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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 flavour and smell, herbs and fruits are typically included. The alcohol percentage in beer ranges from less than 3% to 40% by volume (ABV), depending on the style and recipe. When consumed in moderation, beer has been found to help reduce heart and circulatory system diseases such as atherosclerosis, angina, stroke, and heart attack. The worldwide beer market report is researched and developed by considering segment analysis by material, packaging, distribution channel, and geography.
Beer Market Report Scope and Research Methodology:
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Beer Market Overview:
Stellar Market Research has published a report titled Beer Market Manufacturers, Regions, Types, Applications, Segments, and Forecast to 2029. The report examines insights in the context of the Beer market, including its ever-changing patterns, industrial environment, and other key market components.
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.
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Beer Market Segmentation:
Lager held a 45% share of the beer market in 2020. Lager is unquestionably the most well-known form of beer in the world, thanks to its unique brewing technique, which gives customers with a refreshing and crisp taste. Bottom-fermented and brewed with 5 to 11 percent ABV at a lower temperature, commonly 7 to 13° C, to provide customers with a better beer drinking experience. Premium lager consumption has increased as a result of the growing customer preference for premium-sized beers. Variable customer preferences, improving living standards, and modernism are fuelling demand for premium beers.
By way of packaging, The glass bottle is the most extensively used packaging material on the planet due to its low manufacturing cost. Drinking beer from a glass bottle, according to the makers, has a higher premium appeal than drinking beer from a metal can. Glass is durable, long-lasting, recyclable, and reusable. The essential features of glass bottles account for their ongoing demand as well as their rising popularity in specific enterprises and locations around the world.
Cans of beer are becoming increasingly popular among consumers in developed countries such as the United States, the United Kingdom, Canada, and others. Canned beer is becoming more popular in these countries due to its great preserving qualities, such as an effective and convenient container for storing and minimising exposure to flavor-damaging UV (Ultra-Violet) radiation.
By Distribution Channel, the Off-Trade segment held a 65% share of the beer market in 2020. Consumers in many economies are price-conscious, and they will not pay to consume beer in pubs, bars, or other on-trade establishments. The off-trade channel, which includes supermarkets, wine shops, specialty stores and others, sells products at a lesser price than the on-trade channel. Off-trade beer sales in Europe are expected to rise by 8% (20 million hectoliters) by 2020. The increasing adoption of various beer-drinking ways in countries has been related to the increased popularity of dine-out trends among customers.
Consumers in industrialised 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 epidemic severely impacted the on-trade channel, it is likely to improve dramatically once restrictions in various nations are lifted.
Beer Market Key Players:
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)
Beer Market Regional Insights:
The market study examines market size, dynamics, and market share in the following regions: North America, Europe, Asia Pacific, South America, the Middle East, and Africa.
Key Questions answered in the Beer Market Report are:
Key Offerings:
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About Stellar Market Research
Established in 2018, Stellar Market Research is an India-based consulting and advisory firm focused on helping clients 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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