Beer is an alcoholic beverage produced by the saccharification of starch and fermentation of the resulting sugar. The major types of beer include lager, ale, stout and specialty beer. Beer is rich in antioxidants, vitamins such as folate and niacin and assists in lowering the risk of heart disease. It also enhances bone health and reduces the risk of colon and breast cancer. Traditional beer consumption for recreation and social drinking is driving the global beer market growth.
The global beer market is estimated to be valued at US$ 821.36 billion in 2023 and is expected to exhibit a CAGR of 19% over the forecast period 2023 to 2030, as highlighted in a new report published by Coherent Market Insights.
Market Opportunity:
The emergence of premium/craft beer brands and new product launches with different flavors and tastes provide immense growth opportunity for beer market players. Consumers are increasingly looking for diversified tastes and premium beers. This has encouraged small independent breweries to venture into craft and specialty beers segment. Introduction of seasonal beers, limited edition beers and innovative flavors would help attract new consumers as well as retain the existing ones. Focusing on these specialized beers through customized promotions and branding would be the key to tap into rising demand.
Porter's Analysis
Threat of new entrants: Low as beer market is dominated by few major players and needs huge capital investment for setting up new breweries.
Bargaining power of buyers: Moderate as buyers have options but brands loyalty keeps their power in check.
Bargaining power of suppliers: Low as raw materials required for beer are commonly available and suppliers are dependent on breweries.
Threat of new substitutes: Moderate as wine, spirits are substitutes but beer occupies social settings better.
Competitive rivalry: High among major brands for market share through promotional campaigns and expanding distribution networks.
SWOT Analysis
Strength: Wide availability through retail stores and bars. Social acceptability enhances occasions for consumption.
Weakness: Vulnerable to taxes/regulations and campaigns against alcoholism can impact sales.
Opportunity: Emerging markets offer headroom for growth. Innovation in flavors expands target segments.
Threats: Alternative beverages/lifestyles mayaffect off-takes in future. Health awareness can dent demand.
Key Takeaways
The Global Beer Market Size is expected to witness high growth during the forecast period of 2023 to 2030.
Regional analysis shows Europe dominates currently due to high per capita consumption especially in countries like Germany. However, Asia Pacific is poised to be the fastest growing region led by nations like China and India where beer market is still developing.
Key players operating in the beer market are Keir Surgical Ltd., Case Medical, Scanlan International, Inc., Koch Industries, Getinge Group, B. Braun (Aesculap, Inc.), Xerafy, Mobile Aspects, Key Surgical, Inc., Spatrack Medical Limited, Fortive Corporation Group, Haldor Advanced Technologies, Tgx Medical Systems, Becton, Dickinson and Company, Intechnology Distribution Pty Ltd., Nutrace, Steris Insturment Management Services, Material Management Microsystems, Asanus Medizintechnik GmbH Inc., and Stanley Healthcare (Division of Stanley Black & Decker), among others.
For More Insights, Read: https://www.newswirestats.com/beer-market-demand-growth-and-regional-outlook-by-2030/
Beer brands in India, Best beer in India and Beer Importer are providing top class beer products in the Indian market.
Now people have lots of choices with the arrival of liquor items.
Beer is an alcoholic beverage produced by the saccharification of starch and fermentation of the resulting sugar.
The basic ingredients of beer are water, a starch source and and a flavouring.
Beer is the world’s most widely consumed alcoholic beverage, and the third-most popular drink overall, after water and tea.Download FREE Sample of this Report @ https://www.grandresearchstore.com/report-sample/global-beer-2019-2024-131In recent years, brewery industry step into a dramatic catch-up process in terms of the global concentration and globalization.The brewery industry has gradually become a global industry, in which companies seek to realize cross-border standardization advantages, mainly by introducing global brands and by capitalizing on synergies in marketing and distribution.According to this study, over the next five years the Beer market will register a -0.7% CAGR in terms of revenue, the global market size will reach US$ 134360 million by 2024, from US$ 139350 million in 2019.
