Malt Beverages Market Increasing at A Phenomenal Pace to Reach USD 36.2 Billion by 2028

Global Malt Beverage Market Share With CAGR of around 3.8% by 2028

Some of key players in sports nutrition market are Nestle, Mondelez International, Van Pur S.A., RateBeer, LLC., Harboe, the Three Horseshoes, GranMalt AG, Cody’s, United Brands Company, Inc., Malt Company (India) Pvt Ltd., Barbican, Monarch Custom Beverages, Danish Royal Unibrew Group, PureMalt, among others.  These players are set to bolster the development of global malt beverages market.

According to analysts at Zion Market Research, the global malt beverages market accounted for USD 12.3 Billion in 2020 and is expected to reach USD 36.2 Billion by 2028, growing at a CAGR of more than 3.8% from 2021 to 2028.

This review is based on a report by Zion Market Research, titled “Global Malt Beverage Market by Application (Alcoholic and Non-alcoholic), by Type (Flavored and Unflavored): Global Industry Perspective, Comprehensive Analysis and Forecast, 2020 – 2028.”

Consumer preference towards flavoured and organic drinks To Spur Growth

The malt beverages market is expected to witness significant growth within the forecast period on account of increasing demand for flavoured and organic drinks among users’ group. In addition, increasing health awareness coupled with increasing number of health clubs and fitness centres is also expected to boost this market within the forecast period. Apart from this, rapid urbanization, increasing disposable income augmented with increasingly purchasing power and choice in malt beverages with reference to health benefits associated with it as healthy drinks s as a part of diet are also expected to boost the growth in malt beverages market.

Also, Due to a safer alternative than other alcoholic beverages, malt beverage in gaining significant demand. Easy availability of flavoured malted beverages in retail shops, supermarket/ hypermarket, and online stores is another key factor to drive the demand for malt beverages market.

Presence of Big Players in The Region Support North America Dominance

North America is expected to account for the largest market for malt beverages. It has accounted for more than 35% market share for malt beverages in 2020. The growth in this region is majorly supported by benefits from high incomes, presence of high brands, developed taste of consumers and high infrastructure.

Asia-Pacific is the fastest growing market for malt beverages market within the forecast period fuelled by an increase in disposable incomes coupled with rapidly changing lifestyles. The Asia Pacific region is projected to grow at a high CAGR percenctage over the forecast period. This surge is due to the increasing adoption of flavored drinks in the region. Additionally, adoption and increasing preference for organic drinks is expected to open new avenues for the malt beverage market over the coming years. Latin America and Rest of the regions are expected to witness a healthy growth in this market within the forecast period.

Browse the full “Global Malt Beverage Market By Application (Alcoholic And Non-Alcoholic), By Type (Flavored And Unflavored): Global Industry Perspective, Comprehensive Analysis And Forecast, 2020 – 2028.” Report at https://www.zionmarketresearch.com/report/bottled-water-processing-market

The Malt Beverages market is segmented as follows:

By Application

• Alcoholic
• Non-alcoholic

By Type

• Flavored
• Unflavored

By Region

• North America
  • The U.S.
  • Canada
• Europe
  • France
  • The UK
  • Spain
  • Germany
  • Italy
  • Rest of Europe
• Asia Pacific
  • China
  • Japan
  • India
  • South Korea
  • Southeast Asia
  • Rest of Asia Pacific
• Latin America
  • Brazil
  • Mexico
  • Rest of Latin America
• Middle East & Africa
  • GCC
  • South Africa
  • Rest of Middle East & Africa

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