The Global Beer Market: Brewing Success in a Frothy Industry
Data Bridge Market Research analyses that the beer market, which was USD 718.76 billion in 2022, is expected to reach USD 1,108.10 billion by 2030, at a CAGR of 5.56% during the forecast period 2023 to 2030. In addition to the insights on market scenarios such as market value, growth rate, segmentation, geographical coverage, and major players, the market reports curated by the Data Bridge Market Research also include in-depth expert analysis, geographically represented company-wise production and capacity, network layouts of distributors and partners, detailed and updated price trend analysis and deficit analysis of supply chain and demand.
Beer, one of the world's oldest alcoholic beverages, has been enjoyed by civilizations for centuries. In modern times, the global beer market has evolved into a dynamic and vibrant industry, catering to diverse tastes and preferences across the globe. From traditional lagers to craft brews, the beer market offers a wide range of products, making it a popular choice among consumers of legal drinking age. This article explores the key factors driving the growth of the global beer market, its market segmentation, major players, and emerging trends.
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Market Segmentation:
The global beer market can be segmented based on product type, packaging, distribution channel, and geography.
Product Type: a. Lager: Pale lager, light lager, dark lager, etc. b. Ale: Pale ale, India Pale Ale (IPA), stout, porter, etc. c. Specialty Beers: Wheat beer, fruit-infused beer, sour beer, etc. d. Non-Alcoholic Beer
Packaging: a. Bottles: Glass, PET b. Cans c. Draught/Kegs
Distribution Channel: a. On-Trade (Bars, Pubs, Restaurants) b. Off-Trade (Supermarkets, Convenience Stores) c. Online Retail
Major Players:
The global beer market is highly competitive, with numerous international and regional players vying for market share. Some of the leading breweries and beer companies worldwide include:
- Anheuser-Busch InBev
- Heineken N.V.
- China Resources Snow Breweries Ltd.
- Carlsberg Group
- Tsingtao Brewery Co., Ltd.
- SABMiller (acquired by Anheuser-Busch InBev)
- Asahi Group Holdings, Ltd.
- Molson Coors Beverage Company
- Kirin Holdings Company, Limited
- Diageo plc
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Market Drivers:
Changing Consumer Preferences: As consumers become more adventurous in their choices, the demand for diverse and innovative beer flavors has risen. Craft breweries, in particular, have gained popularity for their ability to experiment with unique ingredients and brewing techniques, attracting consumers seeking novel taste experiences.
Rising Beer Culture and Socialization: The social aspect of consuming beer has contributed significantly to its market growth. Beer is often associated with gatherings, celebrations, and social events, fostering a vibrant beer-drinking culture around the world.
Expanding Global Population of Legal Drinking Age: With an increasing number of individuals reaching the legal drinking age in various regions, the potential consumer base for beer has expanded, creating opportunities for market growth.
Complete Report Details with Facts and Figures along respective Images and Graphs (TOC) https://www.databridgemarketresearch.com/toc/?dbmr=global-beer-market
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