Beer is one of the most popular alcoholic beverages consumed worldwide. It is produced by the saccharification of starch and fermentation of sugary solutions. The global beer market consists of various product types including lager, ale, stout & porter, malt, and others. Lager dominates the market and accounts for more than 80% of the total beer production worldwide. Beer find its major applications in bars, restaurants, supermarket/hypermarket, and liquor stores. Besides consumption in on-trade distribution channels, beer witnesses high demand through off-trade distribution channels as well.
The global beer market is estimated to be valued at US$ 946.21 Mn in 2024 and is expected to exhibit a CAGR of 5.9% over the forecast period 2024 to 2031, as highlighted in a new report published by Coherent Market Insights.
Market Dynamics:
The Global Beer Market is Expected to be Flourished by Rising Demand from Millennials and Gen Z Population: Rising demand for beer from millennials and Gen Z population acts as a major driver for the global beer market growth. Millennials and Gen Z consumers prefer beer over other alcoholic beverages due to its lower alcohol content, variety in flavors, and innovative packaging. They are willing to spend more on craft beers and varieties made from different types of grains other than barley to experience new tastes. Further, increasing social events and partying culture among these age groups fuels the consumption of beer.
Another driver referred from the heading is increasing demand for low- and no-alcohol beer varieties. Due to rising health awareness regarding alcohol consumption, consumers are inclining towards low- and no-alcoholic beer varieties. These kinds of beer varieties appeal to health-conscious consumers including women. With varying alcohol content ranging from 0% to 1%, these beer variants are becoming highly popular worldwide thus propelling the growth of the global beer market.
Segment Analysis
The beer market is dominated by the lager segment which holds around 75% of the market share. Lager is the most commonly consumed beer globally due to its mass appeal compared to other variants like ale, stout, etc. The light lager segment, which has lower alcohol content, is growing at a faster rate due to rising health consciousness.
PEST Analysis
Political: Trade policies impacting beer imports and exports across countries. Regulations regarding alcohol content, marketing, and age restrictions for purchase.
Economic: Macroeconomic factors impacting consumer spending on beers. Rising disposable incomes in developing markets boosting the affordability of premium beers.
Social: Changing social trends where beer is no longer a predominantly male drink. Increasing social acceptance and popularity of craft beers fueling innovation.
Technological: Automation improving productivity and reducing wastage in breweries. Packaging technologies helping extend shelf life and facilitate transportation.
Key Takeaways
The Global Beer Market Size is estimated to be valued at US$ 946.21 Mn in 2024 and is expected to exhibit a CAGR of 5.9% over the forecast period 2024 to 2031.
The global beer market is expected to witness high growth over the forecast period of 2024 to 2031 supported by rising consumption in developing regions of Asia Pacific and Latin America. The Asia Pacific region leads the market and is expected to continue its dominance due to increasing social acceptability of beer consumption in countries like China, India, and Vietnam.
Some key players operating in the beer market are B. Braun Melsungen AG, Baxter, BD, Johnson & Johnson Private Limited, Stryker Corp., Integra LifeSciences Corporation, Medtronic plc, Acera Surgical, Inc., Anthrex, Inc., Acelity L.P. Inc., Biorez, Aroa Biosurgery Limited, Misonix, Inc., Ortho Regenerative Technologies Inc., AlloSource, Boston Scientific Corporation, TEIJIN LIMITED, and Smith+Nephew, CONMED Corporation. Major players are focusing on capacity expansion, new product launches and mergers & acquisitions to strengthen their presence and capitalize on growth opportunities.
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Beer brands in India, Best beer in India and Beer Importer are providing top class beer products in the Indian market.
Now people have lots of choices with the arrival of liquor items.
Beer is an alcoholic beverage produced by the saccharification of starch and fermentation of the resulting sugar.
The basic ingredients of beer are water, a starch source and and a flavouring.
Beer is the world’s most widely consumed alcoholic beverage, and the third-most popular drink overall, after water and tea.Download FREE Sample of this Report @ https://www.grandresearchstore.com/report-sample/global-beer-2019-2024-131In recent years, brewery industry step into a dramatic catch-up process in terms of the global concentration and globalization.The brewery industry has gradually become a global industry, in which companies seek to realize cross-border standardization advantages, mainly by introducing global brands and by capitalizing on synergies in marketing and distribution.According to this study, over the next five years the Beer market will register a -0.7% CAGR in terms of revenue, the global market size will reach US$ 134360 million by 2024, from US$ 139350 million in 2019.
