-- Beer Market is expected to hit $685.35 billion by 2025, registering a CAGR of 1.8% from 2019 to 2025. The report provides an extensive analysis of the market dynamics including drivers & restraints, major winning strategies, market size & projections, competitive landscape, and major segments.
Increase in disposable income and changing consumer preferences, rise in number of on-premise distribution channels, and surge in youth population and average number of female drinkers, globally boost the growth of the global beer market. On the other hand, volatile raw material prices, taxations and higher excise duties on imported and local beer, and impact assessment curb the growth to certain extent. However, advancement of naturally sweetened, healthier alcoholic drinks, and impact analysis are anticipated to bring a number of opportunities for the key players in the industry.
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Beer is one of the most largely consumed alcoholic beverages in the world. It is prepared using malted cereals, hops, and water. Factors such as cultural changes and penetration of western culture have influenced consumers behavior and inclination toward alcoholic beverages. Beer companies have recently introduced light, low-calorie alcoholic beverages, targeting the female audience. Moreover, changes in social lifestyle of the working class and growth in disposable income, especially in the developing Asian economies fuel the growth of the market.
The global beer market is analyzed by type, category, packaging, production, and region. Based on type, the market is segmented into lager, ale, stout & porter, malt, and others. The lager segment accounted for nearly half of the global market share in 2017, and is anticipated to retain its dominance by 2025. Whereas, the malt segment, would register the fastest CAGR of 2.0% throughout the estimated period.
Based on category, the market is separated popular-priced, premium, and super premium. The premium segment held the largest share in 2017, contributing for nearly three-fifths of the global beer market. On the other hand, the super-premium segment is expected to cite the fastest CAGR of 1.9% during the forecast period.
Region wise, the market is analyzed across North America, Europe, Asia-Pacific, and LAMEA. The region across Asia-Pacific accounted for nearly two-fifths of the global beer market revenue in 2017, and is projected to remain lucrative by the end of 2025. On the other hand, the LAMEA region is expected to manifest the fastest CAGR of 1.9% throughout the estimated period.
Key market players analyzed in the research include The Boston Beer Company, Inc., Anheuser-Busch InBev, Carlsberg Group, Beijing Yanjing Brewery, Squatters Pub, Dogfish Head Craft Brewery, United Breweries Group, Diageo PLC, Sierra Nevada Brewing Co., and Heineken N.V.
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