How Fast Is the Craft Beer Market Growing and What's Fueling the Surge?
Beer is one of the most popular and primitive drinks. It is an integral part of several cultures and poses various health benefits when consumed within the limit. It is still one of the most popular drinks among people, especially young drinkers. Beer is the most popular and largely exported alcohol beverage across the regions. Varied taste flavors and formulations have made beer a popular trend among millennials and Gen Z individuals. The innovative methods of infusing varied flavors into the beer have shifted consumer preference to organic flavors and the craft beer market is expected to witness rising market growth. The covid-19 pandemic led to devastating effects on the craft beer market.
Craft Beer Market size was valued at USD 104 Billion in 2023 and is poised to grow from USD 115.65 Billion in 2024 to USD 270.38 Billion by 2032, growing at a CAGR of 11.2% during the forecast period (2025-2032).
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This Craft Beer Market report is being written to illustrate the market opportunity by region and by segments, indicating opportunity areas for the vendors to tap upon. To estimate the opportunity, it was very important to understand the current market scenario and the way it will grow in future. Production and consumption patterns are being carefully compared to forecast the Craft Beer Market. Other factors considered to forecast the market are the growth of the adjacent market, revenue growth of the key market vendors, scenario-based analysis, and market segment growth. The Craft Beer Market size was determined by estimating the market through a top-down and bottom-up approach, which was further validated with industry interviews. To determine the growth of the Craft Beer Market factors such as drivers, trends, restraints, and opportunities were identified, and the impact of these factors was analyzed to determine the market growth. To understand the market growth in detail, we have analyzed the year-on-year growth of the market. Also, historic growth rates were compared to determine growth patterns.
Market Segmentation:
Global Craft Beer Market is segmented by Type, by Ingredients, by Distributional Channel and by Region.
Based on Type, the market is segmented into Ale, Lager, Pilsner, Others (Sour, fruit and specialty).
Based on Ingredients, the market is segmented into Malt, Yeast, Enzymes, Hops.
Based on Distributional Channel, the market is segmented into Off-trade, On-trade.
Based on region, the market is segmented into North America, Europe, Asia Pacific, Latin America and Middle East & Africa.
Craft Beer Market Key Players:
D.G. Yuengling and Son, Inc. Pottsville
The Boston Beer Company
The Gambrinus Company
Sierra Nevada Brewing Co.
Deschutes Brewery
Minhas Brewery
Chimay Beers And Cheeses
Omer Vander Ghinste
Samuel Adams
Great Lakes Brewing Company
The Alchemist Brewery
Russian River Brewing Company
Firestone Walker Brewing Company
Troegs Independent Brewing
Brooklyn Brewery
Essential regions of the Craft Beer market are:
• Craft Beer North America Market includes (Canada, Mexico, USA)
• Craft Beer Europe Market includes (Germany, France, Great Britain, Italy, Spain, Russia)
• Craft Beer Asia-Pacific Market includes (China, Japan, India, South Korea, Australia)
• Middle East and Africa (Saudi Arabia, United Arab Emirates, South Africa)
• Craft Beer South America Market includes (Brazil, Argentina)
FAQs: -
1. What are the sales, production, consumption, imports, and exports of the global market (North America, Europe, Asia-Pacific, South America, Middle East, and Africa)?
2. Who are the major manufacturers who dominate the world market?
3. What are their current capacity, production, sales, pricing, cost, gross, and revenue operating levels?
4. What are the market's risks and opportunities?
What's more, it likewise covers the request and give of the promoting research concentrate in the assessed figure time frame. Explained investigation of the market players with their profile, deals examination and serious scene is given in the report. Besides, organization, joint effort and consolidations in the business are referenced for the accommodation of the investigation of the global Craft Beer industry.
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Objectives of the Study:
• To forecast the market size, in terms of value, for various segments with respect to five main regions, namely, North America, Europe, AsiaPacific (APAC), Latin America (LATAM), Middle East & Africa (MEA)
• To provide detailed information regarding the major factors influencing the growth of the Market (drivers, restraints, opportunities, and challenges)
• To strategically analyze the micro markets with respect to the individual growth trends, future prospects, and contribution to the total market
• To provide a detailed overview of the value chain and analyze market trends with the Porter's five forces analysis
• To analyze the opportunities in the market for various stakeholders by identifying the high-growth Segments
• To identify the key players and comprehensively analyze their market position in terms of ranking and core competencies, along with detailing the competitive landscape for the market leaders
• To analyze competitive development such as joint ventures, mergers and acquisitions, new product launches and development, and research and development in the market
Looking ahead, the Craft Beer Market is poised for continued growth, driven by evolving consumer preferences and ongoing innovations. The trend towards sustainability is expected to strengthen, with more consumers seeking products that align with their values. Additionally, the integration of advanced technologies and digital platforms will likely further enhance market accessibility and consumer engagement. The global Craft Beer Market is a dynamic and evolving landscape, shaped by a confluence of trends and factors.
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