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Business

Global brewery output falls for three years straight

Beer less popular in established markets, developing Asia quaffing more

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China's Tsingtao Brewery saw a 39% drop in profits in 2016 as demand for beer leveled off in many established markets.   © Reuters

TOKYO -- The world's breweries produced steadily less in aggregate in 2014, 2015, and 2016 because of beer's reduced popularity in the world's three largest markets: China, the U.S., and Brazil.

In 2016, the world produced a total of 190.9 million kiloliters of beer, an 0.6% decline year on year according to a survey by Kirin Holdings of 177 countries and regions.

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