According
to a recent market research report published by Transparency Market
Research, the Asia Pacific beer
market is estimated to expand at a CAGR of 5.0% during the period
between 2014 and 2020. The report, titled “Asia Pacific Beer Market
- Industry Analysis, Size, Share, Growth, Trends and Forecast, 2014 -
2020,” projects the Asia Pacific beer market to stand at a
valuation of US$220.36 bn by 2020. The market was worth US$155.93 bn
in 2013.
Beer
is one of the most widely consumed and oldest alcoholic beverages in
the world. Recent archaeological excavations in China have revealed a
5,000-year old brewery, pointing out the historical consumption of
beer in Asia Pacific. The growing demand for innovative flavored beer
and crafted beer has boosted the growth of the beer market in Asia
Pacific.
The
report points out that a rise in disposable incomes, the impact of
Western culture, and increase in beer consuming working class
consumers have propelled the growth of the Asia Pacific beer market.
An increase in the number of convenience stores, liquor shops, retail
stores, malls, restaurants, and bars has also supported the growth of
the market. However, government regulations regarding alcohol
consumption threaten to impede the regional market’s growth during
the forecast period. Furthermore, consumers are also becoming aware
of the negative effects of regular alcohol consumption. The APAC
market has a huge opportunity to grow with the increasing preference
for unique beers.
Depending
on type, the report segments the Asia Pacific beer market into
mainstream, premium, and economy. The mainstream beer segment held
33% of the market in 2013 and emerged as the leading segment. The
growing demand for mainstream beer has significantly helped
established brands by improving production at their local
manufacturing units. This has led to the availability of quality beer
at affordable prices. On the other hand, during the forecast period,
the premium beer segment is anticipated to expand at a CAGR of 4.60%.
Download
Free exclusive Sample of this
report:http://www.transparencymarketresearch.com/sample/sample.php?flag=S&rep_id=2726
The
report studies the Asia Pacific beer market across some of the key
countries such as Japan, China, India, Australia, South Korea,
Singapore, Vietnam, and others. In 2013, China was the largest
consumer of beer in the region due to the increasing income level and
the country’s high population. The growing demand for beer across
Singapore, India, and South Korea is likely to support the growth of
the regional market during the forecast horizon.
The
Asia Pacific beer market is intensely competitive. Describing the
competitive landscape, the report profiles some of the key players in
this regional beer market such as Beijing Yanjing Brewery, China
Resources Enterprise, Kirin Holdings, San Miguel Brewery,
Anheuser-Busch InBev, Asahi Brewery, and Tsingtao Brewery. The top
five players together hold over 51% of the overall market.
Anheuser-Busch InBev is witnessing substantial profit margins with
rising sales of beer in Asia Pacific. Furthermore, the region is
experiencing a boom in imports of Czech beer, such as beer
manufactured by PivivaryLobkowicz Group, which is partly owned by
CEFC.
Asia
Pacific BeerMarket has been segmented as:
By
types:
- Premium
- Mainstream
- Economy
By
countries:
- China
- India
- Japan
- South Korea
- Australia
- Vietnam
- Singapore
- Others
No comments:
Post a Comment