Sri Lanka Beer Market 2024

Description

According to the latest estimates, the beer market in Sri Lanka is set to achieve an incremental growth of USD 109.4 million, accelerating at a CAGR of almost 9% during the forecast period 2024-2029. The emergence of artisanal breweries has significantly expanded the diversity of flavors within the beer industry. In stark contrast to the predominantly mass-produced beers that previously saturated the market, consumers can now indulge in a multitude of styles, encompassing ales, lagers, and specialty offerings boasting complex aromas and multifaceted flavors. Marketing strategies have also contributed to a transformation in perception, promoting beer as a culinary experience rather than solely an intoxicating beverage. Breweries are crafting unique flavor profiles, utilizing artistic packaging designs, and fostering social spaces to showcase their products. Consequently, beer is increasingly being championed as a complementary beverage to complement culinary experiences, potentially replacing the traditional role of distilled spirits in this regard.

The report offers a comprehensive evaluation of the Sri Lanka beer market, presenting crucial data on historical market size, growth patterns, and future projections. It provides a thorough breakdown of market segments and sub-segments, with a focus on key variables such as packaging, and distribution channel. This comprehensive evaluation aids in identifying the growth potential within the beer industry.

Market Segmentation

The beer market in Sri Lanka is classified into the following segments:
Packaging: glass bottles, aluminum cans, others
Distribution channel: foodservice channels, supermarkets and hypermarkets, specialty stores, small grocery stores, others

The Sri Lanka beer market is segmented on the basis of packaging, and distribution channel. By packaging, the beer market in Sri Lanka has been segmented into glass bottles, aluminum cans, and others. Based upon distribution channel, the beer market in Sri Lanka is categorized into foodservice channels, supermarkets and hypermarkets, specialty stores, small grocery stores, and others.

Competitive Landscape

The competitive landscape of the industry has also been examined along with the profiles of the key players Lion Brewery PLC, Heineken N.V., Carlsberg A/S.

The report presents a detailed analysis of the Sri Lanka beer market, focusing on the performance of major companies between 2019 and 2023. The data offers valuable insights into market share fluctuations, identifying established leaders and the ascent of new entrants. Such information provides companies with the tools needed to enhance their strategic positioning and remain competitive, even as market conditions evolve.

Why Buy This Report?

Obtain precise statistical data and forecasts for the Sri Lanka beer market.
Develop region-specific strategies and set strategic priorities based on localized data analysis.
Gain deep insights into the dynamics of the Sri Lanka beer market.
Identify high-potential investment opportunities by targeting growth sectors and emerging trends.
Anticipate the future trajectory of the Sri Lanka beer market with informed projections.
Assess the competitive landscape to determine the ideal timing for capitalizing on market opportunities.

Table of Contents

TABLE OF CONTENTS
Key findings
Report scope
Research methodology
Market overviewSri Lanka beer market – packaging analysis
Sri Lanka beer market – distribution channel analysis
Key players and market share
– Lion Brewery PLC
– Heineken N.V.
– Carlsberg A/S
Macroeconomic data and forecast
Disclaimer

FIGURES AND TABLES
Table Sri Lanka beer market 2019-2029
Chart Sri Lanka beer market, net growth, 2019-2029
Chart Sri Lanka beer market, growth rates, 2019-2029
Table Sri Lanka beer market by packaging, 2019-2029
Chart Sri Lanka beer market by packaging, CAGR historic and forecast, 2019-2029
Chart Sri Lanka beer market by packaging, 2019-2029
Table Sri Lanka beer market by distribution channel, 2019-2029
Chart Sri Lanka beer market by distribution channel, CAGR historic and forecast, 2019-2029
Chart Sri Lanka beer market by distribution channel, 2019-2029
Table Sri Lanka beer market share (%), by companies, 2019-2023
Chart Sri Lanka beer market, by companies, 2023
Table Sri Lanka beer market share (%), by brands, 2019-2023
Chart Sri Lanka beer market, by brands, 2023
Table Sri Lanka – population (millions) and forecast
Table Sri Lanka – consumer price index (CPI) and forecast
Table Sri Lanka – gross domestic product and forecast
Table Sri Lanka beer market: spend as a proportion of GDP (%)
Table Sri Lanka beer market: consumption per capita (population)