Craft Beer Market 2024 Size, Share, Industry, Forecast to 2030

The Craft Beer Market 2024 Report makes available the current and forthcoming technical and financial details of the industry. It is one of the most comprehensive and important additions to the Prudent Markets archive of market research studies. It offers detailed research and analysis of key aspects of the global Craft Beer market. This report explores all the key factors affecting the growth of the global Craft Beer market, including demand-supply scenario, pricing structure, profit margins, production, and value chain analysis.

Craft Beer Market Segmentation are:

by (Ale and Lager), Distribution Channel (On-Trade and off-Trade), and Age Group (21-35 Year Old and 40-54 Year Old, and 55 Years and Above)

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Craft Beer Market 2023 Overview:

The global craft beer market was valued at $108,912 million in 2018 and is projected to reach $186,590 million by 2025, growing at a CAGR of 8.0% from 2018 to 2025. The rise in demand for different types of craft beers drives the growth of the global craft beer market.

In past decade, there has been a surge in the worldwide consumption of beer. According to the Brewers Association, beer represents nearly 75% of the global market share of alcoholic beverages with India, China, the U.S., Brazil, Russia, Germany, and Mexico being the key markets. When it comes to craft beer, Europe and North America are the dominant markets. These regions have witnessed rise in demand for different types of craft beers such as Porter, Stout, Brown ale, Lager, and cream ale. As a result, these regions play an important role in the growth of the market, in terms of value.

However, over consumption of beer causes many health hazards such as high blood pressure, heartburn, and intoxication. It also increases sugar level of the consumers. Furthermore, drinking inadequately distilled alcoholic beverages can lead to severe health disorders and death in few cases. Imposing high taxes on such beverages is one way to curb the availability of cheap alcohol. These factors are expected to restrain the market growth. In addition, stringent government regulations imposed on the beer market acts as a restrain for the market. Apart from this, import duty for imported products, excise duty, and value-added tax for locally produced products are on rise , which further impends the market growth.

Millennials play an important role in driving the demand for the global craft beer market. There is an increase in the off-premise spending on beer due to the rise in pub and night life culture among millennials. Also, factors such as occasions, motivators, and product preferences play an important role while buying and consuming craft beer. Smooth taste and different flavor are the major factors that drive the growth of the market among millennials.

The global craft beer market is segmented on the basis of product type, distribution channel, age group, and region. By product type, the lager segment accounts for a higher value share due to the rise in demand for different types of traditional beers.

Some of the key companies profiled in the report include Anheuser-Busch InBev, Carlsberg Group, Diageo PLC, Heineken N.V., Erdinger Brewery, Lasco Brewery, Oettinger Brewery, Radeberger Brewery, and BAVARIA N.V.

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The report covers the competitive analysis of the market. As the demand is driven by a buyer's paying capacity and the rate of item development, the report shows the important regions that will direct growth. This section exclusively shares insight into the budget reports of big-league members of the market helping key players and new entrants understand the potential of investments in the Global Craft Beer Market. It can be better employed by both traditional and new players in the industry for complete know-how of the market.

Regional Analysis for Craft Beer Market:
• North America (the USA and Canada)
• Europe (UK, Germany, France, Italy, Spain, Scandinavia and Rest of Europe)
• Asia Pacific (Japan, China, India, Australia, Southeast Asia and Rest of Asia Pacific)
• Latin America (Brazil, Mexico and Rest of Latin America)
• Middle East & Africa (South Africa, GCC and Rest of the Middle East & Africa)

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Strategic Points Covered in Table of Content of Global Craft Beer Market:

Chapter 1: Introduction, market driving force product Objective of Study and Research Scope the Craft Beer market

Chapter 2: Exclusive Summary - the basic information of the Craft Beer Market.

Chapter 3: Displaying the Market Dynamics- Drivers, Trends and Challenges & Opportunities of the Craft Beer

Chapter 4: Presenting the Craft Beer Market Factor Analysis, Porters Five Forces, Supply/Value Chain, PESTEL analysis, Market Entropy, Patent/Trademark Analysis.

Chapter 5: Displaying the by Type, End User and Region/Country

Chapter 6: Evaluating the leading manufacturers of the Craft Beer market which consists of its Competitive Landscape, Peer Group Analysis, BCG Matrix & Company Profile

Chapter 7: To evaluate the market by segments, by countries and by Manufacturers/Company with revenue share and sales by key countries in these various regions

Chapter 8 & 9: Displaying the Appendix, Methodology and Data Source

Why should you purchase this report?

-Prudent Markets provides the vital historical and analysis data of global Craft Beer market.
-The report provides the entire assessment of the future market and altering market scenario or behavior.
-All the business decision could be backed through the several strategic business methodologies offered in the report.
-An extra edge in the competitive market could be obtained from this elaborative research report
-The report offers all the competitive landscape, growth drivers, applications, market dynamics, and other necessary details as well.

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Free Customization on the basis of client requirements on Immediate purchase:

1- Free country-level breakdown of any 5 countries of your interest.
2- Competitive breakdown of segment revenue by market players.

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In conclusion, the Craft Beer Market report is a genuine source for accessing the research data which is projected to exponentially grow your business. The report provides information such as economic scenarios, benefits, limits, trends, market growth rates, and figures. SWOT analysis and PESTLE analysis is also incorporated in the report.

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