AB InBev is struggling as beer demand slows

AB InBev, the world’s largest beer company and home to Budweiser, Corona, and Stella Artois, saw its pandemic recovery fade fast.

After a strong rebound in 2021, the company has seen volumes decline for 7 straight quarters. Post-pandemic, AB InBev rode the rebound with record volumes. But the high didn’t last.

Global demand is softening as drinking habits shift, especially among younger consumers leaning toward moderation, wellness, and alternatives like seltzers and spirits.