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Beer Market Size, Share, Industry Trends and Forecast to 2030

Beer Market Research Report – Segmented By Region (North America, Europe, Asia-Pacific, Middle-East & Africa, Latin America) – Analysis on Size, Share, Trends, COVID-19 Impact, Competitive Analysis, Growth Opportunities and Key Insights from 2019 to 2030.

  • Published date -30th Jan 2024

  • Formats -PDF, CSV

  • Region -Global

Beer Market Size & CAGR in 2021

The global beer market is estimated to have a market size of USD 520 billion in 2021. The market is expected to grow at a compound annual growth rate (CAGR) of 3.5% from 2021 to 2025, reaching a value of USD 650 billion by the end of the forecast period. The beer market has been witnessing steady growth due to the increasing popularity of craft beers, changing consumer preferences, and the rising demand for premium and flavored beers.

COVID-19 Impact on the Beer Market

The COVID-19 pandemic has had a significant impact on the beer market globally. The lockdowns and restrictions imposed to curb the spread of the virus led to the closure of bars, restaurants, and pubs, resulting in a decline in the on-trade consumption of beer. However, the off-trade segment, which includes sales through supermarkets and online channels, saw a surge in demand as consumers shifted to purchasing beer for home consumption.

The pandemic also disrupted the global supply chain, leading to shortages of key ingredients such as malt and hops. Breweries faced challenges in production and distribution, while consumer purchasing behavior and preferences shifted towards more affordable and familiar beer brands. As a result, the beer market experienced fluctuations in demand and sales volumes during the pandemic.

Beer Dynamics

The beer market is a dynamic and competitive industry characterized by innovation, product diversification, and changing consumer preferences. Key trends in the market include the rise of craft breweries, the popularity of flavored and low-calorie beers, and the increasing demand for premium and imported beers. In addition, sustainability and eco-friendly practices are becoming important factors for consumers when choosing beer brands.

Breweries are constantly introducing new and unique beer flavors to cater to evolving consumer tastes. Collaboration between breweries and celebrity chefs, mixologists, and influencers has also become a trend in the industry, leading to the creation of exclusive and limited-edition beer recipes. The beer market is also witnessing a growing demand for non-alcoholic and low-alcohol beers, driven by health-conscious consumers seeking alternative beverage options.

Segments and Related Analysis

The beer market can be segmented based on product type, distribution channel, packaging, and region. Product segments include lager, ale, stout, and others. Distribution channels encompass on-trade (bars, restaurants, pubs) and off-trade (supermarkets, convenience stores, online retail). Packaging options range from bottles and cans to kegs and growlers.

Region-wise, the beer market is categorized into North America, Europe, Asia Pacific, Latin America, and the Middle East and Africa. Each region has its unique market dynamics, consumer preferences, and regulatory environment that influence the demand for beer products. For example, North America is known for its craft beer culture, while Europe is home to traditional beer-producing countries such as Germany and Belgium.

By Region Analysis

North America

North America is a mature beer market with a strong presence of craft breweries and microbreweries. The United States leads the region in terms of beer consumption and production, with a diverse range of beer styles and flavors available to consumers. The craft beer segment has been growing steadily in North America, driven by the demand for small-batch, artisanal beers.


Europe is a key region for beer production, with countries like Germany, Belgium, and the Czech Republic known for their rich brewing traditions. The region has a wide variety of beer styles, including lagers, ales, stouts, and pilsners. Craft breweries have been gaining popularity in Europe, offering innovative and creative beer flavors to consumers.

Asia Pacific

The Asia Pacific region is witnessing rapid growth in the beer market, driven by changing consumer preferences, urbanization, and the rising disposable income of consumers. Countries like China, Japan, and India are major beer producers and consumers in the region. The demand for premium and craft beers is on the rise in Asia Pacific, with an increasing number of breweries catering to diverse tastes.

Latin America

Latin America has a strong beer culture, with countries like Mexico, Brazil, and Argentina known for their traditional beer styles and brands. The region has a growing craft beer scene, with local breweries experimenting with unique ingredients and flavors. The demand for imported and specialty beers is also increasing in Latin America, reflecting the evolving preferences of consumers.

Middle East and Africa

The Middle East and Africa region are emerging markets for beer consumption, with a growing young population and urbanization driving demand for beer products. Countries like South Africa, Nigeria, and Kenya are key players in the beer market, offering a mix of traditional and modern beer options. The region is witnessing an increase in the availability of craft beers and imported brands, catering to a diverse consumer base.

Key Market Players and Competitive Landscape

The global beer market is highly competitive, with key players including Anheuser-Busch InBev, Heineken, SABMiller, Carlsberg Group, and Molson Coors Brewing Company. These multinational breweries dominate the market with a wide range of beer brands, distribution networks, and marketing strategies.

In addition to the major players, the beer market also consists of regional and local breweries that cater to niche markets with specialty beers and craft offerings. Collaboration, innovation, and strategic partnerships are common in the industry, as breweries seek to differentiate themselves and attract consumers with unique products and experiences.

Recent Happenings in the Beer Market

The beer market has been witnessing several developments and trends in recent years, reflecting the evolving consumer preferences and competitive landscape. Some noteworthy happenings in the market include:

Craft Beer Boom

The craft beer movement continues to gain momentum globally, with an increasing number of breweries experimenting with innovative flavors, ingredients, and brewing techniques. Craft beer festivals, taprooms, and specialty bars have become popular destinations for beer enthusiasts seeking unique and local brews.

Zero-Alcohol Trend

The demand for zero-alcohol or non-alcoholic beers has been on the rise, driven by health-conscious consumers and changing social norms. Breweries are investing in developing flavorful and high-quality non-alcoholic beer options to cater to this growing market segment.

Sustainability Initiatives

Breweries are increasingly focusing on sustainability practices, such as water conservation, energy efficiency, and waste reduction. Sustainable packaging, eco-friendly ingredients, and carbon-neutral production processes are becoming important factors for consumers when choosing beer brands.

Overall, the beer market is dynamic and evolving, with a mix of global brands, local breweries, and innovative startups driving growth and innovation in the industry. As consumer preferences continue to shift and new trends emerge, breweries will need to adapt and innovate to stay competitive in the market.

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