A Toast to Progress - Beer Market Poised for Unprecedented Growth, Estimated to Reach $814.7 Million by 2030

According to Next Move Strategy Consulting , the global Beer Market size is anticipated to surpass $814.7 million by 2030 reflecting a CAGR of 2.9% during the forecast period till 2030.

The global phenomenon of craft beer continues to captivate beer enthusiasts, driving the market's expansion. Consumers are increasingly drawn to unique and artisanal brews, fostering a vibrant ecosystem of small and independent breweries worldwide.

The anticipated market growth of beer and other alcoholic beverages is likely to be dampened during the forecast period due to a potential tightening of government regulations in response to growing health concerns.

Stringent rules on sales and distribution, aimed at curbing alcohol-related health issues like fatty liver and obesity, could significantly impact consumer access and purchasing behavior. This could translate to reduced sales volumes, limited market expansion, and potentially slower revenue growth for the industry.

The Asia-Pacific region reigns supreme in the global beer market, and its throne seems secure. This is thanks to a thriving army of local giants such as Yanjing and Asahi, who brew budget-friendly, low-alcohol beers (think 2.8% ABV or less).

The beer market comprises various market players such as Anheuser-Busch , The HEINEKEN Company , Carlsberg Group , The Boston Beer Company , Molson Coors Beverage Company , Asahi Beverages , Diageo , Constellation Brands , Sierra Nevada Brewing Co. , and Dogfish Head .

Reference: OpenPR