Global craft beer market is expected to grow at a steady rate during the forecast period. The global craft beer market is driven by upsurge in demand for low alcohol percentage & flavoured beer. Rising disposable income coupled with growing awareness pertaining to wide range of flavours and styles of the product is further expected to bolster the growth of market over the next few years.
Based on distribution channel, the market is fragmented into on-trade and off-trade. Out of which, the on-trade segment is projected to grow at a high CAGR over the next 5 years on account of high hospitality industry growth along with increased consumers’ spending ability.
The major players operating in the craft beer market are The Gambrinus Company, Chimay Beers and Cheeses, 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., Stone and Wood Brewing Co., Sierra Nevada Brewing Co., Minhas Brewery, Omer Vander Ghinste, Vagabund, Bell's Brewery, Inc., Lagunitas Brewing Company, Feral Brewing Co, The Craft Beer Co., Duvel Moortgat USA, Deschutes Brewery and others. Major companies are adopting organic and inorganic strategies in order to stay competitive in the market such as mergers & acquisitions, partnership, agreements, etc.
Objective of the Study
- To analyze and estimate the market size of global craft beer market from 2018 to 2021.
- To estimate and forecast the market size of global craft beer market from 2022 to 2028 and growth rate until 2028.
- To classify and forecast global craft beer market based on type, age group, distribution channel, company and regional distribution.
- To identify dominant region or segment in the global craft beer market.
- To identify drivers and challenges for global craft beer market.
- To examine competitive developments such as expansions, new product launches, mergers & acquisitions, etc., in global craft beer market.
- To conduct pricing analysis for global craft beer market.
- To identify and analyze the profile of leading players operating in global craft beer market.
- To identify key sustainable strategies adopted by market players in global craft beer market.
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Market insights research performed both primary as well as exhaustive secondary research for this study. Initially, Market insights research sourced a list of manufacturers across the globe. Subsequently, Market insights research conducted primary research surveys with the identified companies. While interviewing, the respondents were also enquired about their competitors. Through this technique, Market insights research could include the manufacturers which could not be identified due to the limitations of secondary research. Market insights research analyzed the product offerings, distribution channels and presence of all major manufacturers across the globe.
Market insights research calculated global baby oil market size by using a bottom-up approach, where data for various applications across various end-user segments was recorded and forecast for the future years. Market insights research sourced these values from the industry experts and company representatives and externally validated through analyzing historical data of these product types and applications for getting an appropriate, overall market size. Various secondary sources such as company websites, news articles, press releases, company annual reports, investor presentations and financial reports were also studied by Market insights research.
Key Target Audience
- Craft beer manufacturers
- Market research and consulting firms
- Government bodies such as regulating authorities and policy makers
- Organizations, forums and alliances related to craft beer
The study is useful in providing answers to several critical questions that are important for the industry stakeholders such as
