Beer is made from yeast, hops, and malted cereal grains. In 2018, the global beer market size reached nearly USD 106 billion. It is estimated that the market value of beer by 2024 will reach USD 119 billion (IMARC Group, 2020). Nowadays, to expand the consumer base, the leading breweries introduce new beer variants (new flavors, types, production styles, and varying alcoholic content). To produce superior products, high-quality ingredients and special brewing techniques are used. The top four beer makers, Anheuser-Busch InBev, Heineken, Carlsberg, and China Resources Enterprise, control half of the global beer market (Carling, 2018).
Guinness Irish beer is the world’s number one selling stout beer. Its parent company, Diageo plc, is one of the world’s largest producers of alcoholic beverages. Stout is a dark, top-fermented beer with a number of variations, including dry stout, oatmeal stout, milk stout, and imperial stout.
In 1786 John Molson founded the Montreal Molson Brewery. The company merged in 2015 with Coors in the United States, another company with long traditions. Today, the multinational Molson Coors Beverage Company, headquartered in Chicago, is the fourth largest brewery company in the world.
Ambev is the largest brewer in Latin America by volume and the world’s fourth-largest beer producer. It produces, distributes, and sells beer and PepsiCo products in Brazil and other Latin American countries. It also owns Argentina’s largest brewer, Quinsa. Ambev was formed in 1999 through the merger of Brazil’s two largest beverage firms, Brahma and Antarctica. In 2004, Ambev combined with Canadian brewer Labatt, giving Interbrew (now Anheuser-Busch InBev) a controlling interest (Morningstar).
Harboe’s Brewery is a Danish brewery group with headquarter in Skælskør, Denmark. The company manufacture and market beverages and malt-based ingredients. The beverage group has production facilities in three countries and business activities in more than 90 markets worldwide.
Royal Unibrew is a brewing and beverage company headquartered in Faxe, Denmark. The company’s beer, ale, and soft drinks are distributed throughout Europe. Ale is a type of beer brewed using a warm fermentation method, resulting in a sweet, full-bodied, and fruity taste.
Bolna AS invests in leading Scandinavian and international breweries. The company is a very small shareholder in the companies below.