Beer Market: Global Market Estimation, Dynamics, Regional Share, Trends, Competitor Analysis 2017-2021 and Forecast 2022-2028

Description

The global beer market size was valued at USD 770.6 billion in 2021 and is projected to reach USD 987.1 billion by 2028, growing at a CAGR of 3.6% from 2022 to 2028 owing to an increase in urbanization, increasing in youth population coupled with the growing acceptance of social drinking drives the growth of the market. The consumption of beer has increased in recent years owing to a rise in disposable income and an increasing preference for beer over other alcoholic beverages. Furthermore, the increasing number of outlets for beers and wide access for the general community, and an increase in demand for alcohol-free beers fuel the growth of the market. Beer is made from four fundamental ingredients: malted cereal grains, hops, water, and yeast, and it is fermented over a period of time. In addition, beer contains flavoring elements such as herbs and fruits. Beer consumption has increased in recent years as disposable income has increased and consumer tastes for beer have shifted away from other alcoholic beverages. Furthermore, the growth of the beer market is fueled by a spike in female drinkers and an extraordinary increase in the youth population. There are many other types of beers on the market, but ale and lager are the two most commonly drank beers. This report studies global beer market dynamics elaborately to identify the current trends & drivers, future opportunities, and possible challenges to the key stakeholders operating in the market. In addition, the global beer market report includes human demographics; regulatory scenario, and competition analysis with a vividly illustrated competition dashboard to assess the market competition. Moreover, PBI analyzed the global beer market to better equip clients with possible investment opportunities across the regions (regional Investment Hot-Spots) and market unmet needs (Product Opportunities).