Press release
Global Beer Market: Soaring Growth, Key Players and Meticulous Trends
Beer Market Size
What Is The Projected Market Size Of The Global Beer Market And Its Growth Rate?
The global beer market is predicted to reach new heights following substantial growth over the years. Key statistics highlighting the market size include:
• 2024 Market Size: $221.11 billion
• 2025 Market Size: $232.98 billion (5.4% CAGR)
• 2029 Market Size: $286.83 billion (5.3% CAGR)
These growth trends can be primarily attributed to factors such as increasing alcohol consumption, booming economies in emerging markets, low-interest rates, advancements in technology, rise of e-commerce and growing population worldwide.
What Is Driving The Growth In The Beer Market?
The beer market is riding on the wave of heightened demand for ready-to-drink (RTD) beverages. RTDs are single-use packaged drinks that are ready for consumption at the time of purchase. RTD drinks are becoming increasingly popular, especially among professionals due to their transparency in labelling and practical usage. With new flavors being introduced into the RTD alcoholic beverages range and the convenience these ready-to-drink beverages offer, there is a surge in their demand. Each of these factors is propelling the growth of the beer market.
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Who Are the Key Players Driving Beer Market Growth?
Spearheading the growth of the beer market are some heavyweight players, including:
• Anheuser-Busch InBev SA/NV
• Heineken N.V.
• Carlsberg Group
• Molson Coors Beverage Company
• Asahi Group Holdings, Ltd.
• China Resources Beer (Holdings) Company Limited
• Diageo PLC, among others.
What Are The Key Trends In The Beer Market?
The beer market is riding high on a slew of emerging trends, including:
• Manufacturing of non-alcoholic beer
• Introduction of products with natural additives and colouring agents
• Collaboration with e-commerce platforms
• Investing in AI for improved quality and flavor of beer
• Launch of flavored and immunity boosting beer
What Are The Segments Of The Global Beer Market?
The global beer market is categorized along the following line:
• By Type: Ales, Lagers, Stouts And Porters, Malts
• By Packaging: Canned, Bottled, Draught
• By Category: Mass, Premium
• By Distribution Channel: Off-Trade Channels, On-Trade Channels
Which Region Leads The Beer Market?
In 2024, Asia-Pacific led the pack in the beer market, followed by Western Europe. Other key regions covered in the beer market report include Eastern Europe, North America, South America, the Middle East, and Africa.
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What Is Covered In The Beer Market Global Market Report?
- Market Size Analysis: Analyze the Beer Market size by key regions, countries, product types, and applications.
- Market Segmentation Analysis: Identify various subsegments within the Beer Market for effective categorization.
- Key Player Focus: Focus on key players to define their market value, share, and competitive landscape.
- Growth Trends Analysis: Examine individual growth trends and prospects in the Market.
- Market Contribution: Evaluate contributions of different segments to the overall Beer Market growth.
- Growth Drivers: Detail key factors influencing market growth, including opportunities and drivers.
- Industry Challenges: Analyze challenges and risks affecting the Beer Market.
- Competitive Developments: Analyze competitive developments, such as expansions, agreements, and new product launches in the market.
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