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Beer Market: How will COVID-19 Affects Food & Beverages Industry?

Beer Market: How will COVID-19 Affects Food & Beverages

The global beer market size is projected to reach USD 962.39 billion by the end of 2026. The demand for low-alcoholic beverages has emerged in favor of the companies operating in the market. According to a report published by Fortune Business Insights, titled "Beer Market Size, Share & Industry Analysis, By Type (Lager, Ale, Stouts, and Others), Packaging (Glass Bottle and Metal Can), and Distribution Channel (On-trade and Off-trade), and Regional Forecast, 2019 - 2026," the market was worth USD 693.39 billion in 2018 and will exhibit a CAGR of 4.22% during the forecast period, 2019-2026.

List of top companies that are operating in the global beer market include;

o Anheuser-Busch InBev
o Heineken N.V.
o China Resources Breweries
o Carlsberg A/S
o Molson Coors Beverage Company
o Boston Beer Company
o Asahi Group Holdings Ltd
o Breckenridge Brewery
o Kirin Holdings Co. Ltd
o SABMiller PLC

Product Overview:

Beer is one of the most popular alcoholic beverages that is consumed on large scale in almost all parts of the world. Due to the increasing demand for flavored and craft beer, several companies are looking to invest in breweries, with a bid to establishing a stronghold in the market. The presence of several large scale companies has contributed to the growth of the global market in recent years.

The consumption of beer at public events and social gatherings has created several growth opportunities for the companies operating in the market. The introduction of flavored beers by major companies will have a positive impact on the growth of the market in the coming years.
Report Overview:

The beer market is segmented based on factors such as type, packaging, distribution channel, and regional demographics. The report provides forecast values for the market from 2019 to 2026. The factual figures have been obtained through trusted sources. Moreover, these predictions are made based on extensive research analysis methods, coupled with the opinions of experienced market research professionals.
The report highlights the latest product launches and labels major innovations in the market. In addition to this, it states the impact of these products on the growth of the market. The competitive landscape has been discussed in detail and predictions are made concerning leading companies and products in the coming years.

Increasing Number of Product Launches by Major Companies to Aid Growth

The report encompasses several factors that have contributed to the growth of the market in recent years. Accounting to the massive demand for beer across the world, several companies are looking to capitalize on this by introducing innovative and flavored beers. The introduction of new beers will cater to the increasing consumer demand for variations. In June 2018, United Breweries Group announced the launch of a new beer in the Indian market. The company introduced 'Kingfisher Pale Ale,' a new ale beer, introduced to cater to the growing demand for ale beers across India. United's latest product will not only benefit the company, but will have a positive impact on the growth of the market in the foreseeable future.
North America to Hold the Highest Market Share; Presence of Several Large Scale Companies to Aid Growth

The report analyzes the ongoing beer market trends across North America, Latin America, Europe, Asia Pacific, and the Middle East and Africa. Among these regions, the market in North America currently holds the highest beer market share. This is attributable to the growing demand and subsequently high production of beer in several countries across the region. As of 2018, the market in North America was worth USD billion and this value is projected to increase further in the coming years. Besides North America, the market in Asia Pacific will witness considerable growth in the coming years driven by the increasing demand for the product in emerging countries such as India.

Industry Developments:

November 2018: Heineken N.V. announced the launch of a new range of beer to cater to the massive demand in North America. The company introduced Sol 'Taste the Sun,' a product that the company plans to sell globally.

Gain More Insights into the Beer Market Research Report

https://www.fortunebusinessinsights.com/beer-market-102489

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