Beer is now the most popular alcoholic beverage and one of the most widely consumed liquids on the planet. According to Technavio’s most recent industry study, the global beer market is anticipated to expand by $97.1 billion between 2020 and 2024.
In today’s beer sector, change is a vital characteristic. The target audience has changed, and the beer companies must adapt. Millennials, a major demographic, are curious in where, why, and how their beer is made. A flood of new beer brands has entered the arena, while established firms have created a wide range of new items. The competition is, unsurprisingly, strong.
As mentioned in the previous blog about the best-ranking beer brands on a global scale, we will continue with the last 5 names in the list of the 10 top common beer corporations recorded so far in the F&B sector.
Top 10 Outstanding Beer Companies On Global Scales (Continue)
Anheuser-Busch InBev, located in Belgium, has outperformed its competitors in terms of growth, and as a result, it now leads the worldwide beer industry, making it one of the world’s largest beer businesses.
Although sales of its major beer brands, Bud Light and Budweiser, continue to fall, AB InBev’s recent acquisition of SABMiller, along with previous rights to Corona and Stella Artois, has increased its worldwide worth. The brewer distributes its 500 beer brands through a vast network of over 600 independent company-owned distributors and wholesalers across the country.
Despite expectations that the worldwide and American beer markets would continue to lose ground to spirits, wine, and marijuana, the larger beer producers have announced surprisingly robust growth and profitability in 2021.
Carlsberg, launched in 1847 by J.C. Jacobsen, is among the world’s major multinational brewing groups, having a diverse portfolio of beer and other beverage brands. Despite an extremely competitive beer market, Carlsberg has achieved consistent but moderate growth in sales and profitability throughout the 1990s. In March 2016, the Carlsberg Group unveiled its new strategy, SAIL’22, to chart a new course for the company, with a strong emphasis on its core beer sector and unique areas for future growth.
Carlsberg Group, which was formerly a huge beer brand with a tiny corporate footprint, has grown to become the world’s fourth-largest beer corporation in the last two decades by purchasing other minor beer companies such as Kronenbourg. The business presently owns and runs 140 beer brands throughout the world.
Beijing Yanjing Beer Collection, a China-based beer firm, began as Yanjing Brewery before merging into a state-categorized group of enterprises recognized for high-quality beer goods. Beijing Yanjing Beer is the fourth most popular beer brand in China and one of the world’s largest beer firms.
Under the names Liquan, Huiguan, Yanjing, and Xuelu, the firm offers its diverse product portfolio, which includes beer, distilled wine, feed, materials, yeast, plastic boxes, and mineral water. Yanjing primarily serves the local market, with a focus on South and North China.
China Resources Snow Breweries
China Resources’ beer business, headquartered in Hong Kong, is best known for its “Snow” beverage, which accounts for around 20% of the Chinese beer market. Snow, one of its trademark beer brands, is currently one of the world’s best-selling beers. Despite dominating the local beer industry, China Resources’ beer range is poorly known outside of China. It operated 98 breweries in 25 provinces, governed towns, and autonomous areas in Mainland China as of 2017, with an annual production capacity of more than 20 million kiloliters.
Till present time, this business is on the top of the most common beer corporations in China. The brand has succeeded in forming a community of loyal customers who frequently consume their beer products.
Kirin, located in Japan, is one of the world’s major beverage makers, and its subsidiary Kirin Brewery Company is one of the world’s top beer brands. The firm owns Kirin Europe, Kirin Brewery of America, the Philippine-based San Miguel Brewery, and other subsidiaries, as well as Myanmar Brewery Limited and Asia Pacific Breweries.
In Japan, the company’s Ichiban Shibori and Kirin Lager breweries are prominent with many people, and its Kirin Tanrei low-malt beer is renowned with low-alcoholic beer drinkers.