Global Beer Market to Reach $825.88 Billion in 2023, Projected to Grow at a 4.2% CAGR

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Beer Market Overviews

Beer Market was valued at USD 825.88 billion in 2023. Global Beer Market size is estimated to grow at a CAGR of 4.2 % over the forecast period.

Beer is a popular alcoholic beverage consumed all over the world. It’s made by fermenting cereal grains, water, and yeast for a specific period of time. Herbs and fruits are frequently added to the drink to give it a distinct flavor and scent. Beer has an alcohol concentration that ranges from less than 3% to 40% by volume (ABV), depending on the style and recipe of the formulation. Beer has been shown to help prevent disorders of the heart and circulatory systems, such as atherosclerosis, angina, stroke, and heart attack, when consumed in moderation. The report on the global beer market is studied and prepared by considering the segment analysis by material, packaging, distribution channel and region.

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Beer Market Scope and Methodology:

Consumers’ per capita disposable incomes have increased as a result of improving economic conditions and rising GDP in developing countries such as the Asia Pacific and South America. The rise in consumer disposable income is a key component in the alcoholic beverage industry’s overall expansion. Global beer consumption climbed by 0.5 percent to 189.05 million kilolitres, with year-over-year gains of 0.7 percent and 5.2 percent in Asia and Africa, respectively. As a result of consumers’ growing embrace of westernized culture and increasing modernization, product consumption has increased in the global beer market.

Beer Market Regional Insights

European region dominated the market with a 39 % share in 2023. Beer has an essential role in all European countries and is an integral element of culture, tradition, and nutrition. The European Union is one of the world’s most important beer-producing regions. The consumption in 2019 was 368,682 hectolitres, brewed by roughly 11,048 breweries dispersed all throughout Europe. The European beer market is a relatively diverse industry in terms of structure. It consists primarily of small and medium-sized businesses, such as microbreweries and breweries that operate on a local, regional, or national scale, as well as significant European breweries that are world leaders in their professions. The proliferation of new micro and small breweries in recent years is a sign of the industry’s inventive potential.

Beer Market Segmentation

By Type, Lager dominated the beer market with a 45 % share in 2023. Lager is unquestionably the most well-known type of beer in the world, thanks to its unique brewing procedure, which provides customers with a refreshing and crisp taste. It’s bottom-fermented and brewed with 5 to 11 percent ABV at a lower temperature, often 7 to 13° C, to give consumers a better beer drinking experience. Premium lager consumption has increased as a result of the growing trend of premium-sized beer among consumers. Variable consumer preferences, rising living standards, and modernity are driving the demand for premium beers.

Beer Market Key Players

Anheuser-Busch InBev (Leuven, Belgium)
Heineken N.V. (Amsterdam, Netherlands)
China Resources Breweries (Beijing, China)
Carlsberg A/S (Copenhagen, Denmark)
Diageo Plc (London, U.K.)
Molson Coors Beverage Company (Illinois, U.S.)
Boston Beer Company (Massachusetts, U.S.)
Asahi Group Holdings Ltd (Tokyo, Japan)

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Key questions answered in the Beer Market are:

What is Beer ?
What was the Beer market size in 2023?
What is the growth rate of the Beer Market?
Which are the factors expected to drive the Beer market growth?
What are the different segments of the Beer Market?
What growth strategies are the players considering to increase their presence in Beer ?
What are the upcoming industry applications and trends for the Beer Market?
What are the recent industry trends that can be implemented to generate additional revenue streams for the Beer Market?
Who are the leading companies and what are their portfolios in Beer Market?
What segments are covered in the Beer Market?
Who are the key players in the Beer market?

Key Offerings:

Past Market Size and Competitive Landscape (2018 to 2022)
Past Pricing and price curve by region (2018 to 2022)
Market Size, Share, Size & Forecast by Different Segment | 2024−2030
Market Dynamics – Growth Drivers, Restraints, Opportunities, and Key Trends by Region
Market Segmentation – A detailed analysis by segment with their sub-segments and Region
Competitive Landscape – Profiles of selected key players by region from a strategic perspective
- Competitive landscape – Market Leaders, Market Followers, Regional player
- Competitive benchmarking of key players by region
PESTLE Analysis
PORTER’s analysis
Value chain and supply chain analysis
Legal Aspects of Business by Region
Lucrative business opportunities with SWOT analysis
Recommendations

About Stellar Market Research:

Stellar Market Research is a multifaceted market research and consulting company with professionals from several industries. Some of the industries we cover include medical devices, pharmaceutical manufacturers, science and engineering, electronic components, industrial equipment, technology and communication, cars and automobiles, chemical products and substances, general merchandise, beverages, personal care, and automated systems. To mention a few, we provide market-verified industry estimations, technical trend analysis, crucial market research, strategic advice, competition analysis, production and demand analysis, and client impact studies.

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