Beer Global Market To Reach Value Of About $281 Billion In 2025
4 May, 2021
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.
Global Beer Market Size And Drivers:
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%. Increasing demand for ready-to-drink (RTD) beverages is expected to drive the alcoholic-beverages market in the forecast period.
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Trends In The Global Beer Market
Advancements in automation technology and the need to improve customer experience in crowded bars has increased the demand for self-serve beer bars. Self-serve beer bars have taps arranged along a wall with touch screens and card readers. Customers can choose from various options using the touch screen, make payments using plastic RFID cards and dispense beer from taps in the vending machine. Self-serve beer bars help reduce the struggle to order drinks in overcrowded bars. For instance, the PourMyBeer system allows customers to serve themselves using interactive touch screens and taps installed on walls. As of February 2019, the system has been installed in 184 locations in the USA and another 45 locations internationally. Table Tap is another such company offering self-serve beer walls under the trademark WallTender.
Global Beer Market Segments:
The global beer market is further segmented based on type and geography.
By Type: Ales, Lagers, Stouts & Porters, Malts
By Distribution Channel: Off-Trade Channels, On-Trade Channels
By Packaging: Canned, Bottled, Draught
By Category: Mass, Premium
By Geography: The global beer market is segmented into North America, South America, Asia-Pacific, Eastern Europe, Western Europe, Middle East and Africa. Among these regions, Asia Pacific is the largest region in the global beer market, accounting for 40% of the market in 2020.
Read More On The Report For The Global Beer Market At:https://www.thebusinessresearchcompany.com/report/beer-global-market-report
Beer Global Market Report 2021 is one of a series of new reports from The Business Research Company that provides beer market overviews, analyzes and forecasts market size and growth for the global beer market, beer market share, beer market players, beer market segments and geographies, beer market’s leading competitors’ revenues, profiles and market shares. The beer market report identifies top countries and segments for opportunities and strategies based on market trends and leading competitors’ approaches.