(Food-Beverage-News.Com, May 18, 2018 ) Global Beer Market: By Product Type (Stout and Porter, Lager, Malt, Ale, Others), By Production (Macro Brewery, Micro Brewery, Craft Brewery, Others), By Packaging (PET Bottle, Metal Can, Glass, Others), and Geography - Market Estimation, Dynamics, Regional Share, Trends, Competitor Analysis 2013 to 2017 and Forecast 2018 to 2024 Global beer market was valued at US $ XX Mn and expected to grow at XX% Compound Annual Growth Rate (CAGR) over 2018 to 2024.
Market Outline: Beer Market Beer is most widely consumed alcoholic beverage across the world. It is generally produced by extracting the raw materials with water, by boiling and fermentation. Beer production involves malting, milling, mashing, hop addition, extract separation and boiling. The process continues by removal of hops and precipitates, cooling and aeration, fermentation, separation of yeast, aging, maturing, and packaging. In commercial brewing, the natural carbonation is removed or replaced with forced carbonation. Market Dynamics: Beer Market Increase in the urbanization, change in consumer preferences for beer are key factors expected to witness the growth of beer market. The change in lifestyle coupled with the adoption of western food habits is expected to fuel the market. The growing youth population and soaring acceptance of social drinking is anticipated to witness positive impact on the market. The strategic moves by the manufacturers through mergers and acquisitions, partnerships, and collaborations are expected to provide an opportunity to the manufacturers, which is likely to boost the growth of the beer market. However, the taxations and higher excise duties over the local and imported beer is expected to hamper the growth of the market.
Market Scope: Beer Market The beer market is segmented based on the product type, production, packaging, and distribution channel
Based on the product type, the market is segmented into the following: Stout & Porter Lager Malt Ale Others Based on the production, the market is segmented into the following: Macro-brewery Micro-brewery Craft Brewery Others Based on the packaging, the market is segmented into the following: PET Bottle Metal Can Glass Others
Regional Analysis: Beer Market Geographically, global beer market is segmented into North America, Europe, Asia Pacific, Latin America, and the Middle East and Africa. Asia Pacific beer market is the dominant revenue share of the global beer market due to higher consumption of beer. Significant increase in the youth population coupled with increased consumption of beer in India, China expected to boost the global beer market. Russia and Ukraine contribute the largest share in the Eastern Europe region. North America beer market is projected to show growth in the forecasted period. U.S and Mexico contribute the largest share in the region of North America.
Competition Assessment: Beer Market Some of the players in the global beer market include: Diageo PLC (UK) United Breweries Group (India) Asahi Group Holdings Ltd (Japan) Carlsberg Group (Denmark) Breckenridge Brewery (U.S) Heineken NV (Netherlands) Groupo Modelo (Mexico) Camden Town Brewery (UK) Four Peaks Brewing Company (U.S) Kirin Holdings Co. Ltd (Japan) Notable Market Developments: Beer Market In March 2018, Corona has launched its first new beer in 29 Years.
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