Global Beer Market, Size, Share, Market Intelligence, Company Profiles, Market Trends, Strategy, Analysis, Forecast 2018-2023
Global beer market is expected to grow at a CAGR of 7.4% during the forecast period (2018-2023). Beer is the most widely consumed alcoholic beverage across the globe. The beer market is growing significantly due to growing youth population and rising popularity of beer among them. Growing market for craft beer and availability of low alcohol beer are also motivating the market. Moreover, there are certain factors that are restraining the market such as availability of substitute products, increased age of alcohol consumption, heavy regulations and tax laws. However, a vast opportunity can be seen in future due to rising demand of beer from emerging economies such as India, China, Brazil and Korea. The introduction of flavoured and low alcohol beer is also attracting consumers from across the globe.