ALBANY, N.Y.--(BUSINESS WIRE)--A new market research report published by Transparency Market Research, titled ‘Beer Market - Latin America and Middle-East Industry Analysis, Size, Share, Growth, Trends and Forecast 2015 - 2021’, analyzes the various key factors that influence the beer market in the Middle East and Latin America.
According to the study report, the beer market in Latin America is expected to grow from a market value of US$57 bn in 2014 and reach a market value of US$77.1 bn by 2021. During the forecast period therein, the market is expected to exhibit a 4.40% CAGR. In terms of volume, the market stands to grow from 20,191.6 mn liters in 2014 to 24,847.9 mn liters by 2021, displaying an impressive CAGR of 3.10% between 2015 and 2021. The rise in the number of middle-class consumers who can afford beer is beneficial for the Latin America beer market.
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Similarly, the Middle East beer market is estimated to grow from US$3.5 bn in 2014 to reach US$4.8 bn by 2021, exhibiting a CAGR of 4.30% over the forecast period. By volume, the market will rise from 1,044.3 mn liters to 1,209.4 mn liters by 2021, displaying a CAGR of 2.10% between 2015 and 2021. However, growth of the beer market in the Middle East is restrained due to the strict regulations, government laws, and religious restrictions of the Islamic world.
By product type, the beer market is divided into dark beer, stout beer, lager beer, and non-alcoholic beer. In Latin America, the lager beer segment is estimated to display a CAGR of 4.40% from 2015 to 2021 and in the Middle East it will exhibit a CAGR of 3.50% during the forecast period.
Browse Related Reports:
- Global Beer Market: http://www.transparencymarketresearch.com/beer-market.html
- Asia Pacific Beer Market: http://www.transparencymarketresearch.com/asia-pacific-beer-market.html
- Europe Beer Market: http://www.transparencymarketresearch.com/europe-beer-market.html
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Transparency Market Research (TMR) is a U.S.-based market intelligence company driven by high-pedigree consultants and researchers. TMR leverages its Syndicated Research, Custom Research, and Market Consulting expertise to help businesses make accurate decisions. TMR’s exclusive blend of quantitative forecasting and trends analysis draws on proprietary data sources and techniques, while their data repository is continuously updated to reflect the latest trends.
