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Beer And Craft Beer Market Emerging Trend, Top Companies, Industry Demand And Regional Analysis 2030

09-20-2022 09:10 AM CET | Business, Economy, Finances, Banking & Insurance

Press release from: We Market Research

Beer And Craft Beer Market

Beer And Craft Beer Market

Beer and craft beer market valued at US $87.27 Billion in 2022 is to reach a value of US $148.83 Billion in 2030, growing at a CAGR of 6.9% over 2022-2030

One of the most common and traditional drinks is beer. When ingested within reasonable limits, it offers a variety of health advantages and is a crucial component of many cultures. It remains one of the most widely consumed beverages, particularly among young drinkers. The most widely consumed and exported alcoholic beverage worldwide is beer. Beer has become a trend that is well-liked by millennials and members of Generation Z because to its many taste tastes and formulas.

Craft beer, as opposed to normal beer, is made in small amounts using a unique recipe. Craft brewers put a greater emphasis on the taste and freshness of the beer. Additionally, it frequently has a higher alcohol concentration than conventional beer. But there are also many other flavours to sample when it comes to craft beer.

Craft beer and microbreweries still have a long way to go and have plenty of obstacles to clear in the next years, even while the business is improving it is still in the early stages. The state and federal governments must take care of and develop the industry. The successful operation of microbreweries can only be ensured with government help. Craft beer and microbreweries have immense promise for the future of the nation.

Due to the growing demand for the product from a variety of consumers, craft beer demand is anticipated to increase quickly. It is anticipated that the product's expanding popularity would accelerate market growth. Craft beer has become more popular as a result of changing lifestyles and escalating social trends. It is a delightful and comforting beverage that is consumed in homes and taverns. In the coming years, market growth is anticipated to be driven by the addition of new flavours and taste improvements.

Key Trends: Growth Determinants And Challenges

• Growing Preferences for Low Alcohol by Volume (ABV)

There has been a heightened demand for low alcohol by volume beverages, and the sales of no-alcohol and low-alcohol beers have been rising with the growing interest from health-conscious consumers and a new and wider range of choices with improved taste. There is a trend toward low-alcohol beers and ciders, which is attributed to a growing awareness of alcohol unit consumption and the customers' willingness to try new beverages.

• Large numbers of eateries coming into existence

With the increase in the number of restaurants, pubs, and bars in the cities, the demand for craft beer on the market is growing. A proliferating number of social trends among millennials has increased the demand for breweries in the market.

The process of canning has been related to a seven-step process that has proved to be technologically beneficial for small beer breweries.

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Beer and Craft Beer Market: Segmental Analysis

By Type:
• Ale
• Lager
• Pilsners
• Other

By Packaging:
• Glass
• Bottle
• Can
• Others

By Production:
• Macro brewery
• Microbrewery
• Craft Brewery
• Others

By Distribution Channel:
• On Trade
• Off Trade

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Top key Players:

Mohan Meakin Ltd., United Breweries Ltd. (UB Group), Arbor Brewing Company India, B9 Beverages Pvt. Ltd. (Bira 91), Carlsberg India Pvt. Ltd., Gateway Brewing Company, Himalayan Ales Pvt. Ltd. (White Rhino), Molson Coors India Pvt. Ltd., Sona Beverages Pvt. Ltd. (Simba Beer), Anheuser-Busch InBev NV, Boston Beer Company, Constellation Brands, SABMiller Plc, and Diageo PLC.
Notably, in June 2020, Anheuser-Busch InBev announced the acquisition of Craft Brew Alliance to diversify its craft beer portfolio.

Impact of COVID-19:

The market growth during and after the COVID-19 era has experienced a neutral impact, according to the results of our research. The market for craft beer is expanding mostly due to the rising popularity of the beverage in developing nations, yet market expansion may be hampered by issues like craft beer's high price. Our research analysts have analysed historical data to determine the COVID-19 pandemic's effect on the craft beer business as well as the major market drivers. To achieve a competitive edge, end goals can be determined and marketing strategies can be improved with the aid of a comprehensive analysis of the drivers.

A medical emergency, Covid 19 was an infectious disease that spread throughout the entire world. Restaurants, pubs, and all other public meeting places were shut down as a result of the lockdown, which was implemented to stop the virus's spread and protect people from its effects. Due to lockout, 87% of brewers had to stop down completely and deal with cancelled orders. Due to the lockdown restrictions, transportation and e-supply were also impacted. However, the number of people buying beer online has increased, and they are increasingly using D2C (Direct to Consumer) platforms.

Frequently Asked Questions (FAQs):

• What is the study period of this market?
• What is the growth rate of Craft Beer Market?
• Which region has highest growth rate in Craft Beer Market?
• Which region has largest share in Craft Beer Market?
• Who are the key players in Craft Beer Market?

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About We Market Research

WE MARKET RESEARCH is an established market analytics and research firm with a domain experience sprawling across different industries. We have been working on multi-county market studies right from our inception. Over the time, from our existence, we have gained laurels for our deep rooted market studies and insightful analysis of different markets.

Our strategic market analysis and capability to comprehend deep cultural, conceptual and social aspects of various tangled markets has helped us make a mark for ourselves in the industry. WE MARKET RESEARCH is a frontrunner in helping numerous companies; both regional and international to successfully achieve their business goals based on our in-depth market analysis. Moreover, we are also capable of devising market strategies that ensure guaranteed customer bases for our clients.

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