Australia Beer and Cider Market Insights 2024

Beer and cider market insights report provides detailed data and textual analysis of the beer and cider sector and the report contains introduction, category and segment insights, company and brand insights, distribution insights, packaging insights, consumer insights, recommendations and appendix sections.

Key insights and drivers behind the beer and cider market performance

Scope

• The Australian economy grew by a moderate rate of 1.9% in 2023, slowing down considerably from 4.3% in 2022.
• Slowing economic growth and the increasing cost of living made many consumers restrict their discretionary expenditure. As a result, their spending on beer and cider declined, resulting in the sector’s volume decline in 2023.
• Manufacturers’ growing investments in zero-alcohol beer have been playing a key role in offsetting losses recorded by regular offerings, as consumers are increasingly restricting their alcohol consumption.
• The beer & cider sector will decline at a negative volume CAGR of 2.2% during 2019-24. Amid the cost-of-living crisis, Australian consumers have been restricting their discretionary spending, hampering the demand for beer and cider.

Reasons to Buy

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