Global Beer Market Report Size, Trends & Growth Opportunity, By Product Type (Lager, Ale, Other), By Packaging (Bottles, Cans, Others), By Distribution Channel (On-trade Channels, Off-trade Channels), By Region (North America, Europe, Asia Pacific, Latin America, Middle East), And Forecast Till 2030.
Global Beer Market
The Global Beer Market is estimated to be USD 630759.39 Mn in 2022 and is projected to reach USD 818849.70 Mn by 2030, growing at a CAGR of 2.84%.
The beer which is a popular alcoholic beverage that is consumed worldwide, almost everywhere. It is a combination of hops, water, and cereal grains like wheat, rice, corn, and rye and the mixture is fermented with yeast.
Market Drivers
One of the key factors that drive the market is the quick increase in the number of breweries and microbreweries all over the world. Also, the use of beer as a cocktail ingredient in distilleries is boosting the market growth.
Furthermore, it is gaining substantial popularity amongst millennials and Gen Z because of its varied formulations, flavours, and flavour offerings. Moreover, tailored beer bottles as gifts are also gaining popularity.
Market Restraints
The major restraining factor that hampers the market growth is the rise in anti-alcohol initiatives. Additionally, the increasing risks of health-related issues brought on by long drinking of fruit beer is also hindering the market growth.
Market Segmentation
The Beer Market is segmented into 4 major categories. Based on Product Type, the market is segmented into Lager, Ale, Other. Based on the Distribution Channel, the market is divided into On-trade Channels and Off-trade Channels. Based on the packaging, the market is segmented into bottles, cans, others. Based on region, the market is segmented into North America, Europe, Asia Pacific, Latin America, Middle East.
Regional Analysis
The Asia Pacific region is expected to dominate the global market owing to urbanization, increasing disposable incomes and changing lifestyles of customers in countries like China, India, and Japan. Also, there are more than 1,000 breweries in Asia, producing a varied variety of beers.
Europe is also likely to witness lucrative growth because the European country is one of the key beer-producing regions worldwide and additionally, Beer plays a significant role in all European countries and is also an essential part of the culture, nutrition, and heritage.
Market Key Players
Some of the key players operating in the Global Beer Market are Anheuser-Busch InBev, Heineken, Carlsberg Breweries A/S, Molson Coors Beverage Company, Asahi Group Holdings, Ltd., Diageo, Sierra Nevada Brewing Co., United Breweries Ltd., Oettinger Brauerei, China Resources Beer (Holdings) Company Limited.
Industry development
In 2022, Vicky Chamoy, a chamoy-flavored beer with undertones of sour, salty, spicy, and sweet flavours, was released to the United States by VictoriaTM in October. A 24-ounce single-serve can of this Mexican-flavored beer that was imported from Mexico is available.
In 2022, Heineken Silver, a member of the Heineken group of brands with its headquarters in Amsterdam, will be released in September, according to Heineken Group, United Breweries. Experienced master brewers employed natural ingredients such as A-yeast and pure malt to create Heineken Silver.
In 2022, Anheuser-Busch InBev released Seven Rivers, a brand-new beer, in the Indian market. The brands Budweiser, Corona Extra, and Hoegaarden are all equivalent to this one. The new product is initially exclusively offered in select regions of Maharashtra and Karnataka.
Market Taxonomy
By Packaging
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