IMARC Group, a leading market research company, has recently releases report titled “GCC Beer Market Report by Product Type (Standard Lager, Premium Lager, Specialty Beer, and Others), Packaging (Glass, PET Bottle, Metal Can, and Others), Production (Macro-Brewery, Micro-Brewery, and Others), Alcohol Content (High, Low, Alcohol-Free), Flavor (Flavored, Unflavored), Distribution Channel (Supermarkets and Hypermarkets, On-Trades, Specialty Stores, Convenience Stores, and Others), and Country 2024-2032”. The study provides a detailed analysis of the industry, including the GCC beer market share, size, trends, and growth forecasts. The report also includes competitor and regional analysis and highlights the latest advancements in the market.
How Big is the GCC Beer Market?
The GCC beer market size reached US$ 11.6 Billion in 2023. Looking forward, IMARC Group expects the market to reach US$ 15.1 Billion by 2032, exhibiting a growth rate (CAGR) of 2.9% during 2024-2032.
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GCC Beer Market Trends and Drivers:
The changing consumer preferences as well as the burgeoning expatriate population are the factors responsible for the growth of the GCC beer market. Additionally, there is a growing demand for alcoholic beverages, including beer, with a rising number of international residents and tourists in countries like the UAE and Qatar. This demographic change has resulted in an increase in the availability of premium and craft beer alternatives catering to various preferences. Hotels, restaurants, and licensed establishments are expanding their beer offerings to meet the demand from expatriates and tourists seeking familiar beverages. Moreover, international events and a thriving hospitality sector contribute to the rising consumption of beer in the region.
Another significant trend in the GCC beer market is the innovation and expansion of non-alcoholic beer varieties, catering to the local population's cultural and religious preferences. In addition to this, non-alcoholic beer presents a viable alternative for consumers who wish to enjoy the taste of beer without the alcohol content with strict regulations on alcohol consumption, which is acting as another significant growth-inducing factor. Furthermore, major breweries are investing in the development of high-quality, flavorful non-alcoholic beers to appeal to health-conscious and culturally conservative consumers, thereby escalating the market. The market is also witnessing increased marketing and promotional activities aimed at educating consumers about the availability and benefits of non-alcoholic beer, which is anticipated to drive the GCC beer market over the forecasted period.
GCC Beer Market Report Segmentation:
The report is organized into distinct sections as follows:
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:
- Saudi Arabia
- UAE
- Qatar
- Oman
- Kuwait
- Bahrain
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Other Key Points Covered in the Report:
- COVID-19 Impact
- Porters Five Forces Analysis
- Value Chain Analysis
- Strategic Recommendations
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.
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