Pune, India, Nov. 23, 2021 (GLOBE NEWSWIRE) -- The global beer market is expected to grow at a CAGR of 4.22% between 2019 and 2026. This is ascribable to factors such as the easy availability of raw materials and increasing consumption of the product across the globe. Fortune Business Insights, publish this information in its latest report. The report further observes that the market was worth USD 693.39 billion in 2018 and is expected to reach USD 962.39 billion by 2026.
Beer is believed to be discovered over 5000 years ago at Godin Tepe that is located in the central Zagros mountain ranges of Iran. The earliest beer is said to be extracted from the barley dates, while the Weihenstephan Brewery is considered the oldest brewery in the world. Today, gallons of beer is consumed across the globe, which is a favorite beverage among old and millennials alike. According to data from the World Atlas, the Czech Republic hold the title of being the largest beer-consuming country with about 142.6 liters per capita annual drinks recorded in the country. Today, innovation in flavors and the emergence of modern breweries is propelling the demand for the beverage across the globe.
Get Sample PDF Brochure:
https://www.fortunebusinessinsights.com/enquiry/request-sample-pdf/beer-market-102489
Fortune Business Insights™ lists out all the beer market companies that are presently striving to reduce the impact of the Covid-19 pandemic on the market:
- Anheuser-Busch InBev
- Heineken N.V.
- China Resources Breweries
- Carlsberg A/S
- Molson Coors Beverage Company
- Boston Beer Company
- Asahi Group Holdings Ltd
- Breckenridge Brewery
- Kirin Holdings Co. Ltd
- SABMiller PLC
What does the Report Include?
The market report includes an exhaustive study of several factors such as drivers, restraints, challenges, and opportunities that will affect the growth of the market in the forthcoming years. The report covers regional demographics that include qualitative and quantitative information about the regions that are further divided into nations that are contributing to the growth of the market between 2019 and 2026. Furthermore, the competitive landscape has been discussed in-depth that include information of several players operating in the market. Moreover, information on the adoption of strategies such as merger and acquisition, collaboration, partnerships, and joint ventures by the companies that will drive the growth of the market has been included during the projected horizon.
Drivers and Restraints:
Abundant Availability of Raw Material for Product Manufacturing to Aid Growth
According to the Fortune Business Insights report, global wheat production has surged over the past five years that supplements raw materials such as wheat and barley for the beer manufacturers. The availability of the raw materials along with a large consumer base in several regions across the globe is expected to propel the global beer market growth during the forecast period. For instance, according to a report by Kirin Beer University in 2018, China was found to be the largest beer-consuming country across the globe. Furthermore, increasing acceptance of western culture in countries such as China and India in Asia-Pacific is anticipated to drive market growth in the forthcoming years.
Regional Analysis:
Large Consumer Base in North America to Augur Growth
Among the regions, North America is expected to witness exponential growth and register the highest global beer market revenue in the forthcoming years. In addition to this, the region was worth USD 121.36 billion in 2018 and is witnessing growth owing to the presence of a large consumer base. Furthermore, evolving consumer preference and growing demand for beer from the working population will bode well for the market growth. Asia-Pacific, on the other hand, is expected to witness significant growth during the forecast period. This is attributable to factors such as increasing demand for the product from the countries such as China, India, and Australia in the region. Moreover, high disposable income and growing preference for luxury product is anticipated to aid the market growth between 2019 and 2026
Browse Detailed Summary of this Research Report with TOC:
https://www.fortunebusinessinsights.com/beer-market-102489
Competitive Landscape:
Product Launches by the Companies to Surge Demand
Fortune Business Insights reports that the market comprises of several small, medium, and large companies trying to consolidate their position in the fiercely competitive global beer market. They are doing this by adopting strategies such as innovative product launches, partnership, and merger and acquisition. For instance, in March 2020, Innis & Gunn, a Scottish brewery, announced its launch of new limited-edition beer, Islay Whisky Cask. The new beer from the brewery seeks inspiration from the barrel-old spirits found across the globe.
Detailed Table of Content:
- Introduction
- Research Scope
- Market Segmentation
- Research Methodology
- Definitions and Assumptions
- Executive Summary
- Market Dynamics
- Market Drivers
- Market Restraints
- Market Opportunities
- Emerging Trends
- Key Insights
- Overview on Alcoholic Beverages Market
- Supply Chain Analysis
- Industry SWOT Analysis
- Recent Industry Developments - Mergers & Acquisitions, Expansions, Partnerships, and Investments
- Global Beer Market Analysis, Insights and Forecast, 2015-2026
- Key Findings / Summary
- Market Size Estimates and Forecast
- By Type
- Lager
- Ale
- Stouts
- Others ( Speciality Beers & Pilsner)
- By Packaging
- Glass Bottle
- Metal Can
- By Distribution Channel
- On-trade
- Off-trade
- By Region
- North America
- Europe
- Asia Pacific
- South America
- Middle East & Africa
- By Type
TOC Continued…!!!
Inquire Before buying:
https://www.fortunebusinessinsights.com/enquiry/queries/beer-market-102489
Have a Look at Related Research Insights:
Craft Beer Market Size, Share & COVID-19 Impact Analysis, By Type (Ale, Lager, Pilsner, and Others), Distribution Channel (On-Trade and Off-Trade), and Regional Forecast, 2020 – 2027
Organic Beverages Market Size, Share & Industry Analysis, By Type (Non-Alcoholic, Alcoholic), By Distribution Channel (Mass merchandisers, Convenience Stores, Online retails) and Regional Forecast, 2021-2028
About Us:
Fortune Business Insights™ offers expert corporate analysis and accurate data, helping organizations of all sizes make timely decisions. We tailor innovative solutions for our clients, assisting them to address challenges distinct to their businesses. Our goal is to empower our clients with holistic market intelligence, giving a granular overview of the market they are operating in.
Contact Us:
Fortune Business Insights™ Pvt. Ltd.
308, Supreme Headquarters,
Survey No. 36, Baner,
Pune-Bangalore Highway,
Pune - 411045, Maharashtra, India.
Phone:
US: +1 424 253 0390
UK: +44 2071 939123
APAC: +91 744 740 1245
Email: sales@fortunebusinessinsights.com
