Europe: Beer market projected to reach $159,687 mln by 2025
According to a new report published by Allied Market Research, titled “Europe Beer Market by Type, Category, Packaging and Production: Opportunity Analysis and Industry Forecast, 2018 – 2025“, the Europe beer market was valued at $138,649 million in 2017, and is projected to reach $159,687 million by 2025, registering a CAGR of 1.8% from 2018 to 2025.
Based on type, the lager segment was the highest contributor to the Europe beer market that accounted for about 44% of the total market share and is projected to witness the highest CAGR in terms of revenue during the forecast period.
UK is expected to be the dominant shareholder of beer market in Europe 2025, due to affluent demand for beer and its variants.
Based on packaging, the glass segment occupied the highest market with more than half the Europe beer market share in 2018, and is expected to grow at a decent CAGR of 1.5% during the forecast period.
Based on pricing type, the premium segment is expected to lead in terms of demand for beer with a lucrative CAGR of 1.8% in the forecast period.
By production, micro-breweries are anticipated to be the highest growing segment in the Europe beer market at a lucrative CAGR of 1.9% from 2018 to 2025.
In 2018, Germany and the UK collectively accounted for more than one-third of the Europe beer market share, registering a lucrative CAGR and are anticipated to retain their position in the market in 2025. This is attributed to the significant growth of micro-breweries in these regions.
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