Beer Market Size, Share, Industry Analysis - 2024-2031
The global Beer Market was valued at US$699.1 billion in 2024 and is projected to grow to US$1,025.4 billion by 2031, with a CAGR of 4.9% from 2024 to 2031. Beer, one of the oldest and most widely consumed alcoholic beverages, ranks as the third most popular alcoholic drink worldwide.
Beer, an alcoholic beverage made from malted grains such as wheat, maize, and rice, is yeast-fermented and carbonated. While moderate consumption can offer health benefits like reducing the risk of kidney stones and heat-related illnesses, excessive intake can lead to issues such as belly fat. A notable market trend is the rising popularity of craft beer.
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Market Dynamics:
Craft Beer's Increasing Popularity Will Fuel Market Expansion
The demand for craft beer is swiftly increasing, particularly among younger consumers who are drawn to its diverse flavors and profiles. Independent breweries are gaining popularity for their innovative use of ingredients to create unique tastes. For example, the Miami Brewing Company in Redlands produces distinctive beers using exotic tropical fruits from South Florida. This surge in craft beer consumption has intensified competition among beer companies, as they strive to offer new and exciting flavors beyond those available from macrobreweries.
Segment Covered in the Beer Market
By Category: Dark Beer, Lager, Low/Non-Alcohol Beer, Stout
By Packaging: Bottle, Can, Draught
By Distribution Channel: On-Trade, Off-Trade
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Major Key players involved in Beer Market:
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AB InBev
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SABMiller
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Heineken
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Carlsberg Group
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CR Beer
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Boston Beer
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Tsingtao Brewery
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Modelo
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Molson Coors
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Diageo
Regional Analysis:
The global Beer Market report focuses on six major regions: North America, Latin America, Europe, Asia Pacific, the Middle East, and Africa.
The Beer Market report focuses on six major regions: North America, Latin America, Europe, Asia Pacific, the Middle East, and Africa. The report offers detailed insight into new product launches, new technology evolutions, innovative services, and ongoing R&D. The report discusses a qualitative and quantitative market analysis, including PEST analysis, SWOT analysis, and Porter’s five force analysis. The Transradial Access Devices Market report also provides fundamental details such as raw material sources, distribution networks, methodologies, production capacities, industry supply chain, and product specifications.
Key Developments
In April 2023, Ronin Equity Partners, an operationally-focused buyout group, established the Lotus Beverage Alliance through the merger of six companies. The newly formed group, which includes Alpha Brewing Operations, GW Kent, Twin Monkeys, Stout Tanks and Kettles, Brewmation, and Automated Extractions, combines 75 years of industry experience and operates from locations in Lincoln, Nebraska; Ypsilanti, Michigan; Denver, Colorado; Portland, Oregon; and Hopewell Junction, New York.
In August 2022, Shiner Beer partnered with Academy Sports + Outdoors to create a unique collaboration, launching the first-ever Magellan Outdoors x Shiner co-branded line available exclusively at Academy Sports + Outdoors stores.
In December 2022, Big Rock Brewery Inc. announced a three-year customer marketing agreement with Browns Social House Ltd., a key player in the casual dining sector. This agreement will see Big Rock produce and distribute Social Lager and Social IPA to Browns' locations across Canada. Browns, headquartered in Vancouver, operates over 70 venues under the names Browns Social House, Browns Craft House, and Liberty Kitchen.
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