Report shows growth in beer dispensers market

THE GLOBAL commercial beer dispensers market is expected to grow at a CAGR of 4.45% during the period 2017-2021, according to a new report by Reseach and Markets.

One trend in market is increasing preference for energy-efficient beer dispensers. Vendors and end-users are working toward reducing their carbon footprint in view of the global warming and high energy usage. Vendors are introducing environmentally friendly beer dispenser equipment, appealing to the eco-consciousness of operators in the end-user market.

One driver in market is growing demand for chilled beer. The growth of the beer dispensers market is directly proportional to the growth in the alcoholic beverages industry.

During the forecast period, the alcoholic beverages segment in APAC will register a fast-paced growth with China and India as the key markets. In 2015, the alcoholic drinks market in APAC was valued at $535.5 billion and is expected to reach $673.4 billion by 2020. The market for alcoholic drinks dominates the beverage market across the globe. The global market for alcoholic beverages is expected to grow significantly during the forecast period. 

In 2015, the global alcoholic drinks market was valued at $2.26 trillion and is expected to reach $2.52 trillion by 2020, according to the Research and Markets study.