The global Craft Beer Market size is projected to accrue voluminously by 2027 registering a phenomenal CAGR of 11.0% during the review period (2022 to 2027)
Beer has always been the oldest and max widely consumed alcoholic beverage around the world and has several health benefits if consumed moderately; it contains iron, calcium, vitamin B, and fiber. Advancements in beer brewing technologies have resulted in the emergence of wide-ranging products in the market.Craft beer is fetching higher sales than traditional beer due to endeavors from local and international brewers that are expanding their distribution network and at the same time offering exciting new flavors and tastes. The rising consumer preference for low alcohol by volume (ABV) beer is fueling the growth of the global craft beer market.Consumers are increasingly preferring new styles and flavors of craft beer thus boosting its marketability. With the use of premium quality raw materials and advanced brewing techniques, major chunk of beer consumers have been successfully diverted to craft beer segment from mainstream beer.The craft beer industry is majorly driven by its Premiumization aspect, wherein the consumers willingly pay higher prices for craft beer than its traditional counterparts due to its exotic flavor profile and convenience of making. Thus, higher margins associated with craft beer fetches higher profitability.The demand for low-alcoholic beverages has been rising with the Rising interest of health-conscious consumers. Wider choice of the new product ranges offered by key players with improved taste and low alcoholic content in beer for those of 2.8% ABV and less are driving the market. However, the threat from other alcoholic beverages, like wine, is one of the major hindering factors to the craft beer market.
In 2021, Incroyable, a brand by FrogBeer, launched its first non-alcoholic craft beer product line. The product line consisted of four 0.5% Alcohol by Volume (ABV) brews.
In 2021, Brithop, a brand created by Buxton Brewery, launched a new craft beer having a vibrant, fruity taste, catering to the young consumers in the United Kingdom.
Craft Beer Market is segmented based on the type, applications, companies and regions.
By Type, Craft Beer Market has been segmented into
By Application on Craft Beer Market is,
Craft Beer Market Regional Analysis
North America caters to a large share of the craft beer market. The rising number of microbreweries has surged the popularity of craft beer in the North American market. The increase in the number of breweries in the United States has incremented the demand for craft beers exponentially.
The report offers in-depth assessment of the growth and other aspects of the Craft Beer Market in important regions, including the
Craft Beer Market highlights the potential growth opportunities in upcoming years, while reviewing the market drivers, restraints, growth indicators, challenges, market dynamics, competitive landscape and other key aspects in the global market. The Global Craft Beer Market report also conducted a PESTEL analysis of the industry to study the main influencing factors and entry barriers of the industry. This Research Study compares the markets of Pre COVID-19 and Post COVID-19 with the impact of COVID-19 on the regional economy.
Forecast Period 2022 to 2027 CAGR
CAGR of 11.0% during the review period (2022 to 2027).
Budweiser, Yuengling, The Boston Beer, Sierra Nevada, New Belgium Brewing, Gambrinus, Lagunitas, Bells Brewery, Deschutes, Stone Brewery, Firestone Walker Brewing, Brooklyn Brewery, Dogfish Head Craft Brewery, Founders Brewing, SweetWater Brewing and others.
2017 to 2021
2022 to 2027
Number of Pages
Yes, the report can be customized as per your needs
What is the study period of this market?
The Craft Beer Market is studied from 2017 - 2027.
What is the growth rate of Craft Beer Market?
The Craft Beer Market is growing at a CAGR of 11.0% over the next 5 years.
What regions does this Craft Beer Market report covers?
North America (the United States, Canada, and Mexico)
Europe (Germany, France, UK, Russia, and Italy)
Asia-Pacific (China, Japan, Korea, India, and Southeast Asia)
South America (Brazil, Argentina, Colombia, etc.)
The Middle East and Africa (Saudi Arabia, UAE, Egypt, Nigeria, and South Africa)
All our reports are customizable to your company needs to a certain extent, we do provide 5 free consulting hours along with purchase of each report, and this will allow you to request any additional data to customize the report to your needs.
Secondary Research Information is collected from a number of publicly available as well as paid databases. Public sources involve publications by different associations and governments, annual reports and statements of companies, white papers and research publications by recognized industry experts and renowned academia etc. Paid data sources include third party authentic industry databases.
Once data collection is done through secondary research, primary interviews are conducted with different stakeholders across the value chain like manufacturers, distributors, ingredient/input suppliers, end customers and other key opinion leaders of the industry. Primary research is used both to validate the data points obtained from secondary research and to fill in the data gaps after secondary research.
The market engineering phase involves analyzing the data collected, market breakdown and forecasting. Macroeconomic indicators and bottom-up and top-down approaches are used to arrive at a complete set of data points that give way to valuable qualitative and quantitative insights. Each data point is verified by the process of data triangulation to validate the numbers and arrive at close estimates.
The market engineered data is verified and validated by a number of experts, both in-house and external.
REPORT WRITING/ PRESENTATION
After the data is curated by the mentioned highly sophisticated process, the analysts begin to write the report. Garnering insights from data and forecasts, insights are drawn to visualize the entire ecosystem in a single report.