The beer keg system market is projected to grow at a CAGR of 3.8% during the forecast period (2023 to 2033). Sales in the market are projected to increase to USD 1,630.9 Million in 2033 up from USD 1,123.2 Million in 2023.
Beer keg systems are extensively used in the commercial sector for parties and are readily available on online platforms as well. A typical beer keg system includes a keg, a CO2 tank, and a tap. The keg is usually made of stainless steel and holds about 15 gallons of beer. The CO2 tank is used to keep the beer carbonated and can be refilled as needed. The tap is used to dispense the beer into glasses or cups. There are many different brands and models of beer keg systems available on the market.
Demand in the market is expected to surge on the back of the rising consumption of beer among Gen-Zs and millennials. With the increasing trend of house parties and rising inclination towards beer in alcoholic beverages, the sales of beer keg systems are predicted to surge over the upcoming decade. As per a recent study, around 70% of men in the USA prefer beer over other hard liquor.
Further, the growing demand for draught beer and premium craft beers is increasing the demand for beer keg systems. Kegs help in maintaining the quality of the beer and the flavor of the products. It also aids in increasing the shelf life of beer, consequently, the kegs are used to maintain the pressure of beer and hence are witnessing an uptick in the market.
While flavor and quality of the beer are considered to be the main factors to woo consumers, sustainability is also playing a crucial role when it comes to packaging the beer. Hence, numerous breweries are installing steel beer keg systems, pushing the demand in the market.
| Attributes | Key Insights |
|---|---|
| Beer Keg System Market Size in 2023 | USD 1,123.2 Million |
| Projected Market Value in 2033 | USD 1,630.9 Million |
| Global growth rate (CAGR) | 3.8% |
| Share of Germany in the Beer Keg System Machine Market | 23.4% |
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According to Future Market Insights, the beer keg system market is expected to reach USD 1,082.1 Million in 2022, up from USD 886.8 Million in 2018. The beer keg system is a long-standing tradition in the brewing industry, with many breweries still using this method to serve their beer. However, there are some drawbacks to the system, and many believe that it may not be around for much longer. Here, we take a look at the historical outlook of the beer keg system and compare it to future forecasts to see if this traditional method of serving beer is here to stay.
The beer keg system has been used for centuries, dating back to the early days of brewing. This method is still used today by many breweries, as it is a simple and effective way to serve beer. Additionally, kegs often need to be replaced after a few years of use, which can be costly for breweries.
However, to maintain the quality of the draught beer and craft beer, the need for a beer keg system will outpace the drawbacks, fueling the sales. On the back of these aforementioned factors, the demand for beer keg systems will grow at a CAGR of 3.8% during the forecast period (2023 to 2033).
Increasing Consumption of Draught Beer in USA to Propel Beer Keg System Sales
As per the study, North America is expected to account for the highest demand share in the global market. Demand in the market is primarily driven by the growing consumption of draught beer in the hospitality industry. The USA is expected to dominate the North American beer keg system market owing to the growing demand for craft and draught beer in the country. The Canadian market is expected to witness significant growth during the forecast period due to the increasing number of microbreweries in the country.
There are several factors that make Europe an attractive market for beer keg systems. First, European countries have a long history of brewing beer. This means that there is a large and established market for beer kegs. Second, Europe has a large number of breweries per capita. This means that there is a high demand for beer keg systems. Third, European countries have strict environmental regulations. This means that using a beer keg system can help breweries reduce their carbon footprint.
Overall, the combination of a long history of brewing, high demand for beer, and strict environmental regulations make Europe an attractive market for beer keg systems.
The Asia Pacific region is expected to be the fastest-growing market for beer keg systems during the forecast period. The market in the region is driven by the growing demand for premium and craft beer, which has led to an increase in the number of microbreweries and brewpubs. In addition, the rising disposable incomes and changing lifestyles of consumers are some of the other factors that are fueling the growth of the beer keg system market in the Asia Pacific.
Some of the key players operating in this market include Anheuser-Busch InBev, Heineken International, Molson Coors Brewing Company, Asahi Group Holdings, and Kirin Brewery Company.
Food & Beverage Industry to Account for Lion’s Share
The food and beverage industry has been a driving force behind the growth of the beer keg system market. The demand for beer kegs has increased significantly in recent years, due to the growing popularity of craft beer and home brewing.
The food and beverage industry is expected to continue to support the growth of the beer keg system market in the future. The demand for beer kegs is expected to continue to grow, as more people discover the benefits of using them.
The food and beverage industry is an important part of the economy, and it is vital that it continues to support the growth of the beer keg system market.
Direct Draw Beer Keg System to Generate Maximum Revenue in the Market
The direct draw beer keg system segment is projected to grow at the highest CAGR of 3.8% during the forecast period. The high growth of this segment can be attributed to the rising demand for draught beer and the growing preference for energy-efficient systems.
In terms of application, the bar & restaurant segment is projected to grow at the highest CAGR during the forecast period. The growth of this segment can be attributed to the rising number of bars and restaurants across the globe.
The North American region is expected to dominate the global market during the forecast period owing to factors such as a growing preference for draught beer, the presence of major players in the region, and the increasing adoption of advanced technologies.
The beer keg system is a very competitive landscape. There are many different companies that make and sell beer kegs. Some of the more popular brands include Kegco, TapRite, and Perlick. There are also many different types of beer kegs. The most popular type of beer keg is the half-barrel keg. This is because it offers the most capacity for storing and serving beer.
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| 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 | Equipment type, Type, Application, Distribution channel, Region |
| Key companies profiled | Kegco; TapRite; Perlick; Krones AG; ZIEMANN International GmbH; Koruntec International GmbH; 3M Europe; Criveller; JBT Corporation; Alfa Laval AB; Robert Bosch GmbH; Parker Hannifin |
| Report Coverage |
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