Beer arrived in Australia at the beginning of British colonisation. In 2004 Australia was ranked fourth internationally in per capita beer consumption, at around 110 litres per year; although, the nation ranked considerably lower in terms of total per capita alcohol consumption. The most popular beer style in modern Australia is lager.
The oldest brewery still in operation is the Cascade Brewery, established in Tasmania in 1824. The largest Australian-owned brewery is the family-owned Coopers Brewery, as the other two major breweries Foster's Group and Lion Nathan are owned by the South African SABMiller and the Japanese Kirin Brewing Company, respectively.
Within an alcoholic beverage market worth some $16.3 billion, beer comprises about 48% compared to wine at 29% and spirits at 21%. Within the beer sector, premium beers have a 7.8% share of the market; full strength beer has 70.6%; mid-strength holds 12%; and light beer has 9.6%. 85% of beer is produced by national brewers, the remainder by regional or microbreweries. Microbreweries manufacturing less than 30,000 litres receive a 60% excise rebate.
The history of Australian beer starts very early in Australia's colonial history. Captain James Cook brought beer with him on his ship Endeavour as a means of preserving drinking water. On 1 August 1768, as Cook was fitting out the Endeavour for its voyage, Nathaniel Hulme wrote to Joseph Banks with a recommendation:
"a quantity of Molasses and Turpentine, in order to brew Beer with, for your daily drink, when your Water becomes bad. … [B]rewing Beer at sea will be peculiarly useful in case you should have stinking water on board; for I find by Experience that the smell of stinking water will be entirely destroyed by the process of fermentation."