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

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Beer Market: By Product Type (Stout and Porter, Lager, Malt, Ale, and Others), By Production (Macro Brewery, Micro Brewery, Craft Brewery, and Others), By Packaging (PET Bottle, Metal Can, Glass, and Others), and Geography

 

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Report

Description

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.The global beer market is driven by a growing number of breweries worldwide and increased demand for beer globally. The popularity of low-alcohol beverages has risen steadily, and sales of no-alcohol and low-alcohol beers have grown in tandem with the growing demand from health-conscious consumers. The launch of new and innovative goods worldwide is also contributing to market growth. Changing consumer tastes due to introducing new products is also predicted to boost market growth during the forecast period. Another motivating force is that low-alcohol beers are now less expensive than their high-alcohol counterparts, especially those with a 2.8 % ABV or less. As the number of local companies grows, so does the demand for more breweries. As a result, market participants are teaming up to open their own breweries in various international markets to make their products available there. The rising popularity of local beers leads to an increase in the number of breweries, which is likely to boost the beer industry during the projection period. Beer demand has increased as the number of social drinkers has increased, particularly in Asian and African countries, as a result of improving economic conditions and a growing middle-class population. Alcohol-free and low-alcohol beer have also grown in popularity, particularly among young people who are seeking to live a healthier lifestyle and control their alcohol consumption. Beer producers are also releasing a number of new products and brands in order to broaden their customer base. Furthermore, the growing influence of social media, increased internet penetration, and the expansion of the e-commerce industry have allowed manufacturers to improve their retailing channels and market presence. However, in COVID 19, some areas are seeing an increase in demand for go-to beer packs and breweries’ home delivery services. Also, Automation reduces labor expenses while enhancing the flexibility of switching between processing tasks. As a result, demand for new equipment automation is increasing, which is a major purchase driver for beer producers.

Recent Market Developments:

In March 2021, Heineken updated the style of Heineken Original and launched new slim cans. The slim cans are available in 12oz. 6-packs, 12-packs, 18-packs, and 24-packs, at 5.0% ABV per 12oz. serving, which replaced the previous 12oz cans on-shelf.

In February 2021, Carlsberg launched a new beer bottle that reduced the carbon impact of glass bottles by 90 %.

Beer Market

MARKET SUMMARY
-
3.6% CAGR
  • Study Period– 2022-2028
  • Base Year– 2021
  • CAGR– 3.6%
  • Largest Market– Asia Pacific
  • Fastest Growing Market– Europe

Beer Market

  • The report on global Beer Market gives historical, current, and future market sizes (US$ Mn) on the basis of product type, production, packaging and geography.
  • Beer Market report gives comprehensive outlook across the region with special emphasis on key regions such as North America, Europe, Asia Pacific, Latin America and Middle East and Africa.
  • Key stakeholders of the global beer market report include suppliers, manufacturers, marketers, policy makers, and service providers engaged in global beer products.
key players
  • Diageo
  • United Breweries Group
  • Asahi Group Holdings
  • Carlsberg Group
  • Breckenridge Brewery
Beer Market Dynamics

Based on Packaging, glass bottle segment is expected to grow at highest CAGR over the forecast years owing to the increasing adoption of consumers towards glass bottled beers across the globe. Furthermore, a significant rise of working class individuals and increase in disposable income leads to the growth of the PET bottles market. Increase in number of beer outlets and accessibility of beers fuels the growth of the beer market globally.


Asia-Pacific got significant share

Beer Market

Asia Pacific accounted for larger revenue share in global beer market with a significant CAGR owing to rising demand for beers from the countries such as India and China, growing population of youth coupled with increase in consumption of beer and change in lifestyles and consumer preferences considerable boost the adoption of beer in Asia Pacific region. Russia and Ukraine contribute the largest share in the Eastern Europe region. United States beer market is projected to show significant growth in the forecasted period. However, heavy taxation and rising health consciousness and availability of new substitutes hampers the growth of the market.

Latin America
Latin-America
North-America
North-America
Europe
Europe
Asia Pacific
Asia-Pacific
Middle East
Middle East

Key

Features of the Report

  • The beer market report provides granular level information about the market size, regional market share, historic market (2017-2021) and forecast (2022-2028)
  • The report covers in-detail insights about the competitor’s overview, company share analysis, key market developments, and their key strategies
  • The report outlines drivers, restraints, unmet needs, and trends that are currently affecting the market
  • The report tracks recent innovations, key developments and startup’s details that are actively working in the market
  • The report provides plethora of information about market entry strategies, regulatory framework and reimbursement scenario
  • The report analyses the impact of socio-political environment through PESTLE Analysis and competition through Porter’s Five Force Analysis in addition to recent technology advancements and innovations in the market
Beer Market Segmentation


Location

GEOGRAPHY

Frequently Asked Questions

The beer market is projected to expand at a CAGR of 3.6% during the forecast period.

Diageo, United Breweries Group, Asahi Group Holdings, Carlsberg Group, Breckenridge Brewery

Asia Pacific is the fastest-growing region for beer market


Report

Table Of Content


Report

Company Profile

  • Diageo PLC (UK)
  • United Breweries Group (India)
  • Asahi Group Holdings Ltd (Japan)
  • Carlsberg Group (Denmark)
  • Breckenridge Brewery (U.S)
  • Heineken NV (Netherlands)
  • Groupo Modelo (Mexico)
  • Camden Town Brewery (UK)
  • Four Peaks Brewing Company (U.S)
  • Kirin Holdings Co. Ltd (Japan)

Description

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.The global beer market is driven by a growing number of breweries worldwide and increased demand for beer globally. The popularity of low-alcohol beverages has risen steadily, and sales of no-alcohol and low-alcohol beers have grown in tandem with the growing demand from health-conscious consumers. The launch of new and innovative goods worldwide is also contributing to market growth. Changing consumer tastes due to introducing new products is also predicted to boost market growth during the forecast period. Another motivating force is that low-alcohol beers are now less expensive than their high-alcohol counterparts, especially those with a 2.8 % ABV or less. As the number of local companies grows, so does the demand for more breweries. As a result, market participants are teaming up to open their own breweries in various international markets to make their products available there. The rising popularity of local beers leads to an increase in the number of breweries, which is likely to boost the beer industry during the projection period. Beer demand has increased as the number of social drinkers has increased, particularly in Asian and African countries, as a result of improving economic conditions and a growing middle-class population. Alcohol-free and low-alcohol beer have also grown in popularity, particularly among young people who are seeking to live a healthier lifestyle and control their alcohol consumption. Beer producers are also releasing a number of new products and brands in order to broaden their customer base. Furthermore, the growing influence of social media, increased internet penetration, and the expansion of the e-commerce industry have allowed manufacturers to improve their retailing channels and market presence. However, in COVID 19, some areas are seeing an increase in demand for go-to beer packs and breweries’ home delivery services. Also, Automation reduces labor expenses while enhancing the flexibility of switching between processing tasks. As a result, demand for new equipment automation is increasing, which is a major purchase driver for beer producers.

Recent Market Developments:

In March 2021, Heineken updated the style of Heineken Original and launched new slim cans. The slim cans are available in 12oz. 6-packs, 12-packs, 18-packs, and 24-packs, at 5.0% ABV per 12oz. serving, which replaced the previous 12oz cans on-shelf.

In February 2021, Carlsberg launched a new beer bottle that reduced the carbon impact of glass bottles by 90 %.

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