In particular, this report presents the global market share (sales and revenue) of key companies in Beer business, shared in Chapter 3.This report presents a comprehensive overview, market shares, and growth opportunities of Beer market by product type, application, key manufacturers and key regions and countries.This study considers the Beer value and volume generated from the sales of the following segments:Segmentation by product type: breakdown data from 2014 to 2019, in Section 2.3; and forecast to 2024 in section 11.7.Value BeerStandard BeerPremium BeerSegmentation by application: breakdown data from 2014 to 2019, in Section 2.4; and forecast to 2024 in section 11.8.Corporate HospitalityFamily DinnerOtherThis report also splits the market by region: Breakdown data in Chapter 4, 5, 6, 7 and 8.AmericasUnited StatesCanadaMexicoBrazilAPACChinaJapanKoreaSoutheast AsiaIndiaThe report also presents the market competition landscape and a corresponding detailed analysis of the major vendor/manufacturers in the market.The key manufacturers covered in this report: Breakdown data in in Chapter 3.Anheuser-Busch InBevSABMillerHeinekenCarlsbergMolsonCoorsKIRINGuinnessAsahiCastel GroupRadebergerMahou-San MiguelSan Miguel CorporationChina Resources Snow BreweriesTsingtao BreweryBeijing Yanjing BreweryZhujiang BeerKingStarIn addition, this report discusses the key drivers influencing market growth, opportunities, the challenges and the risks faced by key manufacturers and the market as a whole.
It also analyzes key emerging trends and their impact on present and future development.Research objectivesTo study and analyze the global Beer consumption (value & volume) by key regions/countries, product type and application, history data from 2014 to 2018, and forecast to 2024.To understand the structure of Beer market by identifying its various subsegments.Focuses on the key global Beer manufacturers, to define, describe and analyze the sales volume, value, market share, market competition landscape, SWOT analysis and development plans in next few years.To analyze the Beer with respect to individual growth trends, future prospects, and their contribution to the total market.To share detailed information about the key factors influencing the growth of the market (growth potential, opportunities, drivers, industry-specific challenges and risks).To project the consumption of Beer submarkets, with respect to key regions (along with their respective key countries).To analyze competitive developments such as expansions, agreements, new product launches, and acquisitions in the market.To strategically profile the key players and comprehensively analyze their growth strategies.Get the Complete Report & TOC @ https://www.grandresearchstore.com/food-and-beverages/global-beer-2019-2024-131Table of content2019–2024 Global Beer Consumption Market Report1 Scope of the Report1.1 Market Introduction1.2 Research Objectives1.3 Years Considered1.4 Market Research Methodology1.5 Economic Indicators1.6 Currency Considered2 Executive Summary2.1 World Market Overview2.1.1 Global Beer Consumption 2014–20242.1.2 Beer Consumption CAGR by Region2.2 Beer Segment by Type2.2.1 Value Beer2.2.2 Standard Beer2.2.3 Premium Beer2.3 Beer Consumption by Type2.3.1 Global Beer Consumption Market Share by Type (2014–2019)2.3.2 Global Beer Revenue and Market Share by Type (2014–2019)2.3.3 Global Beer Sale Price by Type (2014–2019)2.4 Beer Segment by Application2.4.1 Corporate Hospitality2.4.2 Family Dinner2.4.3 Other2.5 Beer Consumption by Application2.5.1 Global Beer Consumption Market Share by Application (2014–2019)2.5.2 Global Beer Value and Market Share by Application (2014–2019)2.5.3 Global Beer Sale Price by Application (2014–2019)3 Global Beer by Manufacturers3.1 Global Beer Sales Market Share by Manufacturers3.1.1 Global Beer Sales by Manufacturers (2017–2019)3.1.2 Global Beer Sales Market Share by Manufacturers (2017–2019)CONTACT US:276 5th Avenue, New York , NY 10001,United StatesInternational: (+1) 646 781 7170 / +91 8087042414Email: [email protected] Us On linkedin :- https://www.linkedin.com/company/grand-research-store/
