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Aug 08, 2023

Beer Market Set to Reach Valuation of USD 1,108.10 Billion by 2030, Size, Share, Trends, Demand, Future Growth, Challenges and Competitive Analysis

LONDON, May 30, 2023 (GLOBE NEWSWIRE) -- A recent study report released by

LONDON, May 30, 2023 (GLOBE NEWSWIRE) -- A recent study report released by Data Bridge Market research titled " Beer Market " (covering USA, Europe, China, Japan, India, South East Asia and etc) highlights opportunities, risk analysis, and leveraged with strategic and tactical decision-making support. A high-ranking Beer market research report is a high-quality report having in-depth market research studies. It presents a definite solution to obtain market insights with which businesses can think about market place clearly and thereby take important decisions for the growth of the business. All the data, facts, figures, and information is backed up by well-renowned analysis tools which include SWOT analysis and Porter's Five Forces analysis. A number of steps are used while preparing the world-class Beer market document by taking inputs from a dedicated team of researchers, analysts, and forecasters. The market research analysis has been drawn in the top-notch Beer market report with consistent knowledge of what the market expects, what is already available, the competitive environment, and what can be done to outshine the competition. The report is a complete overview of the market, covering various aspects including product definition, market segmentation based on various parameters, and the prevailing vendor landscape. This business research report helps to stay up-to-date about the whole market and also gives a holistic view of the market. The Universal Beer market survey report is a professional in-depth study of the current state of the market and Beer industry.

Data Bridge Market Research analyses that the beer market, which was USD 718.76 billion in 2022, is expected to reach USD 1,108.10 billion by 2030, at a CAGR of 5.56% during the forecast period 2023 to 2030 . In addition to the insights on market scenarios such as market value, growth rate, segmentation, geographical coverage, and major players, the market reports curated by the Data Bridge Market Research also include in-depth expert analysis, geographically represented company-wise production and capacity, network layouts of distributors and partners, detailed and updated price trend analysis and deficit analysis of supply chain and demand.

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The alcoholic beverage beer is consumed all across the world, practically everywhere. It is among the oldest alcoholic drinks and ranks third in terms of popularity worldwide. It is an alcoholic beverage that is typically manufactured from malted cereal grains including wheat, maize, and rice. It is a carbonated yeast-fermented beverage. Beer consumption offers various health advantages. In addition to treating kidney stones, it lowers the risk of heart-related conditions and disorders. However, excessive consumption of anything is unhealthy, and drinking beer excessively can have negative effects. If one consumes too much, they may gain belly fat. Therefore, it's recommended to drink moderately, no more than one beer per day.

In 2023, beer sales will yield US$79.42 per person, based on population estimates. By 2027, out-of-home consumption (such as that seen in bars and restaurants) will account for 52% of spending and 33% of volume consumption in the beer category. The beer industry is anticipated to rise in volume by 2.1% in 2024. In the beer segment, the average volume per person is anticipated to reach 22.67L in 2023.

Recent Developments:

Fundamental Aim of Beer Market Report

In the Beer market, every company has goals, but this report focuses in on the most important ones, allowing you to gain insight into the competition, the future of the market, potential new products, and other useful information that can boost your sales significantly.

The Beer Market is Dominated by Firms Such as

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Opportunities for Key Players:

Low alcohol by volume ratio (ABV) fruit beers are becoming more and more popular, especially with consumers who are concerned about their health. Low-alcohol fruit beer consumption has no negative effects on the liver or kidneys and does not cause intoxication. The low alcohol fruit beer's health advantages will boost consumer demand. In order to meet this rising demand, fruit beer market vendors are expanding their product lineup by introducing new low-alcohol fruit beer brands. This would be a significant development that would have an impact on market expansion.

The globalization of online trade has made it possible for fruit beer vendors to sell their products online. Online retailers, as opposed to traditional brick-and-mortar businesses, offer quick distribution, additional incentives, payment options, and increased label visibility. Additionally, customers can now choose fruit beers from a variety of brew series on one platform thanks to online retailers. By selling fruit beer online, businesses can avoid having to make the significant investment in physical storefronts that would be necessary to offer it. Increase market growth as a result of all these variables.

The investment made in the study would provide you access to information such as:

Key Market Segments Covered in Beer Industry Research

Type

Taste

Category

Packaging

Production

Distribution Channel

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Key Growth Drivers:

Craft beer demand is significantly increasing, according to the industry. Craft beer is preferred by young drinkers because it comes in a range of flavours and flavour profiles. Beer made by independent breweries is gaining popularity. Craft breweries are renowned for their ongoing research into various ingredients to create unique flavours. For instance, the Redlands-based Miami Brewing Company creates distinctive beverages using exotic tropical fruits from South Florida. Beer brands have become more competitive as a result of rising beverage consumption, which has stimulated the development of new flavours and increased consumption. As they provide a variety of flavours in addition to those offered by macro breweries, craft beers are becoming more and more popular.

Macro brewery led the market in 2021, accounting for around 67% of total revenue, and is predicted to continue this pattern over the forecast period. Brewery statistics show that four companies dominate the global market, accounting for more than half of all breweries worldwide. These include Carlsberg Breweries A/S, Heineken, China Resources Snow Breweries, and Anheuser-Busch InBev. In 2020, 42% of all beer drank in America was produced by Anheuser-Busch InBev, according to sales statistics published by the Guardian and Food and Water Watch study.

Beer Market Regional Analysis/Insights:

The countries covered in the beer market report are U.S., Canada, Mexico in North America, Germany, Sweden, Poland, Denmark, Italy, U.K., France, Spain, Netherland, Belgium, Switzerland, Turkey, Russia, Rest of Europe in Europe, Japan, China, India, South Korea, New Zealand, Vietnam, Australia, Singapore, Malaysia, Thailand, Indonesia, Philippines, Rest of Asia-Pacific (APAC) in Asia-Pacific (APAC), Brazil, Argentina, Rest of South America as a part of South America, UAE, Saudi Arabia, Oman, Qatar, Kuwait, South Africa, Rest of Middle East and Africa (MEA) as a part of Middle East and Africa (MEA).

The majority of the market was in Asia-Pacific. Urbanisation and growing purchasing power have fostered this growth. Asia has the largest yearly beer consumption in the world for the 11th consecutive year. China is still the region's biggest buyer by far. After the United States, it is the second-largest drinker of beer worldwide.

The region with the fastest growth is expected to be North America. Strong sales growth in the United States, Canada, and Mexico is anticipated to support this expansion. North America's beer business has been expanding as a result of increased disposable incomes, a rising desire for non-alcoholic drinks, and advancing societal acceptance.

This Market Intelligence Report Analyses Some of the Most Crucial Concerns:

Table of Contents:

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