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Global Craft Beer Market Share, Size, Trends, Growth, Analysis, Forecast: By Type: Pilsners and Pale Lagers, Ales, Specialty Beers, Others; By Distribution Channel: Off-trade, On-trade, Others; Regional Analysis; Market Dynamics: SWOT Analysis, Porter’s Five Forces Analysis; Competitive Landscape; Industry Events and Developments; 2023-2028

Global Craft Beer Market Outlook

The global craft beer market reached a value of about USD 92.1 billion in 2021. The market is further expected to grow at a CAGR of 8.9% in the forecast period of 2023-2028 to reach a value of around USD 153.3 billion by 2027.

 

Off-trade Segment Likely to Drive the Market Growth of Craft Beer
 
The availability of craft beer of diverse flavours and superior quality through various off-trade channels including speciality stores is leading to the expansion of the market. Moreover, the rising inclination of customers towards off-trade distribution channels owing to cost-effectiveness and better comfort is providing impetus to the growth of the craft beer market. Meanwhile, the emergence of e-commerce and the availability of craft beers through online platforms is also catalysing the market growth.


 
North America to Account for a Substantial Share of the Market

The availability of hop, a vital ingredient in the preparation of craft beer, is playing a crucial role in the growth of the craft beer market in the North American region. As per the report of the National Institute of Food and Agriculture, United States, the 2021 value of U.S. hops yield totalled $662 million, witnessing a seven per cent rise in production from the previous year. In addition, the strong foothold of craft brewing companies in the region and the increasing production of craft beer is also contributing to the incremental development of the market.

 

Meanwhile, the Asia Pacific region is also witnessing a steady growth in the craft beer market. This is because of the growing demand for craft beers due to increasing purchasing power and rapid urbanisation. In addition, the expanding number of beer companies in countries such as India and China are further invigorating the market for craft beer.

 

Market Segmentation

The craft beer is an alcoholic beverage that is prepared in small quantities using traditional brewing methods to emphasise on quality and flavour. It is made by independent commercial breweries and the crafting takes much longer time as it uses no additives like rice or corn and is considered an art by brewmasters.

 

The craft beer market, by type, is divided into:

  • Pilsners and Pale Lagers
  • Ales
  • Specialty Beers
  • Others

 

Based on distribution channel, the market is segmented into:

  • Off-trade
  • On-trade
  • Others

 

The regional markets for craft beer can be divided into North America, Europe, the Asia Pacific, Latin America, and the Middle East and Africa.

 

Growing Awareness about the Health Benefits of Craft Beer, Availability of Unique Flavours, and Favourable Government Initiatives to Drive the Craft Beer Market Growth

The increasing consumption of craft beer due to its availability in different tastes and flavours coupled with the utilisation of high-quality ingredients are significantly catalysing the growth of the market. In addition, there is an increase in awareness about the health benefits associated with the moderate consumption of craft beer, such as the decreased risk of cardiovascular disease, Alzheimer’s, arthritis, hypertension, and diabetes, among others. Also, the potential health benefits of hops with the presence of zinc and manganese are favouring the craft beer market expansion. 

 

Moreover, the governments across the countries are also taking initiatives to support craft brewers. For instance, Queensland Craft Brewing Strategy, released in November 2018, aims towards supporting the independent craft brewing market to develop its capability, access new markets, and increase its economic contribution. Further, the advancements in brewing techniques and the innovations brought by the leading market players in order to provide superior quality craft beer are projected to aid the market for craft beer in the forecast period.  

 

Key Players in the Global Craft Beer Market
 
The craft beer market report provides a detailed analysis of the following players in the market, covering the competitive landscape and latest developments like mergers and acquisitions, investments, capacity expansions, and plant turnarounds:

 

  • The Boston Beer Company, Inc.
  • Sierra Nevada Brewing Co.
  • Duvel Moortgat NV
  • CANarchy.
  • D.G. Yuengling & Son, Inc.
  • Left Hand Brewing Co.,
  • Others

 

The comprehensive EMR report provides an in-depth assessment of the market based on the Porter's five forces model along with giving a SWOT analysis.
 

Key Highlights of the Report

REPORT FEATURES DETAILS
Base Year 2022
Historical Period 2018-2022
Forecast Period 2023-2028
Scope of the Report

Historical and Forecast Trends, Industry Drivers and Constraints, Historical and Forecast Market Analysis by Segment:

