North America Beer Market – Size, Outlook, Trends and Forecast (2024 – 2032)

Beer is made up of malted cereal grains, hops, water, yeast where all the ingredients undergo fermentation for some extent of time. In additional herbs, fruits and flavoured ingredients are involved in beer. The main kind of beers available within the market are Ale and lager are the most consumed beers. Significant differences between ale and lager are temperature level when they are fermented. The ale is brewed at extreme temperature, whereas, lagers are brewed at a lower temperature.

North America Beer Market Size & Growth:

The North America beer market was valued at $XX million in 2017 and is projected to reach $XX million by 2025, growing at a CAGR of 5.7% from 2019 to 2025.

Drivers that influencing beer market growth are a rise in disposable income and the global rise in youth population and an average number of female drinkers. Increase in many on-premise distribution channels.

On the flip side, increasing in prices of gluten-free beer and huge taxes, high customs charges on imported beer items. As well as on local beer are the restraints that hamper the growth of the beer market.

Developing alcoholic drinks which are healthy for the immune system. Natural flavoured alcoholic drinks and a growing number of craft beer enthusiasts are the opportunities that enhance the growth of the market in future.

North America Beer Market Share:

The significant factors that strive the growth of the market include the consumption of lager type compared to other types of beers. Also, the majority of the companies dealing in the beer market prefer manufacturing lager as it offers high returns on investment.

Local brand brewers are gradually recognising the popularity and profit of international brands and are switching to international beer varieties.

Super-premium beers also witness rapid growth in the business and are anticipated to exhibit the highest growth rate during the forecast