What is the global market size of Craft Beer Market?

Craft Beer Market size was valued at USD 93.69 billion in 2021 and is poised to grow from USD 104 billion in 2022 to USD 243.15 billion by 2030, growing at a CAGR of 11.2% in the forecast period (2023-2030).

Which region accounted for the largest share in Global Craft Beer Market?

Asia Pacific is estimated to dominate the craft beer market share projecting a CAGR of 11%. China and India are projected to be leading markets in the upcoming years. China was recorded to be the leading beer producer in 2022. The Global Craft Beer Market has witnessed increased production and demand for flavored beer. The adoption of modern and western culture and the trend of social dine-outs is common among people due to hectic life schedules.

Craft Beer Market Size, Share, Growth Analysis, By Type(Large, Ale, Others), By Distribution channel(Off-trade, On-trade), By Region - Industry Forecast 2024-2031

Q: Who are the key vendors in the Global Craft Beer Market?

The Global Craft Beer Market includes big and medium-sized and large-sized market participants accounting for a large portion of market revenue. Major players are implementing numerous tactics, including mergers and acquisitions, new launches, strategic agreements and contracts. They are deploying ways to understand the need of the market and garner ways to generate a high market share. 'Sierra Nevada Brewing Company', 'New Belgium Brewing Company', 'Dogfish Head Craft Brewery', 'Stone Brewing', 'Lagunitas Brewing Company', 'Samuel Adams', 'Bell's Brewery', 'Deschutes Brewery', 'Founders Brewing Co.', 'Avery Brewing Company', 'Oskar Blues Brewery', 'Goose Island Beer Co.', 'Brooklyn Brewery', 'Boulevard Brewing Co.', 'Great Lakes Brewing Company', 'The Alchemist Brewery', 'Russian River Brewing Company', 'Firestone Walker Brewing Company', 'Tröegs Independent Brewing', 'Funky Buddha Brewery'

Report ID: SQMIG30E2044 | Region: Global | Published Date: February, 2024
Pages: 165 | Tables: 62 | Figures: 75

Craft Beer Market Insights

Craft Beer Market size was valued at USD 93.69 billion in 2019 and is poised to grow from USD 104 billion in 2023 to USD 243.15 billion by 2031, growing at a CAGR of 11.2% in the forecast period (2024-2031).

Beer is one of the most popular and primitive drinks. It is an integral part of several cultures and poses various health benefits when consumed within the limit. It is still one of the most popular drinks among people, especially young drinkers. Beer is the most popular and largely exported alcohol beverage across the regions. Varied taste flavors and formulations have made beer a popular trend among millennials and Gen Z individuals.

The innovative methods of infusing varied flavors into the beer have shifted consumer preference to organic flavors and the craft beer market is expected to witness rising market growth. The covid-19 pandemic led to devastating effects on the craft beer market.

US Craft Beer Market is poised to grow at a sustainable CAGR for the next forcast year.

Craft Beer Market Report Snapshots

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The Craft Beer Market includes big and medium-sized and large-sized market participants accounting for a large portion of market revenue. Major players are implementing numerous tactics, including mergers and acquisitions, new launches, strategic agreements and contracts. They are deploying ways to understand the need of the market and garner ways to generate a high market share. 'Sierra Nevada Brewing Company', 'New Belgium Brewing Company', 'Dogfish Head Craft Brewery', 'Stone Brewing', 'Lagunitas Brewing Company', 'Samuel Adams', 'Bell's Brewery', 'Deschutes Brewery', 'Founders Brewing Co.', 'Avery Brewing Company', 'Oskar Blues Brewery', 'Goose Island Beer Co.', 'Brooklyn Brewery', 'Boulevard Brewing Co.', 'Great Lakes Brewing Company', 'The Alchemist Brewery', 'Russian River Brewing Company', 'Firestone Walker Brewing Company', 'Tröegs Independent Brewing', 'Funky Buddha Brewery'

Advent arrival of varied flavors in beer is enticing people. There is a huge popularity for beer all over the globe and infusion of the ambition of interesting flavors such as fruity, spicy, and classic premium blends incite drinkers. As a popular component of social gatherings and parties craft beers have gained huge popularity among youngsters which is anticipated to be a significant craft beer market driver in the forecast period.

Increased Market Demand for Craft Beer: The increasing number of craft beer breweries due to increasing market demands has inclined breweries to use innovative methods to entice consumers. CBD, Cannabidiol is an innovative component that is infused in breweries. People are inclined towards CBD infused because of the enhanced taste and low calories. CBD is derived from the cannabis plant it is the non-psychoactive part of it.

Asia Pacific is estimated to dominate the craft beer market share projecting a CAGR of 11%. China and India are projected to be leading markets in the upcoming years. China was recorded to be the leading beer producer in 2022. The Craft Beer Market has witnessed increased production and demand for flavored beer. The adoption of modern and western culture and the trend of social dine-outs is common among people due to hectic life schedules.

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Craft Beer Market Size, Share, Growth Analysis, By Type(Large, Ale, Others), By Distribution channel(Off-trade, On-trade), By Region - Industry Forecast 2024-2031

Craft Beer Market Insights

Craft Beer Market Report Snapshots

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What is the market size of Craft Beer Market?

Who are the key vendors in the Craft Beer Market?

What is the key driver of Craft Beer Market?

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Which region accounted for the largest share in Craft Beer Market?

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