Report ID: SQMIG30F2040
Report ID:
SQMIG30F2040 |
Region:
Global |
Published Date: March, 2024
Pages:
198
|
Tables:
61 |
Figures:
65
Craft beer production and consumption are steadily expanding on a global scale. America dominates the market with an impressive 55.0% share. Notably, the surge in homemade beer's popularity among millennials acts as a pivotal catalyst driving regional growth. Furthermore, a growing inclination toward unique craft beer meticulously brewed by microbreweries has substantially heightened the demand for such offerings in this geographic area.
Forecasts indicate that the Asia Pacific region is poised for the most rapid Compound Annual Growth Rate (CAGR) of 16.0%, indicating a period of dynamic advancement. This momentum can be attributed to heightened beer consumption, particularly in countries like China and India, propelling noteworthy initial sales figures. Cultural shifts and an upward trend in craft beer consumption in nations such as India, China, and Australia are primed to play a substantial role in elevating the burgeoning regional market share.
Simultaneously, the region is experiencing a remarkable surge in the establishment of breweries, bars, and pubs. This phenomenon augments growth prospects within the area, offering a comprehensive ecosystem for craft beer enthusiasts and fostering a thriving market landscape.
Our industry expert will work with you to provide you with customized data in a short amount of time.
REQUEST FREE CUSTOMIZATIONWant to customize this report? This report can be personalized according to your needs. Our analysts and industry experts will work directly with you to understand your requirements and provide you with customized data in a short amount of time. We offer $1000 worth of FREE customization at the time of purchase.
Report ID: SQMIG30F2040