Beer Market Share, Regulatory Landscape, Detailed Industry Analysis and Business Prospects | FMI-2022-2032

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Baner, Pune, Maharashtra, 411045, India

16/09/2022 - 30/09/2022

The global beer market is estimated at US$ 665.1 Bn in 2022 and is projected to reach US$ 920.2 Bn by 2032, at a CAGR of 3.3% from 2022 to 2032.
Alcoholic beverages are made from fermenting malt, wheat, molasses fruits, botanicals, and other ingredients. Fermentation and distillation is done on the basis of type of drink to be made. Beer and wines are not distilled while spirits are manufactured by distillation of fermented base. There are different procedures of distillations to obtain different type of drinks such as steeping method, percolation method, etc.
Beer can be made in numerous different ways but the primary ingredients are malted grains (such as oats, barley, or rye), yeast, and hops (flowers). The malt is primarily responsible for the colour and all of the listed ingredients contribute to the flavor of the beer. It is a misconception that darker beers encompass more hops than pale varieties or are “bitter”. Often times the opposite is true but the rule of thumb is to never judge a beer by looks alone.
Alongside this, a consistent growth is being observed since past few years for preference for low ABV (alcohol by volume) drinks. Owing to this, the sales of low-alcohol or no-alcohol beers is expected to escalate in the near future. This can be attributed to the rising interest of health-conscious consumers in drinks with low alcohol content and a wider choice of new flavored beers with improved taste. Due to the above-listed factors, the demand for beer is predicted to surge over the forecast period (2022-2032).

Main Report link: https://www.futuremarketinsights.com/reports/beer-market