Beer Market Size, Share & Growth | Global Industry Report 2027
Beer Market The Beer Market was estimated around USD 630 million in 2019 and is predicted to grow at a CAGR of 5.2% over the forecast period (2020-2027). The factors driving the growth of Beer Market includes growing awareness amongst consumers about the health benefits of consuming beer, increasing popularity of alcoholic beverages amongst millennials and rise in the number of wine shops and liquor stores around the world. As per the report published by Federal Reserve Economic Data (FRED), revenue generated by beer, wine and liquor stores in the United States has increased from USD 3,707 million in February 2017 to USD 4,301 million in 2020, which is expected to boost the Beer Market share in the approaching years. Moreover, rise in the launch of innovative products, increasing availability of beer products at online platforms, growing consumers preference for preimmunized beers, are some of the additional factors supplementing the Global Beer Market . In addition, increasing...