Craft Beer Market Speeds Towards Exponential Growth

The global craft beer market size is expected to be valued at USD 141.66 thousand units in 2024 and reach USD 272.75 thousand units by 2029, growing at a CAGR of 14% from 2024 to 2029.

Global Craft Beer Market Report Scope:
• Market Size (2029): USD 272.75 thousand units
• Market Size (2024): USD 141.66 thousand units
• CAGR (2024 to 2029): 14%
• Base Year: 2023
• Forecast Period: 2024 to 2029
• Segments Analysed: By Product Type, Distribution Channel, Age Group, & Region
• Geographies Covered: North America, Europe, APAC, Latin America, Middle East & Africa
• Key Market Players Profiled: Anheuser-Busch InBev, Heineken NV, The Boston Beer Company Inc., D.G. Yuengling& Son Inc., Sam Adams, Constellation Brands, Sierra Nevada, The Gambrinus Company, Chimay Beers and Cheeses, Stone & Wood Brewing Co. and Vagabund. Are playing a dominant role in the global craft beer market.

The craft beer market share is esteemed to have the highest growth rate due to the increasing disposable income in urban areas. Rapid urbanization and increasing spending on alcoholic beverages, especially in developed and developing countries, greatly increase the growth rate of the market. Alcoholic beverages, when consumed at a moderate pace, have many advantages as they contain fiber, iron, calcium, vitamin D, and others. Various technological developments in the beverage industry are adding fuel for the launch of different beer brewing styles that are ascribed to promote the market growth rate. The demand for beer has been growing for many years, and now, with the latest technologies, the style of brewing beer is even more attractive to consumers. The easy availability of beer in many stores is propelling the growth rate of the craft beer market. There are around 9,709 breweries in the US, and the demand for craft beer is increasing steadily every year. In 2022, 24.3 million barrels of beer were sold by US craft brewers collectively, which is expected to go beyond by 2025. This further adds market value, especially in emerging countries. Despite the new challenges faced due to COVID-19 in 2020, the demand for craft beer is growing continuously, which is augmented to fuel the market share in the coming years. Acquisitions, collaborations, mergers, and new product launches by the top key players are likely to outrage the market growth rate in the forecast period 2024-2029.
In addition, the launch of new flavored craft beer products according to the consumer preferences ranking is showcasing huge growth opportunities for the craft beer market. An increasing number of brewpubs and taprooms in urban areas is likely to accelerate the market share. The emergence of the social media trend is ascribed to bolstering the growth rate of the craft beer market. The content creators are majorly interested in promoting the new brewpubs and others that reach the target audience easily.

People's preference to consume varied alcoholic beverages like gin, rum, whiskey, and wine, with different ranges available in the stores, slightly limits their share of the market. Easy availability of craft beverages, which are produced with different flavors like grapefruit, lemon, and others, are attracting many consumers and eventually impeding the market growth rate. The shifting trend to focus on health and wellness and ignoring craft beer beverages will eventually lead to a decline in market value.

Browse full details of the report @ https://www.marketdataforecast.com/market-reports/craft-beer-market.

Key Insights from the Report:

• By Product Type, the ale segment registered the highest share in the worldwide craft beer business. In recent years, several customers have developed a particular preference for conventional beers like pale ale, porters, and stout.
• Based on the distribution channel, the on-trade segment held the lion's share in the craft beer market. The on-trade distribution segment often comprises bars, restaurants, coffee shops, clubs, and hotels. The distribution and sales of products in this segment are entirely different from the approach and practices in the off-trade sector.
• By Age Group, The people in the age group 21-35 years, often referred to as millennials, have been detrimental in the surge of different industries based on product offerings and services. They have been the prime customers in the international marketplace.
• Europe dominated the craft beer market in 2023 and is anticipated to register promising growth during the forecast period. The growth in the European region is majorly attributed to the increased intake of different types of craft beers.
• Anheuser-Busch, a Belgium-based organization, has consented to sell their auxiliary Carlton and United Breweries to Asahi Group Holdings Ltd. The Aashi Group will help commercialize the arrangement of AB InBev and its related brands in Australia.

SEGMENTATION INCLUDED IN THIS REPORT:
By Product Type:
• Ale
• Lagers
By Distribution Channel:
• On-trade
• Off-trade
By Age Group:
• 21-35 years
• 40-54 years
• 55 years and above
By Region:
• North America
• Europe
• APAC
• Latin America
• Middle East & Africa

Browse Regional Reports:
North American craft beer Market Research Report - segmented by Product Type, distribution channel, age group and Country (U.S, Canada & Rest of North America) - Industry Analysis on Size, Share, Trends, COVID-19 Impact & Growth Forecast (2024 to 2029) - https://www.marketdataforecast.com/market-reports/na-craft-beer-market

Europe craft beer market Research Report - segmented by Product Type, distribution channel, age group and Country (UK, France, Spain, Germany, Italy, Russia, Sweden, Denmark, Switzerland, Netherlands, Turkey, Czech Republic and Rest of Europe) - Industry Analysis on Size, Share, Trends, COVID-19 Impact & Growth Forecast (2024 to 2029) - https://www.marketdataforecast.com/market-reports/europe-craft-beer-market

APAC craft beer market Research Report - Segmented By Product Type, distribution channel, age group & Country (India, China, Japan, South Korea, Australia, New Zealand, Thailand, Malaysia, Vietnam, Philippines, Indonesia, Singapore & Rest of APAC) - Industry Analysis on Size, Share, Trends, COVID-19 Impact & Growth Forecast (2024 to 2029 ) - https://www.marketdataforecast.com/market-reports/apac-Craft-Beer-Market

