Craft Beer Market - Global Industry Analysis, Size, Share, Trends, Analysis, Growth, and Forecast 2017 - 2025

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Craft Beer Market - Global Industry Analysis, Size, Share, Trends, Analysis, Growth, and Forecast 2017 - 2025

Status : September, 2021 | Food and Beverages

Report Digest


Global Craft Beer Market: Snapshot

Craft beer refers to the beer that is traditionally produced. Being a part of the microbrewery industry, craft beer forms a relatively smaller part of the global beer market. Exclusivity and high cost of manufacturing of the product results in its high cost. Expensiveness, clubbed with the fact that most micro-breweries have little international presence owing to the small scale of the industry, makes the craft beer industry one of the most specialized and small arms of the beer market, but one that accounts for a notable share.

The global craft beer market is witnessing development at a robust pace owing to the rising interest of people in traditionally produced beers. Co-factors such as rising disposable incomes, increasing adoption of Western food habits and improving distribution networks are also catalyzing the rising global demand for craft beers.

The market, however, has witnessed stagnant growth in most established markets in the recent past. In the U.S., for instance, the largest market for beers, production as well as consumption volumes have steadily declined in the past few years. In other key markets such as France, Germany, and the U.K. as well, production and consumption volumes of craft beers have continued to decline over the years. A number of factors have contributed to the stagnant growth of the craft beer market in these regions, including the rising popularity of alternative beverages such as cider, wine, and other healthy drinks, financial slowdowns, and increasingly strict regulations.

Global Craft Beer Market: Overview

The global craft beer market is expected to grow at a significant rate in the next few years. The research study throws light on the key aspects that are predicted to encourage the growth of the overall market in the next few years. The challenges and limitations faced by the key players have also been discussed in the scope of the research study. Additionally, a thorough overview of the competitive landscape of the global craft beer market has been provided in the report.

Global Craft Beer Market: Drivers and Restraints

The rising demand for craft beer and the growing consumption across developed regions are the major factors that are projected to fuel the growth of the global craft beer market in the next few years. In addition, the rising demand for flavored beverages across the globe is likely to accelerate the growth of the global market throughout the forecast period. The acceptance of beer as a social drink is another vital factor predicted to supplement the growth of the craft beer market across the globe.

On the other hand, the rising inclination of consumers towards substitutes is one of the key factors expected to hamper the growth of the global craft beer market in the coming years. Nonetheless, the rising consumption of craft beer and the improving distribution network are estimated to augment global beer market in the coming few years. Moreover, the introduction of new flavors is likely to generate promising opportunities for key players in the market.

Global Craft Beer Market: Region-wise Outlook

The global craft beer market has been divided on the basis of geography in order to offer a clear picture of the market. Latin America, North America, Asia Pacific, Europe, the Middle East and Africa are some of the key segments of the global craft beer market. As per the research study, the Asia Pacific market for craft beer is expected to lead the global market and is likely to maintain a dominant position in the next few years. A substantial contribution from Japan, Australia, and New Zealand is predicted to encourage the growth of this region throughout the forecast period.

Furthermore, Europe and North America are expected to witness a healthy growth in the next few years. The rising popularity of craft beer and the easy availability across these regions are projected to fuel the growth of these segments in the coming years. The market share and the estimated growth rate of each segment have been provided in the scope of the research report have been included in the scope of the research study.

Key Players Mentioned in the Research Report are:

The research study talks about the competitive landscape of the global craft beer market. The prominent players operating in the market have been listed in the scope of the research study in order to offer a clear understanding of the market. The company profiles of these players have been discussed in the scope of the research study, along with their business policies, financial overview, SWOT analysis, and the latest developments. In addition, the mergers and acquisitions in the global craft beer market, if any have been mentioned in the research study.

Some of the key players mentioned in the research study are Omer Vander Ghinste, D.G. Yuengling and Son, Stone & Wood Brewing Co., The Boston Beer Company, Sierra Nevada Brewing Co., Deschutes Brewery, Chimay Beers And Cheeses, Feral Brewing Co., The Gambrinus Company, Bell's Brewery, Inc., Vagabund, Lagunitas Brewing Company, and New Belgium Brewing Company. The other players that are estimated to enter the market have also been included in the scope of the research study.

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TMR Research has rich experience in developing state-of-the-art reports for a wide array of markets and sectors. The brilliance of the experts at TMR Research and their alacrity to conduct thorough research and create phenomenal reports makes TMR Research better than others.

5-Point Growth Formula

The 5-point growth formula developed by TMR Research provides an insight to the stakeholders and CXOs about the current situation in the market. The growth formula makes the report a perfect companion for the stakeholders and CXOs.

The 5-point growth formula includes the following points:

  • Current and Future Threats
  • Accurate Trend Analysis
  • Regional Assessment
  • Industrial Analogy
  • COVID-19 Impact

Current and Future Threats

Along with studying the opportunities necessary for growth, threats are also an important aspect to look upon for the companies and stakeholders in a specific sector. TMR Research studies every negative aspect that will hinder the growth of a specific area of business and includes it in the report. The stakeholders and CXOs will have the benefit of assessing the threat and take the necessary steps to prevent the hindrance caused due to the threats.

Accurate Trend Analysis

Keeping up with the latest trends is crucial in any business or sector. While stakeholders are aware of the trends that are on the surface, TMR Researchers find trends that are deeply entrenched in the particular market or sector. The reports are constantly updated with the latest trends so that the stakeholders and CXOs can derive benefits from the trends and generate good revenues.

Regional Assessment

Demography forms an important part of the growth pattern of all the markets. Diving deep into the demographics enables maximum output from specific areas. The TMR Research team assesses every region and picks out the vital points that have a large impact on the growth of a market.

Industrial Analogy

The analysts at TMR Research conduct an all-round analysis on the competitive landscape of the market. The observations recorded by the analysts are added to the reports so that every stakeholder gets a glimpse of the competitive scenario and frame their business plans according to the situation.

COVID-19 Impact

The COVID-19 outbreak has changed the growth projections of numerous sectors and businesses. The analysts at TMR Research have conducted a conscientious survey on the markets after the pandemic struck. The analysts have put forth their brilliant and well-researched opinions in the report. The opinions will help the stakeholders to plan their strategy accordingly.

The reports offer answers to the top 7 questions that revolve around the growth of the market

  • What are the diverse growth parameters influencing the market?
  • Which regions will contribute largely to the growth of the market
  • What are the recent innovations and technological advancements in the market?
  • What are the emerging trends across the market?
  • How has COVID-19 affected the market?
  • What will be the post-pandemic scenario of the market?
  • What are the major threats that will dent the growth prospects of the market?