Beer Market Trends

  • Report ID: 6085
  • Published Date: Nov 15, 2024
  • Report Format: PDF, PPT

Beer Market Trends

Growth Drivers

  • Growing awareness about health - The number of people becoming more health-conscious is one of the factors driving the expansion of this industry. A study in 2021 indicates that around 21.5% of consumers worldwide claim to be actively attempting to cut back on their alcohol use. Younger customers are especially affected by this trend since they are more inclined to look for non-alcoholic and low-alcohol products.
  •  Escalating e-commerce and online retail sector - The growth of e-commerce and online retail drives the market. In addition, e-commerce has provided manufacturers and retailers with new opportunities to gain a wider customer base. Consumers can more easily access several product types from the comfort of their homes through Internet stores and delivery services. According to the U.S. Census Bureau's estimates, US retail e-commerce sales for the 4th quarter of 2023 were USD 285.2 billion while overall retail sales are evaluated to be USD 1,831.4 billion.

Challenges

  • Health issues associated with beer - The growth of this market is expected to be hindered by numerous health problems associated with beer and spirit consumption. Even though beer contains less alcohol, its consumption and mixing with other spirits can pose a problem. Liver tissue deterioration can occur due to excessive use of these beverages.
  • Legal standards linked with alcohol consumption are predicted to hinder the market growth in the upcoming period.

    Side effects of beer are set to hamper the market growth in the forecast period

Beer Market: Key Insights

Base Year

2024

Forecast Year

2025-2037

CAGR

3.6%

Base Year Market Size

USD 845.74 billion

Forecast Year Market Size

USD 1.34 trillion

Regional Scope

  • North America (U.S., and Canada)
  • Latin America (Mexico, Argentina, Rest of Latin America)
  • Asia-Pacific (Japan, China, India, Indonesia, Malaysia, Australia, Rest of Asia-Pacific)
  • Europe (U.K., Germany, France, Italy, Spain, Russia, NORDIC, Rest of Europe)
  • Middle East and Africa (Israel, GCC North Africa, South Africa, Rest of the Middle East and Africa)
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Browse Key Market Insights with Data Illustration:


Author Credits:  Parul Atri


  • Report ID: 6085
  • Published Date: Nov 15, 2024
  • Report Format: PDF, PPT

Frequently Asked Questions (FAQ)

In the year 2025, the industry size of beer is estimated at USD 870.1 billion.

The beer market size was valued at USD 845.74 billion in 2024 and is likely to cross USD 1.34 trillion by 2037, expanding at more than 3.6% CAGR during the forecast period i.e., between 2025-2037. Developing nations around the globe are seeing rapid urbanization and lifestyle changes, driving the market growth.

Europe industry is predicted to account for largest revenue share of 33% by 2037, impelled by deep history and a wide range of brewing traditions in the region.

The major players in the market are Anheuser-Bush InBev, Diageo, Beijing Enterprises Holdings, Dogfish Head Craft Brewery, Nited Brewery, Sierra Nevada Brewing Co, and others.
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