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The global beer market size was valued at $605,246.1 million in 2020 and is projected to reach $816,847.7 million by 2030, registering a CAGR of 2.7% from 2021 to 2030. Most of the countries in the world have witnessed rapid urbanization and improvement in their financial conditions. This has led to an overall rise in the disposable income of the people. In addition, this has made way for a shift in consumer preferences, especially among young, aspirational drinkers in the developed economies such as Europe and North America, toward different and modern beer from the traditional beer and rum. Moreover, beer is a widely consumed, produced, and traded alcohol across the globe owing to which also the youth population is attracted towards it.

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