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 flavor and scent, herbs and fruits are frequently added. The alcohol concentration in beer ranges from less than 3% to 40% by volume (ABV), depending on the style and recipe.
Beer Market Report Scope and Research Methodology:
This study goes into great detail about demand projections, market trends, and micro and macro variables. The report also discusses the factors that are driving and restraining the growth of the Beer market. The SMR Matrix informs existing and new market participants about potential investment opportunities. To provide market insights, the research employs analytical methodologies such as Porter's five forces analysis and the PESTLE of the Beer market. Furthermore, the study investigates current market trends as well as forecasts for the years 2022-2029. The analysis also includes key upcoming developments that are expected to have an impact on demand during the forecast period. The bottom-up approach was used to estimate the size of the Beer market.
Beer Market Overview:
The report examines the Beer market in depth, with a focus on market dynamics, competitive scenario, regional growth, segment-wise analysis, and key growth strategies. The market is divided into regions. The analysis includes a thorough examination of the Beer market size and share across a wide range of industry verticals.
Beer Market Size was valued at USD 730 billion in 2020. Global Beer Market size is estimated to grow at a CAGR of 4.2 % over the forecast period.
Key Players:
The market's leading players are embracing various growth strategies, such as partnerships and strategic alliances, as well as new product launches, to increase their presence in emerging markets and, ultimately, to broaden their customer base.
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)
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Beer Market Dynamics:
As a result of improving economic conditions and rising GDP in developing countries 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 industry. Beer consumption increased by 0.5 percent globally to 189.05 million kilolitres, with gains of 0.7 percent and 5.2 percent in Asia and Africa, respectively. Product consumption in the global beer market has increased as a result of consumers' growing embrace of westernized culture and increasing modernization.
Beer Market Regional Analysis:
Thanks to the geographical insights in the reports, readers will be well-informed on the Beer market on a regional level. A detailed awareness of local energy, economic, political, and geographic factors is required for any meaningful assessment of potential policy options in response to market change. The study provides readers with regional perspectives on Beer market and local growth potential, as well as domestic area restraints.
- Asia-Pacific (Vietnam, China, Malaysia, Japan, Philippines, Korea, Thailand, India, Indonesia, and Australia)
- Europe (Turkey, Germany, Russia UK, Italy, France, etc.)
- North America (the United States, Mexico, and Canada.)
- South America (Brazil etc.)
- The Middle East and Africa (GCC Countries and Egypt.)
Beer Market Segmentation:
Bottom-fermented and brewed at a lower temperature, often 7 to 13° C, to provide consumers with a better beer drinking experience. Premium lager consumption has increased as a result of the growing consumer preference for premium-sized beer. Premium beer demand is being driven by changing consumer preferences, rising living standards, and modernity.
Beer Market Key Competitors:
Consumers in developed 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 pandemic severely harmed the on-trade channel, it is expected to improve significantly once restrictions in various countries are lifted.
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Key Questions answered in the Beer Market Report are:
- What are the current trends that may negatively impact the Beer market?
- How will the major segments of this international Beer market develop over the next few years?
- Who are the major players that are expected to dominate the Beer market in the future?
- What is the growth forecast for Beer market?
- Which region is expected to hold the largest Beer market share?
About Stellar Market Research
Established in 2018, Stellar Market Research is India Based consulting and advisory firm focused on helping clients to 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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