Global beer market expected to reach USD 750.00 billion by 2022, growing at a CAGR of 6.00% between 2017 and 2022.
Sarasota, FL -- (SBWIRE) -- 01/14/2019 -- As per analysts at Zion Market Research, the global beer market was capitalized at almost USD 530.00 Billion in 2016 and is likely to cross almost USD 750.00 Billion by 2022, developing at a CAGR of almost 6.00% from 2017 to 2022.
Analysts at Zion Market Research claim that the altering lifestyle paired with rising disposable revenue all over the world are likely to boost the beer market growth over the coming. In addition to this, an elevation in a number of local breweries is likely to have an optimistic affect on the beer market. On the other hand, increase in legal regulations and heavy taxation paired along with health problems are likely to cause a danger to the beer market growth in the years to come. Nevertheless, high demand requirement for beer among emerging nations especially in Asia Pacific area is likely to provide new chances for the development of the beer market in the years to come.
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Various mergers and acquisitions are also one of the reasons that are boosting the global beer market. For instance, in June 2016, Ball Corporation purchased Rexam PLC for USD 6.1 Billion in equity and cash. This acquirement made Ball the biggest producer of beverage cans in the glove, and is likely to increase its foothold in the beer market. In addition to this, increasing job opportunities is also set to bolster the global beer market.
Major players having presence in beer market comprise SABMiller, Anheuser-Busch InBev, Carlsberg, Heineken, Boston Beer, China Resources Enterprise, Oettinger, Tsingtao Brewery, Molson Coors, Modelo, Yanjing Beer, and Diageo among others. These players are set to place the beer market at new heights in the years to come.
The beer market was ruled by Asia Pacific and it held biggest income share in 2016. Asia Pacific area is likely to develop in the beer market at the uppermost growth rate in the years to come. There has been a noteworthy development in the requirement for beer in the developing nations of Asia Pacific. Altering lifestyle is majorly driving beer market in this area. Asia Pacific was chased by North America and Europe in terms of income in 2016. North America and Europe market are likely to develop at a moderate growth rate in the beer market owing to increasing health concerns and rise in a number of legal regulations. Latin America is one more major regional market and is likely to see considerable development in the beer market within the forecast period.
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The global beer market is segmented as follows:
The Middle East and Africa