Despite
the implementation of several government regulations to curb alcohol
consumption, particularly among youngsters, the Asia Pacific beer
market is likely to exhibit positive growth at a 5.0% CAGR between
2014 and 2020. In a recently released report, Transparency Market
Research has pegged the value of the Asia Pacific beer market at
US$155.9 bn in 2013. By the end of 2020, the market will reach
US$220.3 bn according to the report.
Browse
Full Asia Pacific Beer Market Report With Complete TOC @
http://www.transparencymarketresearch.com/asia-pacific-beer-market.html
Asia
Pacific Beer Market Capitalizes on Rapid Urbanization
The
Asia Pacific beer industry has exhibited impressive growth over the
past five years, with countries such as China, India, Vietnam, South
Korea, Singapore, and Japan experiencing a significant rise in
overall sales volume. Due to rapid urbanization and rising disposable
income across the aforementioned countries, many brands are
experiencing tremendous success in the Asia Pacific beer market.
Several factors have aided this exponential rise in beer consumption
in the Asia Pacific region. Likewise, the incessant popularity of
craft beer has paved the way for a new generation of brewers to
dominate the market. The rise of the beer market in the Asia Pacific
region has been a phenomenal success story. Right from their start to
the annual sales, beer companies in the region have only grown
stronger with time. Furthermore, the consumption statistics reveal a
rapid rise in the number of female beer drinkers, thereby fuelling
overall demand from the Asia Pacific beer market.
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Increasing
Disposable Incomes – A Major Factor Fuelling Demand from Asia
Pacific Beer Market
The
average income of the working class of the society has significantly
increased over the last few years. This increase in disposable income
has made people more willing to dine out and spend more on beer.
Additionally, this has encouraged customers to spend more on premium
beer. To capitalize on the lucrative prospects, an increasing number
of bars and restaurants have opened across the major countries of
Asia Pacific, thereby giving an incredible boost to the beer market
in the region. Growing population and high acceptance of the Western
lifestyle also act in favor of the beer market in Asia Pacific.
China
and Japan Lead Asia Pacific Beer Market
In
2013, China emerged as the largest market for beer in Asia Pacific,
trailed by Japan. The growing population and increasing disposable
income of people living in China, particularly the working class, are
the key factors aiding growth of the beer market in the country.
Apart from China, the beer industry also has lucrative markets in
countries such as Vietnam, South Korea, India, and Singapore. Many of
these countries observe relaxed rules and regulations for brewing
businesses owing to the economic benefits the industry offers. This
is a significant factor boosting the Asia Pacific beer market.
Vendor
Landscape of Asia Pacific Beer Market
Owing
to the presence of intense rivalry, the Asia Pacific beer market has
assumed a concentrated nature. The top five players in the market
constitute over 51% of the overall market. Some of the leading
players operating in Asia Pacific beer market are Beijing Yanjing
Brewery, San Miguel Brewery, Tsingtao Brewery, Anheuser-Busch InBev,
China Resources Enterprise, Kirin Holdings, and Asahi Breweries.
About
Us
Transparency
Market Research (TMR) is a global market intelligence company
providing business information reports and services. The company’s
exclusive blend of quantitative forecasting and trend analysis
provides forward-looking insight for thousands of decision makers.
TMR’s experienced team of analysts, researchers, and consultants
use proprietary data sources and various tools and techniques to
gather and analyze information.
TMR’s
data repository is continuously updated and revised by a team of
research experts so that it always reflects the latest trends and
information. With extensive research and analysis capabilities,
Transparency Market Research employs rigorous primary and secondary
research techniques to develop distinctive data sets and research
material for business reports.
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