Global Beer Industry
One of the major industry within the alcoholic beverage sector is the beer industry. Standard lager represents the leading market segment, accounting for more than 55% of the overall market. The market is characterized by fragmentation. The three leading companies hold a combined market share in excess of 40% in terms of volume.
Global Industry Analysts predicts the world beer market will see growth lead by emerging nations like Latin America, Middle East and Asia-Pacific. Market expansion will be fuelled by rising disposable income, the spread of Western influence on lifestyles worldwide and economic growth. Beer is the world’s number-one alcoholic beverage, with consumption suitable for various occasions at home, in restaurants, bars and clubs.
Beer remains a versatile product, with the launch of a wide range of new flavors boosting the drink’s popularity. Consumption is also being fuelled by a trend toward drinking beer with meals. Widespread health concerns among consumers is also encouraging a trend toward beer, which usually has less than 5% alcohol content, rather than other higher alcohol content beverages.
Beer Industry Leaders
Anheuser-Busch InBev remains the global leader in the beer market, with over 20% market share in terms of volume, according to MarketLine.
Beer & Brewing Regional Market Share
Brazil, Russia,India and China (BRIC) are recording the highest rate of market growth within the global beer industry. India leads the group in terms of growth. Chinaleads the group in terms of revenue. China is forecast to remain at the top of the BRIC countries.
Indian beer consumers are opting for beer due to rising income levels in the country. Microbreweries have sprung up to cater to this increased demand in Pune, Bangalore and Gurgaon. As tax on imported beer rises, microbreweries are proving the more cost-effective option to meet domestic demand for beer in India.
In Asia-Pacific’s beer industry, standard lager represents the leading market segment with 75% of the overall market.
The US leads these nations, accounting for more than 30% of the overall market. The US beer industry is expected to remain in the top spot of the G8 nations.