A
new market research report has been recently published by
Transparency market Research, a global market intelligence firm. The
research report, titled “Beer Market - Latin America and
Middle-East Industry Analysis, Size, Share, Growth, Trends and
Forecast 2015 - 2021,” provides detailed analysis of the Latin
America and Middle East beer market.
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PDF Sample For More Information @
https://www.transparencymarketresearch.com/sample/sample.php?flag=S&rep_id=4539
According
to the research report, in 2014, the Latin America beer market was
worth US$57.1 bn and is estimated to reach US$77.1 bn by the end of
2021, exhibiting a 4.40% CAGR between 2015 and 2021. On the basis of
volume, in 2014, the Latin America beer market stood at 20,191.6 mn
liters and is projected to reach 24,847.9 mn liters by the end of
2021, registering a 3.10% CAGR between 2015 and 2021. On the other
hand, in 2014, the Middle East beer market was worth US$3.5 bn and is
anticipated to reach a value of US$4.8 bn by the end of 2021,
exhibiting a 4.30% CAGR between 2015 and 2021. On the basis of
volume, in 2014, the Middle East beer market stood at 1,044.3 mn
liters and is estimated to reach 1,209.4 mn liters by the end of
2021, exhibiting a 2.10% CAGR between 2015 and 2021.
The
growing popularity of beer, the tremendously increasing disposable
incomes of consumers, and rapid industrialization are some of the
major factors driving the Latin America and Middle East beer market.
In addition, the introduction of organic beer is expected to boost
the demand for beer in these regions throughout the forecast period.
However, stringent regulations and sensorial profile of beer are the
major factors hampering the growth of this market.
By
product, the Latin
America and Middle East beer market has been categorized into
stout beer, lager beer, non-alcoholic beer, and dark beer. Among
these types of beer, the lager beer segment accounts for the largest
share in the Latin America and Middle East beer market on the basis
of revenue generation. In the Latin America beer market, the lager
beer segment is projected to register a 4.40% CAGR between 2015 and
2021, whereas in the Middle East, this segment is projected to
exhibit a 3.50% CAGR between 2015 and 2021. Among the two regions,
the Latin America market accounts for the largest share in the lager
beer segment.
The
presence of religious restrictions of the Islamic sect and
consequently rigid restrictions and laws has led the Middle East beer
market to be dominated by non-alcoholic beer. In 2014, Egypt and the
UAE collectively held a share of 40.62% in the Middle East beer
market. The consumption of alcoholic beer is comparatively less in
most Middle Eastern countries. On the flip side, there are no such
restrictions in Latin America, which thus has a larger consumer base
for alcoholic beer if compared to non-alcoholic beer. The growing
awareness regarding the health benefits of consuming beer, along with
the suitable climatic conditions in the region, has fueled the Latin
America beer market. Presently, Brazil leads the market, holding a
share of 60.2% in the Latin America beer market.
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