According to a new
market report published by Transparency Market Research “Beer
Market - Latin America and Middle-East Industry Analysis, Size,
Share, Growth, Trends and Forecast, 2015 - 2021,” The Latin America
beer market was valued at USD 57,091.6 million in 2014, which is
expected to reach USD 77,137.4 million by 2021, growing at a CAGR of
4.4% from 2015 to 2021. However, The Middle-East beer market was
valued at USD 3,585.5 million in 2014, which is expected to reach USD
4,861.6 million by 2021, growing at a CAGR of 4.3% from 2015 to
2021.In terms of volume, the Latin America and Middle-East for beer
was valued at 20,191.6 million liter and 1,044.3 million liter in
2014 and is expected 24,847.9 million liter and 1,209.4 million liter
by 2021, growing at a CAGR of 3.1% and 2.1% from 2015 to 2021
respectively.
Browse the full Beer
Market Report at
http://www.transparencymarketresearch.com/latin-america-middle-east-beer-market.html
latin-america-middle-east-beer-market
Beer is the most
widely consumed beverage and is the third most consumed beverage
after tea and water. The health benefits of consuming beer are the
most important factor fuelling the demand in the Latin America and
Middle-East beer market. Due to this reason consumers are shifting
their demand towards beer to reduce the health issues. The
ingredients that are used in the preparation of beer are water,
brewer’s yeast, malted barley or wheat and for flavoring hops are
added. Increasing awareness of health among consumers, increasing
disposable income along with rapid urbanization are the factors
driving the demand for this market. The market share for beer is
expected to increase during the forecast period. Introduction of
organic beer offer better opportunity in the beer market.
Bitter taste of the
beer is one of the factors restraining the growth of beer market.
Lager has the largest market share in the beer market and is expected
to increase during the forecast period. However, after lager,
non-alcoholic beer has the largest market share in terms of revenue
and is expected to increase during the forecast period. Due to strict
rules and regulations in some parts of Middle-East, alcoholic
beverage is strictly prohibited and the demand for non-alcoholic
beverage has increased. The manufacturers of beer are introducing
organic beers and flavored beers aiming to explore the untapped
region of Latin America and Middle-East region to increase the demand
for beer.
Latin America is
expected to remain the market leader over the forecast period because
of the growing health concern among the consumers and the widespread
awareness of health among the consumers. Due to stringent rules and
regulations Middle-East beer market is expected to have less market
share compared to Latin America.
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Press Release Report :
http://www.transparencymarketresearch.com/pressrelease/latin-america-middle-east-beer-market.htm
Lager segment in
Latin America and Middle-East accounted for the largest revenue share
in 2014. The lager market in Latin America and Middle-East is growing
at a CAGR of 4.4% and 3.5% respectively during the forecast period of
2015 to 2021. Latin America is the largest market for lager beer.
Major industry
participants include Carlsberg Group, Heineken N.V, Ambev S.A,
Anheuser-Busch InBev, SABMiller Plc among others. The report studies
the Latin America and Middle-East beer market, and provides estimates
in terms of revenue (USD million) and volume (million liters) from
2015 to 2021. Market estimates on the basis of product type have also
been provided for each region.
The market has been
segmented as follows:
Beer Market, by
Product
Dark beer
Lager beer
Non-Alcoholic beer
Stout beer
Beer Market, by
geography:
Latin America
Middle-East
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