London, UK -- (SBWIRE) -- 10/19/2018 -- Analyst Speak:

"The Europe Beer Market poised to reach US$ 163,453.1 Mn by 2024 with a significant CAGR over forecast period of 2018 to 2024 owing to increased number of micro-breweries to increase the production in order to meet the demand of beers, launch of new flavors across the Europe"

Precision Business Insights (PBI) in its report titled "Europe Beer Market: Market Estimation, Dynamics, Regional Share, Trends, Competitor Analysis 2013-2017 and Forecast 2018-2024" assesses the market performance over seven years forecast period from 2018 to 2024. The report analyses the market value forecast and provides the strategic insights into the market driving factors, challenges that are hindering the market revenue growth over forecast period.

The Europe Beer market revenue was valued at US$ 131,525.7 Mn in 2018 and projected to reach US$ 163,453.1 Mn by 2024 owing to increased beer exports coupled with surge in number of breweries across the Europe. Surge in inclination towards flavored, low-alcohol beers are anticipated to increase demand for Europe beer market. However, high tax rates, stringent government regulations of advertisements are major road blocks for Europe Beer market over forecast years.

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Europe Beer market segmented on the basis of product type, by production type, by packaging type, and country

Ales are accounted for major revenue share in Europe beer market:

Based on product type, Europe Beer market segmented into stout & porter, larger, malt, ales, and others. Ales segment was accounted for major revenue share in 2018 and projected to dominate the market share over the forecast period owing to surge in demand for ales. Ales market revenue was pegged at US$ 45,661.3 Mn in 2017, set to grow at a CAGR of 4.5% over the forecast period. Larger, Stout & Porter expected to gain significant market share in near future due to increase adoption of larger, stout & porter.

Germany dominates the Europe beer market:

Precision Business Insights (PBI) Europe Beer market report analyses the market in different countries of Europe such as UK, France, Germany, Spain, Belgium, Netherlands, Sweden, Norway, Portugal, and Iceland. According to regional analysis, Germany beer market accounted for larger revenue share through 2013 to 2017 and continue the leverage over the forecasted period of 2018 to 2024 due to increased number of breweries, and surge in exports to European and non-European countries. Belgium beers have been gaining popularity due to it's supreme quality and unique flavors.

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Surge in micro-breweries are anticipated to drive the Europe beer market:

Tremendous increase in micro-breweries are anticipated to drive the European beer market in future. The microbrewery segment accounted for US$ 74,566.4 Mn in 2017, and witnessed to grow around 3.0% CAGR over the forecast period. The Craft brewery segment accounted for 7.3% revenue share in 2017, and projected to reach 8.2% of revenue share by 2024.

Glass bottle packaging is dominated the market, with a share around 43.0% in 2017, and expected to dominate the market over the forecast timeframe. PET packaging segment expected to decline in future due to stringent regulations on PET packaging of beer.

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Detailed Segmentation

By Product Type
o Stout & Porter
o Larger
o Malt
o Ales
o Others

By Production Type
o Macro Brewery
o Micro Brewery
o Craft Brewery
o Others

By Packaging Type
o PET Bottle
o Metal Cans
o Glass Bottle
o Others

Geography
o Europe
- UK
- France
- Germany
- Spain
- Belgium
- Netherlands
- Sweden
- Norway
- Portugal
- Iceland

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