The Latest Global Beer Industry Statistics Explained
The global beer market worth could reach $636 billion USD by 2027.
The statistic stating that the global beer market worth could reach $636 billion USD by 2027 signifies the predicted monetary value of the entire beer industry worldwide by that year. This forecast likely takes into account factors such as current market trends, consumer preferences, demographic shifts, and economic projections. The estimated value suggests substantial growth in the beer market over the coming years, which could be driven by factors like increasing global population, rising disposable incomes, evolving consumer tastes, and expanding brewery and distribution networks. This statistic could serve as an important indicator for stakeholders in the beer industry, including producers, retailers, investors, and policymakers, to inform strategic decision-making and resource allocation in this competitive and dynamic market.
The beer industry is expected to grow at a CAGR of 5.5% from 2020 to 2027.
This statistic indicates that the beer industry is projected to expand at a Compound Annual Growth Rate (CAGR) of 5.5% from the year 2020 to 2027. CAGR provides a smoothed annual growth rate over a specified period, taking into account the effect of compounding. In this context, a CAGR of 5.5% suggests a steady and consistent growth trajectory for the beer industry over the seven-year period. This forecast implies that the beer industry is expected to experience notable growth in market size, revenue, and potentially consumption patterns during this period, reflecting positive trends and opportunities within the industry.
Asia Pacific market is expected to display the highest growth rate in the beer industry over the coming years.
The statistic denotes that the Asia Pacific region is projected to exhibit the most significant increase in market growth within the beer industry in the near future. This suggests that there is a prevailing trend towards rising demand for beer products in countries within the Asia Pacific region, potentially driven by various factors such as shifts in consumer preferences, increasing disposable income levels, and changes in drinking habits. The expected high growth rate indicates a promising market opportunity for beer producers and businesses operating within the region to capitalize on this potential growth and expand their market presence.
China is the largest beer market in the world by volume, accounting for around 25% of global beer consumption.
The statistic indicates that China holds the top position as the largest beer market in the world based on volume, consuming approximately 25% of all beer worldwide. This demonstrates the significant impact and influence of Chinese consumers on the global beer industry. Factors contributing to China’s dominance in this market could include its large population size, changing consumer preferences, and increasing disposable income. Understanding this statistic is crucial for businesses operating in the beer industry, as it highlights the importance of the Chinese market and the potential opportunities for growth and expansion within this market segment.
The USA is the largest beer market in terms of value.
The statistic that the USA is the largest beer market in terms of value indicates that the United States consumes more beer than any other country when accounting for the total monetary worth of beer sales. This suggests that beer is a significant and popular beverage choice among consumers in the USA, contributing substantially to the country’s overall economic market. Factors such as the size of the population, cultural preferences, marketing strategies, and beer production within the country likely play a role in making the USA the leading beer market in terms of value.
Non-alcoholic beer market is expected to surpass $25 billion by 2024.
The statistic suggests that the non-alcoholic beer market is projected to exceed $25 billion in value by the year 2024. This demonstrates a significant growth opportunity for the non-alcoholic beer industry, indicating a rising consumer interest and demand for non-alcoholic beer products. The forecasted market expansion could be attributed to various factors such as changing consumer preferences towards healthier lifestyles, increased awareness of the health risks associated with alcohol consumption, and improvements in the taste and quality of non-alcoholic beer offerings. Overall, the statistic points towards a promising future for the non-alcoholic beer market with substantial economic potential in the coming years.
Craft beer holds 12.7% market share of the overall U.S. beer industry.
The statistic stating that craft beer holds a 12.7% market share of the overall U.S. beer industry signifies the proportion of the beer market that is occupied by craft breweries in comparison to all other beer producers in the United States. This percentage suggests that craft beer, which is known for its focus on quality, unique flavors, and often produced by smaller independent breweries, has carved out a notable segment within the competitive and diverse beer industry. The statistic also indicates the growing popularity and consumer demand for craft beer, as it continues to gain traction and challenge more traditional beer producers in the market.
In 2018, Anheuser-Busch InBev had the highest market share of the global beer industry, with about 28%.
The statistic ‘In 2018, Anheuser-Busch InBev had the highest market share of the global beer industry, with about 28%’ indicates that Anheuser-Busch InBev, a major multinational brewing company, held a significant portion of the overall beer market during that year. This means that approximately 28% of all beer sales worldwide were attributed to Anheuser-Busch InBev, making them the dominant player in the industry. This statistic highlights the company’s strong position in the market and its ability to capture a substantial share of consumer preferences and purchasing power compared to its competitors.
