The global craft beer market size was worth around USD 6.05 billion in 2023 and is predicted to grow to around USD 13.24 billion by 2032 with a compound annual growth rate (CAGR) of roughly 9.22% between 2024 and 2032.
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Market for Craft Beer: General View
Made by independent, small, traditional brewers, craft beer is a variety of beer. Usually composed of traditional components, such malted barley, occasionally non-traditional ingredients are included for uniqueness. Most of the drinking alcohol volume in craft beer comes from brews whose tastes come from creative or conventional brewing fermentation and additives.
Future global craft market is projected to be driven by growing customer inclination for low alcohol and premiumization element and its exotic flavor profile. On a worldwide level, however, tight government rules on the sale of alcohol and increased taxation could hinder the expansion of the craft beer sector. Still, the growing awareness of the variety of flavors and kinds of craft beer is probably going to drive the worldwide craft beer market in next years.
Along with the effects on demand over the projection period, the report covers main drivers and limitations for the craft beer market. The paper also looks at worldwide chances present in the craft beer sector.
We have included a thorough competitive scenario and product portfolio of the main suppliers for giving the viewers of this study a complete insight of the craft beer. Furthermore included is a study of Porter’s Five Forces model for the market to help one grasp the competitive scene in the market. Covering an in-depth examination of worldwide and regional market and market attractiveness analysis, the craft beer market report benchmarks all the segments depending on their development rate, general attractiveness, and market size.
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The Global Craft Beer Market is segmented based on product, application and region
Global Craft Beer Market: Product Segment Analysis
● Specialty Beers
● Ales
● Pilsners and Pale Lagers
● Others
Global Craft Beer Market: Application Segment Analysis
● On-Trade
● Off-Trade
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The Global Craft Beer market profiles key players such as:
● The Gambrinus Company
● The Lagunitas Brewing Company
● D.G. Yuengling and Son
● Anheuser-Busch InBev
● New Belgium Brewing Company
● The Boston Beer Company
● Sierra Nevada
● Stone & Wood Brewing Co
● Sam Adams
● Bell’s Brewery Inc
Market for Craft Beer: Regional Analysis
The regional segmentation covers demand for North America, Europe, Asia Pacific, Latin America, the Middle East and Africa both now and going forward.
In terms of volume and value during the next years, Europe is expected to hold a significant portion of the worldwide craft beer market. The craft beer market expansion in this region is expected to be driven by consumer inclination for flavorful beers along with high product consumption. With over 22% of the worldwide revenue share, UK and Germany are the biggest users of craft accounting.
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