Asia-Pacific Beer Market Report Forecasts Market to Revenue $202.4 Billion by 2020, Registering a CAGR of 7.3%
PORTLAND, OREGON, USA, August 26, 2022 /EINPresswire.com/ — The increase in disposable income and a significant change in the social lifestyle of the active population have largely contributed to the growth of the Beer market in Asia-Pacific. The increase in disposable income has led to a high demand for premium and expensive beers among consumers. The premium beer segment shows a stable CAGR of 7.9% over the forecast period.
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Companies are adopting product launch, acquisition, and partnership as key strategies to expand their market reach and gain greater market share. Key companies profiled in the report are Anheuser-Busch InBev, Tsingtao Brewery, Heineken NV, Beijing Yanjing Brewery, Carlsberg Group, China Resources Enterprise, United Breweries Group (UB Group), Asahi Breweries Ltd., SABMiller Plc. and Kirin Holdings Co Ltd. In the Asia-Pacific region, China accounts for the largest consumption of beer. India would become a major market. Growth is complemented by rising disposable incomes and changing consumer lifestyles.
Key Findings of the Asia-Pacific Beer Market:
The Asia-Pacific beer market is growing rapidly due to increasing disposable incomes, changing lifestyles and growing young labor force
The macro-brewery segment accounts for the largest share of the beer market, registering a CAGR of 7.6% during the period 2015-2020
The premium beer segment would show the fastest growth rate during the forecast period
China was the top revenue generating region in the APAC beer market
India is one of the most profitable markets, in terms of growth
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