Global Beer Market Size, Drivers, Trends, Opportunities And Strategies – Includes Beer Market Growth
The Business Research Company’s global market reports are now updated with the latest market sizing information for the year 2023 and forecasted to 2032
Increasing demand for ready-to-drink (RTD) beverages are expected to drive innovation in beer manufacturing, thus driving the market during the forecast period.
The global beer market is expected to grow from $219.48 billion in 2022 to $235.69 billion in 2023 at a compound annual growth rate (CAGR) of 7.4%. The beer market is expected to grow to $303.11 billion in 2027 at a CAGR of 6.5%.
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Global Beer Market Segments Include:
- By Type: Ales, Lagers, Stouts & Porters, Malts
- By Distribution Channel: Off-Trade Channels, On-Trade Channels
- By Packaging: Canned, Bottled, Draught
- By Category: Mass, Premium
- By Geography: The market is segmented into North America, South America, Asia-Pacific, Eastern Europe, Western Europe, Middle East and Africa. Among these regions, Asia Pacific is the largest region in the global beer market in 2021.
Major Market Players in the beer market include Anheuser-Busch InBev SA/NV, Heineken N.V., Carlsberg Breweries Group, Asahi Group Holdings Ltd., Constellation Brands, China Resources Beer (Holdings) Company Limited.
Advancements in automation technology and the need to improve customer experience in crowded bars have increased the demand for self-serve beer bars. Self-serve beer bars have taps arranged along a wall with touch screens and card readers. Customers can choose from various options using the touch screen, make payments using plastic RFID cards, and dispense beer from taps in the vending machine. Self-serve beer bars help reduce the struggle to order drinks in overcrowded bars. For instance, the PourMyBeer system allows customers to serve themselves using interactive touch screens and taps installed on walls. As of March 2022, the system has been installed over 500 locations which include casinos, hotels, military bases, restaurants, bars, breweries, food halls, and others. Table Tap is another such company offering self-serve beer walls under the trademark WallTender.
The Beer Global Market Report 2023 provides a beer market overview for the time series: historic years (2010 – 2021) and ten years forecast (2023 – 2032). The beer market forecast analyzes beer market size, beer market share, leading competitor market positions. The regions covered in the report include Asia-Pacific, China, Western Europe, Eastern Europe, North America, USA, South America, Middle East and Africa and the countries include Australia, Brazil, China, France, Germany, India, Indonesia, Japan, Russia, South Korea, UK, USA.
Beer is an alcoholic beverage that is brewed and fermented from malted barley.
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