It’s easy to understand the attraction of the Asia Pacific beer market to global brewers – and to others as well. It’s expected to grow at a CAGR of 8.8% from 2016 through 2022, according to a new study from Research & Markets. Based on categories, the beer market is classified into light beer and strong beer. The strong beer market holds larger market share in terms of value.
The overall light beer market is fading out due to changing preferences of consumers towards wine and other alcoholic beverages. Light beer market would grow at CAGR of 7.5% during 2016-2022. Strong beer market would grow at a CAGR of 9.5% during the forecast period.
The canned beer market segment is expected to grow at a CAGR of 9.4% during the forecast period 2016-2022. The draught beer market would witness steady progress and would grow at a CAGR of 6.6% during 2016-2022. The segment is expected to generate revenue of $29.4 billion by 2022