Press Release
Press Release
According to a new report by EMR titled, 'Global Beer Market Report and Forecast 2021-2026', the global beer market reached a value of almost USD 594.5 billion in the year 2020. The market is further expected to grow at a CAGR of 3% in the forecast period of 2021-2026 to reach a value of almost USD 709.9 billion by 2026.
The Asia Pacific region is the leading regional market for beer worldwide. This can be attributed to the rising innovation and premiumisation of beer in the region. The major producers of beer are the United States, China, Mexico, Brazil, and Germany. Germany celebrates the world’s largest beer festival, popularly known as Oktoberfest. The festival is a 16 to 18-day folk festival, which begins late September in Munich and is a lucrative occasion for the beer market growth in the country.
The beer market is also witnessing rapid growth in emerging markets, such as China, India, the Middle East and Africa, Latin America, and Eastern Europe. Anheuser-Busch InBev (NYSE: BUD) is the biggest brewer across the globe. In Feb 2021, the company announced its plan to expand its beer market in India, specifically targeting the premium segment. India presents a lucrative growth opportunity for the company, with its high concentration of millennial population and the growing penetration of bars and pubs in the country. The market is anticipated to further grow in the country, owing to the inflating incomes and changing lifestyles.
Market Analysis by Product Type, Packaging, Production, Alcohol Content, Flavour, Distribution Channel, and Region:
Key Findings of The Report:
Key Offerings of the Report:
Asahi Group Holdings Ltd., Anheuser-Busch InBev, Carlsberg Group, Heineken N.V., Sierra Nevada Brewing Co, United Breweries Ltd, and The Smirnoff Co., among others, are the key players in the global beer market. The EMR report looks into the capacity, market share, and latest developments of these major players like plant turnarounds, mergers and acquisitions, and capacity expansions.
*At Expert Market Research, we strive to always give you current and accurate information. The numbers depicted in the description are indicative and may differ from the actual numbers in the final EMR report.
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