Pune, India -- (SBWIRE) -- 04/12/2019 -- Our latest research report entitled Beer Market (by type (lager, ale, stout & porter, malt, and others), category (popular priced, premium, and super premium), packaging (glass, pet bottle, metal can, and others), production (the macro brewery, microbrewery, and craft brewery)) Industry Analysis, Trends, Size, Share and Forecasts to 2024 provides complete and deep insights into the market dynamics and growth of beer. Latest information on market risks, industry chain structure beer cost structure and opportunities are offered in this report. The past, present and forecast market information will lead to investment feasibility by studying the essential beer growth factors.

The forecast beer market information is based on the present market situation, growth opportunities, development factors, and opinion of the industry experts. An in-depth analysis of the company profiles, beer on global and regional level and applications is conducted. The analysis of downstream buyers, sales channel, raw materials, and industry verticals is offered in this report. The global beer market is projected to grow at a CAGR of 2.3% over the forecast period of 2018-2024.

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Beer Market: Industry Insight

Beer is generally prepared using four ingredients such as water, yeast, hops, and grain and undergoes the process of fermentation over a certain period of time. There are several types of beer are available in the market, among which ale and lager two most commonly consumed beers.

Beer Market: Driver and Restraints

Rapid population with changing lifestyle, increasing consumption of alcoholic drinks, and increased disposable income is escalating the growth of the beer market. As per the United Nation forecast, by the end of 2030, there would be 1.3 billion youth around the globe, which indicate a better business opportunity for the beer market in the near future. The growing popularity of beer among the young population is also supporting factor responsible for the growth of the market. Additionally, the increasing popularity of craft beer and other local beers have a positive impact on the growth of the market. Craft beer breweries produce around 2 million to 6 million gallons a year. According to American Cancer Society, excessive beer consumption can lead to increased risk of cancer in breast, colon, mouth, liver, and throat, which in turns, the hamper the growth of the beer market. Presence of alternative alcoholic beverages such as wine and many others also restrain the growth of the market. Furthermore, the introduction of innovative products, with a different flavor, and growing demand for imported and exported beer are anticipated to creates growth opportunities for the beer market in the coming years.

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Beer Market: Segmentations

The global beer market is segmented into type, category, packaging, and production. On the basis of type, the global beer market is categorized into lager, ale, stout & porter, malt, and others. Based on the category, the global beer market is divided into popular priced, premium, and super premium. On the basis of packaging, the global beer market is categorized into glass, pet bottle, metal can, and others. Glass segment is expected to hold maximum share due to growing consumption of beer. Additionally, glass bottles preserve the strength, aroma, and flavor of the products makes them a more favorable option for glass packaging in the alcoholic beverages industry. On the basis of production, the global beer market is categorized into the macro brewery, microbrewery, and craft brewery.

Beer Market: Regional Analysis

Among geographies, Europe region dominates the beer market followed by North America. Germany, the United Kingdom, Spain, Poland, and France have the highest beer consuming countries in Europe. Additionally, Europe produces around 40 billion liters of beer every year. Furthermore, owing to the growing demand for distinctive and flavorful beers, the beer market is growing in this North America region. Additionally, continuous growth in craft beer also contributes to the growth of the market. Moreover, Asia Pacific is expected to the fastest growing region for the beer market. China has the highest beer production around the globe. In 2017, it had around 39,788,100 kl beer production. Increasing disposable income among young and middle-class consumers, and adaptation of the western culture in this region is helping to grow the beer market in this Asia Pacific region.

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Beer Market: Competitive Landscape

The beer market is concentrated. The companies profiled in the global beer market are Anheuser-Busch InBev, Beijing Enterprises Holdings Limited, Carlsberg Breweries A/S, Diageo, Dogfish Head Craft Brewery Inc., Heineken N.V., UTAH BREWERS COOPERATIVE, Sierra Nevada Brewing Co., The Boston Beer Company., and UNITED BREWERIES LIMITED. A number of key players are adopting a merger and acquisition to expand their portfolios and increase their market share.

AB InBev Looks to Launch Two Non-Alcoholic Beers in the Next 3 Months

In April 2019, the world's largest brewer Anheuser-Busch InBev (AB InBev) is set to launch two non-alcoholic beers in India, in line with its global push to offer more low- to non-alcoholic beverages to consumers the world over. The company will launch the two products such as Budweiser 0.0 and Hoegaarden 0.0—in the next three months.

Reasons to Buy this Report:

- Comprehensive analysis of global as well as regional markets of the Beer.

- Complete coverage of all the product type and applications segments to analyze the trends, developments, and forecast of market size up to 2024.

- Comprehensive analysis of the companies operating in this market. The company profile includes analysis of product portfolio, revenue, SWOT analysis and the latest developments of the company.

- Infinium Global Research- Growth Matrix presents an analysis of the product segments and geographies that market players should focus to invest, consolidate, expand and/or diversify.