Cyprus Beer Industry Outlook 2022 - 2026

Key Market Indicators

Beer sales in Cyprus are expected to reach €83.5 million by 2026, a 1% year-on-year growth rate from 2021's €77.7 million. Since 2017, demand in the Cypriot market has risen 1.1% annually, placing the country at 23rd in the global rankings, one below Latvia which had €77.7 million. The United Kingdom, Spain, and Belgium took the next three spots. Consumption of beer in Cyprus is forecast to reach 32.9 thousand metric tons by 2026, decreasing on average by 1.4% year-on-year from 2021's 35.15 thousand metric tons. Since 2017, demand in the country has declined 2.6% each year and has put Cyprus in 117th position, with Lesotho just ahead at 35.15 thousand metric tons. The United States, Brazil, and Germany followed. Production of beer in Cyprus is predicted to reach 45,610 metric tons by 2026, registering a 1% CAGR year-on-year from 2021's 42,330 metric tons. Since 1966, the country's output has grown 2.5% annually, which put them in 115th place in the global rankings, one place below Lesotho at 42,330 metric tons. The United States, Brazil, and Mexico took the next three positions.

Cyprus Beer Market Data and Forecasts

Improve your Knowledge with the latest Indicators and Trends

• Beer Industry: Exploring Strategies of Top Global Brewers and Market Dynamics

  The dominant entities within the global brewing industry enlist multifaceted strategies to bolster their market positions. These primarily revolve around portfolio diversification, wherein brewers are seen expanding their offerings beyond traditional beer to accommodate current consumer trends and preferences. Particularly promising are innovations within the realm of low or no-alcohol...

  Discover more insights

• Beer Industry: Understanding Global Market Sizes and Trends

  Efforts to understand the contours of the worldwide beer landscape start with an evaluation of its market size. This is determined through an estimation of the total income generated by the sales of beers from various brewers, both large-scale and craft, across differing geographies. The data collated assists in gauging...

  Discover more insights

• Beer Industry: Uncovering Transformations and Triumphs in Global Craft Production

  Globally, the craft beer industry has observed robust growth, largely driven by a growing consumer preference for diversified and premium quality beer. Consumer demand has pivoted away from mass-produced generic offerings, towards artisanal brews with unique ingredients and compositions. The increased prevalence of microbreweries and brewpubs reflect this trend.

  Discover more insights

• Beverage Industry Unearthed: The Root Beer Market from Growth Forecasts to Business Opportunities

  The root beer market is projected to exhibit a steady growth pattern in the upcoming years. This growth is anticipated primarily due to the increasing demand and preference for non-alcoholic drinks in various regions across the world. Novel flavors, along with the integration of natural, organic ingredients into products, are...

  Discover more insights

• Beverage Sector: Decoding the Craft Soda Market's Growth Prospects and Industry Challenges

  The growth rate for craft sodas is expected to accelerate at an impressive rate. The increasing consumer demand for distinct flavors, organic ingredients, low-calorie options and more natural products is fueling this expansion. Moreover, the emerging trend of various craft alcoholic beverages is creating positive spillover effects on the craft...

  Discover more insights