africa

Key companies profiled

Beerjet GmbH;Beverage-Air Corp.;Celli Spa;Felix Storch Inc.;Kegco;Micro Matic USA Inc.;True Manufacturing Co. Inc.;TURBO AIR Inc.;Continental Refrigerator;Kegworks;Fagor Industrial S. Coop

Customization scope

Free report customization (equivalent up to 8 analysts working days) with purchase. Addition or alteration to country, regional & segment scope.

Pricing and purchase options

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Segments Covered in the Report

This report forecasts revenue growth at global, regional, and country levels and provides an analysis of the latest industry trends and opportunities in each of the sub-segments from 2017 to 2028. For this study, Grand View Research has segmented the global beer dispenser market report based on product, application, and region:

• Product Outlook (Revenue, USD Million, 2017 - 2028)
    • Single Faucet
    • Double Faucet
    • Triple Faucet

• Application Outlook (Revenue, USD Million, 2017 - 2028)
    • Bars & Clubs
    • Hotels & Restaurants
    • Household

• Regional Outlook (Revenue, USD Million, 2017 - 2028)
    • North America
        • U.S.
    • Europe
        • Germany
        • U.K.
    • Asia Pacific
        • China
        • Japan
    • Central & South America
        • Brazil
    • Middle East & Africa
        • South Africa

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