The Craft Beer Market, valued at USD 108.81 Bn in 2021, is projected to witness substantial growth, reaching nearly USD 240.48 Bn by 2029, with a robust CAGR of 10.42 percent during the forecast period

Craft Beer Market Report Scope and Research Methodology:

The Craft Beer Market is segmented based on type (Ale and Lager) and application (Food Service, Personal Buyer, and Bar). Geographically, the market is analyzed across regions including North America, Europe, Asia Pacific, Latin America, and Middle East & Africa.

The report provides a comprehensive analysis of the Craft Beer Market through a meticulous research methodology. Primary and secondary research methods were employed to gather data and derive valuable insights. Extensive interviews with industry experts, market players, and consumers were conducted to obtain qualitative and quantitative inputs. The data obtained was analyzed using advanced analytical tools and techniques to provide accurate market assessments and forecasts.

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Craft Beer Market Dynamics:

The growing living standards of consumers and the increasing popularity of e-commerce are significant drivers of the Craft Beer Market. Additionally, various government bodies in countries such as China, Australia, and Belgium are actively promoting craft beer to stimulate economic growth. Craft beer, known for its lower alcohol content and health benefits, is attracting consumers, contributing to market growth.

Moreover, the market is witnessing demand for a wide variety of tastes, with traditional flavors like fruit and spice, sour, acidic & funky, and malty gaining popularity. Floral fragrances such as lavender, elderflower, and chamomile have been introduced, offering mild and silky smooth flavors. Technological advancements and research in novel ingredients are driving the growth of the craft beer industry globally.

Despite the positive market outlook, certain factors may hinder market growth. Volatility in manufacturing costs, high pricing of craft beer, and substantial excise taxes are expected to limit market expansion throughout the forecast period.

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Craft Beer Market Regional Insights:

The region dominated the Craft Beer Market in 2021, holding the largest market share of 37.4 percent. Factors such as rising affordability among the middle-class population in developing countries and increasing demand for craft beer are driving market growth. India is anticipated to lead the market expansion during the forecast period, supported by the growing income of the middle-class population and their preference for craft beer.

The region secured the second-largest market share of 36 percent in 2021. Craft beer's popularity in the American market is attributed to the proliferation of independent small breweries and large-scale production. Europe held the third-largest market share in 2021, with a significant focus on the less amount of alcohol in beer and flavored options, driven by changing consumer preferences and a developed economy.

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Craft Beer Market Segmentation;

By Distribution:
• On-Trade
• Off-Trade

By Type:
• Ale
• Lager
• Pilsners
• Specialty Beers
• Others

By Application
• Food Service
• Personal Buyer
• Bar
• Others

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Craft Beer Market Key Competitors include:

• D.G. Yuengling and Son
• The Boston Beer Company
• New Belgium Brewing Company
• Bell's Brewery Inc.
• The Gambrinus Company
• Sam Adams
• Sierra Nevada
• Stone & Wood Brewing Co.
• The Lagunitas Brewing Company
• Feral Brewing Co.
• Molson Coors
• Heineken
• Constellation Brands
• Anheuser-Busch InBe.
• Karl Strauss
• Tuatara Breweries
• BrewdogPlc
• Guinness & Co.

Table of Content for Craft Beer Market

1. Global Craft Beer Market: Research Methodology

2. Global Craft Beer Market: Executive Summary

• Market Overview and Definitions
o Introduction to Global Market
• Summary
o Key Findings
o Recommendations for Investors
o Recommendations for Market Leaders
o Recommendations for New Market Entry

3. Global Craft Beer Market: Competitive Analysis

• MMR Competition Matrix
o Market Structure by region
o Competitive Benchmarking of Key Players
• Consolidation in the Market
o M&A by region
• Key Developments by Companies
• Market Drivers
• Market Restraints
• Market Opportunities
• Market Challenges
• Market Dynamics
• PORTERS Five Forces Analysis
• PESTLE
• Regulatory Landscape by region
o North America
o Europe
o Asia Pacific
o Middle East and Africa
o South America
• COVID-19 Impact

4. Global Craft Beer Market Segmentation

• Global Market, by Distribution (2021-2029)
• Global Market, by Type (2021-2029)
• Global Market, by Application (2021-2029)

5. Regional Craft Beer Market (2021-2029)

• Regional Market, by Distribution (2021-2029)
• Regional Market, by Type (2021-2029)
• Regional Market, by Application (2021-2029)
• Regional Market, by Country (2021-2029)

6. Company Profile: Key players

• Company Overview
• Financial Overview
• Global Presence
• Capacity Portfolio
• Business Strategy
• Recent Developments

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Key Offerings:

• Past Market Size and Competitive Landscape (2018 to 2021)
• Past Pricing and price curve by region (2018 to 2021)
• Market Size, Share, Size & Forecast by different segment | 2022-2029
• Market Dynamics - Growth Drivers, Restraints, Opportunities, and Key Trends by region
• Market Segmentation - A detailed analysis by Distribution, Type and Application
• Competitive Landscape - Profiles of selected key players by region from a strategic perspective
 Competitive landscape - Market Leaders, Market Followers, Regional player
 Competitive benchmarking of key players by region
• PESTLE Analysis
• PORTER's analysis
• Value chain and supply chain analysis
• Legal Aspects of business by region
• Lucrative business opportunities with SWOT analysis
• Recommendations

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