Press release
Craft Beer Market Global Trends, Revenue Growth, and Business Outlook
Craft Beer Market
The global craft beer market is projected to grow from USD 132.67 billion in 2023 to USD 265.53 billion by 2030, registering a compound annual growth rate (CAGR) of 10.42% during the forecast period. This growth is fueled by increasing consumer demand for unique flavors, the rise of microbreweries, and evolving social drinking trends.
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► Competitive Landscape
Leading players in the craft beer market include Boston Beer Company, D.G. Yuengling & Son, Inc., The Gambrinus Company, Stone & Wood Brewing Co., Heineken N.V., and Kirin Holdings Co., Ltd. These companies are focusing on product innovation and strategic partnerships to strengthen their market positions and cater to the evolving consumer demands.
► Regional Insights
♦ United States: Growth and Consolidation
The U.S. craft beer industry experienced a 4% decline in production in 2024, marking the third consecutive year of contraction. Notably, the number of small, independent breweries decreased for the first time in two decades, with 501 closures and only 434 new openings. San Diego, once a leader in the craft beer movement, has seen its influence wane, with none of its breweries now appearing on the Brewers Association's list of the top 50 craft brewers.
♦ Asia-Pacific: Opportunities and Trends
The Asia-Pacific craft beer market was valued at USD 33.29 billion in 2024 and is anticipated to grow at a CAGR of 14.82% from 2025 to 2033, reaching USD 115.46 billion by 2033. China, Japan, and Australia lead the market, supported by a rising number of microbreweries and brewpubs. The increasing preference for premium, artisanal beverages among millennials and urban professionals is a key driver of this growth.
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♦ Europe: Trends and Updation
Europe continues to dominate the craft beer market share, thanks to a deeply ingrained beer culture and a variety of styles fueled by traditional and modern brewing methods. The region's market is projected to reach USD 37.47 billion by 2030. Countries like Belgium, Germany, and the UK are promoting the production of craft beer, contributing to economic development and employment generation.
♦ Middle East and Africa: Growth and Opportunity
The Middle East and Africa (MEA) craft beer market generated a revenue of USD 5.64 billion in 2023 and is expected to grow at a CAGR of 9.2% from 2024 to 2030, reaching USD 10.46 billion by 2030. The region is witnessing a surge in the number of microbreweries and brewpubs, with countries like the United Arab Emirates relaxing alcohol laws to boost tourism and sales. Notably, Abu Dhabi saw the opening of its first brewery, Side Hustle Brews and Spirits, after the city relaxed its alcohol laws.
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► Market Segmentation: In-Depth Analysis:
♦ by Distribution
On-Trade
Off-Trade
♦ by Type
Ale
Lager
Pilsners
Specialty Beers
Others
Ale and Lager are the two segments of the global market. In 2023, the Ale sector had the biggest market share, accounting for 30.67%. Over the years, the majority of beer lovers have developed a strong preference for traditional brews such as stouts, porters, and pale ales. Some of the biggest corporations in the global beer industry have chosen to bring back a variety of historic beers to the market as a result of this consumer perspective.
♦ by Application
Food Service
Personal Buyer
Bar
Others
The global market is divided into three segments: bar, personal buyer, and food service. The global market is anticipated to develop at the greatest compound annual growth rate (CAGR) throughout the forecast period, with the BarCraft Beer Market1 category holding the most market share in 2023. The market is expanding favorably due to the growing influence of western culture among young people, rising consumer disposable incomes, and an increase in the number of bars.
For deeper market insights, peruse the summary of the research report:https://www.maximizemarketresearch.com/market-report/global-craft-beer-market/23570/
► Learn about the top players driving innovation in the Market :
1.D.G. Yuengling and Son
2.The Boston Beer Company
3.New Belgium Brewing Company
4.Bell's Brewery Inc.
5.The Gambrinus Company
6.Sam Adams
7.Sierra Nevada
8.Stone & Wood Brewing Co.
9.The Lagunitas Brewing Company
10.Feral Brewing Co.
11.Molson Coors
12.Heineken
13.Constellation Brands
14.Anheuser-Busch InBe.
15.Karl Strauss
16.Tuatara Breweries
17.BrewdogPlc
18.Guinness & Co.
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► About Maximize Market Research:
Maximize Market Research is a multifaceted market research and consulting company with professionals from several industries. Some of the industries we cover include medical devices, pharmaceutical manufacturers, science and engineering, electronic components, industrial equipment, technology and communication, cars and automobiles, chemical products and substances, general merchandise, beverages, personal care, and automated systems. To mention a few, we provide market-verified industry estimations, technical trend analysis, crucial market research, strategic advice, competition analysis, production and demand analysis, and client impact studies.
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