Press release
Malt Beverages Market Size 2024 to 2031.
Market Overview and Report CoverageMalt beverages are alcoholic beverages made from malted barley, water, hops, and yeast. They are a popular choice among consumers looking for a flavorful and refreshing drink. The malt beverages market is expected to experience significant growth in the coming years, with a projected CAGR of 7.60% during the forecasted period.
The current outlook for the malt beverages market is positive, with increasing demand from both traditional beer drinkers and consumers looking for new and unique beverage options. The market is seeing a rise in innovative product offerings, such as craft and flavored malt beverages, which are appealing to a wider range of consumers.
Factors driving the growth of the malt beverages market include changing consumer preferences, increasing disposable income, and a growing trend towards premium and craft beverages. Additionally, the rise of e-commerce and online retail channels is making it easier for consumers to access a wide variety of malt beverages.
Overall, the future looks bright for the malt beverages market, with strong growth expected in the coming years. Consumers can look forward to a diverse range of innovative and high-quality malt beverages in the market.
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Market Segmentation
The Malt Beverages Market Analysis by types is segmented into:
• Flavored
• Unflavored
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Malt beverages can be categorized into flavored and unflavored markets based on their composition. Flavored malt beverages are infused with additional flavors such as fruit or spices to enhance taste and appeal to a wider consumer base. On the other hand, unflavored malt beverages are more traditional options that focus on the natural malt flavor without any added flavors. Both markets cater to different consumer preferences, with flavored options providing variety and innovation, while unflavored options offer a more classic choice.
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The Malt Beverages Market Industry Research by Application is segmented into:
• Alcoholic Beverages
• Non-Alcoholic Beverages
Malt beverages are commonly found in both the alcoholic beverages market and the non-alcoholic beverages market. In the alcoholic beverages market, malt beverages are often enjoyed for their unique flavors and alcohol content. They are popular choices for those looking for a refreshing and flavorful drink. In the non-alcoholic beverages market, malt beverages are enjoyed by those looking for a non-alcoholic alternative with a unique taste. They can be a great option for individuals who do not consume alcohol but still want to enjoy a flavorful drink.
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In terms of Region, the Malt Beverages Market Players available by Region are:
North America:
• United States
• Canada
Europe:
• Germany
• France
• U.K.
• Italy
• Russia
Asia-Pacific:
• China
• Japan
• South Korea
• India
• Australia
• China Taiwan
• Indonesia
• Thailand
• Malaysia
Latin America:
• Mexico
• Brazil
• Argentina Korea
• Colombia
Middle East & Africa:
• Turkey
• Saudi
• Arabia
• UAE
• Korea
What are the Emerging Trends in the Global Malt Beverages market?
Some emerging trends in the global malt beverages market include the rising popularity of non-alcoholic malt beverages, the increasing demand for craft and premium malt beverages, the expansion of flavored malt beverage options, and the growing interest in healthier malt beverages made with natural ingredients. Additionally, there is a trend towards sustainable and environmentally friendly production practices within the industry. Convenience and accessibility also play a significant role in the market, with the rise of online retail channels providing consumers with easier access to a wide variety of malt beverages. Overall, the market is seeing a shift towards more diverse and innovative product offerings to cater to evolving consumer preferences.
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Major Market Players
Anheuser-Busch is one of the largest and most well-known players in the malt beverages market. The company was founded in 1852 and has since grown to become a global leader in the beer industry. Anheuser-Busch has a wide range of malt beverages under its portfolio, including popular brands such as Budweiser, Bud Light, and Michelob Ultra. The company has seen steady market growth over the years, with a strong presence in both domestic and international markets.
Asahi Breweries is a Japanese brewing company that was founded in 1889. The company has a strong presence in the malt beverages market, with a focus on premium and craft beers. Asahi Breweries has seen significant market growth in recent years, expanding its reach beyond Japan to other Asian markets and even to the United States and Europe.
Coors Brewing Company, now known as Molson Coors Beverage Company, is another key player in the malt beverages market. The company was founded in 1873 and has a wide range of popular brands such as Coors Light and Miller Lite. Molson Coors has a strong market presence in North America and has been making strategic moves to expand its reach in other international markets as well.
While specific sales revenue figures may vary, it is estimated that Anheuser-Busch had sales revenue of over $52 billion in 2020. Asahi Breweries had sales revenue of approximately $17 billion in the same year. Molson Coors reported sales revenue of around $9 billion in 2020.
Overall, these companies are key players in the malt beverages market, with strong market growth and a wide range of popular brands under their portfolios. Their sales revenue figures reflect their dominance in the industry and their ability to drive growth through strategic marketing and product innovation.
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