Europe Beer Market is expected to reach USD 160.99 billion by 2021

Europe Beer Market is expected to reach USD 160.99 billion by 2021

  • Submitted By: amyjames
  • Date Submitted: 03/23/2016 2:04 AM
  • Category: Business
  • Words: 1184
  • Page: 5

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Beer Market - Europe Industry Analysis, Size, Share,
Growth, Trends and Forecast 2015 - 2021

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Press Release

Europe Beer Market in terms of revenue and volume is Expected
to Reach USD 160.99 Billion and 27.83 Billion liters respectively
in 2021

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Beer Market


The beer industry has majorly been a local industry, with only a few companies having a substantial
international presence. The development of the beer industry started off in Western Europe and later
spread in Eastern Europe as well. However, the consumption pattern is witnessed to be high in Eastern
Europe as the region covers the growing markets of Ukraine and Russia and several other emerging beer
markets and therefore, the growth rate in this region seems optimistic. On the other hand, Northern and
Western Europe consist of mature markets, thereby limiting the growth rate in these regions. Beer
consumption in Europe is high with beer being the most preferred alcoholic beverage in the region.
Moreover, beer offers several health benefits, such as it keeps the kidney healthy, lowers cholesterol, and
cures insomnia.
Europe is one of the major markets for beer globally. Increasing preference of consumers for beer as an
alcoholic beverage is one of the major factors boosting the demand for beer in Europe. All the major
brewing companies operating in the beer market hail from Europe. Western and Northern Europe with high
market penetration is expected to have stable growth throughout the forecast period. Ukraine and Russia
are the major countries fueling the demand for beer in Eastern Europe. Owing to this factor, the
manufacturers are trying to capture maximum market share...

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