Beer Market to Grow by USD 152.3Billion (2025-2029), Vendor Strategies Boost Growth,AI-Powered Market Evolution Report - Technavio

The global beer market is forecast to increase by USD 152.3 billion between 2024 and 2029, growing at a CAGR of 3.7%. This growth is fueled by increasing beer demand in emerging economies, driven by rising disposable incomes and shifting consumer beer preferences. The market is also witnessing an upsurge in craft beer popularity, expansion in non-alcoholic beer, and advancements in brewery technology. Additionally, sustainable brewing practices and beer flavor innovations are playing a crucial role in shaping industry trends. The competition between premium beer brands, along with the ongoing debate of lager vs ale, is further diversifying product offerings. Various beer packaging types, including bottles and cans, continue to influence purchasing decisions, while beer import options expand market reach.Key insights into market evolution with AI-powered analysis. Explore trends, segmentation, and growth drivers- View Free Sample PDF

Market Segmentation

By Packaging

• Bottles
• Cans

By Distribution Channel

• On-trade
• Off-trade

By Product Type

• Lager
• Ale
• Others

By Region

APAC

• China
• Japan

Europe

• Germany
• UK

North America

• Canada
• US

South America

• Brazil

Middle East and Africa

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Market Dynamics

Key Market Drivers

• Rising demand for beer in emerging economies is fueling market growth. Increasing urbanization and disposable incomes are driving beer consumption, particularly in developing regions. Consumers are increasingly interested in diverse beer flavors, contributing to the expansion of craft beer and small-batch brewing.

Key Market Trends

• An increasing number of mergers and acquisitions among leading beer manufacturers is shaping the market landscape. Companies are leveraging acquisitions to expand their market share, enhance product portfolios, and enter new geographic regions.

Key Market Challenges

• Stringent regulations and high tax rates on alcoholic beverages present a major challenge. Governments worldwide continue to impose strict policies on alcohol sales, advertising, and taxation, impacting the profitability of beer manufacturers.

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Key Players

• AleSmith Brewing Co.
• Asahi Group Holdings Ltd.
• BrewDog Plc
• Carlsberg Breweries AS
• Cloudwater Brew Co.
• Constellation Brands Inc.
• Diageo PLC
• East 9th Brewing Co.
• Forbidden Root Restaurant and Brewery
• Heineken NV
• Keurig Dr Pepper Inc.
• Kirin Holdings Co. Ltd.
• Mikkeller APS
• Molson Coors Beverage Co.
• Sprecher
• Stone Brewing Co. LLC
• Swinkels Family Brewers
• The Boston Beer Co. Inc.
• Wild Beer Co.

Recent Market Developments

• November 2024 – Anheuser-Busch InBev introduced a new line of craft beers, featuring seasonal flavors and limited-edition brews, targeting consumers seeking unique taste experiences.
• October 2024 – Heineken launched a non-alcoholic beer, catering to health-conscious consumers amid rising demand for alcohol-free alternatives.
• September 2024 – Carlsberg unveiled fully recyclable paper-based beer bottles, reinforcing its commitment to sustainable brewing.
• August 2024 – Molson Coors introduced a low-calorie, high-protein beer, aligning with growing interest in functional beverages.