Latin America craft beer market Research Report - segmented by Product Type, distribution channel, age group & Country (Brazil, Argentina, Chile, and Rest of Latin America) - Industry Analysis, Size, Share, Growth, Trends, & Forecast (2024 to 2029) - https://www.marketdataforecast.com/market-reports/la-craft-beer-market

Middle East & Africa craft beer market Research Report - Segmented By Product Type, distribution channel, age group & Country (KSA, UAE, Israel, rest of GCC countries, South Africa, Ethiopia, Kenya, Egypt, Sudan and Rest of MEA) - Industry Analysis on Size, Share, Trends, COVID-19 Impact & Growth Forecast from 2024 to 2029 - https://www.marketdataforecast.com/market-reports/mea-craft-beer-market

TABLE OF CONTENTS:
1. Introduction
1.1 Market Definition
1.2 Scope of the report
1.3 Study Assumptions
1.4 Base Currency, Base Year, and Forecast Periods
2. Research Methodology
2.1 Analysis Design
2.2 Research Phases
2.2.1 Secondary Research
2.2.2 Primary Research
2.2.3 Data Modelling
2.2.4 Expert Validation
2.3 Study Timeline
3. Report Overview
3.1 Executive Summary
3.2 Key Inferences
4. Market Dynamics
4.1 Impact Analysis
4.1.1 Drivers
4.1.2 Restraints
4.1.3 Opportunities
4.2 Regulatory Environment
4.3 Technology Timeline & Recent Trends
5. Competitor Benchmarking Analysis
5.1 Key Player Benchmarking
5.1.1 Market Share Analysis
5.1.2 Products/Service
5.1.3 Regional Presence
5.2 Mergers & Acquistion Landscape
5.3 Joint Ventures & Collaborations
6. Market Segmentation
6.1 Craft Beer Market, By Product Type
6.1.1 Ale
6.1.2 Lager
6.1.3 Market Size Estimations & Forecasts (2024-2029)
6.1.4 Y-o-Y Growth Rate Analysis
6.1.5 Market Attractiveness Index
6.2 Craft Beer Market, By Distribution Channel
6.2.1 On-Trade
6.2.2 Off-Trade
6.2.3 Market Size Estimations & Forecasts (2024-2029)
6.2.4 Y-o-Y Growth Rate Analysis
6.2.5 Market Attractiveness Index
6.3 Craft Beer Market, By Age Group
6.3.1 21-35 Years
6.3.2 40-54 Years
6.3.3 55 Years and Above
6.3.4 Market Size Estimations & Forecasts (2024-2029)
6.3.5 Y-o-Y Growth Rate Analysis
6.3.6 Market Attractiveness Index
7. Geographical Landscape
7.1 Global Identity Governance and Administration Market by Region
7.2 North America - Market Analysis (2024-2029)
7.2.1 By Country
7.2.1.1 USA
7.2.1.2 Canada
7.2.2 By Product Type
7.2.3 By Distribution Channel
7.2.4 By Age Group
7.3 Europe
7.3.1 By Country
7.3.1.1 UK
7.3.1.2 France
7.3.1.3 Germany
7.3.1.4 Spain
7.3.1.5 Italy
7.3.1.6 Rest of Europe
7.3.2 By Product Type
7.3.3 By Distribution Channel
7.3.4 By Age Group
7.4 Asia Pacific
7.4.1 By Country
7.4.1.1 China
7.4.1.2 India
7.4.1.3 Japan
7.4.1.4 South Korea
7.4.1.5 South East Asia
7.4.1.6 Australia & NZ
7.4.1.7 Rest of Asia-Pacific
7.4.2 By Product Type
7.4.3 By Distribution Channel
7.4.4 By Age Group
7.5 Latin America
7.5.1 By Country
7.5.1.1 Brazil
7.5.1.2 Argentina
7.5.1.3 Mexico
7.5.1.4 Rest of Latin America
7.5.2 By Product Type
7.5.3 By Distribution Channel
7.5.4 By Age Group
7.6 Middle East and Africa
7.6.1 By Country
7.6.1.1 Middle East
7.6.1.2 Africa
7.6.2 By Product Type
7.6.3 By Distribution Channel
7.6.4 By Age Group
8. Key Player Analysis
8.1 Anheuser-Busch In Bev
8.1.1 Business Description
8.1.2 Products/Service
8.1.3 Financials
8.1.4 SWOT Analysis
8.1.5 Recent Developments
8.1.6 Analyst Overview
8.2 Heineken NV
8.3 The Boston Beer Company Inc.
8.4 D.G. Yuengling & Son Inc
8.5 Sam Adams
8.6 Constellation Brands
8.7 Sierra Nevada
8.8 The Gambrinus Company
8.9 Chimay Beers and Cheeses
8.10 Stone & Wood Brewing Co
9. Market Outlook & Investment Opportunities
Appendix
List of Tables
List of Figures

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Market Data Forecast is a firm working in the areas of market research, business intelligence and consulting. We have rich experience in research and consulting for various business domains to cater to the needs of both individual and corporate clients.

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MarketDataForecast
www.marketdataforecast.com
Phone: 81217 75951
Email: sales@marketdataforecast.com
3rd floor, Trendz Park, Jain Rock Garden Rd, Vittal Rao Nagar, Madhapur, Hyderabad, Telangana 500081

Market Data Forecast is a firm working in the areas of market research, business intelligence and consulting. We have rich experience in research and consulting for various business domains to cater to the needs of both individual and corporate clients.

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