The global craft beer market size is projected to reach USD XX billion by 2027 from USD XX billion 2022. The market size is projected to grow with a CAGR of XX.X% throughout the forecast period.
Beer is the most popular alcoholic beverage across the world. Craft beer is produced by a small, independent, and traditional brewer. For producing craft beer, Malt is the key ingredient used. More than 60 brands of beer are available globally.
Craft beer is collecting large sales than traditional beer owing to labors from local and foreign brewers enlarging their network and providing new brands with new tastes.
COVID-19 Impact on craft Beer Industry
With the sudden outbreak of novel coronavirus (COVID-19), the World Health Organization (WHO) declared pandemic. During the first quarter of 2022, lockdown was imposed for three months. The sales of beverages like beer have come down due to the widespread of coronavirus and lockdown. As the COVID situations slightly came down, the crafts beer market is expected to track back its rising consuming levels and few restrictions were imposed on food and beverages market. As the market is highly affected by the pandemic period, still the craft beer represents the segment growth of the beer brewing market.
The consumers demand more for consuming craft beers at lounges, bars, and breweries which in turn escalate the market growth.
The consumption of craft beer is stimulating as population is increasing who are more addicted to alcohol, especially men.
Easy availability of raw material for producing beer like flavors, and particular ingredients drives the growth of the market globally.
The online sales of craft beer have seen a rise. The easy availability and delivery at home has enabled independents to run online stores of their own choice brands.
People are more aware about the benefits associated with the consumption of craft beer consumption and also lifestyle changes drive the global craft beer market.
Post-COVID, the cost of the beverages like beer has increased which hinders the craft beer market growth during the forecast period.
Excessive intake of alcohol causes damage to the brain and reduces the communication between the brain and the body. Due to large intake of alcohol, more deaths are occurring and as peer WHO, 3.3 million deaths occurred annually. Moreover, 2/3rd of the men population accounted for deaths every year.
Strict regulations and high excise duties hinder the craft beer market growth.
Market Size Available
2022 – 2027
2022 – 2027
By Distribution Type, Type, Age Group, and Region
North America, APAC, Europe, LATAM, MEA
The research report on global craft beer market has been segmented and sub-segmented based on distribution type, type, and age group.
By distribution type, microbreweries craft beer segment is leading the market with majority of the share throughout the forecast period. In Europe, the demand for microbreweries and craft breweries has been increasing resulting in the market growth.
By Type, Ales segment leads the craft beer market over the period. The rising sales and growing number of novel product launch in the low-alcohol craft beer which surge the growth of the craft beer market. The above mentioned factors help in escalating the market growth in Europe.
Based on the age group, 21-35 years old segment is likely to lead the crafts beer market throughout the period. The segment growth owes to the people of this age are considered as millennial and they are termed as key consumers.
Craft Beer Market - Region
Regionally, North America dominates the craft beer market with 38% and more share in terms of revenue. The market growth in the region is due to rising growth of brewers affecting the crafts beer market at a larger level. The United States and Canada are two major contributors in the crafts beer market. The U.S is leading the crafts beer market across the region. In the U.S., to grasp the attention of the consumers, 7,000 and more breweries are participating in the race to compete continuously. Canadian crafts beer market is expected to grow with highest CAGR rate during the forecast period. In the U.S., beer is the highest alcoholic beverage and the market in this region is undergoing a change flourishing the growth of the market. In the U.S., the number of operating craft breweries increase continuously.
European crafts beer market is the second largest region after North America. U.K., Germany, France, Spain, and Italy are the major contributors in the crafts beer market in Europe. A European beer manufacturer, AB InBev has launched golden Italian craft lager Lisa in the UK, in 2018. The European region includes both regional as well as International players who play lead role for the growth of the craft beer market. The demand for beers is increasing tremendously driving the crafts beer market. The region has witnessed increase in consuming craft beer which escalates the market growth. Germany, France, and UK have seen sales increase in the craft beer market.
