Global Beer Market to Reach $286.83 Billion by 2029, Growing at 5.3% CAGR

How Are the key drivers contributing to the expansion of the beer market?
The beer market is anticipated to grow in the forecasted period due to an escalating demand for ready-to-drink (RTD) beverages. RTDs, essentially a one-use packaged drink prepared for instantaneous consumption upon buying, are gaining traction among working professionals owing to their clean labels and utility. The expansion of the RTD alcoholic drinks collection to include new flavors, coupled with their portability and convenience, is projected to stimulate the demand for these beverages. Therefore, a surge in the requirement of RTD beverages, notably those alcoholic by nature, is likely to propel the beer market in the coming days.

Get Your Beer Market Report Here:
https://www.thebusinessresearchcompany.com/report/beer-global-market-report

What growth opportunities are expected to drive the beer market's CAGR through 2034?
Over the past few years, the beer market has seen a robust expansion. Forecasts suggest its current valuation of $221.11 billion in 2024 will increase to $232.98 billion in 2025, exhibiting a compound annual growth rate (CAGR) of 5.4%. Factors contributing to this growth in the past include higher levels of alcohol consumption, significant economic development in emerging markets, and reduced interest rates.

The size of the beer market is predicted to witness substantial expansion in the imminent years, reaching a value of $286.83 billion in 2029 with a compound annual growth rate (CAGR) of 5.3%. This projected growth can be credited to the increasing influence of e-commerce, ongoing advancements in technology, and a growing population. Key trends anticipated throughout the forecast period consist of the production of non-alcoholic beer, launching products that feature natural additives and dyes, partnerships with online commerce platforms, leveraging artificial intelligence to enhance beer quality and taste, and the emphasis on debuting flavored and immunity-enhancing beer options.

Get Your Free Sample Now - Explore Exclusive Market Insights:
https://www.thebusinessresearchcompany.com/sample.aspx?id=3554&type=smp

What are the emerging trends shaping the future of the beer market?
Technological progress in automation and the imperative to enhance customer experiences in busy bars have amplified the popularity for self-service beer bars. These bars include taps arrayed along a wall, equipped with touch screens and card reading devices. Patrons have an array of options to pick from via the touch screen, and they can pay through RFID enabled plastic cards and draw beer directly from the taps on the dispensing machine. Self-service beer bars mitigate the difficulty of ordering drinks in packed bars. An example is the PourMyBeer system, that enables customers to serve themselves through interactive touch screens and taps mounted on walls. As of March 2022, this system has been implemented in more than 500 venues such as casinos, hotels, military bases, restaurants, bars, breweries, food halls, etc. Another company, Table Tap, also provides self-service beer walls via their trademark WallTender.

Which growth-oriented segments of the beer market are leading the industry's development?
The beer market covered in this report is segmented -

1) By Type: Ales, Lagers, Stouts And Porters, Malts
2) By Packaging: Canned, Bottled, Draught
3) By Category: Mass, Premium
4) By Distribution Channel: Off-Trade Channels, On-Trade Channels

Subsegments:
1) By Ales: Pale Ales, India Pale Ales (IPAs), Brown Ales, Belgian Ales, Amber Ales
2) By Lagers: Light Lagers, Dark Lagers, Pilsners, Bocks, Helles
3) By Stouts And Porters: Dry Stouts, Milk Stouts, Imperial Stouts, Robust Porters, Baltic Porters
4) By Malts: Malt Beverages, Malt Extracts, Non-Alcoholic Malt Beverages

Unlock Exclusive Market Insights - Purchase Your Research Report Now!
https://www.thebusinessresearchcompany.com/purchaseoptions.aspx?id=3554

What regions are leading the charge in the beer market?
Asia-Pacific was the largest region in the beer market in 2024. Western Europe was the second-largest region in the beer market. The regions covered in the beer market report are Asia-Pacific, Western Europe, Eastern Europe, North America, South America, Middle East, Africa

What companies are at the forefront of innovation in the beer market?
Major companies operating in the beer market include 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, Kirin Holdings Company, Limited, Thai Beverage Public Company Limited, Kingfisher, Tuborg, Budweiser, Hangzhou Qiandaohu Beer Co., Ltd., Harbin Beer, Tsingtao Beer, Asahi Super Dry, Kirin Ichiban Shibori, Suntory The Premium Malt's and Sapporo Nama Beer Black Label, Hubei Jing Brand Brewing Co., Ltd., Taiwan Tobacco & Liquor Corporation, Zhaoyuan Brewing Factory, Krombacher Brauerei Bernhard Schadeberg GmbH & Co.KG, Birrificio Italiano, Bitburger Brewery, Breckenridge Brewer, Boston Beer Company, Dogfish Head Craft Brewery, Sierra Nevada Brewing Co., Squatters Pub, United Breweries Group, Erdinger Brewery, Lasco Brewery, New Belgium Brewing Company Inc., Oettinger Brewery, Radeberger Brewery, Scottish & Newcastle, Stone and Wood Brewing Co., Cloudwater Brew Co., North America Breweries, D.G. Yuengling & Son, Inc., Cool Beer Brewing Company, Craft Beer Importers Canada Inc., The Napanee Beer Company, Isla Brewing Company, The Beer Company Centro Histórico, Pabst Brewing Company, SABMiller Plc., China Res. Snow Breweries, Baltika Breweries LLC, Ambev S.A., Grupo Modelo, Kerin Beverage Company, Ball Corporation Crown Holdings, Inc., Chimay Beers and Cheeses, BAVARIA N.V, Group Castel, Constellation Brands.

Customize Your Report - Get Tailored Market Insights!
https://www.thebusinessresearchcompany.com/sample.aspx?id=3554&type=smp

What Is Covered In The Beer Global Market Report?

•Market Size Forecast: Examine the beer market size across key regions, countries, product categories, and applications.
•Segmentation Insights: Identify and classify subsegments within the beer market for a structured understanding.
•Key Players Overview: Analyze major players in the beer market, including their market value, share, and competitive positioning.
•Growth Trends Exploration: Assess individual growth patterns and future opportunities in the beer market.
•Segment Contributions: Evaluate how different segments drive overall growth in the beer market.
•Growth Factors: Highlight key drivers and opportunities influencing the expansion of the beer market.
•Industry Challenges: Identify potential risks and obstacles affecting the beer market.
•Competitive Landscape: Review strategic developments in the beer market, including expansions, agreements, and new product launches.

Connect with us on:
LinkedIn: https://in.linkedin.com/company/the-business-research-company,
Twitter: https://twitter.com/tbrc_info,
YouTube: https://www.youtube.com/channel/UC24_fI0rV8cR5DxlCpgmyFQ.

Contact Us
Europe: +44 207 1930 708,
Asia: +91 88972 63534,
Americas: +1 315 623 0293 or
Email:info@tbrc.info

Learn More About The Business Research Company
With over 15,000+ reports from 27 industries covering 60+ geographies, The Business Research Company has built a reputation for offering comprehensive, data-rich research and insights. Our flagship product, the Global Market Model delivers comprehensive and updated forecasts to support informed decision-making.

This release was published on openPR.