Market Size For Beer in Global Food & Beverages Industry Was Worth $750 Billion in 2021 and Is Expected to Surpass Around $814.54 Billion Mark by 2028

Salt Lake City, UT, April 05, 2023 (GLOBE NEWSWIRE) -- Zion Market Research has published a new research report titled “Beer Market - Size, Share, Trends By Product Type (Lager, Ale, Stout & Porter, Malt, And Others), By Packaging (Metal Can And Glass Bottles), By Category (Premium Beer And Regular Beer), By Distribution Channel (Off-Trade Channels And On-Trade Channels) And By Region – Global And Regional Industry Overview, Market Intelligence, Comprehensive Analysis, Historical Data, And Forecasts 2022 – 2028” in its research database.

“According to the latest research study, the demand of global Beer Market size & share in terms of revenue was valued at USD 750.00 billion in 2021 and it is expected to surpass around USD 814.54 billion mark by 2028, growing at a compound annual growth rate (CAGR) of approximately 6.00% during the forecast period 2022 to 2028.”

What is Beer? How big is the Beer Industry?

Report Overview:

As per analysts at Zion Market Research, the global beer market was capitalized at almost USD 530.00 Billion in 2016 and is likely to cross almost USD 750.00 Billion by 2022, developing at a CAGR of almost 6.00% from 2017 to 2022.

Beer is an alcoholic beverage that is made via the process of fermentation, and it is one of the most well-liked types of alcoholic beverages found all over the world. Hops, water, and a number of other cereal grains like rice, wheat, maize, and rye are typically the components that go into its production. The alcohol percentage might range from less than 3% all the way up to 40% by volume, depending on the kind of formulation and the ingredients that go into making it.

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Global Beer Market: Growth Factors

In recent years, there has been a shift in the preferences and lifestyle choices of consumers as a result of increased exposure to digital media and increased digitalization. As a consequence of urbanisation and alterations in cultural perspectives, as well as advancements in technical capabilities, alcohol has evolved into a component of social interactions. In recent years, the beer industry has seen an increase in popularity and social acceptance thanks to a rise in the amount of discretionary income as well as an increased demand for low-alcohol beverages.

The market is developing as a result of several factors, including the introduction of low- and no-alcohol beer variations, the availability of beer online, and the ease of beer delivery to doorsteps in certain regions. All of these factors have contributed significantly to product diversity, paving the way for non-alcoholic and low-alcoholic beverage options to enter the market.

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Report Scope

Beer Market: Segmentation Analysis

The market for beer around the world can be broken down into several distinct subsets determined by factors such as product type, category, packaging, distribution channel, and region. Ale, malt, big, stout & porter, and other varieties are included in the product type category of this market segment. The market is broken down into the premium beer segment and the regular beer segment according to the category. Among them, the normal beer segment accounts for close to 60 percent of the market share, however the premium beer segment is anticipated to experience explosive growth over the course of the projected period. The global market is divided into the categories of glass bottles and metal cans based on the packaging. The off-trade channels and the on-trade channels are the two categories that make up the market segment known as the distribution channel. Off-trade channels currently have the lion's share of the market share among these.

The global Beer market is segmented as follows:

By Product

• Light Beer 
• Strong Beer

By Production

• Micro Breweries 
• Macro Breweries

By Category

• Premium
• Super Premium
• Normal

By Packaging 

• Canned
• Bottled
• Draught

Browse the full “Beer Market by Product (Light Beer and Strong Beer), by Production (Micro Breweries and Macro Breweries), by Category (Premium, Super Premium and Normal) and by Packaging (Canned, Bottled and Draught): Global Industry Perspective, Comprehensive Analysis and Forecast, 2016 – 2022”- Report at https://www.zionmarketresearch.com/report/beer-market

Competitive Landscape

Some of the main competitors dominating the global Beer market include - 

• Heineken N.V.
• Diageo Plc
• Carlsberg A/S
• China Resources Breweries
• Anheuser-Busch InBev
• Beijing Yanjing Beer Group Corporation
• Kirin Holdings Co. Ltd
• Asahi Group Holdings Ltd
• Boston Beer Company
• Molson Coors Beverage Company
• among others.

 Key Insights from Primary Research:

• According to the analysis shared by our research forecaster, the Beer market is likely to expand at a CAGR of around 6.00% during the forecast period (2022-2028).                                                       
• In terms of revenue, the Beer market size was valued at around US$ 750.00 billion in 2021 and is projected to reach US$ 814.54 billion by 2028.
• Based on packaging segmentation, the global market is bifurcated into metal cans and glass bottles 2021.
• Based on the category, the market is segregated into premium beer and regular beer 2021.
• On the basis of geography, the “Asia Pacific” region was the leading revenue generator in 2021

Have Any Query? Ask Our Experts: https://www.zionmarketresearch.com/inquiry/beer-market-size

Key questions answered in this report:

• What is the market size and growth rate forecast for Beer industry?
• What are the main driving factors propelling the Beer Market forward?
• What are the leading companies in the Beer Industry?
• What segments does the Beer Market cover?
• How can I receive a free copy of the Beer Market sample report and company profiles?

Key Offerings:

• Market Size & Forecast by Revenue | 2022−2028
• Market Dynamics – Leading Trends, Growth Drivers, Restraints, and Investment Opportunities
• Market Segmentation – A detailed analysis By Product Type, By Category, By Packaging, By Distribution Channel, And By Region
• Competitive Landscape – Top Key Vendors and Other Prominent Vendors

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Regional Analysis:

The beer market was ruled by Asia Pacific and it held biggest income share in 2016. Asia Pacific area is likely to develop in the beer market at the uppermost growth rate in the years to come. There has been a noteworthy development in the requirement for beer in the developing nations of Asia Pacific. Altering lifestyle is majorly driving beer market in this area. Asia Pacific was chased by North America and Europe in terms of income in 2016. North America and Europe market are likely to develop at a moderate growth rate in the beer market owing to increasing health concerns and rise in a number of legal regulations. Latin America is one more major regional market and is likely to see considerable development in the beer market within the forecast period.

By Region

• North America
  • U.S.
  • Canada
  • Rest of North America
• Europe
  • France
  • UK
  • Spain
  • Germany
  • Italy
  • Rest of Europe
• Asia Pacific
  • China
  • Japan
  • India
  • South Korea
  • Rest of Asia Pacific
• The Middle East & Africa
  • Saudi Arabia
  • South Africa
  • Rest of the Middle East & Africa
• Latin America
  • Brazil
  • Argentina
  • Rest of Latin America

Recent Developments

• In April 2021, B9 Beverages, the Indian company behind the Bira 91 beer brand, announced the launch of a slew of new beers as well as the re-launch of numerous existing ones.
• In March 2021, BrewDog, the world-famous Scottish beer brand, opens its first outlet in India.

To know an additional revised 2022 list of market players, request a brochure of the report: https://www.zionmarketresearch.com/requestbrochure/beer-market-size

FREQUENTLY ASKED QUESTIONS

• Which key factors will influence Beer market growth over 2022-2028?
• What will be the value of the Beer market during 2022-2028?
• Which region will contribute notably towards the Beer market value?
• Which are the major players leveraging the Beer market growth?
• What is the benefits of Beer?

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