Asia Pacific Beer Market – Size, Outlook, Trends and Forecast (2024

Asia Pacific Beer Market - Size

Study Period

2018 - 2030

Base Year For Estimation

2023

Forecast Data Period

2024-2030

Historical Data Period

2018-2021

CAGR

7 %

Source: Envision Intelligence Analysis & Experts Insights.

*Graph shown for illustrative purpose only, the final report will have the graph with actual data and data labels

Beer is generally prepared with four essential ingredients such as malted cereal grains, hops, water, yeast, and undergoes the method of fermentation over a certain amount of time. Additionally, flavoured ingredients, such as herbs and fruits, are also used in beer. There are various kinds of beers available within the market among that, Ale and lager are the two most commercially consumed beers. The significant difference between the lager and Ale is the temperature level when they are fermented. The Ale is brewed at extreme temperature (60°-80°F), whereas, lagers are brewed at a lower temperature (45°-60°F).

Asia Pacific Beer Market Size & Growth:

The Asia Pacific Beer Market was valued at $202.4 billion in 2017 and is projected to reach $XX billion by 2025, growing at a CAGR of 7.3% in the Asia Pacific during the forecast period

Asia Pacific Beer Market - Growth

Source: Envision Intelligence Analysis & Experts Insights.

*Graph shown for illustrative purpose only, the final report will have the graph with actual data and data labels

2019 to 2025.

Drivers that influencing beer market growth is a rise in disposable income and changing consumer preferences and also Increase in female drinkers in youth. Increase in many significant breweries also one of the significant drivers enhances the market growth.

On the flip side, high Price of gluten-free beer and huge taxes, high excise duties on imported and as well as on local beer are the restraints that hamper the growth of the beer market.

Developing of naturally sweetened, healthier alcoholic drinks and growing number of craft beer enthusiasts are the opportunities that enhance the growth of the market in future.

Asia Pacific Beer Market Share:

The significant factors that strive the growth of the market include the consumption of lager type compared to other types of beers. Also, the majority of the companies dealing in the beer market prefer manufacturing lager as it offers high returns on investment.

Local brand brewers are gradually recognising the popularity and profit of international brands and are switching to international beer varieties. Super-premium beers also witness rapid growth in the business and are anticipated to exhibit the highest growth rate during region have favoured

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Asia Pacific Beer Market - Porter's Five Force Analysis

Source: Envision Intelligence Analysis & Experts Insights.

*Graph shown for illustrative purpose only, the final report will have the graph with actual data and data labels

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