North America Beer Market is Set for Strong Growth and Reach Around US$ 142 Billion by 2025
Sheridan, Wyoming, USA, March 06, 2020 (Wired Release) IMARC Group According to the latest report by IMARC Group, titled North America Beer Market: Global Industry Trends, Share, Size, Growth, Opportunity and Forecast 2020-2025, the North America Beer Market size reached US$ 124 Billion in 2019.
Beer represents one of the most popular alcoholic beverages that is made from malted cereal grain, flavored with hops and finally brewed by slow fermentation. It generally comprises 3% to 40% alcohol by volume (ABV), which varies depending on the style and recipe of the formulation. If consumed in moderation, it offers health benefits, such as reducing the risk of atherosclerosis, angina, stroke and heart attack.
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Beer can be easily consumed without dilution or addition of any flavoring substances. As a result, it supports the on-the-go lifestyles of the consumers in the North American region. Moreover, there is a rise in the demand for craft beer in the region as it is handcrafted and infused with native flavors by local microbreweries. Apart from this, owing to the increased health consciousness among individuals, consumer preferences are shifting towards light beer as it has low calories with limited alcohol content. This is expected to propel the market growth in the coming years.
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North America Beer MarketKey Regions AnalysedUnited StatesCanadaMexicoAnalysis for Each CountryMarket by Product TypeStandard LagerPremium LagerSpecialty BeerOthersMarket by PackagingGlassPET BottleMetal CanOthersMarket by ProductionMacro-BreweryMicro-BreweryOthersMarket by Alcohol ContentHighLowAlcohol FreeMarket by FlavourUnflavouredFlavouredMarket by Distribution ChannelSupermarkets and HypermarketsOn-TradesSpecialty StoresConvenience StoresOthersValue Chain AnalysisKey Drivers and ChallengesPorters Five Forces AnalysisPESTEL AnalysisGovernment RegulationsCompetitive LandscapeCompetitive StructureKey Player Profiles
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