Craft Beer Market 2021 Growth Analysis And (COVID-19) Effect Analysis | Top Manufacturers, In Depth Insight, Trends And Forecast To 2027

Precision Business Insights published a research report on “Craft Beer Market: By Product Type (Ales, Pilseners and Pale Lagers, Specialty Beers, Others), By Distribution Channel (On-trade, Off-trade), and Geography - Global/Region/Country Forecast to 2027”

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A microbrewery, often known as a craft brewery, is a brewery that produces tiny amounts of beer. Microbreweries manufacture beer on a far smaller scale than corporate brewers, and they are owned by private individuals. Breweries of this type are recognized for producing high-quality beer with outstanding flavor, as well as for their brewing processes. Ale, specialty beers, lagers, and others are some of the most common types of the craft beer. Malt is a key component in the production of craft beer. The ready availability of raw ingredients has created a profitable potential for the craft beer business throughout the world.

The worldwide craft beer market is projected to be propelled by rising demand in nations such as Brazil, New Zealand, Australia, and South Africa. Consumer preferences for higher alcohol by volume (ABV) and spiced/flavored beer are anticipated to drive the global craft beer industry forward in the coming years. Increasing consumer knowledge of the availability of a diverse variety of craft beer styles and tastes, as well as low alcohol by mass ratio, is expected to drive the global craft beer industry forward in the coming years. Additionally, there has been a change in customer taste, with ordinary beer increasingly being preferred. Nonetheless, there has been progress in the brewing process, with more high-quality raw materials being used, which has improved the overall quality of the completed product. Customers have taken notice of this feature, which is expected to boost the global craft beer market's growth over the coming years. Craft beer sales through on-trade distribution networks are expected to increase significantly in developed nations, given these beers are expensive and people in developed countries are prepared to pay more for quality items.

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The global craft beer market is fragmented based on type, distribution and geography. On the basis of type, the market has been further divided into Ales (Strong, Pale, Brown, Indian, Scottish styles), Wild/Sour Beer, Pilseners and Pale Lagers, Porters, Wheat Beers, Bocks, Stouts, Hybrid and Specialty Beers. On the basis of distribution channels, the market is further categorized into on-trade & off-trade distribution.

Asia Pacific, led by China and India, is expected to grow in the worldwide craft beer market over the evaluation period. The expansion of the craft beer industry in Asia Pacific is expected to be aided by rising beer demand and rising disposable income. The growth of large corporations' activity in the Asia Pacific area has resulted in an increase in the number of craft brewers in the region. The Asia Pacific's rapid urbanization is anticipated to increase the craft beer market's growth opportunities.

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