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Premium Lager Market Research 2020-2025 Report by Share, Trend, Global Industry Size, Price, Future Analysis

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Rahul Sharma
Premium Lager Market Research 2020-2025 Report by Share, Trend, Global Industry Size, Price, Future Analysis

Premium Lager Market size was worth USD 161.1 billion, in 2018. It is expected to grow with a CAGR of 4.5% during 2019 to 2025. The market is expected to gain traction owing to rising demand among consumers for larger beer with its smooth taste when compared to conventional beer available in the market.

 

Health-related problems such as diabetics, prevention of minor fractures, blood pressure and fungal infection can be dealt with the consumption of premium lager products. Further, other factors like rise in disposable income, urbanization and increasing customer inclination towards the consumption of alcohol-based beverages are projected to accelerate the market in developing nations like China and India are.

 

Request a Sample PDF Copy of This Report @ https://www.millioninsights.com/industry-reports/global-premium-lager-market/request-sample

 

The key driving factors responsible for the growth of Premium Lager market :

 

Moreover, trends of adopting western culture like alcohol consumption in office parties can be a significant factor propelling the premium lager market. New market opportunities are expected from the tremendous shift of rural population towards urban areas in the developed countries mentioned above along with their adoption to western culture.

 

Supportive policies of government are predicted to play major role in determining the industry trends. Recently, various agencies such as the U.S. TTB (Alcohol and Tobacco Tax and Trade Bureau),and the U.S. EPA (Environmental Protection Agency) have been incorporating strict norms on emissions and packaging related to the manufacturing of beer. Moreover, other norms include legal issues related to age limit, consumption and sale of alcohol are projected to negatively affect the demand-supply over the forecast period.

 

Product Insights

In 2018, traditional premium beer held the largest share with 54.6%s. It is manufactured by breaking down in a relatively low temperature of 45 to 60-degree Fahrenheit. The low price of raw materials along with easy procurement of these beers, easy preparations facilitate a satisfactory return on investment for the producers.

 

The growth accounts for the existing consumption of regular beers in European countries like the U.K., France, and Germany. Moreover, increasing consciousness pertaining to health benefits of beer like faster recovery from injury and pain, better kidney health, and prevention of type 2 diabetes is predicted to boost the demand of regular premium lager.

 

Craft premium lager beer is projected to grow with a CAGR of 4.8% in the forecasted period. Beers manufactured in craft brewing facilitate an original taste is attributed to attract customer desires. Canada, U.S., U.K., and Germany are the leading consumers of lager products. Daily drinking of beer to prevent anxiety and work stress is preferred by the population of these countries. The producers are concentrating on the development of new flavors and types with added health benefits from having this type of beer.

 

Distribution Channel Insights

The premium lager are procured through on-trade channels like restaurants, hotels, bars, and clubs. The on-trade division accounts for the highest share of 65.0% as a result of an increase in resto-bars in big economies. Furthermore, the pure taste of beer or good ambiance of clubs attracts more customers. New players like B-Dubs, an international sports bar like Buffalo Wild Wings, Inc., are entering with new alcoholic products for India. These are some of the key factors driving the market growth.

 

View Full Table of Contents of This Report @ https://www.millioninsights.com/industry-reports/global-premium-lager-market

 

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Rahul Sharma
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