Global Beer Market Expected to Achieve a CAGR of 4.8% from 2024 to 2032
As per the research report by Report Cube, the Global Beer Market size was valued at around USD 850 billion during 2024 and is estimated to grow at a CAGR of about 4.8% during the forecast period, 2024-32.
The ongoing prosperity has been largely attributed to the market’s multiplicity of beer brands & products as well as the enduring power of well-positioned beer corporations. The company is focussing on making its products available for every occasion to boost sales. The volume of customers who prefer beer with a low alcohol concentration significantly impacts the Beer Market share. The Premium Beer Market, which is expanding because of rising health consciousness & the promotion of natural & functional ingredients, offers beer makers more opportunities to cater to the market growth. As a result, the leading companies in the worldwide market are venturing into the premium category to take advantage of its great potential.
Additionally, during 2024-32, the developments & innovation, rising consumption, and a demand for complex beer selections are expected to support the growth of the Beer Market. The impact of e-commerce & online beer sales has changed the environment of the Beer Market by offering consumers a level of ease & comfort that was not possible in the past times. Beer enthusiasts no longer require to travel far from their homes to enjoy a vast selection of beers from local & international breweries, due to the surge of e-commerce or online shopping options. The amplified accessibility of beer consumption has made it possible for smaller craft breweries to compete with larger brands & attract a bigger consumer base.
Moreover, the increasing commitment to environmental responsibility & resource conservation is demonstrated by the adoption of sustainable brewing methods. By employing these measures, brewers are addressing their waste management, water use, and energy use. Furthermore, companies are purchasing locally grown food, utilizing renewable energy sources, and investing in recycling programs to reduce their carbon footprint. Also, programs that preserve ecosystems & advance biodiversity are supported by breweries. Apart from reducing costs, breweries draw eco-conscious customers, growing their business & improving the environmental friendliness of the industry, further state the research study, Global Beer Market Analysis, 2024.
Analyzing the Global Beer Market Segmentation
Glass Bottle Segment to Account for the Largest Market Share
By component, the Global Beer Market is bifurcated into: Glass Bottle, Canned, Draught, and Others.
Among all the packaging, the Glass Bottle segment captured the potential share in the historical years and is envisioned to follow a similar trend in the forecast years as well. Manufacturers believe that consumers prefer consuming alcohol from a glass bottle as more sophisticated than from a can. A beer from a glass bottle is more elegant than one from a metal can. Glass beer bottles are durable, safe for the environment, completely recyclable & reusable, thus are more influenced in line with the sustainability initiatives worldwide. Furthermore, the alcohol may be quickly chilled in the glass container, enhancing the drinking experience for customers.
Asia-Pacific to Flourish Across the Global Market of Beer
The region of Asia-Pacific seized the largest share of the Beer Industry & is foreseen to flourish in the projected years as well. The region is categorized first among other regions globally because of its large population, growing disposable income, and mounting consumption of alcoholic beverages, predominantly in nations such as India & China. APAC’s supremacy is further enhanced by the fact that China is the world’s largest beer drinker. Additionally, the rising demand for the product at social gatherings & celebrations is driving its consumption, which is prompting the market growth.
Global Beer Market Companies Analysis
With the strategic analysis & market study the leading companies, including Heineken N.V., Anheuser-Busch InBev, Asahi Group Holdings, Ltd., The Boston Beer Company, Inc., Beijing Yanjing Brewery, Carlsberg A/S, Kirin Holdings Company, Ltd., Molson Coors, Breckenridge Brewery, Tsingtao Brewery Co. Ltd., China Resources Snow Breweries, Diageo plc, Castel Group, Constellation Brands, Inc., Suntory Holdings Limited, and others