The latest trending report published by Crystal Market Research titled, Beer Market approximates that the Beer Market size is estimated to flourish at a significant CAGR in the future, and this is attributed to the escalation in need for this product across the globe along with novel innovations in the market.
Beer Market is expected to experience significant growth in coming years between 2017 and 2025. The market is expected to become $925.33 billion by 2025 at a growing CAGR of 6.23%. The market is primarily driven by changing lifestyle of all age groups and increase in disposable income across the globe.
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Beer is an alcoholic beverage made by fermentation of barley. Beer is the third most popular drink consumed after water and tea. It is produced through a process known as brewing which involves fermentation of sugars and starch from barley, wheat, maize and rice. Hops are used to flavor beer which adds bitterness and acts as natural preservative, though herbs or fruits are used occasionally.
The report Beer Market renders a wide-ranging analysis of the said market in terms of product, regional, application and end user segmentation. The report comprises of the present market size of this industry. Also, the potential outlooks and current market summary of this segment has been thoroughly analyzed in this report. Moreover, chief market players of the Beer Market are studied on various factors like product portfolio, company profile, sales analysis, revenue generation through the forecast period.
North America held a significant share of the beer market in 2016 due to the rapid changing lifestyle of people and increase in disposable income especially among middle income group. For instance, as per US Department of Health and Human Services survey, more than 56.8% of males aged 12 and older and more than 45.6% of female aged 12 and older consumes at least one alcoholic beverage in the past 30 days.
Top Major Market Players:
Some of the major players in this market are, Asahi Group Holdings, Ltd., Anheuser-Busch InBev, The HEINEKEN Company., Molson Coors Brewing Company, Tsingtao Beer (H.K) Trading Co. Ltd., Birra Menabrea, BITBURGER BREWERY GROUP
This report contains Segment wise in-depth analysis in terms several segments along with market size forecasts and approximations to observe significant areas of industry growth in detail. Additionally, an executive summary, summarizing the entire report in such a way that decision-making team can speedily become familiar with background information, summarizing analysis and main conclusions.
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