September 15 2020
All-inclusive Food & Beverages Additives Market research report provides valuable consuls for global industry players to convert market opportunities into huge business gains. The report contains accurate perceptions based on market rivalry, segments, top market competitors, and a competitive landscape that prompts potential investors, research students, Food & Beverages Additives business owners, and market analysts to gain an in-depth understanding of the Food & Beverages Additives market.
To learn more about the global trends impacting the future of market research: https://www.databridgemarketresearch.com/covid-19-resources/covid-19-impact-on-brewing-in-the-food-and-beverage-industry%5d
The market is fragmented, and the degree of fragmentation will accelerate during the forecast period. Asahi Group Holdings Ltd., Beavertown Brewery, BrewDog Plc, Buxton Brewery Co. Ltd., Cloudwater Brew Co., Duvel Moortgat NV, Mikkeller ApS, Stone Brewing Co., The Boston Beer Co. Inc., and Thornbridge Brewery are some of the major market participants. To make the most of the opportunities, market vendors should focus more on the growth prospects in the fast-growing segments, while maintaining their positions in the slow-growing segments.
The brewing industry is the second largest source of revenue generation in beverage industry and are mostly generates their revenue through off trade distribution channels. Alcoholic beverages are the largest source for revenue generation among restaurants comprises around 20% of total turnover of restaurants. The brewing industry has been always approached with the double digit growth due to the demand of the craft breweries, beer, wine and other sprit drinks.
The worst impact may be reserved for the smallest breweries. Watson told me via email that independent breweries—which now number over 8,000 and have consistently and significantly grown over the past decade—could be in trouble. “This will halt and perhaps reverse the growth in the number of breweries in the short-term,” he explained. “It’s impossible to predict how many breweries will close this year, but it’s going to be the highest number we’ve seen in recent years.”
Due to the worldwide lock down of the restaurants, pubs, drinking and dining have restricted the supply chain of the brewers as majority of breweries are supplied through off trade retailing channels. In this pandemic home delivery of breweries can act as an opportunity for the market. The home delivery for smaller brewers could be challenging as this is not an usual method of delivery.
Various small brewers in Swiss countries have been taking order from the usual sites and delivering it to home, such as Bier Factory showcasing small breweries and helping them to delivery their beer throughout the country.
Wherein. Home delivery should not be measure for temporary as one out of 5th customer find convenience of home delivery options and hence remain as an important channel for distribution or retailing.