Beer Market Opportunities and Share Analysis 2022 to 2028

The research report "Beer Market: By Product Type (Stout and Porter, Lager, Malt, Ale, and Others), By Production (Macro Brewery, Micro Brewery, Craft Brewery, and Others), By Packaging (PET Bottle, Metal Can, Glass, and Others), and Geography- Global/Region/Country Forecast to 2028." Beer market size was valued at USD 770.6 billion in 2021 and is anticipated to reach USD 987.1 billion by 2028, witnessing a CAGR rate of 3.6% during the forecast period 2022-2028.

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Growing youth population is fuelling the Beer Market:
This global beer market report aims at providing market dynamics to spot out future opportunities, latest drivers and trends and possible challenges to the key stakeholders working in the market. Water, yeast, malted cereal grains and hops are the four basic elements used in the making of beer. Beer consists of herbs and fruits like flavoring elements. Several other types of beers available in the market however lager and ale are the two most commonly preferred beers. Beer consumption has increased in current years due to the factors such as the growing disposable income and customer tastes for beer have shifted away from other alcoholic beverages. Accessibility of beers and increasing number of beer outlets bolster the beer market growth worldwide. Moreover, growing disposable income and significant rise of working class individuals leads to the PET bottles market growth. Glass bottle sector is anticipated to grow at high CAGR rate over the future period on the basis of packaging due to the growing adoption of customers towards glass bottled beers around the globe.

Increasing acceptance of social drinking coupled with growing youth population and increasing urbanization are the factors fuelling the market growth. Moreover, growing demand for alcohol-free beers and increasing number of outlets for beers and wide access for the general community bolster the market growth. Moreover, beer market growth is majorly driven by a spike in female drinkers.

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Asia Pacific accounted for larger revenue share in the Global Beer Market:
Beer market report aims at providing complete outlook around the region by covering leading regions such as Latin America, North America, Europe, Asia Pacific, Middle East and Africa. Among these regions, Asia Pacific got significant revenue share in the global beer market with a significant CAGR rate due to the changing customer preferences and lifestyles, growing demand for beers from different countries including China and India and growing youth population. Ukraine and Russia both contribute the biggest share in the Eastern Europe region. United States beer market is anticipated to witness considerable growth during the future period. On the other hand, increase in the health awareness, availability of new substitutes and heavy taxation is hampering the market growth.

Competitive Analysis - Beer Market
Major players working in the beer market are Diageo, United Breweries Group, Asahi Group Holdings, Carlsberg Group and Breckenridge Brewery. Key players in the market aim at following major strategies.

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