By 2023, premium beer is forecasted to become the most valuable segment, eclipsing mainstream beer.
This statistic indicates that by the year 2023, premium beer is projected to become the most valuable segment within the beer industry, surpassing mainstream beer in terms of market value. This shift suggests a growing consumer preference for high-quality and premium beer products, potentially driven by factors such as changing consumer tastes, increased disposable income, and a desire for more diverse and flavorful options. The forecasted trend highlights opportunities for brewers and industry stakeholders to capitalize on the growing popularity of premium beer and adapt their strategies to meet the evolving demands of the market.
The North American beer market is expected to grow at a CAGR of over 4% during the period 2021-2026.
The statistic stating that the North American beer market is expected to grow at a Compound Annual Growth Rate (CAGR) of over 4% during the period 2021-2026 implies that the market is projected to expand steadily over the next five years. This growth rate indicates that the demand for beer in North America is increasing, potentially driven by factors such as changing consumer preferences, new product innovations, and expanding market opportunities. It suggests that the beer industry in North America is likely to see healthy growth and provides valuable insights for stakeholders, including brewers, distributors, and investors, to make informed decisions and capitalize on the projected market expansion.
South America held the second-largest share in the global craft beer market in 2020.
The statistic indicates that in 2020, South America accounted for the second-largest portion of the global craft beer market in terms of market share. This suggests that craft beer consumption and production in South America were significant enough to secure a prominent position in the global market landscape, trailing behind another region or country which held the largest share. This information highlights the growing popularity and demand for craft beer in South America, showcasing the region’s contribution to the overall expansion and diversification of the global craft beer industry.
Overall beer consumption in the European Union decreased by nearly 1% in 2020.
The statistic indicates that the total beer consumption within the European Union declined by almost 1% in the year 2020 compared to the previous year. This decline could be attributed to various factors such as the impact of the COVID-19 pandemic, which led to restrictions on social gatherings, closure of bars and restaurants, and a shift towards at-home consumption. Economic uncertainty, changing consumer preferences, and health concerns may have also contributed to the decrease in overall beer consumption. The decline in beer consumption could have implications for breweries, retailers, and various related industries within the European Union.
In 2019, 35.8% of the total beer sold in the US was from Anheuser-Busch.
The statistic states that in 2019, Anheuser-Busch accounted for 35.8% of all beer sales in the United States. This means that more than a third of the total beer sold in the US that year came from Anheuser-Busch, indicating the company’s significant market share and popularity among consumers. The statistic highlights Anheuser-Busch’s dominance in the beer industry and its position as a major player in shaping and influencing consumer preferences within the US market for beer products.
25.9% of all packaged craft beer sold in the US in 2019 was in cans.
The statistic ‘25.9% of all packaged craft beer sold in the US in 2019 was in cans’ indicates that a little more than a quarter of all craft beer that was packaged and sold in the United States in 2019 was in can form. This suggests that canned craft beer was a popular choice among consumers, possibly due to factors such as convenience, portability, cost-effectiveness, or preferences for canned beer over bottled beer. This statistic provides insight into the packaging preferences and trends within the craft beer industry in 2019, highlighting the significance of cans as a packaging option for craft brewers and indicating a notable portion of the market share held by canned craft beer in the United States during that year.
The beer market in India is forecasted to reach $10.7 billion by 2022.
The statistic stating that the beer market in India is forecasted to reach $10.7 billion by 2022 indicates a significant projected growth and expansion in the beer industry within the country over the next few years. This suggests an increasing demand for beer among consumers in India, potentially driven by factors such as changing drinking habits, rising disposable incomes, and a growing youth population. The forecasted market value of $10.7 billion serves as a key indicator for stakeholders in the beer industry, highlighting potential opportunities for investment, market expansion, and strategic decision-making in order to capitalize on this anticipated growth and effectively position themselves within the competitive landscape of the Indian beer market.
The Middle East and Africa beer market is expected to grow CAGR of 5.1% during 2020-2025.
This statistic indicates that the beer market in the Middle East and Africa region is projected to experience a Compound Annual Growth Rate (CAGR) of 5.1% between the years 2020 and 2025. This suggests a stable and positive growth trend in the consumption and production of beer within this region over the specified time period. Factors such as changing consumer preferences, increasing disposable incomes, and expanding brewery operations could contribute to the anticipated growth in the market. This statistic serves as a valuable insight for industry stakeholders, investors, and policymakers to understand and capitalize on the opportunities presented by the evolving beer market in the Middle East and Africa region.
References
0. – https://www.www.brewersassociation.org
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