Beer Market Size, Share, Growth Analysis, By Type(Large, Ale, Stouts, Malt), By Packaging Type(Glass Bottle, Metal Cans), By Distribution channel(Off-trade, On-trade), By Category(Popular, Premium, Super-Premium), By Region - Industry Forecast 2024-2031

Beer Market Driver

• With Increasing GDP the spending capabilities of the people are increasing. There is a quite decent surge in disposable income in developing countries. As recorded, the global consumption of alcohol increased by 0.5 % attributed to 0.7 % and 5.2% year-on-year increased expenditure on alcohol by people of Asia and Africa. Moreover westernized culture and modern living are enticing many people in developing countries projecting huge Beer Market demand in the Global beer Market.
• Beer is a trending means to socialize and spend leisure time. The hectic schedules and increasing stress inclines people towards beer. It has gained huge popularity among youngsters, especially with innovative flavors the likelihood has increased and individuals look up to beer for refreshment which is a potential Beer Market driver in the upcoming years.

Beer Market Restraint

• There are adverse effects of excessive consumption of alcohol and governments are leveraging ways to take steps pertaining to the excessive use of alcohol. There are restrictions related to the promotion and advertising of alcohol in regions such as India, Uk China etc. These provincial bans on the advertisement and promotion of alcoholic beverages affect the Beer Market in a negative way.Various market players deploy tricky ways of advertisements and promotions. They advertise it in an indirect way so that the restrictions are not violated and at the same time they Beer Market the product in disguise.