Amid Ukraine-Russia crisis, our analysts and industry experts are closely monitoring the markets and working hard to identify, gather and timely deliver analysis of the impact of the situation and the impact that it has on various markets. All our reports are updated with the latest impact on the market before being sent out to our customers.
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.
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:
Based on distribution channel, the market is segmented into:
The regional markets for craft beer can be divided into North America, Europe, the Asia Pacific, Latin America, and the Middle East and Africa.
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 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.
|Scope of the Report||
Historical and Forecast Trends, Industry Drivers and Constraints, Historical and Forecast Market Analysis by Segment:
|Breakup by Type||
|Breakup by Distribution Channel||
|Breakup by Region||
*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.
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
5.2 Key Drivers
5.3 Key Developments
5.4 Competitive Structure
5.5 Key Industrial Trends
6 Market Snapshot
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
18.104.22.168 Market Share
22.214.171.124 Historical Trend (2018-2022)
126.96.36.199 Forecast Trend (2023-2028)
188.8.131.52 Market Share
184.108.40.206 Historical Trend (2018-2022)
220.127.116.11 Forecast Trend (2023-2028)
8.4.3 Specialty Beers
18.104.22.168 Market Share
22.214.171.124 Historical Trend (2018-2022)
126.96.36.199 Forecast Trend (2023-2028)
8.5 Global Craft Beer Market by Distribution Channel
188.8.131.52 Market Share
184.108.40.206 Historical Trend (2018-2022)
220.127.116.11 Forecast Trend (2023-2028)
18.104.22.168 Market Share
22.214.171.124 Historical Trend (2018-2022)
126.96.36.199 Forecast Trend (2023-2028)
8.6 Global Craft Beer Market by Region
8.6.1 Market Share
188.8.131.52 North America
184.108.40.206 Asia Pacific
220.127.116.11 Latin America
18.104.22.168 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
22.214.171.124 United States of America
9.2.1 Historical Trend (2018-2022)
9.2.2 Forecast Trend (2023-2028)
9.2.3 Breakup by Country
126.96.36.199 United Kingdom
9.3 Asia Pacific
9.3.1 Historical Trend (2018-2022)
9.3.2 Forecast Trend (2023-2028)
9.3.3 Breakup by Country
9.4 Latin America
9.4.1 Historical Trend (2018-2022)
9.4.2 Forecast Trend (2023-2028)
9.4.3 Breakup by Country
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
188.8.131.52 Saudi Arabia
184.108.40.206 United Arab Emirates
220.127.116.11 South Africa
10 Market Dynamics
10.1 SWOT Analysis
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.
18.104.22.168 Company Overview
22.214.171.124 Product Portfolio
126.96.36.199 Demographic Reach and Achievements
12.2.2 Sierra Nevada Brewing Co.
188.8.131.52 Company Overview
184.108.40.206 Product Portfolio
220.127.116.11 Demographic Reach and Achievements
12.2.3 Duvel Moortgat NV
18.104.22.168 Company Overview
22.214.171.124 Product Portfolio
126.96.36.199 Demographic Reach and Achievements
188.8.131.52 Company Overview
184.108.40.206 Product Portfolio
220.127.116.11 Demographic Reach and Achievements
12.2.5 D.G. Yuengling & Son, Inc.
18.104.22.168 Company Overview
22.214.171.124 Product Portfolio
126.96.36.199 Demographic Reach and Achievements
12.2.6 Left Hand Brewing Co.,
188.8.131.52 Company Overview
184.108.40.206 Product Portfolio
220.127.116.11 Demographic Reach and Achievements
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
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.
Single User License
Five User License
We are technically excellent, strategic, practical, experienced and efficient; our analysts are hand-picked based on having the right attributes to work successfully and execute projects based on your expectations.
We leverage our cutting-edge technology, our access to trusted databases, and our knowledge of the current models used in the market to deliver you research solutions that are tailored to your needs and put you ahead of the curve.
We deliver in-depth and superior quality research in prices that are reasonable, unmatchable, and shows our understanding of your resource structure. We, additionally, offer attractive discounts on our upcoming reports.
Our team of expert analysts are at your beck and call to deliver you optimum results that are customised to meet your precise needs within the specified timeframe and help you form a better understanding of the industry.