Beer Market is poised to Grow at a CAGR of 4.56% by 2028, Size, Share, Trends, Growth Opportunities, Challenges and Competitive Landscape

Rise in the popularity and consumption of beer beverages has led to the overall increase in supply and demand for beer. Data Bridge Market Research analyses that the global beer market will project a CAGR of 4.56% for the forecast period of 2021-2028.

Get Full Report: https://www.databridgemarketresearch.com/reports/global-beer-market

Beer is an alcoholic beverage that is consumed in almost every look and corner of the world. It is the third most popular drink in the world and is one of the oldest alcoholic beverages. It is a carbonated yeast fermented alcoholic beverage that is usually made from malted cereal grains such as wheat, maize and rice. Drinking or consuming beer has many health benefits. It treats kidney stones and reduces the probability of heart related risks and diseases. However, too much consumption of anything is bad and so do harmful effects of excessive consumption of beer exist. One may develop belly fat on too much consumption. Thus, moderate consumption i.e. one beer a day or less is advised.

Consumption of alcohol has turned out to become a symbol of sophistication. With the urge to be called sophisticated, the demand for beer has rocketed all around the world. Westernization, modernisation and change in consumer's tastes and preferences in the direction of beer consumption have created lucrative growth opportunities. Also, rise in the personal disposable income has enabled the producers to increase the supply of beer. Introduction of new ingredients and new flavours have also propelled the growth of the market.

However, ill effects on the health of the body due to more than moderate consumption have restricted the scope of growth for the beer market. Also, prohibition by the law on the underage consumption of alcoholic beverages has further narrowed down the scope of growth. Governmental taxation policies will also come in the way of market growth. Fluctuations in the prices of raw materials are one major challenge.

The beer market is analyses and market size, volume information is provided by country, type, taste, category, packaging, production and distribution channel as referenced above.

The countries covered in the fruit and vegetable powders market report are U.S., Canada, Mexico in North America, Germany, Sweden, Poland, Denmark, Italy, U.K., France, Spain, Netherlands, Belgium, Switzerland, Turkey, Russia, Rest of Europe in Europe, Japan, China, India, South Korea, New Zealand, Vietnam, Australia, Singapore, Malaysia, Thailand, Indonesia, Philippines, Rest of Asia-Pacific (APAC) in Asia-Pacific (APAC), Brazil, Argentina, Rest of South America as a part of South America, UAE, Saudi Arabia, Oman, Qatar, Kuwait, South Africa, Rest of Middle East and Africa(MEA) as a part of Middle East and Africa(MEA)

North America dominates the market owing to the prevalence and rapid emergence of breweries across countries in this region. Owing to the huge consumer base, the market in this region has showed and will continue to show high potential for the beer market growth. Asia-Pacific on the other hand will project the highest growth rate during the forecast period. This is because of the massive potential for the manufacturers to set up manufacturing units here owing to the availability of cheap labour and abundant raw materials.

The beer market competitive landscape provides details by competitor. Details included are company overview, company financials, revenue generated, market potential, investment in research and development, new market initiatives, global presence, production sites and facilities, production capacities, company strengths and weaknesses, product launch, product width and breadth, application dominance. The above data points provided are only related to the companies' focus related to beer market.

The major players covered in the beer market report are ASAHI GROUP HOLDINGS, LTD., Anheuser-Busch Companies LLC, Carlsberg Group, Heineken N.V., Sierra Nevada Brewing Co., UNITED BREWERIES LTD., The Smirnoff Co., Diageo, Squatters Pub, Dogfish Head Craft Brewery Inc., The Boston Beer Company, Inc., Constellation Brands, Inc., Kirin Holdings Company, Limited., Molson Coors Beverage Company, CCU, Guizhou Moutai Co., Ltd., Stone & Wood Brewing Company, China Resources Enterprise, Limited and Oettinger among other domestic and global players. Market share data is available for Global, North America, Europe, Asia Pacific (APAC), Middle East and Africa (MEA) and South America separately. DBMR analysts understand competitive strengths and provide competitive analysis for each competitor separately.

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