NEW YORK, Nov. 14, 2023 /PRNewswire/ — The beer market measurement is predicted to develop by USD 141.28 billion from 2022 to 2027, in accordance with Technavio. In addition, the expansion momentum of the market shall be progressing at a CAGR of 3.7% through the forecast interval. Rising demand for beer in rising economies is notably driving the beer market. However, components such because the presence of stringent laws and excessive charges of taxes on alcoholic drinks might impede market development. The market is segmented by packaging (Bottles and Cans), distribution channel (On-trade and Off-trade), and geography (APAC, Europe, North America, South America, and Middle East and Africa). Technavio offers a complete report abstract describing the market measurement and forecast together with analysis methodology. The sample report is available in PDF format
Key Segment Analysis
-
The market share development by the bottles phase shall be vital through the forecast interval. Traditionally, beer has been packaged in glass bottles, sometimes brown-colored, with the 600-ml beer bottle being a well-liked selection that is simply shareable amongst 2-3 individuals. Modern customers, nevertheless, are displaying a desire for light-weight steel cans, which may adapt to varied social conditions. Additionally, different packaging supplies like picket containers and polyethylene terephthalate (PET) bottles have grow to be available. The introduction of modern Green Fiber Bottles presents a novel answer. These bottles are non-transparent and shatterproof, that includes a particular fiber construction. What’s extra, they’re environmentally pleasant and provide a sustainable choice for beer packaging. Instead of a plastic seal, an impermeable coating is used. The wooden fiber used for these bottles is sourced from sustainably managed wooden fibers. These developments are poised to stimulate development within the bottle phase, consequently driving the growth of the worldwide market within the forecast interval.
To know extra highlights and key factors on varied market segments and their affect in coming years, View the PDF Sample Report.
Geographical Market Analysis
-
APAC is estimated to account for 42% of the worldwide market development throughout the forecast interval. Several components contribute to this development, together with the increasing gross home product (GDP) and financial growth within the area, the rising recognition and widespread acceptance of beer in varied APAC nations, the expansion of the middle-class inhabitants, rising per capita revenue ranges, and a rising desire for beer consumption among the many millennial demographic.
Company Insights
The beer market is fragmented, and the businesses are deploying natural and inorganic development methods to compete out there. The report analyzes the market’s aggressive panorama and gives info on a number of market firms, together with AleSmith Brewing Co., Anheuser Busch InBev SA NV, Beerwulf BV, BrewCanine Plc, Cloudwater Brew Co., Diageo Plc, East ninth Brewing Co., Forbidden Root Restaurant and Brewery, Heineken NV, Keurig Dr Pepper Inc., Kirin Holdings Co. Ltd., Mikkeller APS, Mission Brewery, Molson Coors Beverage Co., Saranac Brewery, Sprecher, Stone Brewing Co. LLC, Swinkels Family Brewers, The Boston Beer Co. Inc., and Wild Beer Co.
View the PDF Sample Report to search out extra highlights on the expansion methods adopted by firms and their product choices.
Related Reports:
The APAC Beer market measurement is projected to extend by USD 59.9 billion and the market measurement is estimated to develop at a CAGR of 4.5% between 2022 and 2027.
The Europe – Craft Beer Market measurement is projected to extend by USD 13.06 billion and the market measurement is estimated to develop at a CAGR of 7.87% between 2022 and 2027.
ToC:
Excustive Summary
Market Landscape
Market Sizing
Historic Market Sizes
Five Forces Analysis
Market Segmentation by Packaging
Market Segmentation by Distribution Channel
Customer Landscape
Geographic Landscape
Drivers, Challenges, & Trends
Company Landscape
Company Analysis
Appendix
About Technavio
Technavio is a number one international expertise analysis and advisory firm. Their analysis and evaluation deal with rising market developments and supply actionable insights to assist businesses establish market alternatives and develop efficient methods to optimize their market positions. With over 500 specialised analysts, Technavio’s report library consists of greater than 17,000 experiences and counting, masking 800 applied sciences, spanning 50 nations. Their shopper base consists of enterprises of all sizes, together with greater than 100 Fortune 500 firms. This rising shopper base depends on Technavio’s complete protection, in depth analysis, and actionable market insights to establish alternatives in current and potential markets and assess their aggressive positions inside altering market situations.
Contacts
Technavio Research
Jesse Maida
Media & Marketing Executive
US: +1 844 364 1100
UK: +44 203 893 3200
Email: [email protected]
Website: www.technavio.com
View authentic content material to obtain multimedia:https://www.prnewswire.com/news-releases/beer-market-to-increase-by-usd-141-28-billion-from-2022-to-2027–technavio-301985624.html
SOURCE Technavio
