Beer market is experiencing good growth across all the geographical regions of the globe, with the increasing demand for infrastructural development as well as residential construction. Furthermore, the rising adoption of public-private partnership model is another factor fueling the growth of the market.
The beer market is driven by an increase in consumer preferences for beer over other alcoholic beverages and rise in disposable income in developing regions such as the Asia Pacific. Moreover, the development of flavored beer products by the companies operating in the market further propels the growth of the market. Presently, beer markets are opening up with an end goal to target more clients. Nevertheless, the beer industry offers numerous growth opportunities in the near future, owing to the introduction of naturally sweetened and non-alcoholic beer. However, fluctuation in the prices of raw material and higher excise duties and taxations on imported of the beer are the major factors hindering the growth of the market.
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The List of Companies1. Allied Blenders and Distillers Pvt. Ltd. (ABD) 2. Anheuser-Busch InBev 3. ASAHI GROUP HOLDINGS 4. Birra Menabrea 5. BITBURGER BRAUGRUPPE GMBH 6. Budweiser Budvar, N.C. 7. Carlsberg Breweries A/S 8. Chimay Brewery 9. Heineken N.V. 10. Radeberger Exportbierbrauerei GmbH
The report aims to provide an overview of the global Beer market with detailed market segmentation. Also, it analyzes the current Beer market scenario and forecasts the market till 2027. The report covers market dynamics affecting the Beer market during the forecast period. Furthermore, the report analyzes the competitive scenario, geographic trends, and opportunities in the Beer market with respect to all geographic regions. The report also includes the detailed company profiles of the key players in the Beer market along with their market strategies. The report also provides the SWOT analysis for all company profiled in the report.Currently, the Beer market penetration rates in the North America region is higher than any other markets across the globe. This is attributed to most of U.S. State governments’ laws that mandate Beer bonds. Both the U.S. and Canada Beer markets are majorly ruled by insurers, while banks also play a significant role. However, SAM and APAC region are anticipated to grow at the highest CAGR.The presence of several emerging economies in APAC and SAM region, resulting in growth of the infrastructure sector is influencing the market growth for Beer. Also, the rising population of these economies has created a demand for new housing construction thus, propelling the growth of the Beer market in the region.
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This post was originally published on Trading Herald