The global craft beer industry is forecast to grow to US$107.9 billion by 2031, according to a new market report. Four years ago, the global craft beer was reportedly worth US$107.9 billion, so the anticipated change represents a 10.49% annual growth rate from 2018 to 2031 and the growth was attributed to the rising demand, despite the sector having endured a
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The South African beer industry has a means to show how important it is to the economy after a study revealed the impact of its closure. According to a study commissioned by South African Breweries. the pandemic cost South Africa 30% of its craft beer sector in a move that will take over two years for businesses to recover. Speaking
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Born in Italy since 1963, Peroni Nastro Azzurro, a global leading high-end beer brand promoted by Asahi Group officially entered the Chinese market. It launched an iconic flagship “House of Peroni” in Shanghai in August, reflecting Asahi’s full confidence in the “resilient” Chinese market despite facing some challenges such as the impact of the ongoing pandemic. China is the largest
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