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Beer Market Analysis, Trends, Growth, Research And Forecast 2032
Beer Market
The Business Research Company's Beer Global Market Report 2023 identifies demand for ready-to-drink (RTD) beverages as the major driver for the beer market's growth in the forecast period. An RTD is a single-use packaged beverage that is ready for immediate consumption at the time of purchase. RTD drinks are gaining popularity among working adults due to their clean labels and functionality. The introduction of new flavours in the range of RTD alcoholic beverages, ease of carrying, and convenience are expected to boost the demand for RTD alcoholic beverages. Increasing demand for RTD beverages, including RTD alcoholic beverages, is expected to drive the alcoholic beverage market going forward.
The global beer market grew from $219.48 billion in 2022 to $235.69 billion in 2023 at a compound annual growth rate (CAGR) of 7.4%. The Russia-Ukraine war disrupted the chances of global economic recovery from the COVID-19 pandemic, at least in the short term. The war between these two countries has led to economic sanctions on multiple countries, a surge in commodity prices, and supply chain disruptions, causing inflation across goods and services and affecting many markets across the globe. The beer market is expected to grow to $303.11 billion in 2027 at a CAGR of 6.5%.
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Major competitors in the beer market are Anheuser-Busch InBev SA/NV, Heineken N.V., Carlsberg Breweries Group, Asahi Group Holdings Ltd., Constellation Brands, China Resources Beer (Holdings) Company Limited,
A key trend in the beer market includes advancements in automation technology. Self-serve beer bars have taps arranged along a wall with touch screens and card readers. Customers can choose from various options using the touch screen, make payments using plastic RFID cards, and dispense beer from taps in the vending machine. Self-serve beer bars help reduce the struggle to order drinks in overcrowded bars. For instance, the PourMyBeer system allows customers to serve themselves using interactive touch screens and taps installed on walls. As of March 2022, the system has been installed over 500 locations which include casinos, hotels, military bases, restaurants, bars, breweries, food halls, and others. Table Tap is another such company offering self-serve beer walls under the trademark WallTender.
Read More On The Global Beer Market Report Here:
https://www.thebusinessresearchcompany.com/report/beer-global-market-report
The beer market is segmented -
• By Type: Ales, Lagers, Stouts & Porters, Malts
• By Distribution Channel: Off-Trade Channels, On-Trade Channels
• By Packaging: Canned, Bottled, Draught
• By Category: Mass, Premium
• By Geography: Asia-Pacific, Western Europe, Eastern Europe, North America, South America, Middle East, Africa. Asia-Pacific was the largest region in the beer market.
The Business Research Company's "Global Beer Market Report 2023" provides a thorough understanding of the market across 60 geographies. The report covers market size, growth rate, segments, drivers and trends in every region and country. In addition, the report offers insights on historical and forecast growth, helping players analyze and strategize better.
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The Table Of Content For The Beer Market Include:
1. Executive Summary
2. Report Structure
3. Beer Market Characteristics
4. Beer Market Product Analysis
5. Beer Market Supply Chain
……
21. Key Mergers And Acquisitions In The Beer Market
22. Market Background: Alcoholic - Beverages Market
23. Recommendations
24. Appendix
25. Copyright And Disclaimer
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