Global Kegs Market Size, Share and Growth Analysis Report - Forecast Trends and Outlook (2024-2032)

Global Kegs Market Growth

In 2022, global beer consumption was recorded at around 192.1 million kilolitres. This was a year-on-year growth of 2.9% from 2021. As per the market analysis, China remained the world’s largest beer-consuming nation for the 20^th consecutive year, while recording a 1.0% increase from 2021. Beer consumption in Japan also surged by 2.5%, along with nations such as Germany, the United Kingdom, and the United States. Overall, regional beer consumption in Asia surged by 4.9% year-on-year in 2022, which became the world’s largest beer consuming region in the world. This is expected to fuel the kegs market expansion worldwide over the forecast period.

Increasing coffee consumption, driven by the need to maintain high levels of energy at work, is expected to lead to an increase in the demand for sustainably manufactured kegs. Europe, in particular, is expected to witness a high demand for kegs, due to increasing coffee consumption among individuals. The UK consumes 95 million coffee cups in a day, with an average of 2 cups per person. Nearly 80% of British households enjoy having access to instant coffee, which is expected to boost the kegs market value in the coming years.

Key Trends and Developments

Global Kegs Market Trends

As per the International Caterers Association, nearly 68% of all catering companies globally reported revenue growth in 2023. This was largely driven by corporate events (34%), weddings (31%), galas (8%), and other types of events (14%). While in 2022, corporate events accounted for merely 25% of the businesses’ revenue, they became the highest source of revenue for 48% of caterers in 2023. This is expected to have a favourable influence on the kegs market dynamics. Moreover, as per industrial analysis, 85% of caterers worldwide expect revenues to increase post the COVID-19 pandemic, thereby driving the market growth.

Global Kegs Industry Segmentation

Global Kegs Market Share

Based on region, the market is segmented into North America, Europe, the Asia Pacific, Latin America, and the Middle East and Africa. Over the forecast period of 2024-32, the Asia Pacific is expected to grow at a CAGR of 2.6% as a result of sustained beer consumption in countries such as China. Moreover, as per the kegs market analysis, technological advancements in kegs are also expected to drive the market growth in the upcoming years.

Leading Companies in the Global Kegs Market

Major players are expected to focus on utilising sustainable raw materials for manufacturing kegs, which is creating a favourable kegs market outlook.

BLEFA GmbH

BLEFA GmbH was founded in 1896 and is headquartered in North Rhine-Westphalia, Germany. It is one of the world’s largest suppliers of kegs for storing wine, beer, and other non-alcoholic beverages.

Julius Kleemann GmbH & Co. KG

Julius Kleemann GmbH & Co. KG was founded in 1875 and is headquartered in Germany. It is a family-owned compan...

The Metal Drum Company

The Metal Drum Company was founded in 1961 and is headquartered in Chilton, England. It is one of the leading ...

Micro Matic A/S

Micro Matic A/S was founded in 1953 and is headquartered in Denmark. It specialises in the production of keg b...

*Please note that this is only a partial list; the complete list of key players is available in the full report. Additionally, the list of key players can be customized to better suit your needs.*

Other players included in the kegs market report are Petainer Ltd., NDL Keg Europe, SCHÄFER Werke GmbH, Shinhan Industrial Co.,Ltd., NEW MAISONNEUVE KEG, and THIELMANN - The Container Company, among others.