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Global Beer Market Expected to Garner $688.4 billion by 2020

By June 30, 2015Top News

beerAccording to a new report by Allied Market Research issued in June 2015, the global beer market is expected to garner $688.4 billion by 2020, registering a compound annual growth rate of 6% over the forecast period, 2015-2020. Significantly increased consumption in developing regions is largely fuelling the market growth. The report covered light and strong beer types, with strong beer holding a major market share. The largest consumption of strong beer is observed in the Asia Pacific region, particularly India. Rapid growth is expected for the market for strong beer over the forecast period, accounting for a market value of $463.9 billion by 2020. The global increase in the number of female drinkers has considerably supplemented the growth of the beer market.

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