Asia Pacific Draught Beer Market Size & Outlook, 2023-2030
Asia Pacific draught beer market, 2018-2030 (US$M)
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Asia Pacific draught beer market highlights
- The Asia Pacific draught beer market generated a revenue of USD 8,608.2 million in 2023.
- The market is expected to grow at a CAGR of 7.1% from 2024 to 2030.
- In terms of segment, keg beer was the largest revenue generating type in 2023.
- Keg Beer is the most lucrative type segment registering the fastest growth during the forecast period.
- Country-wise, India is expected to register the highest CAGR from 2024 to 2030.
Asia Pacific data book summary
| Market revenue in 2023 | USD 8,608.2 million |
| Market revenue in 2030 | USD 13,892.9 million |
| Growth rate | 7.1% (CAGR from 2023 to 2030) |
| Largest segment | Keg beer |
| Fastest growing segment | Keg Beer |
| Historical data covered | 2018 - 2022 |
| Base year for estimation | 2023 |
| Forecast period covered | 2024 - 2030 |
| Quantitative units | Revenue in USD million |
| Market segmentation | Keg Beer, Cask Beer |
| Key market players worldwide | Heineken NV, Anadolu Efes Biracilik ve Malt Sanayi AS ADR, Molson Coors Beverage Co Class A, China Resources Beer (Holdings) Co Ltd, Carlsberg A/S Class B, Kirin Holdings Co Ltd |
Other key industry trends
- In terms of revenue, Asia Pacific region accounted for 20.8% of the global draught beer market in 2023.
- Globally, Europe is projected to lead the regional market in terms of revenue in 2030.
- Asia Pacific is the fastest growing regional market and is projected to reach USD 13,892.9 million by 2030.
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Draught Beer Market Scope
Draught Beer Market Companies
| Name | Profile | # Employees | HQ | Website |
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Asia Pacific draught beer market outlook
The databook is designed to serve as a comprehensive guide to navigating this sector. The databook focuses on market statistics denoted in the form of revenue and y-o-y growth and CAGR across the globe and regions. A detailed competitive and opportunity analyses related to draught beer market will help companies and investors design strategic landscapes.
Keg beer was the largest segment with a revenue share of 70.29% in 2023. Horizon Databook has segmented the Asia Pacific draught beer market based on keg beer, cask beer covering the revenue growth of each sub-segment from 2018 to 2030.
There has been a growing influence of Western culture and lifestyle trends across Asia Pacific, including the consumption of beer and other alcoholic beverages. While traditional beer markets in Asia Pacific have been dominated by mass-produced lagers, there is a growing demand for craft beer and specialty brews, including draft varieties. This diversification of the beer market appeals to consumers who seek unique and flavorful beer options beyond mainstream offerings.
Beer companies and beverage distributors are employing innovative marketing strategies to promote draft beer and attract consumers. Global beer brands are expanding their footprint in Asia Pacific by establishing new macro brewing facilities. In October 2022, Budweiser APAC inaugurated a new brewery in Putian, China, dedicated to crafting high-quality beers to bolster economic development and address the evolving demands of consumers in the region.
This facility stands as one of Budweiser's largest craft breweries in the Asia Pacific region and marks the debut of craft brewing in the Fujian province. It serves as the production hub for acclaimed craft beer brands like Goose Island and Boxing Cat and introduces a new locally-inspired label named 059 Coastline Craft.
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Our clientele includes a mix of draught beer market companies, investment firms, advisory firms & academic institutions.
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Approximately 65% of our revenue is generated working with competitive intelligence & market intelligence teams of market participants (manufacturers, service providers, etc.).
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Horizon Databook provides a detailed overview of continent-level data and insights on the Asia Pacific draught beer market , including forecasts for subscribers. This continent databook contains high-level insights into Asia Pacific draught beer market from 2018 to 2030, including revenue numbers, major trends, and company profiles.
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Asia Pacific draught beer market size, by country, 2018-2030 (US$M)
Asia Pacific Draught Beer Market Outlook Share, 2023 & 2030 (US$M)
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