According to the research report titled ‘Global Covid-19 Impact on Lager Market Size study, by Type (Standard, Premium), by Distribution Channel (Off-Trade, On-Trade) and Regional Forecasts 2020-2027’ available with Market Study Report, despite COVID-19 impact on lager market, the returns are  expected to multiply during 2020-2027.
 

The research report ‘global COVID-19 impact on lager market’ states that widespread adoption of pale lager in the commercial sector of emerging nations, increasing disposable income, and rising consumption of alcohol are augmenting the overall market growth.
 

Citing an instance, All India Brewers Association (AIBA) states that the beer industry generates a revenue of around Rs 50000 crore yearly, making a significant contribution to the Indian economy.
 

For the record, lager is a category of beer that is conditioned at very low temperatures. It is typically pale, amber, or dark in color.
 

Moreover, rapid urbanization, establishment of pubs and night clubs, rising prevalence of diabetes, and escalating demand for lager as well as breweries in nations such as Hong Kong are further facilitating the business scenario, cites the global COVID-19 impact on lager market report. 
 

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According to the research document, the increasing number of COVID-19 cases has compelled various governments to enforce partial or complete lockdowns in order to avert the spread of the disease. This has resulted in shutdown of alcohol & larger industry, thus negatively impacting the business outlook.
 

Based on type, the global COVID-19 impact on lager market report divides the industry into premium and standard segments. With regards to distribution channel, the market is bifurcated into on-trade and off-trade.
 

From a regional frame of reference, North America is predicted to emerge as a lucrative growth avenue for the overall market over the forecast period. High concentration of bars and pubs in Canada as well as the U.S. coupled with increasing disposable income are fostering the expansion of the regional market.
 

On the other hand, the global COVID-19 impact on lager market report states that Asia-Pacific is projected to register the highest CAGR over 2020-2027. Factors such as flourishing tourism sector along with rapid urbanization in India and China are emerging as lucrative opportunities for the remuneration of the market in Asia-Pacific.
 

Leading organizations profiled in global COVID-19 impact on lager market report are Beijing Yanjing Beer Co. Ltd., Anheuser-Busch InBev SA/NV, B9 Beverages Private Limited, Constellation Brands Inc., Asahi Group Holdings Ltd., Tsingtao Brewery Group Company Limited, Molson Coors Beverage Company, Carlsberg A/S, China Resources Snow Breweries Co. Ltd., and Heineken N.V. among others.