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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.

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.

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What Are The Key Trends That Influence Beer Market Share Analysis?

The rise in automation technology and the need for improved customer experiences in crowded bars have increased the popularity of self-serve beer bars. These bars feature taps with touch screens and card readers, allowing customers to select and pay for drinks themselves. For example, the PourMyBeer system, installed in over 500 locations as of March 2022, includes casinos, hotels, and restaurants. Table Tap also offers self-serve beer walls under the WallTender trademark, providing similar convenience.

Which Market Players Are Driving Growth In The Beer Market?

Major companies operating in the beer market report are 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.

How Is The Global Beer Market Segmented?

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

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The Beer Global Market Report 2024 provides an overview of the beermarket 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 and their market positions.

The Table Of Content For The Beer Market Include

1. Beer Market Executive Summary
2. Beer Market Segments
3. Beer Market Size And Template Market Growth Rate
4.  Key Beer Market Trends
5. Major Beer Market Drivers
……
25. Key Mergers And Acquisitions In The Beer Market
26. Top Beer Companies
27. Beer Market Opportunities And Strategies
28. Beer Market, Conclusions And Recommendations
29. Appendix

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