Asia Pacific Beer Market to Exhibit 5.0% Cagr During 2014-2020 Due to Growing Demand from China

Transparency Market

Research

Asia Pacific Beer Market - Industry Analysis, Size, Share, Growth, Trends

and Forecast, 2014 – 2020

Published Date

21-07-2014

62 Page Report

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Press Release

Asia Pacific Beer Market to Exhibit 5.0% CAGR during 2014-2020 due to

Growing Demand from China

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Asia Pacific Beer Market

REPORT DESCRIPTION

According to a recent market research report published by Transparency Market Research, the Asia Pacific

beer market is estimated to expand at a CAGR of 5.0% during the period between 2014 and 2020. The

report, titled “Asia Pacific Beer Market - Industry Analysis, Size, Share, Growth, Trends and Forecast, 2014 2020,” projects the Asia Pacific beer market to stand at a valuation of US$220.36 bn by 2020. The market

was worth US$155.93 bn in 2013.

Beer is one of the most widely consumed and oldest alcoholic beverages in the world. Recent

archaeological excavations in China have revealed a 5,000-year old brewery, pointing out the historical

consumption of beer in Asia Pacific. The growing demand for innovative flavored beer and crafted beer has

boosted the growth of the beer market in Asia Pacific.

The report points out that a rise in disposable incomes, the impact of Western culture, and increase in beer

consuming working class consumers have propelled the growth of the Asia Pacific beer market. An increase

in the number of convenience stores, liquor shops, retail stores, malls, restaurants, and bars has also

supported the growth of the market. However, government regulations regarding alcohol consumption

threaten to impede the regional market’s growth during the forecast period. Furthermore, consumers are

also becoming aware of the negative effects of regular alcohol consumption. The APAC market has a...