Beer Market Size, Share, Growth, Analysis, Price, Trends, Outlook, Key Players & Forecast Period 2023-2028

The global Market share beerSize, Growth, Price, Report and Forecast 2023-2028′ by Expert Market Research provides a comprehensive look at the global beer market, assessing the market based on segments such as product type, packaging, production, alcohol content, taste, distribution channel and major regions .

Beer market size, share, price trend, industry report, key player, key segments and forecast

Key highlights of the report include:

Market overview (2018-2028)

  • Forecast CAGR (2023-2028): 3%
Report attribute Details
Historical period 2018-2022
Forecast period 2023-2028
Base year 2022
Market size in 2020 $594.5 billion
Revenue forecast in 2026 $709.9
Growth rate CAGR 3%
Big players Asahi Group Holdings Ltd., Anheuser-Busch InBev, Carlsberg Group, Heineken NV,
Sierra Nevada Brewing Co, United Breweries Ltd, The Smirnoff Co. and many others.

The global beer market is expected to grow during the forecast period due to growing preference for beer consumption. In markets and similar places where spirits and wine were traditionally consumed, the demand for beer is increasing, supported by an increased supply. Changing consumer habits, including increasing frequency of alcohol consumption and busy and stressful lifestyles, are likely to fuel market demand for beer globally.

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The increase in demand for lager and increased supply is expected to fuel the beer market around the world due to an increase in the production of lager in different flavors. In addition, increasing awareness about the health benefits of beer consumption, such as a reduced risk of heart disease and prevention of kidney stones, is likely to positively drive demand for beer. The increase in beer consumption has led to intense competition between beer brands, leading to the creation of new flavors and varieties. Craft beers are immensely popular as they offer a range of flavors beyond those of macro breweries.

Definition of the beer industry and key segments

Beer is a widely consumed alcoholic beverage made from water, hops, and grains such as rye, wheat, rice, and corn. It involves the fermentation of yeast in the presence of water, which is then flavored with hops. The alcohol content of beer varies from 3% to 40% alcohol, depending on the type of beer.

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Based on product type, the market is segmented into:

  • Standard lager
  • Premium lager
  • specialty beer
  • Others

By packaging, the market is segmented into:

  • Glass
  • PET bottle
  • Metal can
  • Others

Based on production, the market is divided into:

  • Macro brewery
  • Micro brewery
  • Others

On the basis of alcohol content, the market has been segmented into:

By taste, the market is divided into:

Based on the distribution channel, the market is classified into:

  • Supermarkets and hypermarkets
  • On Trades
  • Specialty stores
  • Convenience store
  • Others

Based on region, the market is divided into:

  • North America
  • Latin America
  • Asia Pacific
  • Europe
  • Middle East and Africa

Trends in the beer market

Geographically, the Asia-Pacific region is expected to gain momentum in the growth of the beer market in the coming years due to increasing purchasing power and rising trend in beer consumption. The rapid urbanization and globalization in the region, along with the increasing trend to eat out, is likely to boost demand for beer in the Asia-Pacific region.

Meanwhile, the North American region is expected to grow in beer market share over the forecast period owing to the expansion of key players with high potential. This is due to the increasing number of breweries and rising beer consumption. Rising popularity of beer is driving market growth in the region due to the changing tastes and preferences of consumers.

Main players in the market

Major players in the global beer market report include Asahi Group Holdings Ltd., Anheuser-Busch InBev, Carlsberg Group, Heineken NV, Sierra Nevada Brewing Co, United Breweries Ltd, and The Smirnoff Co. The report covers the market shares, capacities, factory turnarounds, expansions, investments, and M&A, among other latest developments of these market players.

The report studies the latest updates in the market along with their impact on the market. It also analyzes market demand along with its price and demand indicators. The report also tracks the market based on SWOT and Porter’s Five Forces Models.

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