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Beer is a widely consumed alcoholic beverage all over the world. It is created by fermenting cereal grains, water, and yeast for a set amount of time. To give the drink a distinct flavour and smell, herbs and fruits are typically included. The alcohol percentage in beer ranges from less than 3% to 40% by volume (ABV), depending on the style and recipe. When consumed in moderation, beer has been found to help reduce heart and circulatory system diseases such as atherosclerosis, angina, stroke, and heart attack. The worldwide beer market report is researched and developed by considering segment analysis by material, packaging, distribution channel, and geography.
Beer Market Report Scope and Research Methodology :
The study vividly depicts a Beer Market structure, including current market trends and predictions to find prospective investment opportunities. It includes a variety of market-influencing aspects such as historical data, recent technical advancements, the competitive landscape, and government policy. The Beer Market research informs clients on significant drivers, restraints, challenges, and opportunities. The market has been segmented into three major parts for ease of comprehension, and these major segments of the Beer Markets have been further divided into several sub-segments. The research also includes a segment-by-segment analysis of the variables impacting market growth, as well as a competitive analysis of prominent market competitors based on their expansion strategies, product, investments, price, and presence in the Beer sector.
The data acquired for the Beer Market study utilising these methodologies was pooled to draw reliable and error-free inferences. Interviews with subject-matter experts, Beer industry participants, high-level executives of key market companies, industry consultants, and other experts were conducted as part of the primary research. The PESTLE analysis in the market study supports the development of company strategies. The Beer Market's strengths and weaknesses were determined using a SWOT analysis.
Beer Market Overview:
The research looks at market growth drivers and obstacles, as well as corporate strategies, procedures, and a complete financial strategy. Customer expectations are met by customization and thorough information about Beer Market industry possibilities. The Beer Market research looks at the industry's competitive landscape and key players. This Beer Market study aids in structure planning in light of modern industrial conditions.
Beer Market Size was valued at USD 792.60 billion in 2022. Global Beer Market size is estimated to grow at a CAGR of 4.2 % over the forecast period.
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Beer Market Dynamics:
As a result of improving economic conditions and rising GDP in developing nations such as Asia Pacific and South America, consumers' per capita disposable incomes have increased. The rise in consumer disposable income is a critical component in the overall expansion of the alcoholic beverage business. Beer consumption increased by 0.5 percent globally to 189.05 million kilolitres, with growth of 0.7 percent and 5.2 percent in Asia and Africa, respectively. Product consumption in the worldwide beer market has increased as a result of consumers' rising embrace of westernised culture and increasing modernisation.
Beer Market Segmentation:
Lager topped the beer market by type with a 45% share in 2020. Lager is without a doubt the most well-known sort of beer in the world, owing to its distinct brewing process, which gives customers with a pleasant and crisp taste. Bottom-fermented and produced at a lower temperature, commonly 7 to 13° C, to provide consumers with a better beer drinking experience. Premium lager consumption has increased as a result of the growing customer preference for premium-sized beer. Premium beer demand is being driven by changing customer preferences, improving living standards, and modernization.
Ales is predicted to increase at a 5.6% CAGR during the forecast period. Ales are made with top-fermenting yeast, which is more alcohol-tolerant than lager yeast. Ale yeast may produce beer in as little as seven days, making it more convenient for small breweries that may not have the space for larger fermentation tanks on a regular basis. Furthermore, the growing desire for low-alcohol beer among young people and millennials is likely to boost demand for ales and stouts in the near future.
By way of packaging, The glass bottle is the most extensively used packaging material on the planet due to its low manufacturing cost. Drinking beer from a glass bottle, according to the makers, has a higher premium appeal than drinking beer from a metal can. Glass is durable, long-lasting, recyclable, and reusable. The essential features of glass bottles account for their ongoing demand as well as their rising popularity in specific enterprises and locations around the world.
Cans of beer are becoming increasingly popular among consumers in developed countries such as the United States, the United Kingdom, Canada, and others. Canned beer is gaining popularity because to its great preserving qualities, such as an effective and convenient container for storing and minimising exposure to flavor-damaging UV (Ultra-Violet) radiation.
By Distribution Channel, the Off-Trade segment held a 65% share of the beer market in 2020. Consumers in many economies are price-conscious, and they will not pay to consume beer in pubs, bars, or other on-trade establishments. The off-trade channel, which includes supermarkets, wine shops, specialty stores and others, sells products at a lesser price than the on-trade channel. Off-trade beer sales in Europe are expected to rise by 8% (20 million hectoliters) by 2020. The increasing adoption of various beer-drinking ways in countries has been related to the increased popularity of dine-out trends among customers.
Consumers in industrialised countries, on the other hand, prefer to be entertained while drinking quick-serving alcohol, which is causing on-trade consumption to spread globally. Although the epidemic severely impacted the on-trade channel, it is likely to improve dramatically once restrictions in various nations are lifted.
Beer Market Regional Insights:
The Beer the market is divided into five regions: Europe, North America, Asia-Pacific, the Middle East and Africa, and Latin America. The paper estimates revenue growth in USD terms at the regional and country levels from 2021 through 2029. The study includes a regional analysis with the Beer market size of each area. The countries section of the study looks at a number of market components that are projected to influence present and future Beer market trends, as well as changes in market rules at the country level. Consumption, production location and amount, import/export analysis, pricing analysis, raw material prices, and upstream and downstream value chain analysis are some of the major components utilised to forecast each country's Beer Market conditions.
Beer Market Key Players:
Anheuser-Busch InBev (Leuven, Belgium)
Heineken N.V. (Amsterdam, Netherlands)
China Resources Breweries (Beijing, China)
Carlsberg A/S (Copenhagen, Denmark)
Diageo Plc (London, U.K.)
Molson Coors Beverage Company (Illinois, U.S.)
Boston Beer Company (Massachusetts, U.S.)
Asahi Group Holdings Ltd (Tokyo, Japan)
Kirin Holdings Co. Ltd (Tokyo, Japan)
Beijing Yanjing Beer Group Corporation (Beijing, China)
Key Questions answered in the Beer Market Report are:
Key Offerings:
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Established in 2018, Stellar Market Research is an India-based consulting and advisory firm focused on helping clients reach their business transformation objectives with advisory services and strategic business. The company’s vision is to be an integral part of the client’s business as a strategic knowledge partner. Stellar Market Research provides end-to-end solutions that go beyond key research technologies to help executives in any organization achieve their mission-critical goals. The company has clients from all across the globe, 23 % from India and others from Japan, Korea, Germany, United States, etc. The company uses its extensive industry knowledge, strong network, and know-how to provide complete insights that give clients a competitive advantage.
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