Beer - Equatorial Guinea | Statista Market Forecast

Revenue, at home (e.g., revenue generated in supermarkets and convenience stores) in the Beer market amounts to US$438.9m in 2024.
Revenue, out-of-home (e.g., revenue generated in restaurants and bars) amounts to US$64.2m in 2024.
Revenue, combined amounts to US$503.1m in 2024.
The revenue, at home is expected to grow annually by 3.40% (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$250.10 are generated in 2024.
In the Beer market, volume, at home is expected to amount to 159.2m L by 2024.
Volume, out-of-home is expected to amount to 10.8m L in 2024.
Volume, combined is expected to amount to 170.0m L in 2024.
The Beer market is expected to show a volume growth, at home of 1.6% in 2025.0.
The average volume per person, at home in the Beer market is expected to amount to 90.69L 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 Equatorial Guinea has experienced significant growth in recent years, driven by changing customer preferences, emerging trends in the market, local special circumstances, and underlying macroeconomic factors. Customer preferences in Equatorial Guinea have shifted towards a greater demand for beer, as consumers increasingly choose it as their preferred alcoholic beverage. This can be attributed to factors such as the social acceptance of beer consumption, its affordability compared to other alcoholic beverages, and its refreshing taste. Additionally, the younger population in Equatorial Guinea has shown a growing interest in beer, contributing to the overall increase in demand. Trends in the market have also played a crucial role in the development of the Beer market in Equatorial Guinea. The introduction of new beer brands and flavors has attracted consumers and expanded the product range available in the market. This has not only provided consumers with more options but has also stimulated competition among beer manufacturers, leading to innovations and improvements in product quality. Local special circumstances have further contributed to the growth of the Beer market in Equatorial Guinea. The country's warm climate and cultural traditions, such as social gatherings and celebrations, create a favorable environment for beer consumption. Beer is often seen as a beverage that enhances social interactions and is commonly consumed during festive occasions. This cultural aspect has fueled the demand for beer and has made it an integral part of the local social fabric. Underlying macroeconomic factors have also played a significant role in the development of the Beer market in Equatorial Guinea. The country's economic growth and rising disposable incomes have led to an increase in consumer spending power. As a result, consumers are more willing and able to purchase beer, contributing to the overall growth of the market. Additionally, the expansion of the middle class in Equatorial Guinea has created a larger consumer base for beer, further driving market growth. In conclusion, the Beer market in Equatorial Guinea has experienced significant growth due to changing customer preferences, emerging trends, local special circumstances, and underlying macroeconomic factors. As consumer demand continues to rise and new opportunities emerge, the market is expected to further expand in the coming years.

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.