In particular, this report presents the global market share (sales and revenue) of key companies in Beer business, shared in Chapter 3.This report presents a comprehensive overview, market shares, and growth opportunities of Beer market by product type, application, key manufacturers and key regions and countries.This study considers the Beer value and volume generated from the sales of the following segments:Segmentation by product type: breakdown data from 2014 to 2019, in Section 2.3; and forecast to 2024 in section 11.7.Value BeerStandard BeerPremium BeerSegmentation by application: breakdown data from 2014 to 2019, in Section 2.4; and forecast to 2024 in section 11.8.Corporate HospitalityFamily DinnerOtherThis report also splits the market by region: Breakdown data in Chapter 4, 5, 6, 7 and 8.AmericasUnited StatesCanadaMexicoBrazilAPACChinaJapanKoreaSoutheast AsiaIndiaThe report also presents the market competition landscape and a corresponding detailed analysis of the major vendor/manufacturers in the market.The key manufacturers covered in this report: Breakdown data in in Chapter 3.Anheuser-Busch InBevSABMillerHeinekenCarlsbergMolsonCoorsKIRINGuinnessAsahiCastel GroupRadebergerMahou-San MiguelSan Miguel CorporationChina Resources Snow BreweriesTsingtao BreweryBeijing Yanjing BreweryZhujiang BeerKingStarIn addition, this report discusses the key drivers influencing market growth, opportunities, the challenges and the risks faced by key manufacturers and the market as a whole.
It also analyzes key emerging trends and their impact on present and future development.Research objectivesTo study and analyze the global Beer consumption (value & volume) by key regions/countries, product type and application, history data from 2014 to 2018, and forecast to 2024.To understand the structure of Beer market by identifying its various subsegments.Focuses on the key global Beer manufacturers, to define, describe and analyze the sales volume, value, market share, market competition landscape, SWOT analysis and development plans in next few years.To analyze the Beer with respect to individual growth trends, future prospects, and their contribution to the total market.To share detailed information about the key factors influencing the growth of the market (growth potential, opportunities, drivers, industry-specific challenges and risks).To project the consumption of Beer submarkets, with respect to key regions (along with their respective key countries).To analyze competitive developments such as expansions, agreements, new product launches, and acquisitions in the market.To strategically profile the key players and comprehensively analyze their growth strategies.Get the Complete Report & TOC @ https://www.grandresearchstore.com/food-and-beverages/global-beer-2019-2024-131Table of content2019–2024 Global Beer Consumption Market Report1 Scope of the Report1.1 Market Introduction1.2 Research Objectives1.3 Years Considered1.4 Market Research Methodology1.5 Economic Indicators1.6 Currency Considered2 Executive Summary2.1 World Market Overview2.1.1 Global Beer Consumption 2014–20242.1.2 Beer Consumption CAGR by Region2.2 Beer Segment by Type2.2.1 Value Beer2.2.2 Standard Beer2.2.3 Premium Beer2.3 Beer Consumption by Type2.3.1 Global Beer Consumption Market Share by Type (2014–2019)2.3.2 Global Beer Revenue and Market Share by Type (2014–2019)2.3.3 Global Beer Sale Price by Type (2014–2019)2.4 Beer Segment by Application2.4.1 Corporate Hospitality2.4.2 Family Dinner2.4.3 Other2.5 Beer Consumption by Application2.5.1 Global Beer Consumption Market Share by Application (2014–2019)2.5.2 Global Beer Value and Market Share by Application (2014–2019)2.5.3 Global Beer Sale Price by Application (2014–2019)3 Global Beer by Manufacturers3.1 Global Beer Sales Market Share by Manufacturers3.1.1 Global Beer Sales by Manufacturers (2017–2019)3.1.2 Global Beer Sales Market Share by Manufacturers (2017–2019)CONTACT US:276 5th Avenue, New York , NY 10001,United StatesInternational: (+1) 646 781 7170 / +91 8087042414Email: [email protected] Us On linkedin :- https://www.linkedin.com/company/grand-research-store/
