Craft Beer Market is Booming Worldwide with a CAGR of 9.8%

The "Global Craft Beer" intelligence report, just published by USD Analytics, covers insurers' micro-level study of important market niches, product offers, and sales channels. To determine market size, potential, growth trends, and competitive environment, Global Craft Beer provides dynamic views. Both primary and secondary sources of data were used to generate the research, which has both qualitative and quantitative depth. Several of the major figures the study featured BrewDog PLC, Abbaye de Scourmont (Chimay Brewery), The Boston Beer Company, Inc., AFBrew (Asahi Group Holdings), Himburgs Braukunstkeller GmbH, Buxton Brewery Company Limited, The Craft Beer Co. Ltd., D.G. Yuengling and Son, Inc., New Belgium Brewing Company, Inc., Deschutes Brewery, Inc., Bell's Brewery, Inc., Duvel Moortgat USA, Carlsberg Group, Brouwerij Omer Vander Ghinste, Stone Brewing Co., Thornbridge Brewery Limited, Van Pur S.A.

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An Overview of the Craft Beer Market
The Craft Beer Market involves the production, distribution, and sale of beer produced by small, independent, and traditional breweries. Craft beer is known for its emphasis on quality, flavor, and brewing techniques, often deviating from mass-produced, mainstream beer products. Craft breweries typically produce smaller quantities of beer compared to large-scale commercial breweries. Key factors influencing the Craft Beer Market include the increasing consumer interest in unique and diverse beer flavors, a preference for locally produced and artisanal beverages, and a growing craft beer culture. The market is characterized by a wide variety of beer styles, including ales, lagers, stouts, and IPAs, crafted by breweries that prioritize quality ingredients and brewing innovation.
The Craft Beer Market is estimated to increase at a growth rate of 9.8% CAGR over the forecast period from 2024 to 2032.

This course is essential to maintain current market knowledge if you are or want to be involved in the Craft Beer industry. By Type (Ales, Pilseners and Pale Lagers, Specialty Beers, Others), Distribution Channel (Supermarkets and Hypermarkets, Convenience Stores, Online Stores, Others), and significant players are the three market segments. To provide a thorough analysis of the industry, the report compiled data from over 22 jurisdictions or nations across Europe, North America, South America, Asia Pacific, and MEA.

Geographically, the global version of the report has the following country inclusion:
• North America [United States, Canada, and Mexico]
• Europe [Germany, the UK, France, Italy, Netherlands, Belgium, Denmark, Spain, Sweden, and the Rest of Europe]
• Asia-Pacific [China, Japan, South Korea, India, Australia, Indonesia, and Others]
• South America [Brazil, Argentina, Colombia, and the Rest of South America]
• the Middle East and Africa (South Africa, Turkey, Israel, GCC Countries, and the Rest of Africa)

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The primary goal of this study is to determine which market niches or nations insurance companies and aggregators should concentrate on in the future to allocate their resources and efforts toward Craft Beer that will optimize growth and profitability. 2020 will see notably slower growth, and given the dynamic macroeconomic and regulatory environment, mature markets in North America and Western Europe will need "heavy lifting" to handle these tendencies.
In the insurance sector, distribution channels are always crucial because of the "push" nature of many offerings in the sector. To strengthen their relationship with customers, insurers have been refining their distribution model. Face-to-face selling (agents and brokers) has been dominant in the Craft Beer sector over the years. But as the Internet becomes more widely used and consumers start to value expediency, digital purchases are growing in popularity in Craft Beer.
Furthermore, the years considered for the study are as follows:
Historical year - 2018-2022
Base year - 2022
Forecast period** - 2023 to 2030 [** unless otherwise stated]

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Major Highlights of TOC:
Chapter 1: Overview of the Global Craft Beer Market Industry
1.1.1 Overview;
1.1 Craft Beer Industry
1.1.2 Key Companies' Products
1.2 Market Segment by Craft Beer
1.2.1 Industry Chain
1.2.2 Customer Behavior & Distribution Routes
Chapter Two: Demand for Craft Beer Worldwide
2.1 Overview of the Segment
2.2 Global Craft Beer Market Size (2018-2022) by Application/End Users
2.3 Application/End User Forecast for the Global Craft Beer Market (2023E-2029)

Chapter 3: Type-wise Global Craft Beer Market
3.1 According to Type
3.2 Market Size for Craft Beer by Type, 2018-2022
3.3 Market Forecast for Craft Beer by Type (2023E-2030)

Chapter Four: Craft Beer Market: by Region/Country
4.1 Craft Beer Market by Regions
4.2 Craft Beer Market Revenue & Share by Region
4.3 North America
4.4 Europe
4.5 the Asia Pacific
4.6 South America
4.7 the Middle East & Africa
Player Analysis in Chapter Five
5.1 Players' Market Share Analysis (2019-2021E)
5.2 Regional Market Concentration Rates
5.3 Overviews of Companies
..........continued

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Thanks for reading this article; you can also get individual chapter-wise sections or region-wise report versions like North America, Europe, or Asia.

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