Zion Market Research has published a new report titled “Beer Market by Product (Light Beer and Strong Beer), by Production (Micro Breweries and Macro Breweries), by Category (Premium, Super Premium and Normal) and by Packaging (Canned, Bottled and Draught): Global Industry Perspective, Comprehensive Analysis and Forecast, 2016 – 2022”
Sarasota, FL -- (SBWIRE) -- 01/17/2018 -- According to the report, the global beer market was valued at approximately USD 530.00 billion in 2016 and expected to reach approximately USD 750.00 billion by 2022, growing at a CAGR of around 6.00% between 2017 and 2022.
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Beer is an alcoholic beverage usually made from malted cereal grain such as barley and is flavored by adding hops. Fermentable carbohydrates, such as wheat, rice, and maize, are added to produce different styles as well as flavors. Beer is one the oldest brewed and consumed beverages in the world with ever increasing demand from across the globe. Beer is most common alcoholic beverage preferred among both the genders. As a result of changing lifestyle, beer is globally seen as an alcoholic luxury beverage.
The global beer market is expected to witness substantial growth within the forecast period. The market is mainly driven by changing lifestyle coupled with increasing disposable income across the globe. Moreover, an increase in a number of local breweries is expected to propel the market growth in the near future. However, heavy taxation and increase in legal regulations coupled along with health issues may hinder the market growth over the forecast period. Nonetheless, high demand for beer among emerging economies especially in Asia Pacific region is expected to open up new growth avenues in the near future.
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Global Beer Market: Product Segment Analysis
Global Beer Market: Production Segment Analysis
Global Beer Market: Category Segment Analysis
Global Beer Market: Packaging Segment Analysis
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The beer market was dominated by Asia Pacific and it held largest revenue share in 2016. Asia-Pacific region is expected to grow at the highest growth rate during the forecast period. There has been a significant increase in the demand for beer in the developing countries of Asia-Pacific region. Changing lifestyle is primarily driving beer market in this region. Asia Pacific was followed by Europe and North America in terms of revenue in 2016. Europe and North America are expected to show moderate growth during the forecast period due to increase in a number of legal regulations and increasing health concerns. Latin America is another key regional market and is expected to witness substantial growth within the forecast period.
Key players present in this market include Anheuser-Busch InBev, SABMiller, Heineken, Carlsberg, China Resources Enterprise, Boston Beer, Tsingtao Brewery, Oettinger, Modelo, Molson Coors, Diageo, Yanjing Beer among others.
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