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Beer Market in Middle East Restrained by Religious and Government Limitations; to Register 4.3% CAGR from 2015-2021: Transparency Market Research
Transparency Market Research (TMR) has announced the addition of the new report, titled “Beer Market - Latin America and Middle-East Industry Analysis, Size, Share, Growth, Trends and Forecast 2015 - 2021”.
Published 09 September 2015
Transparency Market Research announces the release of a new research report titled “Beer Market - Latin America and Middle-East Industry Analysis, Size, Share, Growth, Trends and Forecast 2015 - 2021”. According to the report, the Latin America beer market is poised to grow from a value of US$57,091.6 million in 2014 to US$77,137.4 million by 2021, registering a 4.4% CAGR from 2015 to 2021. In terms of volume, the Latin America beer market stands to grow from 20,191.6 million liters in 2014 to 24,847.9 million liters by 2021 at a 3.1% CAGR during the period. In 2014, the Middle East beer market was estimated to be US$3,585.5 million, which is projected to grow to US$4,861.6 million by 2021, exhibiting a 4.3% CAGR over the forecast period. In terms of volume, the Middle East beer market is expected to rise from 1,044.3 million liters to 1,209.4 million liters by 2021, at a 2.1% CAGR from 2015 to 2021.
On the basis of product, the beer market is divided into lager beer, dark beer, stout beer, and non-alcoholic beer. Lager holds the largest share of the beer market in terms of revenue. In Latin America, the lager beer segment is projected to develop at a 4.4% CAGR from 2015 to 2021, while the segment is anticipated to register a 3.5% CAGR in the Middle East during the forecast period. Between Latin America and the Middle East, the former holds a larger chunk of the lager beer market.
The two main markets under review in the beer market report are the Middle East and Latin America. The Middle Eastern beer market comprises UAE, Israel, Egypt, Saudi Arabia, and others. Given the presence of strict regulations and government laws and the religious restrictions of the Islamic world, the Middle East is a significant market for non-alcoholic beer. UAE and Egypt together accounted for a 40.62% share of the non-alcoholic beer market in 2014 owing to the prohibition of alcohol in most places. However, alcoholic beer does have a small consumer base in these countries.Latin America, on the other hand, is bound by no such prohibitory rules and therefore, has a larger consumer base for alcoholic beer over non-alcoholic ones. Rising awareness about the health benefits of beer, coupled by suitable climate conditions, makes Latin America a growing market for beer. Brazil is by far the largest beer market in the region and held a 60.2% share of the Latin America beer market.
The leading players operating in the Latin America and Middle East beer market include SABMiller Plc., Heineken N.V, Carlsberg Group, AmBev S.A., and Anheuser-Busch InBev. These players are profiled in the beer market report on the basis of attributes such as company overview, recent developments, financial standing, product portfolio, business strategies, weaknesses, strengths, threats, and opportunities.
Browse the full Beer Market - Latin America and Middle-East Industry Analysis, Size, Share, Growth, Trends and Forecast 2015 - 2021 report at http://www.transparencymarketresearch.com/latin-america-middle-east-beer-market.html
Beer Market, by Product
- Dark beer
- Lager beer
- Non-alcoholic beer
- Stout beer
Beer Market, by Geography:
- Latin America
- Middle East
About Us
Transparency Market Research (TMR) is a global market intelligence company providing business information reports and services. The company’s exclusive blend of quantitative forecasting and trend analysis provides forward-looking insight for thousands of decision makers. TMR’s experienced team of analysts, researchers, and consultants use proprietary data sources and various tools and techniques to gather and analyze information.
TMR’s data repository is continuously updated and revised by a team of research experts so that it always reflects the latest trends and information. With extensive research and analysis capabilities, Transparency Market Research employs rigorous primary and secondary research techniques to develop distinctive data sets and research material for business reports.
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