Black Beer Market is expected to expand at a CAGR of 8.9% from 2021 to 2028
Black Beer Industry Overview The global black beer market size was valued at USD 25.96 billion in 2020 and is expected to expand at a compound annual growth rate (CAGR) of 8.9% from 2021 to 2028. A rise in demand for black beer for preventing diseases caused due to obesity is expected to have a positive impact on the market growth over the forecast period. Moreover, the increasing consumption of alcoholic beverages among millennials is anticipated to boost the market growth. The COVID-19 pandemic has had a devastating impact on the alcoholic beverages industry. On-premise and off-premise closures due to strict lockdown measures resulted in disastrous consequences, with sales decreasing by 20%-30% from March to April 2020 globally. Companies have been responding positively to the crisis by offering black beers through the online medium as consumers preferred online shopping over offline owing to safety concerns. Gather more insights about the market drivers, re...