  • Type
  • Distribution Channel
  • Region
Breakup by Type
  • Pilsners and Pale Lagers
  • Ales
  • Specialty Beers
  • Others
Breakup by Distribution Channel
  • Off-trade
  • On-trade
  • Others
Breakup by Region
  • North America
    • United States of America 
    • Canada
  • Europe
    • United Kingdom
    • Germany
    • France
    • Italy
    • Others
  • Asia Pacific
    • China
    • Japan
    • India
    • ASEAN
    • Australia
    • Others
  • Latin America
    • Brazil
    • Argentina
    • Mexico
    • Others
  • Middle East and Africa
    • Saudi Arabia
    • United Arab Emirates
    • Nigeria
    • South Africa
    • Others
Market Dynamics
  • SWOT
  • Porter's Five Forces
  • Key Indicators for Demand
  • Key Indicators for Price
Competitive Landscape
  • Market Structure
  • Company Profiles
    • Company Overview
    • Product Portfolio
    • Demographic Reach and Achievements
    • Certifications
Companies Covered
  • The Boston Beer Company, Inc.
  • Sierra Nevada Brewing Co.
  • Duvel Moortgat NV
  • CANarchy.
  • D.G. Yuengling & Son, Inc.
  • Left Hand Brewing Co.,
  • Others

 

*At Expert Market Research, we strive to always give you current and accurate information. The numbers depicted in the description are indicative and may differ from the actual numbers in the final EMR report.

1    Preface
2    Report Coverage – Key Segmentation and Scope
3    Report Description

    3.1    Market Definition and Outlook
    3.2    Properties and Applications
    3.3    Market Analysis
    3.4    Key Players
4    Key Assumptions
5    Executive Summary

    5.1    Overview
    5.2    Key Drivers
    5.3    Key Developments
    5.4    Competitive Structure
    5.5    Key Industrial Trends
6    Market Snapshot
    6.1    Global
    6.2    Regional
7    Industry Opportunities and Challenges
8    Global Craft Beer Market Analysis

    8.1    Key Industry Highlights
    8.2    Global Craft Beer Historical Market (2018-2022) 
    8.3    Global Craft Beer Market Forecast (2023-2028)
    8.4    Global Craft Beer Market by Type
        8.4.1    Pilsners and Pale Lagers
            8.4.1.1    Market Share
            8.4.1.2    Historical Trend (2018-2022)
            8.4.1.3    Forecast Trend (2023-2028)
        8.4.2    Ales
            8.4.2.1    Market Share
            8.4.2.2    Historical Trend (2018-2022)
            8.4.2.3    Forecast Trend (2023-2028)
        8.4.3    Specialty Beers
            8.4.3.1    Market Share
            8.4.3.2    Historical Trend (2018-2022)
            8.4.3.3    Forecast Trend (2023-2028)
        8.4.4    Others
    8.5    Global Craft Beer Market by Distribution Channel
        8.5.1    Off-trade
            8.5.1.1    Market Share
            8.5.1.2    Historical Trend (2018-2022)
            8.5.1.3    Forecast Trend (2023-2028)
        8.5.2    On-trade
            8.5.2.1    Market Share
            8.5.2.2    Historical Trend (2018-2022)
            8.5.2.3    Forecast Trend (2023-2028)
        8.5.3    Others
    8.6    Global Craft Beer Market by Region
        8.6.1    Market Share
            8.6.1.1    North America
            8.6.1.2    Europe
            8.6.1.3    Asia Pacific
            8.6.1.4    Latin America
            8.6.1.5    Middle East and Africa
9    Regional Analysis
    9.1    North America
        9.1.1    Historical Trend (2018-2022)
        9.1.2    Forecast Trend (2023-2028)
        9.1.3    Breakup by Country
            9.1.3.1    United States of America 
            9.1.3.2    Canada
    9.2    Europe
        9.2.1    Historical Trend (2018-2022)
        9.2.2    Forecast Trend (2023-2028)
        9.2.3    Breakup by Country 
            9.2.3.1    United Kingdom
            9.2.3.2    Germany
            9.2.3.3    France
            9.2.3.4    Italy
            9.2.3.5    Others
    9.3    Asia Pacific
        9.3.1    Historical Trend (2018-2022)
        9.3.2    Forecast Trend (2023-2028)
        9.3.3    Breakup by Country
            9.3.3.1    China
            9.3.3.2    Japan
            9.3.3.3    India
            9.3.3.4    ASEAN
            9.3.3.5    Australia
            9.3.3.6    Others
    9.4    Latin America
        9.4.1    Historical Trend (2018-2022)
        9.4.2    Forecast Trend (2023-2028)
        9.4.3    Breakup by Country
            9.4.3.1    Brazil
            9.4.3.2    Argentina
            9.4.3.3    Mexico
            9.4.3.4    Others
    9.5    Middle East and Africa
        9.5.1    Historical Trend (2018-2022)
        9.5.2    Forecast Trend (2023-2028)
        9.5.3    Breakup by Country
            9.5.3.1    Saudi Arabia
            9.5.3.2    United Arab Emirates
            9.5.3.3    Nigeria
            9.5.3.4    South Africa
            9.5.3.5    Others
10    Market Dynamics
    10.1    SWOT Analysis
        10.1.1    Strengths
        10.1.2    Weaknesses
        10.1.3    Opportunities
        10.1.4    Threats
    10.2    Porter’s Five Forces Analysis
        10.2.1    Supplier’s Power
        10.2.2    Buyer’s Power
        10.2.3    Threat of New Entrants
        10.2.4    Degree of Rivalry
        10.2.5    Threat of Substitutes
    10.3    EMR’s Key Indicators for Demand
    10.4    EMR’s Key Indicators for Price
11    Value Chain Analysis
12    Competitive Landscape

