
Heineken’s senior management team has been in Vietnam this week for the company’s annual Financial Markets Conference. CEO Jean-François van Boxmeer called the country the “poster child” for international beer thanks to its strong demographics and growing demand. The company is also bullish about its prospects in Asia-Pacific. Here’s a snapshot of Heineken’s current position in the region and how the market is developing as outlined by Heineken’s Asia-Pacific president, Frans Eusman. To read a low-down on Vietnam, click here.
Asia-Pacific stats
- More than half (54%) of the population is under 35. In Europe, the figure stands ar only 40%
- Some 54% is now middle-class compared to just 20% in 2009
- Per capita beer consumption has plenty of headroom. Last year, the Asia-Pacific average was 29.3 litres compared to 70 litres in Europe
- Premium segment growth in Asia Pacific is significantly higher than the rest of world, accounting for 8.7% of total beer volumes, compared to a global average of 3.5%
Heineken in Asia-Pacific
- Heineken’s volumes in the region have grown an average of 6% a year over the past three years
- In the same period, sales have grown an average of 10% a year and EBIT by 14%
- The region accounted for 21% of Heineken’s operating profits last year, compared to 18% in 2013
- Heineken claims to have market leadership in the largest number of countries in the region
- The brewer has 15 first- and second-positions by volume in Asia-Pacific markets, compared to seven for Carlsberg and five for Kirin
Tiger
- Heineken sees Tiger as its Asian beer. The brand grew international volumes by 24% last year compared to 3% growth for brand Heineken, according to Canadean data
- The brewer has launched new extensions for Tiger – Tiger Black (brewed with black rice), Tiger Ice (brewed at -1°C) and Tiger White (a wheat beer launched in Malaysia late last year)