According to Future Market Insights, the portable keg system market is expected to grow at a CAGR of 4.1% during the forecast period. The market is expected to be worth US$ 1,741.4 Million by 2033, up from US$ 1,165.2 Million in 2023.
Over the coming years, it is projected that the market for portable keg systems would expand quickly. These systems’ ease as well as the growing appeal of artisan beer and wine are driving this expansion. Demand for mobile keg systems will rise as more people seek out upscale beverages outside of traditional bars and eateries.
The natural flavour and quality of alcoholic beverages can be preserved for longer periods of time by using portable keg systems, which are becoming more and more popular with consumers. On-trade sales make up a higher share of the product’s demand because various brewers typically employ portable keg systems to distribute draught beer in order to maintain pressure. A changing consumer lifestyle, rising per capita income, and rising desire for luxury goods like craft and draught varieties are all contributing factors to increased sales.
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The beverage sector should benefit from the future adoption of portable keg systems as a packaging option. They are more economical to return when made of recycled plastic. Due to consumer demand for craft beer, which has boosted the global portable keg system market, the microbrewery industry is expanding. Sales of portable keg systems are expected to increase as a result of legal restrictions that favour lowering package weight limits. The future of the portable keg system market, however, is a subject of some discussion. In the years to come, some industry analysts predict that the market will expand, while others predict that it will finally stall.
Key takeaways from the Portable keg system
- The North American region is expected to be the largest market for portable keg systems due to the growing demand from the beer industry.
- The Portable Keg System is a unique product that offers many benefits to consumers. This system is perfect for those who enjoy beer but do not want to deal with the hassle of traditional kegs.
- This growth can be attributed to the rising demand for portable keg systems in countries such as China, Japan, and India. The increasing number of bars and restaurants in these countries is one of the major factors driving the growth of the portable keg system market in the Asia Pacific.
- According to research by Future Market Insights, The Portable keg system market is anticipated to expand at a CAGR of 4.1% during the forecasted period.
- Portable keg systems are popular in the commercial sector and are expected to experience maximum growth in this category. This type of system is ideal for businesses that want to serve fresh, cold beer on tap without the hassle and expense of a traditional keg system.
Who is Winning?
The global portable keg system market is highly competitive with a large number of players. Some of the key players in this market are Heineken N.V., Anheuser-Busch InBev, Krombacher Brauerei, Asahi Breweries, Carlsberg Group, and Diageo plc. These players have a strong presence in the global market and are well-positioned to capitalize on the growing demand for portable keg systems.
Get Valuable Insights into the Portable keg System Market
FMI, in its new offering, provides an unbiased analysis of the Portable keg system market presenting historical demand data (2018-2022) and forecast statistics for the period from (2023-2033). The study divulges compelling insights on the demand for portable keg systems based on equipment type (tap, coupler, keg), By type (stainless steel, aluminum, plastic), Application (Commercial, Household, Industrial), mode of operation (tap systems and self-serve systems).
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Portable Keg System Market Segmentation by Category
By Equipment Type:
- Tap
- Coupler
- Keg
By Type:
- Stainless Steel
- Aluminum
- Plastic
By Application:
- Commercial
- Household
- Industrial
By Mode of Operation:
- Tap Systems
- Self-serve Systems
By distribution channel:
- Online
- Offline
By Region:
- North America
- Latin America
- Asia Pacific
- Eastern Europe
- Western Europe
- Japan
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Future Market Insights (ESOMAR certified market research organization and a member of Greater New York Chamber of Commerce) provides in-depth insights into governing factors elevating the demand in the market. It discloses opportunities that will favor the market growth in various segments on the basis of Source, Application, Sales Channel and End Use over the next 10-years.
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