    12.1    Market Structure
    12.2    Company Profiles
        12.2.1    The Boston Beer Company, Inc.
            12.2.1.1    Company Overview
            12.2.1.2    Product Portfolio
            12.2.1.3    Demographic Reach and Achievements
            12.2.1.4    Certifications
        12.2.2    Sierra Nevada Brewing Co.
            12.2.2.1    Company Overview
            12.2.2.2    Product Portfolio
            12.2.2.3    Demographic Reach and Achievements
            12.2.2.4    Certifications
        12.2.3    Duvel Moortgat NV
            12.2.3.1    Company Overview
            12.2.3.2    Product Portfolio
            12.2.3.3    Demographic Reach and Achievements
            12.2.3.4    Certifications
        12.2.4    CANarchy.
            12.2.4.1    Company Overview
            12.2.4.2    Product Portfolio
            12.2.4.3    Demographic Reach and Achievements
            12.2.4.4    Certifications
        12.2.5    D.G. Yuengling & Son, Inc.
            12.2.5.1    Company Overview
            12.2.5.2    Product Portfolio
            12.2.5.3    Demographic Reach and Achievements
            12.2.5.4    Certifications
        12.2.6    Left Hand Brewing Co.,
            12.2.6.1    Company Overview
            12.2.6.2    Product Portfolio
            12.2.6.3    Demographic Reach and Achievements
            12.2.6.4    Certifications
        12.2.7    Others
13    Industry Events and Developments

 

List of Figures and Tables

1.    Global Craft Beer Market: Key Industry Highlights, 2017 and 2021
2.    Global Craft Beer Historical Market: Breakup by Type (USD MillionBillion), 2018-2022
3.    Global Craft Beer Market Forecast: Breakup by Type (USD MillionBillion), 2023-2028
4.    Global Craft Beer Historical Market: Breakup by Distribution Channel (USD MillionBillion), 2018-2022
5.    Global Craft Beer Market Forecast: Breakup by Distribution Channel (USD MillionBillion), 2023-2028
6.    Global Craft Beer Historical Market: Breakup by Region (USD MillionBillion), 2018-2022
7.    Global Craft Beer Market Forecast: Breakup by Region (USD MillionBillion), 2023-2028
8.    North America Craft Beer Historical Market: Breakup by Country (USD MillionBillion), 2018-2022
9.    North America Craft Beer Market Forecast: Breakup by Country (USD MillionBillion), 2023-2028
10.    Europe Craft Beer Historical Market: Breakup by Country (USD MillionBillion), 2018-2022
11.    Europe Craft Beer Market Forecast: Breakup by Country (USD MillionBillion), 2023-2028
12.    Asia Pacific Craft Beer Historical Market: Breakup by Country (USD MillionBillion), 2018-2022
13.    Asia Pacific Craft Beer Market Forecast: Breakup by Country (USD MillionBillion), 2023-2028
14.    Latin America Craft Beer Historical Market: Breakup by Country (USD MillionBillion), 2018-2022
15.    Latin America Craft Beer Market Forecast: Breakup by Country (USD MillionBillion), 2023-2028
16.    Middle East and Africa Craft Beer Historical Market: Breakup by Country (USD MillionBillion), 2018-2022
17.    Middle East and Africa Craft Beer Market Forecast: Breakup by Country (USD MillionBillion), 2023-2028
18.    Global Craft Beer Market Structure

Key Questions Answered in the Report

In 2021, the global market for craft beer attained a value of nearly USD 92.1 billion.

The major market drivers are availability of ingredients, expanding distribution channels, availability in different tastes and flavours, and advancements in brewing techniques.

The key market trends guiding the growth of the market include the increasing number of craft brewing companies, rising inclination towards craft beer due to its superior quality, and the government initiatives in expanding the sector.

The market for craft beer has been assessed to grow at a CAGR of 8.9% between 2023 and 2028 to reach almost USD 153.3 billion by 2027.

The various market divisions, based on type, include pilsners and pale lagers, ales, and specialty beers, among others.

The different distribution channels of the market are off-trade, and on-trade, among others.

The leading craft beer manufacturers include the Boston Beer Company, Inc., Sierra Nevada Brewing Co., Duvel Moortgat NV, CANarchy., D.G. Yuengling & Son, Inc., and Left Hand Brewing Co., among others.

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