PUBLISHER: MarketLine | PRODUCT CODE: 1635330
PUBLISHER: MarketLine | PRODUCT CODE: 1635330
Global beer and cider industry profile provides top-line qualitative and quantitative summary information including: market share, market size (value and volume 2019-23, and forecast to 2028). The profile also contains descriptions of the leading players including key financial metrics and analysis of competitive pressures within the market.
The beer and cider market consist of the retail sale of beer and cider. The beer segment consists of ale, dark beer, lager, stout, flavored beer, wheat beer, beer mixes and seasonal beer. The cider segment consists of apple cider, flavored cider, pear cider and seasonal cider. The market is valued according to retail selling price (RSP) and includes any applicable taxes. All currency conversions used in the creation of this report have been calculated using constant annual average 2023 exchange rates.
The global beer and cider market had total revenues of $655,286.1 million in 2023, representing a compound annual growth rate (CAGR) of 3.5% between 2018 and 2023.
Market consumption volumes declined with a negative CAGR of 0.1% between 2018 and 2023, to reach a total of 178,760.2 million liters in 2023.
The performance of the market is forecast to accelerate, with an anticipated CAGR of 5.8% for the five-year period 2023-2028, which is expected to drive the market to a value of $869,770.8 million by the end of 2028.