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The beer market size is expected to grow to USD 148.43 billion, at a compound annual growth rate (CAGR) of 3.72% between 2023 and 2028. The expansion of the market is fueled by a confluence of factors, contributing to its robust growth and dynamic nature. One significant driver is the rising demand for beer in emerging economies, where increasing disposable incomes and urbanization are boosting beer consumption. Additionally, there is a global preference for premium beers, as consumers are willing to spend more on high-quality, craft beer, and specialty brews. The rise of the online retail landscape for beer is also accelerating market growth, making it easier for consumers to access a wide variety of beer products. Furthermore, the introduction of innovative flavors is attracting new consumers and retaining existing ones, adding to the market's vibrancy. A notable trend within the industry is the growing popularity of low-alcohol beers, reflecting evolving consumer preferences towards healthier lifestyle choices. However, the market faces challenges such as stringent regulations and hefty taxes on alcoholic beverages, which can impact pricing and availability. Rising competition from non-alcoholic beverages also poses a threat, as consumers increasingly explore these options. Despite these obstacles, the market remains dynamic, driven by constant innovation and changing consumer behaviors.
1 Executive Summary
2 Market Landscape
3 Market Sizing
4 Historic Market Size
5 Five Forces Analysis
6 Market Segmentation by Packaging
7 Market Segmentation by Distribution Channel
8 Customer Landscape
9 Geographic Landscape
10 Drivers, Challenges, and Trends
11 Vendor Landscape
12 Vendor Analysis
13 Appendix
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