Beer Market to Reach $815 Million by 2030, with a 3% CAGR, Driven by Growing Craft Beer Trends and Expanding Global Consumption

The global Beer Market size is projected to reach USD 815 million by 2030 with a CAGR of 3%, driven by the rising popularity of craft beers, expanding global consumption, and increasing disposable incomes. Next Move Strategy Consulting, a leading authority in market analysis and trends, unveils its latest insights into the evolving dynamics of the beer industry.

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Market Overview

The beer market encompasses a wide range of alcoholic beverages, including lagers, ales, stouts, and specialty brews. As one of the most consumed alcoholic drinks globally, beer plays a significant role in social and cultural events, making it a major segment in the global alcoholic beverage industry.

Key Drivers of Market Growth

1. Craft Beer Trend: The growing popularity of craft beers, characterized by unique flavors, ingredients, and brewing techniques, is driving market growth and increasing consumer interest in diverse beer options.
2. Expanding Global Consumption: Rising disposable incomes, urbanization, and changing lifestyles are contributing to higher beer consumption rates, particularly in emerging markets.
3. Innovation in Beer Products: Continuous innovation in beer flavors, brewing techniques, and packaging is attracting new consumers and enhancing the overall market appeal.
4. Social and Cultural Factors: Beer remains a popular choice for social and cultural events, including festivals, sports events, and gatherings, which supports its sustained demand.
5. Premium and Specialty Beers: Increasing consumer preference for premium and specialty beers, including organic and low-alcohol options, is driving market growth.

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Market Segmentations and Scope of the Study:

The global beer market is segmented based on type, source, ingredient, production, taste, quality, alcohol content, flavor, packaging, distribution channel, and geography.

• Based on type, the beer market is classified into ale, stout & porter, lager, malt, bocks, and others.
• Based on the source, the market is categorized into wheat, corn, rice, barley, and oats. Based on ingredients, the market is divided into yeast, enzymes, malt, and hops.
• Based on production, the market is classified into macro-brewery, microbrewery, craft brewery, and others.
• Based on taste, the market is segmented into strong, light, and regular beer.
• Based on quality, the market is categorized into standard, premium, and super premium.
• Based on alcohol content, the market is classified into high, low, and alcohol-free.
• Based on flavor, the market is segmented into flavored and unflavored.
• Based on packaging, the market is classified into canned, glass bottles, PET bottles, and others.

Based on the distribution channel, the market is segmented into on-trade and off-trade. The report provides the geographical breakdown and analysis of each of the abovementioned classifications across four regions, namely, North America, Europe, Asia-Pacific, and the Rest of the World (RoW).

Regional Insights

North America is a leading market for beer, driven by a strong craft beer culture and high consumption rates. Europe follows closely, with significant beer consumption and a rich brewing tradition. The Asia-Pacific region is witnessing rapid growth, particularly in emerging markets such as China and India, where rising disposable incomes and changing lifestyles are boosting beer consumption.

Key Players

• Anheuser-Busch InBev
• Heineken N.V.
• Carlsberg Group
• Boston Beer Company
• Molson Coors Beverage
• Asahi Group Holdings Ltd.
• Diageo Plc
• Constellation Brands
• Sierra Nevada Brewing Co.
• Dogfish Head Craft Brewery Inc.

Future Outlook

Looking ahead, the Beer Market is expected to continue its growth trajectory supported by innovations in brewing, increasing global consumption, and a strong preference for diverse and premium beer options. The expansion of craft breweries and the rising trend of health-conscious drinking are also anticipated to drive market dynamics.

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