Beer is a widely consumed alcoholic beverage all over the world. It is created by fermenting cereal grains, water, and yeast for a set amount of time. To give the drink a distinct flavour and smell, herbs and fruits are typically included. The alcohol percentage in beer ranges from less than 3% to 40% by volume (ABV), depending on the style and recipe. When consumed in moderation, beer has been found to help reduce heart and circulatory system diseases such as atherosclerosis, angina, stroke, and heart attack. The worldwide beer market report is researched and developed by considering segment analysis by material, packaging, distribution channel, and geography.
Beer Market Report Scope and Research Methodology:
The Beer market research provides a qualitative and quantitative analysis of market development determinants, constraints, opportunities, and concerns. The Beer market study was carried out by segmenting the market into key segments and then additional sub-segments. The research provides a regional analysis of the market, including market dynamics and Beer market size. SMR's research on the Beer industry employs both primary and secondary research approaches, lending credibility to the report. The bottom-up approach was utilised to assess the and regional Beer market size. SMR's report is the outcome of a study that employed a variety of approaches, including PESTLE, PORTER, and SWOT analysis are examples. These models were utilised in the study to provide light on the important financial issues on which Beer market participants must focus when designing marketing strategies for both consumer and industrial markets.
Beer Market Report Overview:
The study is based on key organisation forecasts as well as market facts. Beer Market research includes a complete analysis at the regional and country market levels, as well as a competitive scenario for the forecast term and individual firm values. The Beer market research provides information on the growth variables, current market share, technical advances, applications, and regional penetrations by 2029.
Beer Market Size was valued at USD 792.60 billion in 2022. Global Beer Market size is estimated to grow at a CAGR of 4.2 % over the forecast period.
Beer Market Dynamics:
As a result of improving economic conditions and rising GDP in developing nations such as Asia Pacific and South America, consumers' per capita disposable incomes have increased. The rise in consumer disposable income is a critical component in the overall expansion of the alcoholic beverage business. Beer consumption increased by 0.5 percent globally to 189.05 million kilolitres, with growth of 0.7 percent and 5.2 percent in Asia and Africa, respectively. Product consumption in the worldwide beer market has increased as a result of consumers' rising embrace of westernised culture and increasing modernisation.
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Beer Market Regional Analysis:
The market report Beer examines all regions: Europe, North America, Asia-Pacific, the Middle East and Africa, and Latin America. The primary geographic condition with segments and sub-segments analysis was supplied in the report during the research. The research describes the present situation of the regional market in terms of market size, share, and volume.
Beer Market Segmentation:
Lager topped the beer market by type with a 45% share in 2020. Lager is without a doubt the most well-known sort of beer in the world, owing to its distinct brewing process, which gives customers with a pleasant and crisp taste. Bottom-fermented and produced at a lower temperature, commonly 7 to 13° C, to provide consumers with a better beer drinking experience. Premium lager consumption has increased as a result of the growing customer preference for premium-sized beer. Premium beer demand is being driven by changing customer preferences, improving living standards, and modernization.
By way of packaging, The glass bottle is the most extensively used packaging material on the planet due to its low manufacturing cost. Drinking beer from a glass bottle, according to the makers, has a higher premium appeal than drinking beer from a metal can. Glass is durable, long-lasting, recyclable, and reusable. The essential features of glass bottles account for their ongoing demand as well as their rising popularity in specific enterprises and locations around the world.
By Distribution Channel, the Off-Trade segment held a 65% share of the beer market in 2020. Consumers in many economies are price-conscious, and they will not pay to consume beer in pubs, bars, or other on-trade establishments. The off-trade channel, which includes supermarkets, wine shops, specialty stores and others, sells products at a lesser price than the on-trade channel. Off-trade beer sales in Europe are expected to rise by 8% (20 million hectoliters) by 2020. The increasing adoption of various beer-drinking ways in countries has been related to the increased popularity of dine-out trends among customers.
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)Kirin Holdings Co. Ltd (Tokyo, Japan)Beijing Yanjing Beer Group Corporation (Beijing, China)
Key Questions answered in the Beer Market Report are:
- What is Beer Market?
- What is the expected CAGR of the Beer market during the forecast period?
- Which factor is expected to create growth opportunities for the Beer Market?
- What factors are affecting the Beer market growth?
- Which region held the largest share of the Beer market?
- What key trends are expected to emerge in the Beer market during the forecast?
Key offerings:
- Market Share, Size, and Forecast by Revenue|2022-2029
- Market Dynamics- Growth drivers, Restraints, Investment Opportunities, and key trends
- Market Segmentation- A detailed analysis of each segment and their sub-segments
- Competitive Landscape - Leading key players and other prominent key players.
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Established in 2018, Stellar Market Research is India Based consulting and advisory firm focused on helping clients to reach their business transformation objectives with advisory services and strategic business. The company’s vision is to be an integral part of the client’s business as a strategic knowledge partner. Stellar Market Research provides end-to-end solutions that go beyond key research technologies to help executives in any organization achieve their mission-critical goals. The company has clients from all across the globe, 23 % from India and others from Japan, Korea, Germany, United States, etc. The company uses its extensive industry knowledge, strong network, and know-how to provide complete insights that give clients a competitive advantage.
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