Global Craft Beer Market Size By Type(Ales, Lagers), By Distribution Channel(on-trade and off-trade), By Geographic Scope And Forecast

Craft Beer Market Size And Forecast

Craft Beer Market size was valued at USD 234.34 Billion in 2021 and is projected to reach USD 1132.91 Billion by 2030, growing at a CAGR of 19.13% from 2023 to 2030.

Craft beer is booming! In 2021, the global market was worth a whopping USD 234.34 Billion, and it's expected to explode to USD 1132.91 Billion by 2030. That's a serious growth rate of 19.13% each year from 2023 to 2030! Why the surge? Well, more and more people are digging organic alcoholic drinks, and the huge millennial generation is fueling the fire. Plus, rising incomes, more women enjoying a good brew, clever social media marketing, and shifting lifestyles all play a part in this growth. If you want the full story, The Global Craft Beer Market report provides a complete picture. It dives deep into the important parts of the market, highlighting the trends, what's driving it, what's holding it back, who the big players are, and basically everything else that's making this market so exciting.

Global Craft Beer Market Definition

Craft brewing” is a more encompassing term for developments within the industry succeeding the microbrewing movement of the late 20th century. The definition isn’t entirely consistent but typically applies to relatively small, independently-owned commercial breweries that employ traditional brewing methods and emphasize flavor and quality.

A united states trade group, the Brewers Association, curious about brand transparency, offers a definition of craft breweries as “small, independent and traditional”. The craft brewing process takes time and may be considered an art by the brew masters. Within the United Kingdom, the “Assured Independent British Craft Brewer” initiative is travel by the Society of Independent Brewers (SIBA), who make sure that any breweries using the Independent Craft Brewer logo are relatively small, independent, and brewing quality beer.

Global Craft Beer Market Overview

More and more people are watching what they drink, leading to a bigger demand for low-alcoholic options. And with craft beer becoming more popular in Asia, things are looking good for the market. But, other drinks like wine are giving craft beer a run for its money. Also, when cafes and pubs were closed worldwide, the craft beer market took a big hit in 2020. Luckily, things are getting better as COVID-19 restrictions ease up, and we should see craft beer sales bounce back. On the bright side, with everyone staying home during the pandemic, more people were buying alcohol from stores and online – so the off-trade distribution segment saw a significant increase.

People are really starting to dig low-alcohol drinks these days! You can see it in how no-alcohol and low-alcohol beers are flying off the shelves. It's probably because more and more of us are thinking about our health, and the brewers are stepping up their game with tastier options. There's definitely a trend toward lower ABV beers and ciders, as folks are becoming more aware of how much alcohol they're actually drinking and are more open to trying new things. This change is huge in the UK, where supermarkets and off-licenses are seeing record sales of these kinds of drinks. Plus, let's be honest, a big reason is that low-alcohol beers (especially those at 2.8% ABV or less) are often cheaper now! That price drop is really helping the low-alcohol beer market, especially for things like craft beer.

Global Craft Beer MarketSegmentation Analysis

The Global Craft Beer Market is segmented based on Type, Distribution Channel, and Geography.

Craft Beer Market by Type

• Ales• Lagers• other types

Based on the type of craft beer, the market is bifurcated into Ales (pale, strong, Indian, brown, and Scottish styles), Lagers (Pilseners and Pale Lagers), and other types, which include wild/sour beer, wheat beers, stouts, bocks, hybrid, and other specialty beers.

Craft Beer Market by Distribution Channel

• On-trade• Off-trade

By distribution channels, the market is further segmented into on-trade and off-trade distribution. The off-trade distribution channel includes bars, restaurants, clubs and pubs, and similar channels. The off-trade distribution channel retailers are supermarkets/hypermarkets, specialty stores, wholesalers, and online channels

Craft Beer Market by Geography

• North America• Europe• Asia Pacific• Rest of the world

On the basis of regional analysis, the Global Craft Beer Market is classified into North America, Europe, Asia Pacific, and the Rest of the world.

Key Players

The “Global Craft Beer Market” study report will provide a valuable insight with an emphasis on the global market. The major players in the market are Anheuser-Busch InBev, Constellation Brands, Inc., Heineken N.V., The Gambrinus Company., Stone & Wood Brewing Co., Sierra Nevada Brewing Company., UNITED BREWERIES LTD, Salt Lake Brewing Co., L.C.

The competitive landscape section also includes key development strategies, market share, and market ranking analysis of the above-mentioned players globally.

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Reasons to Purchase this Report

We dive deep into the market, looking at both the numbers and the softer, human elements by breaking it down into different groups based on economic and non-economic things. You'll get market values in USD Billion for every slice and dice of the market. We'll pinpoint which region and segment we think will explode with growth and which will be the king of the hill. We also look at how each geographical area is consuming the product/service, and what's helping or hurting the market there. Plus, we give you a competitive rundown, showing the top dogs, recent service/product launches, tie-ups, expansions, and takeovers from the last five years. Expect detailed profiles of major players, including overviews, insights, product comparisons, and SWOT analyses. We’ll also give you our take on where the industry is headed, considering recent happenings, growth chances, and potential roadblocks in both new and established areas. To top it off, we provide a thorough look at the market through Porter's Five Forces and walk you through the Value Chain. Lastly, you’ll get insights into market dynamics, future growth opportunities, and six months of post-sales analyst support.

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