|03-15-2019 08:21 AM CET - Business, Economy, Finances, Banking & Insurance||
Beer Market 2018 : By Key Players Anheuser-Busch InBev, Carlsberg Group, Beijing Enterprises Holdings Limited, The Boston Beer Company Inc., Heineken N.V., Dogfish Head Brewery, Diageo Plc., Sierra Nevada Brewing Co., Tsingtao Brewery Co. Ltd
Press release from: Coherent Market Insights
Beer is the most widely consumed alcoholic drink across the world. This drink is generally brewed from cereal grains such as maize, rice, and wheat. Moreover, beer is brewed with hops that adds bitterness, stability, and flavor to the beer. Other flavoring agents such as herbs, fruits, and gruit can also be added instead of hops.
The growth of this market is attributed to rise in consumer preference for beer over other alcoholic drinks. According to the World Health Organization (WHO), in 2016, beer accounted for around 36% of the total alcohol consumption. This is further attributed to high consumption of beer among young people. Therefore, major players are focusing on launching new products to meet the rising demand.
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Lager type segment dominated the beer market in 2016, owing to its high acceptance rate over other types of beer by consumers. Therefore, major players are focusing on launching new lager beers to fulfil the growing demand. For instance, in 2016, Kopparbergs, a Swedish brewery and cider company expanded its portfolio in the fruit-beer by launching the Kopparberg fruit lager in lemon and lime flavor.
Global Beer Market Outlook:
Asia Pacific region dominated the global beer market in 2016 and is expected to retain its dominance over the forecast period. This is due to the increase in expenditure and changing lifestyle of people in this region. India and China are projected to be the growth engines in the region. In 2017, B9 Beverages Pvt. Ltd. expanded its beer portfolio by launching two variants namely; Bira 91 Light and Bira 91 Strong in India. Bira 91 light, is one of the low calorie alcoholic beverage having calorie lower than a glass of breezer, cocktails or champagne. Bira 91 strong is a high intensity wheat beer having 7% alcohol, as large portion of beer sold in India is strong having more than 5% alcohol.
Europe is expected to be the second largest region in terms of revenue growth in the global beer market, owing to rampant increase in consumption of beer in this region. This is owing to the consumption habits of alcoholic drinks and popularity of beer among the younger generation. According to Brewers of Europe, the EU beer consumption rose from 35.25 billion liters in 2014 to 35.91 billion liters in 2016.
North America region is projected to exhibit significant growth in the global beer market. In 2017, one of the leading U.S. beer brand Samuel Adams reformulated one of its flagship beers, Rebel IPA with a hop variety, which has more tropical, juicy, and citrus flavor. Moreover, in 2012, Anheuser-Busch InBev planned to launch 19 products in the U.S., which included small-batch craft brews, a cider, and an expanded malt beverage lineup, to further meet the growing demand of the region.
Major players in global beer market include Anheuser-Busch InBev, Carlsberg Group, Beijing Enterprises Holdings Limited, The Boston Beer Company Inc., Heineken N.V., Dogfish Head Brewery, Diageo Plc., Sierra Nevada Brewing Co., Tsingtao Brewery Co. Ltd, Oettinger Brauerei, and The Molson Coors Brewing Company among others.
Global Beer Market Taxonomy:
Global Beer market is segmented into:
By Product Type:
Stouts & Porters
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