IMARC Group has recently released a new research study titled “Europe Beer Market: Industry Trends, Share, Size, Growth, Opportunity and Forecast 2023-2028”, offers a detailed analysis of the Europe beer market demand, drivers, segmentation, growth opportunities, trends and competitive landscape to understand the current and future market scenarios.
The market size reached US$ 146.3 Billion in 2022. Looking forward, IMARC Group expects the market to reach US$ 167.7 Billion by 2028, exhibiting a growth rate (CAGR) of 2.4% during 2023-2028.
Industry Definition and Application:
Beer refers to an alcoholic beverage produced through the process of brewing and fermenting grains, most commonly barley. It is one of the oldest and most widely consumed alcoholic drinks in the world. Beer is consumed in a variety of flavors, ranging from light and crisp to dark and malty, and can be appreciated in different strengths, from weak lagers to strong stouts.
The production of beer involves boiling the grains with hops, which imparts bitterness and flavor to the final product and then fermenting the mixture with yeast. The result is a carbonated drink that can be consumed on its own or paired with a variety of foods, thus making it a popular choice for social gatherings and special events.
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What are the growth prospects and trends in the industry?
Changing drinking habits represents a significant factor driving the market growth across Europe. In addition to this, the rising demand for craft beer in the region, especially among young drinkers as it provides a variety of styles and taste options is further contributing to the market growth in the region.
Moreover, innovative packaging solutions, such as cans and PET bottles, along with European Union (EU) implementing stricter regulations regarding alcohol labeling, advertising, and marketing are expected to create a positive outlook on the market growth across the region.
Other factors, such as improved economic conditions, increased consumer spending, the easy product availability, and the rising inclination toward moderated, sophisticated, and premium beverages are contributing to the market growth.
Key Market Segmentation:
The report has segmented the Europe beer market based on product type, packaging, production, alcohol content, flavor, distribution channel and country.
Breakup by Product Type:
- Standard Lager
- Premium Lager
- Specialty Beer
- Others
Breakup by Packaging:
- Glass
- PET Bottle
- Metal Can
- Others
Breakup by Production:
- Macro-Brewery
- Micro-Brewery
- Others
Breakup by Alcohol Content:
- High
- Low
- Alcohol-Free
Breakup by Flavor:
- Flavored
- Unflavored
Breakup by Distribution Channel:
- Supermarkets and Hypermarkets
- On-Trades
- Specialty Stores
- Convenience Stores
- Others
Breakup by Country:
- Germany
- France
- United Kingdom
- Italy
- Spain
- Others
Competitive Landscape With Key Players:
The competitive landscape of the Europe beer market has been studied in the report with the detailed profiles of the key players operating in the market.
Explore Full Report With TOC List of Figures: https://www.imarcgroup.com/europe-beer-market
Key Highlights of the Report:
- Market Performance (2017-2022)
- Market Outlook (2023-2028)
- Market Trends
- Market Drivers and Success Factors
- Impact of COVID-19
- Value Chain Analysis
- Comprehensive mapping of the competitive landscape
If you need specific information that is not currently within the scope of the report, we will provide it to you as a part of the customization.
About Us
IMARC Group is a leading market research company that offers management strategy and market research worldwide. We partner with clients in all sectors and regions to identify their highest-value opportunities, address their most critical challenges, and transform their businesses.
IMARC’s information products include major market, scientific, economic and technological developments for business leaders in pharmaceutical, industrial, and high technology organizations. Market forecasts and industry analysis for biotechnology, advanced materials, pharmaceuticals, food and beverage, travel and tourism, nanotechnology and novel processing methods are at the top of the company’s expertise.
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