What is the global market size of Beer Market?

Global Beer Market is valued at USD 768.17 Billion in 2021, and it is anticipated to attain a value of USD 989.29 Billion by 2028, at a CAGR of 3.68 %over the forecast period (2022-2028). Read More

Global Beer Market Size, Share, Growth Analysis, By Type(Large, Ale), By Packaging Type(Glass Bottle, Metal Cans), By Distribution channel(Off-trade, On-trade), By Category(Popular, Premium) - Industry Forecast 2024-2031

Report ID: SQSG30E2001 | Region: Global | Published Date: April, 2024
Pages: 165 | Tables: 117 | Figures: 77

Global Beer Market Dynamics

Beer Market Driver

With Increasing GDP the spending capabilities of the people are increasing. There is a quite decent surge in disposable income in developing countries. As recorded, the global consumption of alcohol increased by 0.5 % attributed to 0.7 % and 5.2% year-on-year increased expenditure on alcohol by people of Asia and Africa. Moreover westernized culture and modern living are enticing many people in developing countries projecting huge Beer Market demand in the Global beer Market.
Beer is a trending means to socialize and spend leisure time. The hectic schedules and increasing stress inclines people towards beer. It has gained huge popularity among youngsters, especially with innovative flavors the likelihood has increased and individuals look up to beer for refreshment which is a potential Beer Market driver in the upcoming years.

Beer Market Restraint

There are adverse effects of excessive consumption of alcohol and governments are leveraging ways to take steps pertaining to the excessive use of alcohol. There are restrictions related to the promotion and advertising of alcohol in regions such as India, Uk China etc. These provincial bans on the advertisement and promotion of alcoholic beverages affect the Beer Market in a negative way.Various market players deploy tricky ways of advertisements and promotions. They advertise it in an indirect way so that the restrictions are not violated and at the same time they Beer Market the product in disguise.

Global Beer Market Report Snapshots

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Beer Market size was valued at USD 743.4 billion in 2019 and is poised to grow from USD 768.55 billion in 2023 to USD 996.49 billion by 2031, growing at a CAGR of 3.3% in the forecast period (2024-2031).

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. 'Anheuser-Busch InBev', 'Carlsberg Group', 'Diageo PLC', 'Heineken', 'Molson Coors', 'SABMiller (now part of Anheuser-Busch InBev)', 'Asahi Group Holdings', 'Kirin Holdings', 'Constellation Brands', 'Tsingtao Brewery', 'San Miguel Corporation', 'Boston Beer Company', 'Brooklyn Brewery', 'Sierra Nevada Brewing Company', 'Stone Brewing', 'New Belgium Brewing', 'Lagunitas Brewing Company', 'Deschutes Brewery', 'Dogfish Head Craft Brewery', 'Duvel Moortgat.'

With Increasing GDP the spending capabilities of the people are increasing. There is a quite decent surge in disposable income in developing countries. As recorded, the global consumption of alcohol increased by 0.5 % attributed to 0.7 % and 5.2% year-on-year increased expenditure on alcohol by people of Asia and Africa. Moreover westernized culture and modern living are enticing many people in developing countries projecting huge Beer Market demand in the Global beer Market.

Various struggles were poised in the Global Beer Market due to Covid 19. Restriction became a compulsion to mitigate the spread. Constraints on social gatherings, parties, bars, pubs, and restaurants lead to a negative effect on sales. However high Beer Market demand was witnessed at retail stores, and online forums thereby resulting in altered drinking habits of the individual. Most of them shifted to alcohol consumption at home instead of outdoors or in public places. This paves way for market players to plan their sales decisions, keep note of consumers and understand the market needs.

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.

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Global Beer Market Size, Share, Growth Analysis, By Type(Large, Ale), By Packaging Type(Glass Bottle, Metal Cans), By Distribution channel(Off-trade, On-trade), By Category(Popular, Premium) - Industry Forecast 2024-2031

Global Beer Market Dynamics

Global Beer Market Report Snapshots

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