Global Beer Market Size 2024, Forecast To 2033
11 Mar, 2024
The beer market has experienced robust growth in recent years, escalating from $209.71 billion in 2023 to $221.25 billion in 2024 at a compound annual growth rate (CAGR) of 5.5%. This expansion in the historic period is attributed to the surge in alcohol consumption, the robust economic growth in emerging markets, and the prevalence of low-interest rates. Anticipating continued strength, the market is projected to further burgeon, reaching $269.92 billion in 2028 with a CAGR of 5.1%. The forecasted growth is influenced by the increasing penetration of e-commerce, ongoing technological advancements, and a rising global population. Noteworthy trends in this period include the production of non-alcoholic beer, the introduction of products with natural additives and coloring agents, collaborations with e-commerce platforms, investments in AI for improved beer quality and flavor, and a focus on launching flavored and immunity-boosting beer.
Global Beer Market Key Driver
The beer market is set for growth, primarily driven by the increasing demand for ready-to-drink (RTD) beverages in the forecast period. RTD beverages, single-use packaged drinks ready for immediate consumption, are gaining popularity among working adults due to their clean labels and functionality. The anticipation of boosted demand stems from the introduction of new flavors in the RTD alcoholic beverages, along with the convenience and ease of carrying associated with these beverages. This surge in demand for RTD beverages, including RTD alcoholic beverages, is poised to drive the alcoholic beverage market. The market size is projected to grow from $X billion in 2023 to $Y billion in 2024 and further expand to $Z billion by 2028.
Get A Free Sample Of The Global Beer Market ReportGlobal Beer Market Segments
The beer market covered in this report is segmented –
1) By Type: Ales, Lagers, Stouts & Porters, Malts
2) By Packaging: Canned, Bottled, Draught
3) By Category: Mass, Premium
4) By Distribution Channel: Off-Trade Channels, On-Trade Channels
By Geography:The regions covered in the beer market report are Australia, China, India, Indonesia, Japan, South Korea, Bangladesh, Thailand, Vietnam, Malaysia, Singapore, Philippines, Hong Kong, New Zealand, USA, Canada, Mexico, Brazil, Chile, Argentina, Colombia, Peru, France, Germany, UK, Austria, Belgium, Denmark, Finland, Ireland, Italy, Netherlands, Norway, Portugal, Spain, Sweden, Switzerland, Russia, Czech Republic, Poland, Romania, Ukraine, Saudi Arabia, Israel, Iran, Turkey, UAE, Egypt, Nigeria, South Africa
Asia-Pacific was the largest region in the beer market in 2023. 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
Major Beer Industry Players
Anheuser-Busch InBev SA/NV, Heineken N.V., Carlsberg Group, Molson Coors Beverage Company, Asahi Group Holdings, Ltd., China Resources Beer (Holdings) Company Limited, Tsingtao Brewery 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, AB InBev UK Ltd, Marston’s plc, 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, MillerCoors, 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.
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Beer Market Overview
Beer is an alcoholic beverage that is brewed and fermented from malted barley. It is typically made from four primary ingredients such as water, malted barley (or other cereal grains), hops, and yeast.
Beer Global Market Report 2023 provides data on the global beer market such as market size, growth forecasts, segments and geographies, competitive landscape including leading competitors’ revenues, profiles and market shares. The beer market report identifies opportunities and strategies based on market trends and leading competitors’ approaches.