Craft Beer Market Size, Share, Growth Analysis, and Report 2024-2031

Global Craft Beer Market is expected to grow at a CAGR of 10% during the forecast period 2024-2031.

Craft beer is a type of beer made using traditional or non-mechanized methods by small breweries. According to the American Brewer Association (ABA), a craft brewery is characterized as being "small," "independent," and "traditional." A small craft brewery produces no more than 6 million barrels of beer annually. An independent craft brewery is defined by having less than 25% ownership or control by a member of the alcoholic beverage industry. The increasing demand for low-alcohol beverages is driven by the rising interest of health-conscious consumers.

Get a Free Sample Research PDF - https://www.datamintelligence.com/download-sample/craft-beer-market

Market Dynamics:

Rising number of craft and microbreweries

The rising trend of socializing, particularly among millennials, has led to an increase in visits to taprooms and brewpubs, driving the growth of small and independent breweries. As a result, breweries are enhancing beer production to meet the growing consumer demand. In 2019, U.S. small and independent brewers produced 26.3 million barrels of beer, marking a 4% volume growth compared to the previous year, according to the Brewers Association. Craft beer production that year made up 25.2% of the U.S. beer retail market, contributing significantly to the market's overall growth. The introduction of various strong and flavorful craft beers, including honey-flavored, fruit & spice, tart & funky, and malty & sweet varieties, has captured consumer interest. Floral notes like chamomile, lavender, and elderflower add a subtle, smooth quality to the beers, enhancing and balancing the flavors. The incorporation of new ingredients and innovative flavors has increasingly attracted consumers worldwide.

Segment Covered in the Craft Beer Market:

By Type: Ale, Lager, Pilsner, Others.

By Distribution Channel: On-Trade, Off-Trade.

Get Customization in the report as per your requirements: https://www.datamintelligence.com/customize/craft-beer-market

Key players involved in Craft Beer Market:

• Anheuser-Busch In Bev
• Constellation Brands
• Heineken NV
• The Boston Beer Company Inc.
• Oskar Blues Brewery LLC
• D.G. Yuengling & Son Inc.
• New Belgium Brewing Company Inc.
• The Gambrinus Company
• Stone and Wood Brewing Co.
• Sierra Nevada Brewing Co.

*Note:

• Additionally, I wanted to highlight that the full version of the report includes an in-depth analysis of emerging players and startups, which will provide valuable insights into the evolving market landscape and key strategies being adopted.

Regional Analysis:

The Craft Beer Market report focuses on six major regions: North America, Latin America, Europe, Asia Pacific, the Middle East, and Africa. The report offers detailed insight into new product launches, new technology evolutions, innovative services, and ongoing R&D. The report discusses a qualitative and quantitative market analysis, including PEST analysis, SWOT analysis, and Porter's five force analysis. The Craft Beer Market report also provides fundamental details such as raw material sources, distribution networks, methodologies, production capacities, industry supply chain, and product specifications.

Related Reports:

Specialty Fats Market: https://www.datamintelligence.com/research-report/specialty-fats-market

Drinkable Meals Market: https://www.datamintelligence.com/research-report/drinkable-meals-market

Food Recycler Market: https://www.datamintelligence.com/research-report/food-recycler-market

Contact Us -
Company Name: DataM Intelligence
Contact Person: Sai Kiran
Email: Sai.k@datamintelligence.com
Phone: +1 877 441 4866
Website: https://www.datamintelligence.com

About Us -
DataM Intelligence is a Market Research and Consulting firm that provides end-to-end business solutions to organizations from Research to Consulting. We, at DataM Intelligence, leverage our top trademark trends, insights and developments to emancipate swift and astute solutions to clients like you. We encompass a multitude of syndicate reports and customized reports with a robust methodology.

Our research database features countless statistics and in-depth analyses across a wide range of 6300+ reports in 40+ domains creating business solutions for more than 200+ companies across 50+ countries; catering to the key business research needs that influence the growth trajectory of our vast clientele.

This release was published on openPR.