The beer market is driven by increasing consumer interest in
craft and premium beers, rising disposable incomes, innovation in
flavors and brewing techniques, and expanding distribution
channels.
WILMINGTON, Del., Sept. 5, 2024 /PRNewswire/ -- Allied Market
Research published a report, titled, "Beer
Market by Type (Lager, Ale, Stout & Porter, Malt
and Others), Category (Popular-priced, Premium and Super Premium),
and Packaging (Glass, Bottle, Can and Others): Global Opportunity
Analysis and Industry Forecast, 2024-2034". According to the
report, the beer market was valued at $650.2
billion in 2023, and is estimated to reach $873.0 billion by 2034, growing at a CAGR of 2.7%
from 2024 to 2034.
Download PDF
Brochure: https://www.alliedmarketresearch.com/request-sample/A00528
Prime determinants of growth
The growth of the beer market is fueled by growing consumer
interest in craft and premium beers has driven demand for diverse
flavors and unique brewing styles. Rising disposable incomes and a
shift towards premiumization allow consumers to explore
higher-quality beer options. Innovation in brewing techniques, such
as the development of new flavors and styles, attracts adventurous
drinkers and enhances market appeal. The increasing availability of
beer through expanded distribution channels, including online
platforms and specialty stores, improves accessibility.
Additionally, changing social trends and a greater emphasis on
social experiences have contributed to increased beer consumption.
The combination of these factors fuels the continued growth and
dynamism of the global beer market.
Report coverage & details:
Report
Coverage
|
Details
|
Forecast
Period
|
2024–2034
|
Base Year
|
2023
|
Market Size in
2023
|
$650.2
Billion
|
Market Size in
2034
|
$873.0
Billion
|
CAGR
|
2.7 %
|
No. of Pages in
Report
|
306
|
Segments
Covered
|
Type, Category,
Packaging and Region.
|
Drivers
|
Rise in demand for
low-alcohol and alcohol-free beer
|
Increase in number of
breweries and microbreweries
|
Growth in craft beer
industry
|
Opportunities
|
Increase in demand for
premium and specialty beers
|
Growth in popularity of
craft and artisanal beers
|
Restraints
|
Health concerns related
to alcohol consumption
|
Segment Highlights
The demand for lager is driven by several factors. Lager is the
most dominant segment in the beer market due to its broad appeal
and widespread acceptance. Its clean, crisp taste and relatively
mild flavor profile make it accessible to a wide range of
consumers, including those new to craft beers. Lagers are typically
brewed using bottom-fermenting yeast at cooler temperatures, which
results in a smooth, refreshing beer that pairs well with various
foods. This versatility contributes to its popularity across
different cultures and regions. Additionally, lagers are often
marketed by major beer producers, ensuring strong brand recognition
and extensive distribution networks.
The demand for premium is influenced by multiple factors.
Increasing consumer disposable incomes and a growing preference for
high-quality products have driven demand for premium beers, which
offer superior ingredients and unique brewing techniques. Premium
beers often feature distinctive flavors, craftmanship, and higher
alcohol content, appealing to consumers seeking a more refined and
diverse drinking experience. The rise of the craft beer movement
has also influenced this trend, as craft brewers emphasize quality
and innovation, contributing to the growth of the premium
segment.
Procure Complete Report (306 Pages PDF with Insights, Charts,
Tables, and Figures)
@ https://www.alliedmarketresearch.com/checkout-final/beer-market
The glass bottles dominated the packaging segment. Glass bottles
dominate the beer market due to their superior qualities that align
with consumer preferences and product requirements. Glass is
perceived as a premium packaging material, offering a traditional
and high-quality image that enhances the perceived value of the
beer. It effectively preserves the beer's taste, carbonation, and
freshness, preventing contamination and ensuring product integrity.
The clarity of glass bottles also allows consumers to visually
assess the beer's color and quality, which is important for many
beer enthusiasts.
Regional Outlook
Asia-Pacific region dominates
the beer market due to its large and growing consumer base,
significant economic development, and evolving drinking habits.
