2012 was a big year for beer
Emerging economies are helping push up sales of wine, beer and spirits worldwide. The world's No. 1 beer isn't what you think.
Does thinking back on the past year make you reach for a drink? You're not alone. Worldwide, sales of alcoholic beverages soared in 2012.
Part of the reason alcohol sales are booming, according to analysts, is that stronger economies in emerging markets have given consumers there a bit more discretionary income -- which they're spending on drink, and on beer in particular.
This year was a stellar one for the big brewers. Four corporate megabrewers reportedly produced almost half of the world's beer: Anheuser-Busch Inbev (BUD) -- which recently acquired Groupo Modelo, maker of Corona -- SABMiller (SBMRF), Heineken N.V.(HKHHF) and Carlsberg A/S (CABHF).
The world's biggest consumer of suds is China, which downs more than 7.39 billion gallons annually, says ValueWalk.com. China's beer market grew by 29% in volume between 2006 and 2011, according to DrinksBusiness.com. And the world's best-selling beer? China's Snow brand, a joint venture of SABMiller and China Resources, which reportedly sold around 52 million barrels in 2011.
Bud Light and Budweiser came in second and third on the global bestsellers list, with a combined 84 million barrels sold.
As a country, the United States gets the silver medal in beer drinking, consuming nearly 6.34 billion gallons per year. Part of that consumption is fueled by America's rapidly expanding craft brewing industry -- which the Brewers Association says grew in 2011 by 13% in volume and 15% in dollars compared to the previous year.
Other countries in the top 10 list of beer drinkers are Russia, Mexico, Poland, Japan (Asahi Super Dry is one of the top-selling beers in the world), Brazil and South Africa.
India is no slouch when it comes to beer drinking, either. India’s Business Standard says that nation’s beer industry sold between 250 and 260 million cases in 2011. And according to ValueWalk, the Indian beer industry is growing at a rate of 15%.
And lest we forget, British beer drinkers are having a good year, too. The Daily Mail reports sales of specialty British beers are up an estimated 500% this year.
And despite hard economic times in the U.S. -- or perhaps because of them -- more Americans are treating themselves to a drink at their local bar or restaurant.
A recent report by the Technomic research firm says sales of beer, wine and spirits at restaurants, bars and similar licensed establishments grew by 4.9% in 2011 to $93.7 billion.
"Looking at 2012 and beyond, we see continued growth," said Technomic vice president David Henkes in the report, "although the evolving economic situation will ultimately influence 2013 performance across the on-premise segments and the beverage categories."
More on Money Now
BUDWEISER AND THE REST OF THE BIG BEER COMPANIES SUCK! SAMUEL ADAMS IS THE BEST AMERICAN BEER NOW BUT
MICRO BREW AND SMALL BEER MAKERS ARE THE BEST. PROBLEM WITH AMERICAN BEER DRINKERS IS MOST DRINK THAT
BUDLIGHT AND MILLER LITE CRAP! CAUSE THAT'S WHAT IS COOL IN THE COMMERICIALS. AND IT'S CHEAP SWILL.
Copyright © 2013 Microsoft. All rights reserved.
Quotes are real-time for NASDAQ, NYSE and AMEX. See delay times for other exchanges.
Fundamental company data and historical chart data provided by Thomson Reuters (click for restrictions). Real-time quotes provided by BATS Exchange. Real-time index quotes and delayed quotes supplied by Interactive Data Real-Time Services. Fund summary, fund performance and dividend data provided by Morningstar Inc. Analyst recommendations provided by Zacks Investment Research. StockScouter data provided by Verus Analytics. IPO data provided by Hoover's Inc. Index membership data provided by SIX Financial Information.
While incompetent bosses like Michael Scott and Andy Bernard typically can’t survive in the workplace, office romances are a very real part of corporate culture.
- Southwest Airlines turns less legroom into $773M
- 'American Idol' gets sorry ratings for season finale
- Powerball's wacky sense of humor
- Millions of Facebook's users are actually pets
- Can crowd funding rescue the LA Times?
- Domino's debuts a DVD that smells like pizza
- Average US retirement age climbs to 61
- McDonald's aims to slim down its 145-item menu
- Bathroom reading goes digital with iPad TP stand
[BRIEFING.COM] The S&P 500 ended this week with a bang, roaring to a new all-time high on the back of stronger-than-expected economic data, influential leadership, and an ongoing appreciation for the Fed's monetary policy support.
The bullish bias was evident in premarket action as the S&P futures pointed to a higher start without the benefit of any definitive news catalyst. Stocks indeed benefited from a blast of buying interest at the opening bell on this ... More
More Market News
All hail the bull market, which ended the week with a big rally. But it also is starting to look a little like 1987, which suffered an epic blow-out.