Beer Market Size Research Report

 

The GMI Research's latest analysis reveals that the Beer Market is slated to register a significant CAGR over the forecast period. This is attributed to the increasing consumer preference toward alcoholic beverages, rising disposable income, the shift in individual habits has surged the penetration of beer in metro cities, the easy availability of beer in retail outlets, and increasing urbanization.

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Beer Market’s leading Manufacturers:

·        SABMiller Plc

·        Ab Inbev SA

·        Carlsberg Breweries A/S

·        Heineken N.V.

·        China Resources Beer Company Ltd

·        Pabst Brewing Company LLC

·        Molson Coors Beverage Company

·        Tsingtao Beer Trading Co. Ltd

·        Asahi Group Holdings

·        Boston Beer Company, Inc.

Beer Market Dynamics (including market size, share, trends, growth, forecast, and industry analysis)

Key Drivers

The increasing consumer preference toward alcoholic beverages, rising disposable income, and increasing urbanization are the key drivers contributing to the growth of the beer market size. The majority of the population is drastically shifting towards urban areas from rural areas to enhance their lifestyle. Presently, the urban population comprises working people and youngsters who are attracted to western culture and have begun implementing numerous cultural changes. The consumption of alcohol has been a widespread stigma in society. The adoption of western culture has fundamentally changed the perception of people towards alcohol. Nowadays, drinking in bars and house parties has become an important part of the sociocultural context. As per the beer market analysis, the shift in individual habits has surged the penetration of beer in metro cities, along with the easy availability of beer in retail outlets will further bolster the growth of the beer market share in terms of revenue. Rapid urbanization is another factor fuelling the growth of the beer market during the forecast period.

The beer market can create new opportunities by attracting female customers. According to the beer market research, with the increasing urbanization and the rising trend of women empowerment, the total percentage of the working female population is growing continuously. This factor has significantly shifted the interest of females towards western culture, which also boosts the growth of the beer market. On the other hand, increasing health awareness among people will hamper the growth of the market. The emergence of the COVID-19 pandemic has adversely impacted the growth of the beer market due to the temporary shutdown of alcohol bars, shops, and restaurants that are serving alcoholic drinks. However, the market is projected to bounce back in 2021 while increasing at a substantial rate from 2022.

Production Segment Drivers

Based on production, the market is segmented into macro brewery and micro brewery. The micro brewery is predicted to rise at a higher CAGR in the coming years. Microbrewery generates craft beers enhanced in taste and flavor, offers numerous health benefits, has different varieties, has lower cost, and microbrewery is an environmentally friendly process. All these factors are expected to upsurge the growth of the market.

Beer Market Segmentation:

Segmentation by Product:

·        Light Beer

·        Strong Beer

Segmentation by Production:

·        Macro Brewery

·        Micro Brewery

Segmentation by Category:

·        Premium Beer

·        Super Premium Beer

·        Normal Beer

Segmentation by Packaging:

·        Canned Beer

·        Bottled Beer

·        Draught Beer

Segmentation by Region:

·        North America

o   United States of America

o   Canada

·        Asia Pacific

o   China

o   Japan

o   India

o   Rest of APAC

·        Europe

o   United Kingdom

o   Germany

o   France

o   Spain

o   Rest of Europe

·        RoW

o   Brazil

o   South Africa

o   Saudi Arabia

o   UAE

o   Rest of the world (remaining countries of the LAMEA region)

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