Beer Market 2012 - 2022 report delivers future development strategies, key
companies, Possibility of competition, major challenges analysis. The reports
elaborate the expansion rate of the Beer market supported the highest
company profile analysis. This report providing an in-depth analysis, market
size, and evaluation for the developing segment among the Beer market. Beer
Market report will help you take expert decisions, recognize opportunities,
plan effective professional tactics, plan new schemes, analyze drivers and
restraints and give you a vision on the Beer Market forecast.
The global Beer Market was priced at US$ 485.2 billion in 2014 and
is expected to witness a substantial CAGR in the years to come. This could be attributed to the fact that consumers pertaining to
the market are turning out to be increasingly experimental with regards to
their consumption habits. In other words, they are hunting for novel beer
styles and experiences. As such, demand for imported brands, premium brands,
and craft beer is on the rise.
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Key Questions Answered
·
What are the sales or revenue produced
by Beer products beyond all sectors during the forecast period?
·
What are the key trends in the Beer
market?
·
What are the leading drivers, limitations,
and probabilities in the industry?
·
Which segment will gain the
highest revenue worldwide and which product segment will expand at the fastest
CAGR during the forecast period?
·
In which region the Beer
market to project lucrative CAGR during the forecast period?
The
other factor driving the demand for premium products is the ever-increasing
spending power of consumers. To address this demand, manufacturers are into
development of novel premium products. The latest trend in this regard is call
for alcohol-free beers.
Market Trends:
The
beer market is seeing inclination of consumers toward black beer. This could be
credited to shift toward craft beverages and expansion of breweries. Europe is
estimated to be the biggest market on the count of black beer; thanks to
penetration by Molson Coors Brewing Company and Anheuser-Busch InBev.
Regional Insights:
North
America holds the largest market share due to introduction of craft beer in the
U.S. Millennials across the globe are the target audience to flavored beer.
Along these lines, adoption and incorporation of new flavors is on the anvil.
For instance – AB InBev, in Apr 2018, did launch “Bud Light Orange” (an
orange-flavored light) for capitalizing on flavored lagers’ popularity. Europe
comes in second with increasing number of craft breweries and microbreweries.
Asia
Pacific is expected to grow at the highest rate in the next 5-7 years due to
economies like China and India witnessing a considerable consumption on the
part of beer. Plus, disposable income of people herein has been rising at an
alarming rate. This asks for adoption of high-quality and premium beers. At the
same time, heavy taxation and availability of substitutes are likely to hamper
the beer industry.
Market Segmentation:
The
beer market is segmented by type of product, price, packaging, and geography.
By product type, the market spans wheat, stout, lager (mainstream lager,
premium lager), flavored, dark, mixes, ale, cider, non-alcoholic, and low
alcohol. By price, the segmentation goes like standard, super premium, and
premium. By packaging, the market says draught, canned, and bottled. By geography,
the market states North America, Europe, Asia Pacific, MEA, and LATAM.
Players:
The other players contributing to the beer market include Beijing
Yanjing Brewery, Carlsberg Group, Diageo PLC, Dogfish Head Craft Brewery,
Squatters Pub, Sierra Nevada Brewing Co., and Boston Beer Company.
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