Beer Market in APAC will register a CAGR of 3% during 2020-2024. The market’s growth momentum will Accelerate.
Growing demand from millennials | Emergence of low-ABV cocktails | Product launches will be one of the major factors driving the growth of this market. Additionally, key Beer Market in APAC trends such as the Emergence of low-ABV cocktails will also influence market growth during the forecast period.
Beer Market in APAC Size
During the forecast period, the Beer Market in APAC size will grow by $ 37.82 bn.
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Beer Market in APAC : Vendors
The market is concentrated and owing to the growth opportunities, the level of competition among the companies in this market space will intensify further. are some of the major companies in the Beer Market in APAC. Though the forecast period offers opportunities for vendors to increase their market share, factors such as the Campaigns against alcohol consumption | Stringent regulations | Rising competition from other alcoholic beverages will also challenge the growth of the companies.
Anheuser Busch InBev SA/NV | Asahi Group Holdings Ltd. | Carlsberg Breweries AS | China Resources Beer (Holdings) Co. Ltd. | Diageo Plc | Heineken NV | Kirin Brewery Co. Ltd. | Molson Coors Beverage Co. | The Boston Beer Co. Inc. | United Breweries Ltd..list
are some of the companies covered in Technavio’s Beer Market in APAC report for 2021-2025.
Beer Market in APAC : Region-level Analysis
The report identifies region-level market dynamics, developments, and key markets. The regional level analysis also identifies the market share, growth momentum, and key leading countries in the Beer Market in APAC.
The China will account for the largest Beer Market in APAC share and during 2021-2025, the region will contribute to 42% of the market’s growth.
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