Beer Market - Forecast(2022 - 2027)

• The beer market size is estimated to reach $962 billion by 2027, growing at a CAGR of 2.9% during the forecast period 2022-2027. Beer is delineated as a drink that falls under the category of alcoholic beverages. It is prepared through brewing where cereal grains consisting of starch are marinated in water.

• Barley is the most common and extensively used cereal grain in the production of beer. Following the steeping fermentation process comes into the picture to confer beer its intoxicating content where yeast is added to alter glucose in ethanol and carbon dioxide. The beer market outlook is exceedingly captivating as the demand for beverages with lower alcoholic content is proliferating.

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Key Takeaways

• Geographically, the Europe Beer Market accounted for the highest revenue share in 2021. However, Asia-Pacific is poised to dominate the market over the period 2022-2027.

• The broadening number of breweries, pubs, and clubs worldwide is said to be the preeminent driver driving the growth of the Beer Market. Addictive nature and their overuse can erupt many health complications which are said to reduce the market growth.

• Detailed analysis on the Strength, Weaknesses, and Opportunities of the prominent players operating in the market will be provided in the Beer Market report.

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By Distribution Channel- Segment Analysis

The Beer Market based on the source type can be further segmented into Barley, Wheat, Rice, Corn, and Oats. The barley segment held the largest share in 2021. The growth is owing to its enzyme-rich nature. With the broadening trend of craft beer ascribing to its taste and flavor richness the demand for these cereal grains is plunging upward. Barley extents high effectiveness during fermentation of craft beer which gives more alcoholic content to the beverage. Furthermore, the presence of alpha-amylase and beta-amylase helps in the instantaneous breakdown of amylum polymeric carbohydrates into sugars which gives barley an edge over other grains.

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