APAC beer market to hit US$220.36 billion by 2020

THE Asia-Pacific beer market will expand at a CAGR of 5% from 2014 to 2020. A new report from Transparency Market Research titled “Asia Pacific Beer Market - Industry Analysis, Size, Share, Growth, Trends and Forecast, 2014–2020” forecasts sales in the region will hit US$220.36 billion by 2020 from US$155.93 billion in 2013.

The premium beer sector will grow at 4.6% CAGR from 2014 to 2020. In 2013, the mainstream beer led the overall market with a 33.5% share. Viet Nam, India, Australia, and Singapore are emerging markets in APAC’s beer industry, which also covers South Korea, China, Japan, and other countries. A rising population enabled China to dominate the market in 2013. In terms of market share, Japan followed next owed to relaxed regulations as far as the functioning of breweries is concerned.

The industry remains consolidated, with the top five regional players enjoying 51% of overall share.

Tsingtao Brewery, Beijing Yanjing Brewery, Anheuser-Busch InBev, San Miguel Brewery, Kirin Holdings, China Resources Enterprise and Asahi Breweries are profiled in this report.