Countries like China, Japan, and India have substantial populations with
increasing disposable incomes, leading to higher beer consumption.
The rise of the middle class and urbanization in these countries
also contributes to greater demand for diverse and premium beer
options. Additionally, the region has seen a shift in consumer
preferences towards a broader range of beer styles, including craft
and premium beers, driven by changing tastes and globalization.
Major beer producers and local breweries have expanded their
presence in Asia-Pacific,
investing in production facilities and distribution networks to
cater to this growing market.
Players: -
- Anheuser-Busch InBev
- Beijing Enterprises Holdings Limited
- Carlsberg Group
- Diageo PLC
- Dogfish Head Craft Brewery, Inc.
- Heineken Holding NV.
- Squatters Pubs and Craft Beers
- Sierra Nevada Brewing Co.
- The Boston Beer Company, Inc.
- United Breweries Limited
The report provides a detailed analysis of these key players in
the global beer market. These players have adopted different
strategies such as new product launches, collaborations, expansion,
joint ventures, agreements, and others to increase their market
share and maintain dominant shares in different regions. The report
is valuable in highlighting business performance, operating
segments, product portfolio, and strategic moves of market players
to showcase the competitive scenario.
For Purchase
Inquiry: https://www.alliedmarketresearch.com/purchase-enquiry/A00528
Recent Development:
- In February 2023, In April 2023, BIRA 91 introduced two new
limited-edition beers, the 022 Session Ale and 011 Gully Pilsner as
well as customized merchandise paid homage to the Mumbai Indians
and Delhi Capital cricket teams.
- In June 2023, Heineken made
strategic adjustments to cater to changing market dynamics in
Vietnam. This included enhancing
local production capabilities and introducing new product lines to
meet the evolving preferences of Vietnamese consumers.
Trending Reports in Industry:
Light Beer Market: Opportunity Analysis and Industry Forecast,
2023-2033
Craft Beer Market Analysis and Industry Forecast, 2024–2034
Dark Beer Market Size, Share Analysis and Industry Growth
Forecast, 2023 – 2033
Bottled Beer Market Opportunity Analysis and Industry Forecast,
2023-2033
Fresh Beer Market Size, Share, Competitive Landscape Report,
2023-2032
Alcoholic And Non-Alcoholic Beer Market Analysis and Industry
Growth Report by 2034
About us:
Allied Market Research (AMR) is a full-service market research
and business-consulting wing of Allied Analytics LLP based in
Wilmington, Delaware. Allied
Market Research provides global enterprises as well as medium and
small businesses with unmatched quality of "Market Research
Reports" and "Business Intelligence Solutions." AMR has a targeted
view to provide business insights and consulting to assist its
clients to make strategic business decisions and achieve
sustainable growth in their respective market domain.
We are in professional corporate relations with various
companies and this helps us in digging out market data that helps
us generate accurate research data tables and confirms utmost
accuracy in our market forecasting. Allied Market Research CEO
Pawan Kumar is instrumental in
inspiring and encouraging everyone associated with the company to
maintain high quality of data and help clients in every way
possible to achieve success. Each and every data presented in the
reports published by us is extracted through primary interviews
with top officials from leading companies of domain concerned. Our
secondary data procurement methodology includes deep online and
offline research and discussion with knowledgeable professionals
and analysts in the industry.
Contact us:
David
Correa
1209 Orange Street,
Corporation Trust Center,
Wilmington, New Castle,
Delaware 19801 USA.
Int'l: +1-503-894-6022
Toll Free: +1-8007925285
Fax: +1-800-792-5285
help@alliedmarketresearch.com
Web:
https://www.alliedmarketresearch.com/reports-store/food-and-beverages
Follow Us on | Facebook | LinkedIn | YouTube
Logo:
https://mma.prnewswire.com/media/636519/Allied_Market_Research_Logo.jpg
View original
content:https://www.prnewswire.co.uk/news-releases/beer-market-to-reach-873-0-billion-globally-by-2034-at-2-7-cagr-allied-market-research-302239444.html