GCC Beer Market 2023: Price Trends, Top Companies, Investment, Growth and Forecast 2028

IMARC Group, a leading market research company, has recently releases report titled "GCC Beer Market Report by Product Type (Standard Lager, Premium Lager, Specialty Beer, and Others), Packaging (Glass, PET Bottle, Metal Can, and Others), Production (Macro-Brewery, Micro-Brewery, and Others), Alcohol Content (High, Low, Alcohol-Free), Flavor (Flavored, Unflavored), Distribution Channel (Supermarkets and Hypermarkets, On-Trades, Specialty Stores, Convenience Stores, and Others), and Region 2023-2028." The study provides a detailed analysis of the industry, including the GCC beer market share, size, trends, and growth forecasts. The report also includes competitor and regional analysis and highlights the latest advancements in the market.

Report Highlights

How big is the GCC beer market?

The GCC beer market size reached US$ 11.2 Billion in 2022. Looking forward, IMARC Group expects the market to reach US$ 13.7 Billion by 2028, exhibiting a growth rate (CAGR) of 3.35% during 2023-2028.

What is beer?

Beer is a popular alcoholic beverage that has been consumed by individuals around the world for centuries. It is typically made from four primary ingredients; water, malted barley, hops, and yeast. The brewing process begins with the malted barley, which is soaked in water to create a sugary liquid known as wort. Hops, which are flowers, are then added to the wort to provide bitterness and aroma. Yeast is introduced to ferment the sugars in the wort, converting them into alcohol and carbon dioxide. This fermentation process can take anywhere from a few days to several weeks, depending on the type of beer being produced. Beer is available in a wide variety of styles and flavors, ranging from light and crisp lagers to rich and complex ales. The differences in taste, color, and aroma are often attributed to the specific strains of yeast, the types of malted barley used, and the brewing techniques employed. Beer is often consumed socially and can be found in bars, restaurants, and homes worldwide.

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What are the growth prospects and trends in the GCC beer industry?

The GCC region has a relatively young and growing population, which contributes to the expansion of the beer market. As the younger population crosses legal drinking age, there is an increasing consumer base for beer products. Additionally, the GCC nations host a substantial expatriate population, including many from countries where beer consumption is more prevalent. This diversity in the cultural backgrounds of the population drives demand for various types of beer, including international and craft brands. Other than this, the GCC region attracts a large number of tourists, both for leisure and business purposes. Tourists often seek familiar and diverse beverage options, including beer, contributing to the growth of the market. Besides this, the GCC countries have witnessed robust economic growth over the years.

This has led to an increase in disposable income among consumers, enabling them to spend more on leisure activities, including dining out and enjoying alcoholic beverages like beer. In line with this, there is a noticeable shift in consumer preferences toward premium and craft beer varieties. Health-conscious consumers are also driving demand for low-alcohol and non-alcoholic beer options. Furthermore, the GCC region has varying degrees of regulation when it comes to alcohol consumption. Understanding and navigating these regulations is crucial for businesses in the beer industry. Regulatory changes can significantly impact the market.

What is included in market segmentation?

The report has segmented the market into the following categories:

Breakup by Product Type:

Standard Lager
Premium Lager
Specialty Beer
Others

 Breakup by Packaging:

Glass
PET Bottle
Metal Can
Others

Breakup by Production:

Macro-Brewery
Micro-Brewery
Others

Breakup by Alcohol Content:

High
Low
Alcohol-Free

Breakup by Flavor:

Flavored
Unflavored

Breakup by Distribution Channel:

Supermarkets and Hypermarkets
On-Trades
Specialty Stores
Convenience Stores
Others

Breakup by Country:

Saudi Arabia
UAE
Qatar
Oman
Kuwait
Bahrain

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