A keg is a compact barrel that is utilized to store things such as beverages (both alcoholic and non-alcoholic), cooking oil, and chemicals. Beer, wine, spirits, and cider are all examples of the alcoholic beverages. The principal benefit of storing alcoholic beverages in kegs is that the initial flavor and quality of the beer is preserved for a long time. Draught beer is characteristically served from kegs in order to manage the drink's pressure.
According
to the report analysis, ‘Kegs Market: Current Analysis and Forecast (2021-2027)’
states that due to the growing awareness among end-users, emerging requirement
for healthier products in the food & beverage industry observed a sharp
rise during the recent years. Therefore, customers specially millenniums are
shifting towards alcohol-free beer and mocktails, which in turn are underwriting
to the increasing demand for kegs. Moreover, an increasing in tourism across
the globe is one of the prominent aspects, which is propelling the market for
kegs due to the opening of new hotels, restaurants, etc.
The
effective growth in consumption of several non-alcoholic beverages such as
juices, purees, sauces, soft drinks, carbonated drinks, among others due to the
growing disposable income, enhanced living standards, trending culture of
partying outside among millenniums, etc., is underwriting to the growing requirement
for kegs. Based on material, the market is classified into Plastic, Tin, and
Stainless Steel. The stainless-steel segment grabbed the key market share and
dominated the market during 2020. Moreover, the market of this segment would
reach USD XX Mn by 2027. The requirement for the stainless/steel segment kegs
is emerging due to the increasing consumer preference for alcoholic and
non-alcoholic beers. Also, the accessibility of small size, differently
designed kegs in stainless steel material is leading to the growth of the
market.
Based
on the end-user, the market is classified into Alcoholic Beverages, Non-
Alcoholic Beverages, Cooking Oil, Chemicals and several Others. The alcoholic
beverage segment grabbed the key market share and dominated the market during
the recent past year. Moreover, the market of this sector would reach USD XX Mn
by 2027.
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A
growth in preference for flavored alcoholic beverages is predicted to benefit
the industry. An enlarging consumer lifestyle, as well as greater per capita
income, has propelled the increase in requirement for premium products such as
craft and draught varieties. Companies have been accentuation on sustainability
as a critical aspect in the whole packaging business, resulting in an increment
in the usage of recyclable and environmentally friendly materials. Steel kegs,
as a result, are selected above other product choices.
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