The report forecasts the global beer market to grow at a CAGR of 2.4% by revenue during the period 2016-2020.
The report has been prepared based on an in-depth market analysis with inputs from industry experts. The report covers the market landscape and its growth prospects over the coming years. The report also includes a discussion of the key vendors operating in this market.
A key trend influencing and boosting market growth is the introduction of new flavors by vendors. Vendors are coming up with new and innovative flavors for beers such as chocolate, blueberry, Brussel sprout, lemon, and various other flavors. In the US, nearly 27% of the new beer products launched in 2015 were new flavored beer products. Flavored beer is more popular among female consumers in the age group of 22-34 years as nearly 39% of consumers of flavored beer belonged to this category.
According to the report, a key growth driver is innovative product launches. The launch of new and innovative products by vendors to stay competitive in the market is one of the important drivers contributing to the growth of the global beer market. Every business needs to innovate to stay ahead of the competition. The needs of consumers change continuously and vendors should respond to these changes by innovating their product offerings and services.
Further, the report states that one challenge that could interfere with market growth is regulations on alcohol advertising.
- Anheuser-Busch InBev
- Carlsberg Group
Key Topics Covered:
PART 01: Executive summary
PART 02: Scope of the report
PART 03: Market research methodology
PART 04: Introduction
PART 05: Market landscape
PART 06: Market segmentation by product
PART 07: Market segmentation by distribution channel
PART 08: Geographical segmentation
PART 09: Key leading countries
PART 10: Market drivers
PART 11: Impact of drivers
PART 12: Market challenges
PART 13: Impact of drivers and challenges
PART 14: Market trends
PART 15: Vendor landscape
For more information visit http://www.researchandmarkets.com/research/s84rh3/global_beer
Research and Markets
Laura Wood, Senior Manager
For E.S.T Office Hours Call +1-917-300-0470
For U.S./CAN Toll Free Call +1-800-526-8630
For GMT Office Hours Call +353-1-416-8900
U.S. Fax: 646-607-1907
Fax (outside U.S.): +353-1-481-1716
To view the original version on PR Newswire, visit:http://www.prnewswire.com/news-releases/global-beer-market-to-grow-24-by-2020---regulations-on-alcohol-advertising-a-key-challenge---research-and-markets-300294118.html
SOURCE Research and Markets