Chile Beer Market Report and Forecast 2024-2032

Chile Beer Market Outlook

The Chile beer market size was approximately USD 2.86 billion in 2023. The market is estimated to grow at a CAGR of 6.80% between 2024 and 2032, reaching a value of USD 4.87 billion by 2032.

Key Takeaways

• In 2021, the per capita beer consumption in Chile reached 61.1 litres, indicating a 13% increase compared to the previous year.

• Beer is one of the most popular alcoholic beverages globally, and increasing demand for premium alcoholic beverages in Chile favours the market growth.

• As of 2020, Chile ranked 36th out of 181 countries in terms of per capita beer consumption.

Beer ranks as the third most popular beverage worldwide, and it is becoming increasingly popular among young adults in Chile. With improving living standards, there is a growing demand for beer as a mild alcoholic option. The market is expected to expand further due to the rising number of breweries in the country and a consistent increase in the demand for alcoholic beverages.

As per the Chile beer market analysis, there is a surge in popularity of flavoured beer options, driven by consumers' desire for innovative beverages. Breweries are expanding their product lines to meet this demand, focusing on maintaining the quality and taste that appeal to a broader range of consumers.

Furthermore, craft beer has gained popularity in Chile due to the increasing preference for premium beverages. The evolving taste preferences of consumers, coupled with rising disposable incomes, have led to a surge in demand for unique and high-quality products, consequently driving up the Chile beer market share. Several craft breweries are located throughout the country, and some of them are Fog Catcher, Guayacán, Beer +56, and Hathor, among others.

Some of the Chilean and Latin American breweries have also installed PV panels in their manufacturing facilities in a bid to lower carbon footprint by utilising emission-free production methods. In 2017, Chile's Guayacán became the first "B Beer" certified brewery in Latin America. Moreover, manufacturers are also focusing on reusing and recycling glass bottles to responsibly manage waste.

Market Segmentation

Chile Beer Market Report and Forecast 2024-2032 offers a detailed analysis of the market based on the following segments:

Market Breakup by Product Type

• Standard Lager

• Premium Lager

• Speciality Beer

• Others

Market Breakup by Packaging

• Glass

• PET Bottle

• Metal Can

• Others

Market Breakup by Production

• Macro-Brewery

• Micro-Brewery

• Others

Market Breakup by Alcohol Content

• High

• Low

• Alcohol Free

Market Breakup by Flavour

• Unflavoured

• Flavoured

Market Breakup by Distribution Channel

• On-trade

• Off-trade

Competitive Landscape

The market participants are placing a greater emphasis on producing innovative and sustainable beer options, often adding seasonal creations to increase their profitability.

• Compañía Cervecerías Unidas SA

• Anheuser-Busch InBev SA/NV

• Kross

• Cerveceria Kunstmann

• Cervecería Austral

• Cervecería y Maltería Quilmes S.A.I.C.A. and G (Quilmes)

• Carlsberg Breweries A/S

• Diageo plc

• Sierra Nevada Brewing Co.

• United Breweries Limited

• Others

Key Highlights of the Report