The beer market consists of sales of beer, ale, malt liquors and nonalcoholic beer by entities (organizations, sole traders and partnerships) that produce beer, ale, malt liquors and nonalcoholic beer. The companies in the nonalcoholic beverages industry process raw materials into nonalcoholic beverages, package and distribute them through various distribution channels to both individual customers and commercial establishments. The beer market is segmented into ales; lagers; stouts & porters and malts.
The global beer market is expected to grow from $189.87 billion in 2020 to $216.81 billion in 2021 at a compound annual growth rate (CAGR) of 14.2%. The growth is mainly due to the companies rearranging their operations and recovering from the COVID-19 impact, which had earlier led to restrictive containment measures involving social distancing, remote working, and the closure of commercial activities that resulted in operational challenges. The market is expected to reach $281.2 billion in 2025 at a CAGR of 7%.