The Beer Market is being driven by Rising demand for beer in emerging economies
The Beer Market is expected to grow at a CAGR of 3.7% during 2024 and 2029. During this period, the market is also expected to show a growth of USD 152.3 billion. The global beer market is witnessing an upward trend in mergers and acquisitions, with major vendors capitalizing on this strategy to expand their market presence and gain access to innovative products and technologies. This dynamic industry, underpinned by the enduring popularity of beer, has incentivized leading players to invest in or acquire smaller breweries and distributors, unlocking significant growth opportunities. For instance, in late 2022, Carlsberg bolstered its North American presence by acquiring Waterloo Brewing for USD106 million. This strategic move underscores the importance of mergers and acquisitions in the competitive beer market landscape.
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The market is segmented based on
According to Technavio, There are several factors that are causing the market to flourish during the forecast period, which are as follows:
However, the market also witnesses some limitations, which are as follows:
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Market Scope |
|
Report Coverage |
Details |
Page number |
195 |
Base year |
2024 |
Historic period |
2019-2023 |
Forecast period |
2025-2029 |
Growth momentum & CAGR |
Accelerate at a CAGR of 3.7% |
Market growth 2025-2029 |
USD 152.3 billion |
Market structure |
market_structure.ucfirst |
YoY growth 2024-2025(%) |
3.5 |
Key countries |
China, US, Russia, Japan, Germany, Brazil, UK, Australia, Canada, and Saudi Arabia |
Competitive landscape |
Leading Companies, Market Positioning of Companies, Competitive Strategies, and Industry Risks |
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The beer market encompasses various aspects of beer production, from the brewing process and beer ingredients to flavor, aroma, bitterness, and sweetness. Beer's mouthfeel, aging, storage, handling, analysis, and quality control impact its shelf life and susceptibility to spoilage. Preservation, sanitation, and hygiene are crucial for maintaining beer's freshness and quality. Beer comes in various packaging formats, labeled uniquely with design elements, aiming to enhance the overall beer experience. Consumption trends and demographics influence beer market segmentation, while analysis, research, and industry outlook shape the market. Innovation, technology trends, sustainability initiatives, social responsibility, community, events, education, appreciation, connoisseurship, gastronomy, pairing guides, and cocktails continue to evolve the beer landscape.
The global brewers market encompasses entities engaged in the production of beer, craft beer, and malt liquors, encompassing both breweries and craft breweries. This market scope excludes commercial beer dispensers and kegerators as equipment. Factors propelling the expansion of the global brewers market include the substantial surge in craft beer production, particularly in developed regions. In the US, for instance, the craft brewing sector has witnessed remarkable growth, with the total number of craft brewers increasing significantly since 2021. Approximately 80% of the total craft beer production originates from microbreweries.. Industries are leveraging the products belonging to the market for customer engagement, transactional notifications, and promotional offers.
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