Beer Market
Global Beer Market worth to gain $ 750.00 bn by 2022, according to new statistics released by the Zion Market Research, the market research group.
Beer is one of the highly preferred alcoholic beverages across the globe. Beer is one the oldest brewed and consumed beverages in the world with ever increasing demand from across the globe. Beer is most common alcoholic beverage preferred among both the genders. The market is mainly driven by changing lifestyle coupled with increasing disposable income across the globe. Moreover, increase in a number of local breweries is expected to propel the market growth in the near future. However, heavy taxation and increase in legal regulations coupled along with health issues may hinder the market growth.
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In terms of demand, Asia Pacific was the largest segment and it held more than 30 % share of the global beer market in 2016. This is growth is mainly attributed to changing lifestyle and increase in expenditure capacity. China and India over the last decade have emerged as the largest consumers of the beer market. Asia-Pacific is expected to dominate the beer market over the next few years. High demand for beer among emerging economies especially in Asia Pacific region is expected to open up new growth avenues in the near future.