USD 743.4 billion
Report ID: SQSG30E2001 | Region: Global | Published Date: October, 2022 | Pages: 165 | Tables: 117 | Figures: 77
Beer Market size was valued at USD 743.4 billion in 2021 and is poised to grow from USD 768.55 billion in 2022 to USD 996.49 billion by 2030, growing at a CAGR of 3.3% in the forecast period (2023-2030).
In recent years, there has been a significant rise in disposable incomes among individuals. The urbanization and modernized standard of living has increased the spending capability of people up to a decent level. Over the years consumer preferences have shifted. Beer is one of the popular drinks among people, especially young drinkers. Beer is the most popular and largely exported alcohol beverage across the regions. Varied taste flavors and formulations have made beer a popular trend among millennials and Gen Z individuals and are expected to raise the Beer Market share in the coming years.
The covid 19 pandemic led to devastating effects on the market. Covid 19 was an infectious disease which affected the entire world and was a medical emergency. To combat the spread of the virus and protect people from the effect of infection there was a lockdown which led to the closure of restaurants, bars, and all social gatherings. Additionally, the supply and transportation were also affected due to imposed lockdown restrictions. However, there was growth in the online purchase of beers and consumers were inclined to purchase beer from D2C(Direct to Consumer) platforms.
US Beer Market is poised to grow at a sustainable CAGR for the next forecast year.
Global Market Size
USD 743.4 billion
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The Global Beer Market is segmented based on Type, Packaging Type, Distribution Channel, Category and Region. Based on Type it is categorized into: Large, Ale, Stouts, Malt, and Others. Based on Packaging Type it is categorized into: Glass bottles and metal cans. Based on Distribution Channel it is categorized into Off-Trade and On-Trade. Based on Category it is categorized into: Popular, Premium, Super Premium Based on region it is categorized into: North America, Europe, Asia-Pacific, South America, and MEA.
Beer Market Analysis by Type
On the basis of type, the Beer Market segmentation is done by categorizing the market into Large, Ale, Stout, Malt and Others. Among all these the large segment is expected to dominate the Global Beer market by the forecasted period. Large beer is prepared using the bottom-fermented technique, this keeps the beer fresh and makes it on the widely consumed beer types all across the globe.
Additionally, Ale type market segment is also expected to grow and generate a higher Beer Market share due to its popularity among youngsters. Ale beer is prepared from top-fermented yeast that is more tolerant to alcohol. Also, there is rising concern among youngsters to go for a less alcoholic beer, Ale best suits it and is gaining popularity.
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Europe is expected to showcase the largest Beer Market share. The market size accounted by the European beer market in 2021 is more than 250 Billion. European breweries are known for their diversity and innovation. There are around 11,048 breweries in Europe. According to data in 2021 the consumption of beer in Europe was more than 368,682 hectoliters. Europe is a wide-scale producer of beer worldwide. Increasing health concerns and the drastic effects of alcohol on the body have directed individuals to low alcohol beverages which are expected to propel the Beer Market share.
The Asia Pacific region is estimated to be the second-largest region in the Global Beer Market. The region has witnessed increased production and demand for flavored beer. Adoption of modern and western culture and the trend of social dine-outs is common among people due to hectic life schedules.
North America is estimated to be a third potential Beer Market for the Global Beer Market. The Beer Market size is expected to expand due to increasing demand for different flavors and ABV beers, youngsters are enticed towards low alcohol beer owing to health concerns increasing the demand in the upcoming years.
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Beer Market Driver
Beer Market Restraint
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The Global Beer Market includes big and medium-sized and large- sized market participants accounting for a large portion of market revenue. Major players are implementing numerous tactics, including mergers and acquisitions, new launches, strategic agreements and contracts. They are deploying ways to understand the need of the Beer Market and garner ways to generate high Beer Market share.
Beer Market Top Players Company Profiles
Beer Market Recent Developments
SkyQuest’s ABIRAW (Advanced Business Intelligence, Research & Analysis Wing) is our Business Information Services team that Collects, Collates, Co-relates and Analyses the Data collected by means of Primary Exploratory Research backed by the robust Secondary Desk research.
According to our analysis, the Global Beer Market sector is estimated to showcase high market growth owing to increased demand, especially in the household.Increasing innovative ideas leveraged by key market players to entice consumers is propelling the Beer Market demand.With the pandemic effects slowing down the industry is witnessing high demand at bars, clubs, and restaurants and is expected to rise in the forecasted period.
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|Market size value in 2021||USD 743.4 billion|
|Market size value in 2030||USD 768.55 billion|
|Forecast Unit (Value)||USD Billion|
|Regions covered||North America (US, Canada), Europe (Germany, France, United Kingdom, Italy, Spain, Rest of Europe), Asia Pacific (China, India, Japan, Rest of Asia-Pacific), Latin America (Brazil, Rest of Latin America), Middle East & Africa (South Africa, GCC Countries, Rest of MEA)|
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Parent Market Analysis
KEY MARKET INSIGHTS
MARKET DYNAMICS & OUTLOOK
Market Size by Region
KEY COMPANY PROFILES
For the Global Beer Market, our research methodology involved a mixture of primary and secondary data sources. Key steps involved in the research process are listed below:
1. Information Procurement: This stage involved the procurement of Market data or related information via primary and secondary sources. The various secondary sources used included various company websites, annual reports, trade databases, and paid databases such as Hoover's, Bloomberg Business, Factiva, and Avention. Our team did 45 primary interactions Globally which included several stakeholders such as manufacturers, customers, key opinion leaders, etc. Overall, information procurement was one of the most extensive stages in our research process.
2. Information Analysis: This step involved triangulation of data through bottom-up and top-down approaches to estimate and validate the total size and future estimate of the Global Beer Market.
3. Report Formulation: The final step entailed the placement of data points in appropriate Market spaces in an attempt to deduce viable conclusions.
4. Validation & Publishing: Validation is the most important step in the process. Validation & re-validation via an intricately designed process helped us finalize data points to be used for final calculations. The final Market estimates and forecasts were then aligned and sent to our panel of industry experts for validation of data. Once the validation was done the report was sent to our Quality Assurance team to ensure adherence to style guides, consistency & design.
With the given market data, our dedicated team of analysts can offer you the following customization options are available for the Global Beer Market:
Product Analysis: Product matrix, which offers a detailed comparison of the product portfolio of companies.
Regional Analysis: Further analysis of the Global Beer Market for additional countries.
Competitive Analysis: Detailed analysis and profiling of additional Market players & comparative analysis of competitive products.
Go to Market Strategy: Find the high-growth channels to invest your marketing efforts and increase your customer base.
Innovation Mapping: Identify racial solutions and innovation, connected to deep ecosystems of innovators, start-ups, academics, and strategic partners.
Category Intelligence: Customized intelligence that is relevant to their supply Markets will enable them to make smarter sourcing decisions and improve their category management.
Public Company Transcript Analysis: To improve the investment performance by generating new alpha and making better-informed decisions.
Social Media Listening: To analyze the conversations and trends happening not just around your brand, but around your industry as a whole, and use those insights to make better Marketing decisions.
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