Transparency
Market Research has published a new report on the Europe
beer market. As per the report, the beer market in Europe stood
at US$131.46 bn in 2014 and is expected to reach US$160.99 bn by
2021. The report, titled ‘Beer Market - Europe Industry Analysis,
Size, Share, Growth, Trends and Forecast 2015 - 2021,’ states that
the market is expected to expand at a 2.90% CAGR from 2015 to 2021.
Factors such as the growing customer base for beer and health
benefits of beer are predicted to benefit the Europe beer market in
the years to come. In terms of volume, the beer market in Europe is
expected to progress from 23.44 bn liters in 2014 to 27.83 bn liters
by 2021, expanding at a 2.50% CAGR from 2015 to 2021.
Earlier,
the beer industry in Europe had a local presence, with only a few
players having an international reach. Thanks to the rapid
development of the beer sector in Western Europe and Eastern Europe,
the beer industry in Europe is now well poised for rapid expansion.
Beer consumption patterns in Eastern Europe are undergoing many
positive trends, which is why growth is expected to be optimistic. As
beer is the most preferred alcoholic drink, its consumption is
expected to be high in Europe. Moreover, the increasing health
benefits of beer, such as its ability to cure insomnia and the
capacity to lower cholesterol are predicted to propel the Europe beer
market in the near future.
Even
though beer is seasonally available, the growing preference for beer
is one of the important factors expected to drive the Europe beer
market in the years to come. Currently, manufacturers of beer are
concentrating on capturing the untapped market across Europe. Some of
the leading players operating in the Europe beer market are
Anheuser-Busch InBev, Diageo, SAB Miller PLC, Carlsberg Group, and
Heineken N.V. Mergers and acquisitions, partnerships, and product
inventions are expected to propel the Europe beer market in the years
to come. The Europe beer market is well-spread across the region as
it covers various countries such as Italy, France, the U.K., Germany,
and Spain.
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Free exclusive Sample of this
report:http://www.transparencymarketresearch.com/sample/sample.php?flag=S&rep_id=4415
The
Germany beer market stood at US$36.22 bn in 2014 and is expected to
reach US$40.65 bn by 2021, progressing at a 1.70% CAGR from 2015 to
2021. The France beer market is anticipated to progress from US$11.71
bn in 2014 to US$15.59 bn by 2021, expanding at a 4.20% CAGR from
2015 to 2021.
By
product type, the Europe beer market is classified into ale beer,
stout beer, and lager beer. The lager beer segment stood at US$17.01
bn in 2014 and is predicted to reach US$20.05 bn by 2021, progressing
at a 2.40% CAGR from 2015 to 2021.
Seasonality
and the increasing consumption of substitute drinks are predicted to
hamper the growth of the Europe beer market in the years to come.
However, the rising growth opportunities in Eastern Europe are
predicted to boost the Europe beer market in the long run.
Key
Segments of Europe Beer Market
Europe
Beer Market by Product type:
- Ale beer
- Lager beer
- Stout beer
Europe
Beer Market by Country:
- Germany
- U.K.
- Italy
- Spain
- France
- Rest of Europe
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