Global Beer Market Share 2020, Covid-19 Impact, Industry Growth, Trends, Segmentation, Challenges and Forecast Till 2025

The global beer market is driven by the rising trend of socializing and parties, especially among working professionals, along with the growing preference for premium product variants.

According to the latest report by IMARC Group, titled "Beer Market: Global Industry Trends, Share, Size, Growth, Opportunity and Forecast 2020-2025," the global beer market size reached US$ 606 Billion by 2019. Beer is a fermented alcoholic beverage that is made by brewing and fermenting starches derived from cereal grains. It is flavored using hops that not only add a buttery flavor to the beverage but also act as a natural preservative. Apart from this, other flavorings, such as herbs and fruits, are also added to attribute a specific flavor and fragrance to the drink. It is a rich source of niacin, folate, riboflavin, pyridoxine, potassium and magnesium. Moderate consumption of beer is widely associated with numerous health benefits and aids in maintaining blood pressure levels, preventing kidney stone formations, and minimizing the chances of developing cardiovascular disorders, including angina, stroke and heart attack. Owing to this, it is gaining widespread popularity across the globe.

We are regularly tracking the direct effect of COVID-19 on the market, along with the indirect influence of associated industries. These observations will be integrated into the report.

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Global Beer Market Trends:

One of the major factors influencing the global beer market is the rapid spread of the coronavirus disease (COVID-19) and the consequent social distancing norms and lockdowns imposed in several countries as a control measure. The decrease in the number of social gatherings is projected to lead to a decline in the on-premise consumption and sales of beer in bars, restaurants, pubs and public events. However, this trend will to be offset by the demand for to-go packs as well as home delivery services, mainly through online platforms. Another factor driving the market is the widespread preference for specialty beer among individuals. These beers are brewed to a classic style by incorporating different flavors, such as honey, chocolate, ginger and sweet potatoes. This adds a distinct flavor and aroma, which further adds innovative and eccentric flavors to the drinks. The growing inclination toward craft beer is also accelerating the market growth. Since micro-breweries produce portioned amounts of beer, they lay enhanced emphasis on the flavor, quality and brewing techniques as compared to large-scale commercialized breweries. Looking forward, the market is expected to reach a value of US$ 708 Billion by 2025, growing at a CAGR of 2.5% during the forecast period (2020-2025).

For more information about this report, visit: https://www.imarcgroup.com/beer-market

Insights on Market Segmentation:

Market Segmentation by Product Type:

Standard Lager
Premium Lager
Specialty Beer
Others

Market Segmentation by Packaging:

Glass
PET Bottle
Metal Can
Others

Market Segmentation by Production:

Macro-Brewery
Micro-Brewery
Others

Market Segmentation by Alcoholic Content:

High
Low
Alcohol Free

Market Segmentation by Flavour:

Unflavoured
Flavoured

Market Segmentation by Distribution Channel:

Supermarkets and Hypermarkets
On-Trades
Specialty Stores
Convenience Stores
Others

Market Segmentation by Region:

Europe
Asia Pacific
North America
Middle East and Africa
Latin America

Also Read

Top Beer Companies in the World: https://www.imarcgroup.com/beer-companies

Top 5 Players in the Beer Industry: https://www.imarcgroup.com/largest-beer-companies

Anheuser-Busch InBev NV - The Leading Beer Manufacturer: https://www.imarcgroup.com/ab-inbev-dominates-global-beer-market

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This release was published on openPR.