The US Craft Beer Market to Worth $52.47 Billion by 2028 - Arizton

According to Arizton's latest focus insights report, the US craft beer market to reach $52.47 billion by 2028, growing at a CAGR of 10.37% during 2022-2028.

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In 2022, the US accounted for a significant revenue share of the North America craft beer market. The US craft beer market witnesses a significant growth due to increased demand for strong and flavorful beer and rise in number of craft breweries in the restaurants, pubs, and bars. The growth of the US craft beer market could be witnessed in the last few years due to improvements in R&D and the availability of innovative craft beers in the market. The lager segment dominates the market based on product segmentation, in terms of value, and is followed by the ale segment. This is because the production of lager beer requires more time due to cool temperature fermentation. Therefore, the price of lager craft beer is higher than ale craft beer. The on-trade segment dominates the market based on distribution channel due to a rise in the number of restaurants, pubs, bars, and hotels.

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Craft beer is meticulously crafted using premium, natural ingredients, with craft brewers exhibiting exceptional care in selecting top-quality malt, yeast, and hops. The outcome is a robust and flavor-packed beer, setting it apart from its mass-produced counterparts. While typical beers typically contain 3% to 5% alcohol content, craft beers often boast a higher range of 5% to 10% alcohol. Craft beer is brewed without dilution, making it a sought-after choice in the market. Renowned for its diverse range of flavors and distinctive tastes and aromas, craft beer offers endless possibilities through various ingredient combinations. In the United States, the craft beer market is characterized by a multitude of vendors, both large and small, offering an extensive array of craft beer options. The prevalence of social gatherings, especially among the sizable millennial population, contributes to the burgeoning craft brewery scene. Furthermore, the off-trade distribution channel has witnessed growth in the United States, particularly in response to the COVID-19 pandemic.

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Key Questions Answered in the Report:

What is the projected value of the US craft beer market by 2028?

What is the projected growth rate of the US craft beer market by value during the forecast period?

What are the factors contributing to the rise in demand for craft beer in the US?

Which companies are the leading players in the US craft beer market?

Table of Contents

CHAPTER - 1: US Craft Beer Market Overview

CHAPTER - 2: US Craft Beer Market Segmentation Data

CHAPTER - 3: US Craft Beer Market Prospects & Opportunities

CHAPTER - 4: US Craft Beer Market Overview

CHAPTER - 5: Appendix

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This release was published on openPR.