LAMEA beer market is estimated to grow at a CAGR of 3.4% during the forecast period. In 2018, the market in LAMEA was valued at $57.6 billion and is further estimated to reach $72.0 billion in 2025. The factors contributing to the market growth include increasing demand for alcoholic beverages in emerging economies such as Brazil and South Africa due to their growing population base and increasing consumption of alcohol by the young generation. The changing social norms and the growing acceptability of alcohol have led to high and regular alcohol consumption among people in the region.
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The beer market in Latin America and the Middle East & Africa are expected to have a major market share during the forecast period. Major economies contributing to the LAMEA market growth are Brazil, Argentina, Turkey, South Africa and so on. The two most prominent factors for the market growth in these regions include the increase in disposable income coupled with the rise in the economy. In Brazil, alcohol is the most widely used psychotropic substance among adults. Brazil has the largest population in Latin America and has experienced considerable economic growth in the past decade. The country has around 209 million population in 2018 and more than 77% of the population is above 15 years.
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Among beer, spirit, wine, and others; the Mexican beer market is primarily driven by the large consumption of beer. According to WHO, nearly 77% of the total population prefers beer over wine and spirit. Among which, nearly 73% of the population aged 15 years and above. However, compared to the US, the per capita alcohol consumption in Mexico is low, as a high proportion of Mexicans do not drink. Additionally, in 2016, the per capita (15+) alcohol consumption was 6.5 liters of pure alcohol, a decrease from 6.7 liters per pure alcohol in 2010. Although, the alcohol prevalence indicate that Mexico has average levels of alcohol consumption in Latin America. Therefore, Mexico has a modest contribution to the growth of LAMEA alcoholic beverages.

Research Methodology
The market study of the LAMEA beer market is incorporated by extensive primary and secondary research conducted by the research team. Secondary research has been conducted to refine the available data to breakdown the market in various segments, derive total market size, market forecast, and growth rate. Different approaches have been worked on to derive the market value and market growth rate. Our team collects facts and data related to the market from different geography to provide a better regional outlook. In the report, the country-level analysis is provided by analyzing various regional players, regional tax laws and policies, consumer behavior and macro-economic factors. Numbers extracted from Secondary research have been authenticated by conducting proper primary research. It includes tracking down key people from the industry and interviewing them to validate the data. This enables our analyst to derive the closest possible figures without any major deviations in the actual number. Our analysts try to contact as many executives, managers, key opinion leaders, and industry experts. Primary research brings authenticity to our reports.

Secondary Sources Include
The report is intended for alcoholic beverages manufacturing companies, distributors and suppliers, and other related companies for overall market analysis and competitive analysis. The report provides an in-depth analysis of market size, intended quality of the service preferred by consumers. The report will serve as a source for a 360-degree analysis of the market thoroughly integrating different models.

Market Segmentation
1. LAMEA Beer Market Research and Analysis by Type

2. LAMEA Beer Market Research and Analysis by Category

3. LAMEA Beer Market Research and Analysis by Packaging Type

The Report Covers
Comprehensive research methodology of the LAMEA beer market.
This report also includes a detailed and extensive market overview with key analyst insights.
An exhaustive analysis of macro and micro factors influencing the market guided by key recommendations.
Analysis of regional regulations and other government policies impacting the LAMEA beer market.
Insights about market determinants which are stimulating the LAMEA beer market.
Detailed and extensive market segments with regional distribution of forecasted revenues.
Extensive profiles and recent developments of market players.
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