LONDON--(BUSINESS WIRE)--Technavio market research analysts forecast the global commercial beer dispensers market to grow at a CAGR of more than 4% during the forecast period, according to their latest report.
The market study covers the present scenario and growth prospects of the global commercial beer dispensers market for 2017-2021. The report also lists kegerator beer dispensers, club top beer dispensers, back bar cooler beer dispensers, and remote cooled beer dispensers as the four major product segments.
According to Manu Gupta, a lead analyst at Technavio for food service research, “Different types of beer dispensers are currently available in the market to cater to the growing demand for chilled beer in the market. The beer dispensers market will witness significant volume expansion from developing countries such as India and China.”
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Technavio food and beverage analysts highlight the following four market drivers that are contributing to the growth of the global commercial beer dispensers market:
- Redefined drinking culture
- Multi-featured product offerings in a kegerator
- Increase in demand for replacements and upgrades
- Technological advancement
Redefined drinking culture
Globally, the drinking culture of beer is evolving among consumers. People are now willing to have such drinks while spending time with family and friends. Consumers also prefer to visit different end-user establishments like bars (indoor or outdoor), social events, and restaurants. This helps them in socializing and networking with different people. Therefore, this has led to an increase in the market opportunity for manufacturers of beer dispensing systems to offer commercial beer dispensers.
Multi-featured product offerings in a kegerator
Consumers in the global market now look for beer dispensers having multiple features that provide them benefits such as portability, enhanced durability, and energy efficiency. The manufacturers of beer dispensers have analyzed the requirements of end-users as well as customers in different kinds of category, where they have launched product lines with add-on features. Some of the popular kegerators with such benefits include EdgeStar Stout Kegerator, EdgeStar Full-size Kegerator with Digital Display, and EdgeStar Full-size Dual-tap Built-in Stainless Steel Kegerator from Living Direct.
Increase in demand for replacements and upgrades
Replacements and upgrades to commercial beer dispensers are expected to drive the demand for technologically advanced commercial beer dispensers in developed regions such as Europe and North America. With continuous expansion in these regions, end-users are expected to invest in commercial beer dispensers that have high capacity and would help in improving cost-effectiveness, and ease of storage. Development efforts in Latin America, APAC, Eastern Europe, and the Middle East are also expected to drive the sales of advanced commercial beer dispensers.
Technological advancement
The global commercial beer dispensers market is growing at an increased rate currently. The main reason for the growth is an increase in consumer demand for more number of beer flavors and styles. There is a huge competition in the beer market as different customers opt for different flavors of beer that set them apart from other competitors. Thus, end-users in the market are trying to provide customers with a unique drinking and pouring experience. This has led to an increase in the demand for beer dispensers during the forecast period.
“Beer dispensers are engineered in such a way that they can produce high keg yields with the bottom fill technology and are easy to operate for end-users,” says Manu.
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