The crafts beer market in Asia-Pacific is expected to grow at a quick pace during the forecast period. China, India, and Japan are the major contributors in the crafts beer market. The Indian crafts beer market is expected to reach 43 million litres in 2022 from 0.15 million litres in 2014. China and India have witnessed quick growth owing to growing demand for beer with increasing disposable income among the consumers.
The craft beer market in Latin America is the second fastest growing region after Asia-Pacific with highest CAGR rate. Brazil and Mexico responsible for craft beer market growth. Brazil is to lead the market with highest share over the forecast period. Mexican craft beer market is the quickest growing in the region.
Middle East & African craft beer market is anticipated to have sluggish growth rate during the forecast period. UAE, Israel, Africa contribute major share in the craft beer market.
Craft Beer Market Key Players
Major key players involved in the craft beer industry are Carlsberg Group, Oettinger Brewery, Diageo PLC, Heineken N.V., Erdinger Brewery, Anheuser-Busch InBev, Radeberger Brewery, Lasco Brewery, and BAVARIA N.V.
NOTABLE HAPPENINGS IN THE GLOBAL CRAFT BEER MARKET IN THE RECENT PAST
Craft Beer Market - Forecast (2021 - 2026)
Chapter 1. Craft Beer Market – Scope & Methodology
1.1. Market Segmentation
1.3. Research Methodology
1.4. Primary Sources
1.5. Secondary Sources
Chapter 2. Craft Beer Market – Executive Summary
2.1. Market Size & Forecast – (2021 – 2026) ($M/$Bn)
2.2. Key Trends & Insights
2.3. COVID-19 Impact Analysis
2.3.1. Impact during 2021 - 2026
2.3.2. Impact on Supply – Demand
2.3.3. Impact on Production Cost
2.3.4. Impact on Supply Chain
Chapter 3. Craft Beer Market – Competition Scenario
3.1. Market Share Analysis
3.2. Product Benchmarking
3.3. Competitive Strategy & Development Scenario
3.4. Competitive Pricing Analysis
3.5. Supplier - Distributor Analysis
Chapter 4. Craft Beer Market Entry Scenario
4.1. Case Studies – Start-up/Thriving Companies
4.2. Regulatory Scenario - By Region
4.3 Customer Analysis
4.4. Porters Five Force Model
4.4.1. Bargaining Power of Suppliers
4.4.2. Bargaining Powers of Customers
4.4.3. Threat of New Entrants
4.4.4. Rivalry among Existing Players
4.4.5. Threat of Substitutes
Chapter 5. Craft Beer Market – Landscape
5.1. Value Chain Analysis – Key Stakeholders Impact Analysis
5.2. Market Drivers
5.3. Market Restraints/Challenges
5.4. Market Opportunities
Chapter 6. Craft Beer Market – By Distribution Type
6.3. Taproom Breweries
6.4. Regional Breweries
6.5. Contract Brewing Companies
6.6. Alternating Proprietors
Chapter 7. Craft Beer Market – By Type
Chapter 8. Craft Beer Market – By Age Group
8.1. 21–35 Years Old
8.2. 40–54 Years Old
8.3. 55 Years and Above
Chapter 9. Craft Beer Market , By Geography – Market Size, Forecast, Trends & Insights
9.1. North America
9.2.7. Rest of Europe
9.3. Asia Pacific
9.3.2. South Korea
9.3.5. Australia & New Zealand
9.3.6. Rest of Asia-Pacific
9.4. Rest of the World
9.4.1. Middle East
9.4.3. South America
Chapter 10. Craft Beer Market – Company Profiles – (Overview, Product Portfolio, Financials, Developments)
10.1. Company 1
10.2. Company 2
10.3. Company 3
10.4. Company 4
10.5. Company 5
10.6. Company 6
10.7. Company 7
10.8. Company 8
10.9. Company 9
10.10. Company 10
Every order comes with Analyst Support
We offer customization to cater your needs to fullest
We value Integrity, quality and authenticity the most