“The grain alcohol market is projected to grow at a CAGR of 4.1% during the forecast period.”
According to MarketsandMarkets, the global grain alcohol market size is estimated to be valued at USD 12.2 billion in 2021 and is projected to reach USD 14.9 billion by 2026, recording a CAGR of 4.1% during the forecast period. The increased consumption and production of alcoholic beverages is one of the key factors that is driving market growth.
“By source, the sugarcane segment is projected to dominate the market during the forecast period.”
Sugar is a natural carbohydrate found in all fruits & vegetables. Sugar cane and sugar beet plants are the most abundant sources of sucrose, which is fermented to produce alcohol. Molasses is the by-product in the sugarcane industry, obt......
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Belgium Beer and Cider Market Insights to 2026 - Market Overview, Category and Segment Analysis, Company Market Share, Distribution, Packaging and Consumer Insights
Summary
Belgium was severely impacted by the COVID-19 pandemic, causing the country's GDP to shrink by 6.3% in 2020. The beer & cider sector was among the worst hit by the crisis due to the enforcement of lockdown rules, which involved the closure of bars and restaurants and restrictions on social gatherings. These factors led to a double-digit decline in volume sales for the sector in 2020. The cancellation of sporting events and flights also adversely impacted beer and cider sales in the country.
Belgium Beer and Cider Market Insights to 2026 report provides a complete overview of the Belgium Beer and Cider industry struct......
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Japan Beer and Cider Market Insights to 2026 - Market Overview, Category and Segment Analysis, Company Market Share, Distribution, Packaging and Consumer Insights
Summary
The pandemic has sent shockwaves throughout the world and has brought great uncertainty to every country. According to GlobalData, Japan's economy contracted by 5.15% in 20201 due to the outbreak of COVID-19, which pushed the country into a recession. Japan is the world's third-largest economy and suffered its worst quarterly contraction during April-June since the second World War 2.
Even the strong economic growth achieved by the country in the second half of the year could not fully compensate for these losses in 2020. Even though the economy is predicted to recover fast, with reduced restrictions on movement and a......
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Denmark Beer and Cider Market Insights to 2026 - Market Overview, Category and Segment Analysis, Company Market Share, Distribution, Packaging and Consumer Insights
Summary
The health & wellness trend has gained ground in Denmark. As a result, an increasing number of consumers are trying to make healthier lifestyle choices by opting for healthier or "better-for-you" products. This has led to an increase in demand for low/no-alcohol beer as consumers are becoming increasingly health conscious. This shift towards alcohol-free drinks has gained traction among younger demographics, who are more conscious of how much they drink. Leading brands such as Heineken, Brooklyn, and Erdinger posted volume gains in 2020. Moreover, consumers are choosing healthy eating/drinking habits to minimize the r......
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Vietnam Beer and Cider Market Insights to 2026 - Market Overview, Category and Segment Analysis, Company Market Share, Distribution, Packaging and Consumer Insights
Summary
COVID-19 had an extremely strong impact on the beer market in Vietnam, driving heavy decline in the on-premise channel due the closure of outlets. In addition, outlets had to work around the restrictions on operating times and maximum capacity after reopening, which hindered recovery. Even though the off-premise channel partially offset declines in the on-premise channel, sector volumes declined at a double-digit rate. As vaccinations progress and restrictions ease, demand will recover at a rapid rate in the channel.
Vietnam Beer and Cider Market Insights to 2026 report provides a complete overview of the Vietnam Bee......
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South Korea Beer and Cider Market Insights to 2026 - Market Overview, Category and Segment Analysis, Company Market Share, Distribution, Packaging and Consumer Insights
Summary
According to the Bank of Korea, the country's GDP fell by 1% in 2020 year on year (YoY) due to the severe decline in economic activities as a result of the COVID-19 pandemic. This was the first annual reduction in the country since 1998, when it suffered a massive financial crisis.
A boycott of Japanese products within the country, due to a trade row that initiated in 2019, also affected the imported beer market sales in 2020.
Beer and cider recorded an overall decline in volume and value sales during 2020, led by the closure of on-premise channels and regulations to restrict mobility, in order to curb the impac......
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Spain Beer and Cider Market Insights to 2026 - Market Overview, Category and Segment Analysis, Company Market Share, Distribution, Packaging and Consumer Insights
Summary
The outbreak of COVID-19 in 2020 completely transformed Spanish consumers' purchase decision-making process. Social distancing rules and the closure of all on-premise outlets led to huge changes in the alcoholic beverages industry, greatly impacting certain categories. Alcoholic drinks, such as beer, were severely affected as a sizable share of consumption is generated through on-premise channels, which are responsible for most of the sales of breweries and cider producers.
Spain Beer and Cider Market Insights to 2026 report provides a complete overview of the Spain Beer and Cider industry structure offering a comprehe......
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Mexico Beer and Cider Market Insights to 2026 - Market Overview, Category and Segment Analysis, Company Market Share, Distribution, Packaging and Consumer Insights
Summary
The COVID-19 pandemic resulted in the closure of on-premise channels for many months during 2020. The closure of HoReCa outlets severely affected sales of beer & cider as volume declined by 29.9% YoY in 2020. The closure of on-premise channels drove consumers to drink at home, which affected sales of high-margin types such as craft beers and premium beers.
The off-premise channel was also affected by the pandemic as volume sales declined by 6.3% YoY. The relatively better performance by the off-premise channel was driven by increased at-home consumption. However, fewer consumption occasions affected sales. In addition......
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Nigeria Beer and Cider Market Insights to 2026 - Market Overview, Category and Segment Analysis, Company Market Share, Distribution, Packaging and Consumer Insights
Summary
In 2020, the Nigerian economy was weakened by COVID-19 lockdowns and restrictions, weak international crude oil prices, and the increase in value-added tax (VAT) and excise tax in H1 2021. Consequently, by Q2-2020, Nigeria's GDP contracted sharply by 6.1% - its worst recession in four decades. Though the government relaxed restrictions, the pandemic continued to disrupt economic activities and social lives, affected livelihoods, and sapped expatriate remittances, as a result of which household incomes waned, and poverty levels rose during the year. Additionally, the inflation rate rose to a three-year high of 14.2% Yo......
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Greece Beer and Cider Market Insights to 2026 - Market Overview, Category and Segment Analysis, Company Market Share, Distribution, Packaging and Consumer Insights
Summary
The Greek economy went into recession in 2020 amid the COVID-19 pandemic and the real GDP growth declined by 8.2% in 2020. Though the government embarked on stimulus packages along with acceleration in vaccination drives to revive the economy from the crisis, concerns over job losses and personal financial situations among consumers were on the rise in 2020. As a result, Greek consumers were forced to become frugal and look for ways to reduce their expenses. Thereby, due to the amplified price sensitivity of consumers, discount beers and ciders were preferred. This shift was evident from the lower rate of decline of th......
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