What is the global market size of Beer Market?

Global Beer Market is valued at USD 768.17 Billion in 2021, and it is anticipated to attain a value of USD 989.29 Billion by 2028, at a CAGR of 3.68 %over the forecast period (2022-2028). Read More

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

Report ID: SQSG30E2001 | Region: Global | Published Date: April, 2024
Pages: 165 | Tables: 117 | Figures: 77

Beer Market News

InMay 2022, Anheuser-Busch InBev, the company behind beers like Budweiser, Corona Extra, and Hoegaarden, launched a new brand of beer Seven Rivers for the Indian market.
In April 2022, Beer company Bira 91 launched ‘Imagined in India’, a portfolio of four new limited-release beers - Bollywood IPA, Kokum Sour, Brown Ale, and Mango Lassi.
In November 2021 an acquisition agreement was signed between Heinekin, Distell Group Holdings Limited, Namibia Breweries Limited, and Ohlthaver & List Group of Companies. This agreement envisions integrating the respective and relevant businesses in Southern Africa into the enlarged company.
In November 2021, Anheuser-Busch InBev’s London brewery, Camden Town, announced the launching of Camden Town Beer 2021. This beer is compared to a dessert wine; it's the latest among the cask-aged beer list and is designed to be paired with cheese.

Beer Market Report Snapshots

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Beer Market size was valued at USD 743.4 billion in 2019 and is poised to grow from USD 768.55 billion in 2023 to USD 996.49 billion by 2031, growing at a CAGR of 3.3% in the forecast period (2024-2031).

The Global Beer Market includes big and medium-sized and large- sized market participants accounting for a large portion of market revenue. Major players are implementing numerous tactics, including mergers and acquisitions, new launches, strategic agreements and contracts. They are deploying ways to understand the need of the Beer Market and garner ways to generate high Beer Market share. 'Anheuser-Busch InBev', 'Carlsberg Group', 'Diageo PLC', 'Heineken', 'Molson Coors', 'SABMiller (now part of Anheuser-Busch InBev)', 'Asahi Group Holdings', 'Kirin Holdings', 'Constellation Brands', 'Tsingtao Brewery', 'San Miguel Corporation', 'Boston Beer Company', 'Brooklyn Brewery', 'Sierra Nevada Brewing Company', 'Stone Brewing', 'New Belgium Brewing', 'Lagunitas Brewing Company', 'Deschutes Brewery', 'Dogfish Head Craft Brewery', 'Duvel Moortgat.'

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.

Various struggles were poised in the Global Beer Market due to Covid 19. Restriction became a compulsion to mitigate the spread. Constraints on social gatherings, parties, bars, pubs, and restaurants lead to a negative effect on sales. However high Beer Market demand was witnessed at retail stores, and online forums thereby resulting in altered drinking habits of the individual. Most of them shifted to alcohol consumption at home instead of outdoors or in public places. This paves way for market players to plan their sales decisions, keep note of consumers and understand the market needs.

Europe is expected to showcase the largest Beer Market share. The market size accounted by the European beer market in 2021 is more than 250 Billion. European breweries are known for their diversity and innovation. There are around 11,048 breweries in Europe. According to data in 2021 the consumption of beer in Europe was more than 368,682 hectoliters. Europe is a wide-scale producer of beer worldwide. Increasing health concerns and the drastic effects of alcohol on the body have directed individuals to low alcohol beverages which are expected to propel the Beer Market share.

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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 News

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