The Tantalizing Flavors and Seize the Path to Success by Tapping into the Global Kegs Market

The global kegs market is witnessing growth due to the increasing applications of kegs across various industries. Kegs are widely used for the storage and transportation of alcoholic and non-alcoholic beverages, including beer, cider, wine, and soft drinks. The rising demand for these beverages, driven by changing consumer preferences and expanding distribution networks, is fueling the growth of the kegs market. These efforts are driving market expansion and catering to the growing demand for kegs across industries.

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Data Bridge Market Research analyses that the Kegs Market is expected to reach a value of USD 1,191.51 million by 2029 from USD 875.00 million with a CAGR of 4.0% during the forecast period of 2022 to 2029. The rise in the popularity of craft beer worldwide has significantly boosted the demand for kegs. Craft breweries prefer kegs as they provide better quality control and help maintain the freshness and flavor of the beer.

Key Findings of the Study

Expansion of the beverage industry is expected to drive the market's growth rate

The expansion of the global beverage industry, encompassing beer, cider, and wine sectors, is a significant driver behind the increasing demand for kegs. As consumer preferences evolve and the market grows, producers face the challenge of meeting the rising demand efficiently. Kegs provide an efficient and reliable solution, allowing producers to store and transport beverages while maintaining their quality and freshness. With their reusability and cost-effectiveness, kegs have become essential containers for producers seeking to meet consumer demands in the expanding beverage industry.

Report Scope and Market Segmentation

Segment Analysis:

The kegs market is segmented on the basis of material, capacity, end user, and distribution channel.  

• On the basis of material, the market is segmented into plastic, tin, and stainless steel. In 2022, the stainless steel segment is expected to dominate the market with a CAGR of 3.9% in the forecast period of 2022 to 2029 due to its superior durability, hygiene, and recyclability. It offers better protection for beverages, and a longer lifespan, and is favored by breweries for its quality preservation capabilities.

In 2022, the stainless steel segment is expected to dominate the material segment of the market

In 2022, the stainless steel segment is expected to dominate the market owing to its superior recyclability, cleanliness, and durability. Breweries prefer it because of its ability to preserve quality and the better protection it provides for beverages with a CAGR of 3.9% in the forecast period of 2022 to 2029

• On the basis of capacity, the market is segmented into up to 20 liter, 20 liter to 40 liter, 40 liter to 60 liter, and above 60 liter. In 2022, 40 liter to 60 liter segment is expected to dominate the market a CAGR of 4.4% in the forecast period of 2022 to 2029 due to the balance between capacity and portability, making it ideal for commercial establishments, such as bars and restaurants, to serve a moderate volume of beverages efficiently while maintaining freshness and quality.
• On the basis of end user, the market is segmented into alcoholic beverages, non-alcoholic beverages, cooking oil, chemicals, and others. In 2022, the alcoholic beverages segment is expected to dominate the market with a CAGR of 4.1% in the forecast period of 2022 to 2029 due to their widespread consumption and the need for kegs to store, transport, and dispense beer, cider, wine, and other alcoholic drinks efficiently and in large quantities.

In 2022, the alcoholic beverages segment is expected to dominate the end user segment of the market

In 2022, the alcoholic beverages segment is expected to dominate the market owing to their beer, cider, wine, and other alcoholic beverages are widely consumed and require kegs to be stored, transported, and dispensed effectively with a CAGR of 4.1% in the forecast period of 2022 to 2029

• On the basis of distribution channel, the market is segmented into supermarket/hypermarket, commercial liquor store, and others. In 2022, commercial liquor store segment is expected to dominate the market with a CAGR of 4.2% in the forecast period of 2022 to 2029 due to their specialized focus on alcoholic beverages. They serve as key outlets for keg sales and cater to the demand of consumers, bars, restaurants, and event organizers.

Major Players

Data Bridge Market Research recognizes the following companies as the major kegs market players in kegs market are American Keg Company (U.S.), NDL Keg Europe (Belgium), SHINHAN INDUSTRIAL CO. LTD. (South Korea), BLEFA GmbH (Germany), Julius Kleemann GmbH & Co. KG (Germany), The Metal Drum Company (U.K.), Petainer Ltd. (U.K.), NEW MAISONNEUVE KEG (France), Schaefer Container Systems (Germany), Supermonte Group Italy, Inc (Italy)

Market Development

• In 2022, At IBIE in Las Vegas, Sonneveld and KeyKeg revealed the Easy Go Keg system to the North American professional baking community. For premium bakery products, this ground-breaking method uses a continuous spray pattern of release agents, producing a flawless release at a low cost-of-use, a longer shelf-life, and fewer rejects.
• In 2022, BLEFA joined forces with other leading global keg supply chain companies to launch the new Steel Keg Association to give the benefits of steel kegs to breweries and beverage companies, as well as bars and restaurants, a unified voice (Steel Keg Association).
• In 2020, In order to ensure future growth, American Keg and Blefa Kegs announced a significant equity investment by Blefa as well as a technological investment in American Keg. The rapid expansion of American Keg's production and employment is guaranteed by this agreement.
• In 2021, ATLÁNTICA AGRICOLA signed a strategic alliance with Agrocana for the northeast of Brazil. This helped the company in regional expansion.
• In 2020, Haifa Group and Saipem signed a contract for building an ammonia plant in Israel. This agreement helped the company to increase its production capacity.

Regional Analysis

Geographically, the countries covered in the kegs market report are U.S., Canada and Mexico in North America, Germany, France, U.K., Netherlands, Switzerland, Belgium, Russia, Italy, Spain, Turkey, Rest of Europe in Europe, China, Japan, India, South Korea, Singapore, Malaysia, Australia, Thailand, Indonesia, Philippines, Rest of Asia-Pacific (APAC) in the Asia-Pacific (APAC), Saudi Arabia, U.A.E, South Africa, Egypt, Israel, Rest of Middle East and Africa (MEA) as a part of Middle East and Africa (MEA), Brazil, Argentina and Rest of South America as part of South America.

As per Data Bridge Market Research analysis:

Europe is the dominant region in the kegs market during the forecast period 2022 - 2029

Europe is a dominant force in the kegs market, driven by the increasing demand for beverages in the region. The progressive growth of the beverages market in Europe directly influences the expansion of the kegs market. Among European countries, Germany holds a dominant position due to the rising consumption of beverages. These factors collectively shape the dynamics of the kegs market in Europe.

North America is estimated to be the fastest growing region in the kegs market in the forecast period 2022 - 2029

In North America, the U.S. has emerged as a dominant player in the kegs market due to the significant rise in the number of start-ups in the beverage industry. The entrepreneurial culture, coupled with the growing popularity of craft beer and other beverages, has fueled the demand for kegs. These start-ups often seek efficient and cost-effective packaging solutions, and kegs provide a reliable option for storing and distributing their products, driving their adoption and market dominance in the U.S.

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