Press release
Craft Beer Market Report, Industry Share, Size, Demand, Growth, Top Brands and Forecast 2022-2027
Craft Beer Market
Craft beer represents a type of alcoholic beverage manufactured in a specialized hands-on process by small or independent microbreweries. It is commonly available in lager, ale, wheat, sour, stout, hybrid, overproof, and spiced variants. Craft beer can aid in preventing heart diseases, reducing stress, improving cognitive functioning, etc. Presently, it is gaining traction across countries as it has a more distinct taste than the mass-produced beer produced by large breweries.
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As the novel coronavirus (COVID-19) crisis takes over the world, we are continuously tracking the changes in the markets, as well as the purchase behaviours of the consumers globally and our estimates about the latest market trends and forecasts are being done after considering the impact of this pandemic.
Market Trends:
The increasing demand for low-alcohol beverages is primarily driving the craft beer market. Additionally, the growing utilization of low ABV ciders, on account of the elevating consumer awareness towards alcohol unit consumption, is further catalyzing the market growth. Besides this, the inflating number of cafes, hotels, and restaurants that are experimenting with dishes using craft beer to offer unique menus to the customers is acting as another significant growth-inducing factor. Moreover, various key market players are introducing a wider choice of flavors, such as spicy, sweet, sour, honey-like, fruity, etc., with enhanced tastes to attract more consumers and expand their product portfolio, which, in turn, is also augmenting the global market. Apart from this, the rising investments in R&D activities aimed at incorporating go-green technologies and innovative methods in the manufacturing process of the product to emphasize sustainable sourcing and minimize water usage are anticipated to fuel the craft beer market over the forecasted period.
Explore Full Report with Table of Contents: https://www.imarcgroup.com/craft-beer-market
Competitive Landscape with Key players:
The report has also analysed the competitive landscape of the market with some of the key players being.
Anheuser-Busch InBev SA/NV
Bell's Brewery Inc.
Constellation Brands Inc.
G. Yuengling & Son Inc.
Diageo Plc
Duvel Moortgat
Heineken NV
New Belgium Brewing Company Inc.
Oskar Blues Brewery LLC
Sierra Nevada Brewing Co.
Stone & Wood Brewing Co. (Lion Brewery Co)
The Boston Beer Company Inc
Craft Beer Market Segmentation:
Our report has categorized the market based on region, product type, age group and distribution channel.
Breakup by Product Type:
Ales
Lagers
Others
Breakup by Age Group:
21-35 Years Old
40-54 Years Old
55 Years and Above
Breakup by Distribution Channel:
On-Trade
Off-Trade
Breakup by Region:
North America (United States, Canada)
Europe (Germany, France, United Kingdom, Italy, Spain, Others)
Asia Pacific (China, Japan, India, Australia, Indonesia, Korea, Others)
Latin America (Brazil, Mexico, Others)
Middle East and Africa (United Arab Emirates, Saudi Arabia, Qatar, Iraq, Other)
Key highlights of the report:
Market Performance (2016-2021)
Market Outlook (2022-2027)
Porter's Five Forces Analysis
Market Drivers and Success Factors
SWOT Analysis
Value Chain
Comprehensive Mapping of the Competitive Landscape
We are updating our reports, If you want latest primary and secondary data (2022-2027) with Cost Module, Business Strategy, Competitive landscape, etc. Click request free sample report, the report will be delivered to you in PDF format via email within 24 to 48 hours after the payment confirmation.
Other Reports of IMARC Group:
India Water Pumps Market: https://www.imarcgroup.com/india-water-pumps-market
India Internet of Things Market: https://www.imarcgroup.com/india-internet-of-things-market
India Home Furnishings Market: https://www.imarcgroup.com/india-home-furnishings-market
United States Crypto ATM Market: https://www.imarcgroup.com/united-states-crypto-atm-market
United States Beer Market: https://www.imarcgroup.com/united-states-beer-market
India Ceiling Fan Market: https://www.imarcgroup.com/india-ceiling-fan-market
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About Us
IMARC Group is a leading market research company that offers management strategy and market research worldwide. We partner with clients in all sectors and regions to identify their highest-value opportunities, address their most critical challenges, and transform their businesses.
IMARC's information products include major market, scientific, economic and technological developments for business leaders in pharmaceutical, industrial, and high technology organizations. Market forecasts and industry analysis for biotechnology, advanced materials, pharmaceuticals, food and beverage, travel and tourism, nanotechnology and novel processing methods are at the top of the company's expertise.
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