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Description
The global beer market was valued at $600,042 million in 2021, and is projected to reach $712,345 million by 2027, growing at a CAGR of 2.1% from 2021 to 2027 owing to increase in urbanization, increasing in youth population coupled with growing acceptance of social drinking drives the growth of the market. The consumption of beer has been increased in the recent years owing to rise in the disposable income and increasing preference for beer over other alcoholic beverages. Furthermore, increasing number of outlets for beers and wide accessible for general community and increase in demand for alcohol free beers fuels the growth of the market. Global beer market report gives comprehensive outlook on beer across the globe with special emphasis on key regions such as North America, Europe, Asia Pacific, Latin America, and Middle East and Africa. 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 flavouring 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, global beer market report includes human demographics; regulatory scenario, and competition analysis with vividly illustrated the competition dashboard to assess the market competition. Moreover, PBI analyzed global beer market to better equip clients with possible investment opportunities across the regions (regional Investment Hot-Spots) and market unmet needs (Product Opportunities).
