Global Beer Market with impact of Covid-19 in the Medium Term

Beer is the world's most widely consumed alcoholic beverage and is the 3rd most popular drink overall, after water and tea. An industry report.

The global beer market is projected to grow at a CAGR of 5.5% during the forecast period.

The global beer market was equal to 498.66 billion USD (calculated in retail prices) in 2015. Until 2025, the beer market in the world is forecast to reach 710.89 billion USD (in retail prices), thus increasing at a CAGR of 3.72% per annum for the period 2020-2025. This is an increase, compared to the growth of about 3.42% per year, registered in 2015-2019.

The average consumption per capita in value terms reached 112.45 USD per capita (in retail prices) in 2015. In the next five years, it grew at a CAGR of 2.96% per annum. In the medium term (by 2025), the indicator is forecast to slow down its growth and increase at a CAGR of 2.78% per annum.

Forecast 2020-2025

The global beer market size reached US$ 606 billion by 2019. Beer is a fermented alcoholic beverage that is made by brewing and fermenting starches derived from cereal grains. It is flavoured using hops that not only add a buttery flavour to the beverage but also act as a natural preservative. Apart from this, other flavourings, such as herbs and fruits, are also added to attribute a specific flavour and fragrance to the drink. It is a rich source of niacin, folate, riboflavin, pyridoxine, potassium and magnesium. Moderate consumption of beer is widely associated with numerous health benefits and aids in maintaining blood pressure levels, preventing kidney stone formations, and minimising the chances of developing cardiovascular disorders, including angina, stroke and heart attack. Owing to this, it is gaining widespread popularity across the globe.