The Asia-Pacific fruit beer market is estimated to grow at a CAGR of 6.4% during the forecast period. A significant number of millennials and an increasing shift towards low alcohol beer are the pivotal factors contributing to market growth. Consumer behavior for alcohol consumption is changing in the region. Asia-Pacific consumers are shifting towards healthy liquor products with low alcohol content and better-quality healthier drinks. As a result, the beer manufacturers are innovating new beer products with a fair share of alcoholic beverages in the region. The countries with a reported trend of low-alcoholic beer include China, India, Australia, South Korea, and Singapore. Millennials are the major consumers of non-alcoholic drinks across the region.
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Young consumers prefer to buy different kinds of beer as they bore with similar varieties and this increasingly try craft beers. Consumers across Asian countries are creating a burden among local breweries to introduce several ale beers and expand production of their premium brands. Owing to the increasing demand for premium and low-alcohol beers, the foreign competitors are expanding their production of craft beer in the region. For instance, in December 2019, Carlsberg started its first craft beer production center in Anhui province in East China. It is a part of the company’s plan to further invest in China’s high-end beer market, as a sharp rise in the consumption of the beverage has been reported over the past few years. This will support Carlsberg to meet the demand for Chinese craft beer drinkers.
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- Market Coverage
- Market number available for – 2022-2028
- Base year- 2021
- Forecast period- 2022-2028
- Segment Covered- By Source, By Product Type, By Applications
- Competitive Landscape- Archer Daniels Midland Co., Ingredion Inc., Kerry Group Plc, Cargill Inc., and others
Asia-Pacific Fruit Beer Market-Segmentation
By Flavor
- Peach
- Raspberry
- Apricot
- Cherry
- Apple
- Blueberry
- Others
By Distribution Channel
- Online
- Offline
Asia-Pacific Fruit Beer Market– Segment by Country
- China
- Japan
- India
- Rest of Asia-Pacific
The Report covers:
- Comprehensive research methodology of the Asia-Pacific fruit beer market.
- This report also includes a detailed and extensive market overview with key analyst insights.
- Exhaustive analysis of macro and micro factors influencing the market guided by key recommendations.
- Analysis of regional regulations and other government policies impacting the Asia-Pacific fruit beer market.
- Insights about market determinants which are stimulating the Asia-Pacific fruit beer market.
- Detailed and extensive market segments with regional distribution of forecast revenues.
- Extensive profiles and recent developments of market players.
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