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Alcoholic Drinks
Tanzania Beer Market 2024
Anticipated to grow steadily, the Tanzania beer market is expected to rise from USD 1,622.9 million in 2023 to USD 2,843.8 million by 2029, with a CAGR of 9.8% throughout the forecast period. In Tanzania, beer consumption is growing steadily, driven by the country’s expanding middle class and increasing urbanization. The beer market is heavil…
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Alcoholic Drinks
South Africa Beer Market 2024
The South Africa beer market is poised for steady growth, with an expected increase of USD 7.3 billion, reflecting a compound annual growth rate (CAGR) of approximately 7.9% from 2024 to 2029. South Africa has a well-established beer market, driven by a diverse consumer base and a strong beer-drinking culture. The country’s robust brewing indust…
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Alcoholic Drinks
Saudi Arabia Beer Market 2024
The Saudi Arabia beer sector is poised for a dynamic growth phase, anticipating an increase of USD 87.6 million and a compound annual growth rate (CAGR) of approximately 5.8% from 2024 to 2029. Beer consumption in Saudi Arabia is highly restricted due to the country’s strict religious and legal restrictions on alcohol. However, the demand…
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Alcoholic Drinks
Qatar Beer Market 2024
The market for beer is set for moderate growth, with projections indicating an increase of USD 132.3 million and a compound annual growth rate (CAGR) nearing 6.8% over the forecast period. Qatar’s beer market is influenced by its expatriate population and the availability of non-alcoholic alternatives, with restrictions on alcohol consumption limiting the market potent…
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Alcoholic Drinks
Oman Beer Market 2024
The outlook for the Oman beer market indicates a modest growth of USD 63.1 million, with an expected compound annual growth rate (CAGR) of approximately 4.3% over the next five years. In Oman, beer consumption remains modest due to cultural and religious factors. However, there is growing interest in non-alcoholic beers, particularly among the expatr…
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Alcoholic Drinks
Nigeria Beer Market 2024
The Nigeria beer market is projected to grow swiftly, with a USD 2.3 billion increase in market size and a compound annual growth rate (CAGR) close to 10.3%, driven by heightened demand and innovation. Nigeria, Africa’s largest beer market, sees strong beer demand fueled by the country’s large and youthful population, urbanization, and rising dispos…
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Alcoholic Drinks
Morocco Beer Market 2024
The Morocco beer market is on track for substantial growth, expected to escalate from USD 1,401.7 million in 2023 to USD 2,496.8 million by 2029, corresponding to an impressive CAGR of 10.1% during the forecast period. In Morocco, beer consumption is influenced by the country’s growing urban population and rising disposable incomes, especially in cities…
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Alcoholic Drinks
Lebanon Beer Market 2024
Insights reveal that the Lebanon beer market is set for a healthy expansion, with an anticipated growth of USD 211.5 million, corresponding to a compound annual growth rate (CAGR) of nearly 9.6% from 2024 to 2029. Lebanon’s beer market is thriving, primarily driven by the country’s vibrant social culture, where beer is an integral part o…
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Alcoholic Drinks
Kuwait Beer Market 2024
The forecast period from 2024 to 2029 suggests that the Kuwait beer market will see a slight growth trajectory, with an anticipated increase of USD 14.7 million and a CAGR of around 4.6%. Kuwait’s beer market is relatively constrained due to the country’s strict regulations on alcohol consumption, driven by its conservative social norms. Howeve…
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Alcoholic Drinks
Kenya Beer Market 2024
Projections for the Kenya beer market suggest a promising growth trajectory, with an anticipated rise of USD 2.0 billion and a compound annual growth rate (CAGR) nearing 7.9% over the next five years. In Kenya, beer consumption is driven by the country’s rapidly growing urban population, particularly among young adults who are increasingly seeking divers…
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Alcoholic Drinks
Jordan Beer Market 2024
Anticipated trends indicate that the Jordan beer market will achieve incremental growth of USD 71.4 million, translating to a compound annual growth rate (CAGR) of around 6.8% during the forecast period of 2024 to 2029. In Jordan, the beer market is evolving as demand for premium and international beers increases, driven by the young, urban…
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Alcoholic Drinks
Israel Beer Market 2024
The Israel beer market is on track to grow from USD 1,610.2 million in 2023 to USD 2,670.9 million by 2029, with a projected CAGR of 8.8% across the forecast period. Israel’s beer market is expanding, with a growing preference for craft and premium beers, particularly among younger consumers in urban areas like Tel Aviv….