Beer Market is Witnessing Increasing Demand, Emerging Trends, Growth, and Expanding Future Scope

Beer Market Overview:

The global beer market is likely to grow steadily in the next few years. Substantial investments in R&D activities to bring more novelties to the product in terms of flavor, taste, and attractive packaging would drive the market growth. Market Research Future (MRFR) asserts that the global beer market value is poised to escalate from USD 646.01 Billion in 2022 to USD 1,080.18 Billion by 2030, growing at a 6.64% CAGR during the review period (2022-2030).

The unique taste of beer makes it one of the most popular beverages among consumers, allowing the market to flourish. Besides, the advances and development of new brewing technologies positively influence the beer market growth. Increased consumption habits and the growing preference for low-alcohol content are market drivers.

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Other factors substantiating the market revenues include the availability of various beer brands, the increasing popularity of craft beers among youngsters, and the rising number of places serving these beverages. Improving economic conditions provides impetus to market growth, increasing consumers' purchasing power that allows them to spend more on their preferred beverages. Furthermore, the relaxation in the beer production regulations is a key tailwind.

Conversely, the availability of various counterfeited, low-cost products floating in the market is expected to obstruct market growth over the review period. Also, ongoing debates on the benefits and side effects of beer negatively impact the market growth. Nevertheless, developments in distribution channels will play a vital role in fostering market growth. The burgeoning food and beverage industry will also positively impact the beer market revenues.

Global Beer Market -Competitive Analysis

The global Beer market appears fiercely competitive and fragmented, with many well-established players having a global presence. Mergers & acquisitions, collaborations, innovation, and brand reinforcement remain the popular trends for the beer market players.

Key Players:

Leading beer market players are Asher Brewing Co. (U.S.), Brewing Co. (U.S.), Hopworks Urban Brewery (U.S.), Laurelwood Public House and Brewery (U.S.), Pisgah Brewing Co. (U.S.), Butte Creek Brewing Co. (U.S.), and Eel River Brewing Co. (U.S.), among others.

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Global Beer Market -Segmentations

The report is segmented into types, ingredients, packaging, and regions. The type segment is sub-segmented into ale, lager, and stouts & porters. The ingredient segment is sub-segmented into malt, yeast, enzymes, and hops. The packaging segment is sub-segmented into cans, bottles, and draughts. By region, the beer market is segmented into North America, Europe, Asia-Pacific, and the rest of the world.

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Global Beer Market -Geographical Analysis:

North America dominates the global beer market, witnessing an upsurge in the number of breweries. Besides, the high per capita income and the growing trend of coupling health benefits and pleasure together substantiates the beer market size, increasing product consumption.

The increasing contributions from countries such as the U.S. and Canada support the regional market growth. The influence of the media industry impacts the regional market growth positively. Also, relaxation in beer production regulations in this region supports its growth in the global beer market.

Industry/ Innovation/ Related News:

Aug. 18, 2023 -- Confluence Brewing Company launched a new core beer, Yard Yacht. The brewery focused on a series of test batches to develop this Session Hazy IPA, with a low ABV of 4.5%, and found the perfect blend, thus creating Yard Yacht.

Discover More Research Reports on Food, Beverages & Nutrition Industry by Market Research Future:

Craft Beer Market- https://www.marketresearchfuture.com/reports/craft-beer-market-973

Gluten-free Beer Market- https://www.marketresearchfuture.com/reports/gluten-free-beer-market-7144

Fruit Beers Market- https://www.marketresearchfuture.com/reports/fruit-beer-market-6315

Chocolate Beer Market- https://www.marketresearchfuture.com/reports/chocolate-beer-market-4994

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