Beer - Caribbean | Statista Market Forecast

Revenue, at home (e.g., revenue generated in supermarkets and convenience stores) in the Beer market amounts to US$1.7bn in 2024.
Revenue, out-of-home (e.g., revenue generated in restaurants and bars) amounts to US$1.6bn in 2024.
Revenue, combined amounts to US$3.2bn in 2024.
The revenue, at home is expected to grow annually by 0.88% (CAGR 2024-2029).
In global comparison, most revenue, at home is generated United States (US$78bn in 2024).
In relation to total population figures, the average revenue per capita, at home of US$41.06 are generated in 2024.
In the Beer market, volume, at home is expected to amount to 571.5m L by 2024.
Volume, out-of-home is expected to amount to 292.0m L in 2024.
Volume, combined is expected to amount to 863.5m L in 2024.
The Beer market is expected to show a volume growth, at home of -3.3% in 2025.0.
The average volume per person, at home in the Beer market is expected to amount to 14.09L in 2024.

Definition:

The Beer market includes fermented alcoholic beverages based on malt. Non-alcoholic beers are also covered.

Structure:

The Beer market is divided into 2 markets:

Alcoholic Beer (minimum alcohol content: 0.5% ABV)
Non-Alcoholic Beer (maximum alcohol content: 0.5% ABV)

Additional information:

The market comprises revenue and average revenue per capita, volume and average volume per capita, price per liter, as well as sales channels. Per capita figures refer to a country’s or region’s whole population.

At-home market data covers retail sales via super- and hypermarkets, eCommerce, convenience stores, and similar sales channels. Out-of-home market data includes all sales in hotels and restaurants, sales by catering companies, as well as sales in cafés, bars, and similar hospitality service establishments. Combined numbers encompass both the at-home market and the out-of-home market. All prices are valued at retail selling prices, including all sales and consumption taxes.

Key players include Anheuser-Busch InBev (e.g., Corona, Bud Light, and Michelob), Heineken, China Resources Snow Breweries, Carlsberg, and Diageo (Guinness).

Beer of all sorts (Lage, Pilsner, Ale etc.)
Beer Mix Drinks, such as Krombacher Radler
Non-alcoholic Beer, such as Heineken 0.0
Craft Beer, such as Blue Moon

Wine, such as Red Wine
Spirits, such as Whisky

The Beer market in Caribbean has been experiencing significant growth in recent years, driven by changing customer preferences, emerging trends, and local special circumstances. Customer preferences in the Caribbean region have shifted towards craft beer and premium brands. Consumers are increasingly seeking unique and flavorful beer options, leading to a rise in the popularity of craft breweries. This trend is driven by a desire for higher-quality products and a preference for supporting local businesses. Additionally, there is a growing demand for premium imported beers, as consumers are willing to pay a premium for international brands that are perceived as being of higher quality. Trends in the Caribbean Beer market include an increasing focus on sustainability and health-conscious options. Many breweries in the region are implementing environmentally friendly practices, such as using renewable energy sources and reducing water waste. Furthermore, there is a growing demand for low-alcohol and non-alcoholic beer options, as consumers are becoming more health-conscious and seeking alternatives to traditional alcoholic beverages. Local special circumstances in the Caribbean, such as tourism and cultural festivals, contribute to the growth of the Beer market. The region is a popular tourist destination, attracting visitors from around the world who are eager to experience the local culture and cuisine. This presents an opportunity for breweries to showcase their products and cater to the preferences of international tourists. Additionally, cultural festivals and events in the Caribbean often feature beer as a central component, further driving the demand for beer in the region. Underlying macroeconomic factors also play a role in the development of the Beer market in the Caribbean. Economic growth in the region has led to an increase in disposable income, allowing consumers to spend more on leisure activities, including beer consumption. Furthermore, the Caribbean has a strong tradition of socializing and celebrating, which contributes to the demand for beer as a popular beverage choice. In conclusion, the Beer market in the Caribbean is experiencing growth due to changing customer preferences, emerging trends, local special circumstances, and underlying macroeconomic factors. Craft beer and premium brands are becoming increasingly popular, sustainability and health-conscious options are in demand, and the region's tourism and cultural events contribute to the growth of the market. With the continued economic growth and evolving consumer preferences, the Beer market in the Caribbean is expected to continue its upward trajectory.

Data coverage:
The data encompasses B2C enterprises. The at-home market covers retail sales via super- and hypermarkets, eCommerce, convenience stores, or similar sales channels. The out-of-home data encompasses all sales to hotels, restaurants, catering, cafés, bars, and similar hospitality service establishments. Combined numbers encompass both the at-home market and the out-of-home market. Both the at-home and the out-of-home market are valued at retail selling prices including all sales and consumption taxes.

Modeling approach:
Market sizes are determined through a Top-Down approach, building on specific predefined factors for each market segment. As a basis for evaluating markets, we use resources from the Statista platform as well as in-house market research, national statistical offices, international institutions, trade associations, companies, the trade press, and the experience of our analysts. In addition, we use relevant key market indicators and data from country-specific associations, such as GDP, consumer spending (e.g. consumer spending on alcoholic beverages, consumer spending at Hotels, Restaurants etc.), and price level index. This data helps us estimate the market size for each country individually.

Forecasts:
In our forecasts, we apply diverse forecasting techniques. The selection of forecasting techniques is based on the behavior of the relevant market. For example, the exponential trend smoothing is well suited for forecasting the Alcoholic Drinks market with a projected steady growth. The main drivers are GDP per capita and consumer spending per capita.

Additional notes:
The data is modeled using current exchange rates. The impact of the COVID-19 pandemic and the Russia-Ukraine war are considered at a country-specific level.

This report presents a comprehensive analysis and additional information on the Consumer market, in a PDF format.

Like in most of the world, beer has been an integral part of American culture since the beginning. Even prohibition was not able to fully stop the sale of beer, only pushing it underground. In 2022, the United States was the second largest country in worldwide beer production with a production volume of about 194 million hectoliters, following only China. Craft beer has become an increasingly important part of the American market.