The Global Craft Beer Market Size is evaluated at USD 109 Billion out of 2021 and anticipated to develop at a CAGR of 14.0%, to reach USD 187 billion by 2026.
The interest in low-alcoholic beverages has been ascending with the developing enthusiasm from wellbeing conscious customers. The more extensive decision of new items offered by key players with improved taste and low alcoholic substance in the brew for those of 2.8% ABV and less is driving the market. Expanding the adoption of craft beer among Asian shoppers is supposed to stimulate the worldwide market. In any case, danger from other alcoholic drinks, similar to wine, is one of the major thwarting elements to the global craft beer market.
There is a developing inclination for low liquor by volume drinks, and the deals of no-liquor and low-liquor brews have been ascending with the developing enthusiasm from wellbeing cognizant buyers and a more extensive decision of new ranges with improved taste. There is a pattern toward low-liquor brews and juices, which is ascribed to developing attention to liquor unit utilization and the clients' readiness to attempt new beverages. This move-in pattern is seen in the interest for low liquor drinks by volume at the United Kingdom, where the deals of off-licenses and general stores have taken off to a record high. Another driving component is that the low-liquor beer is presently less expensive than their high alcoholic reciprocals, for those of 2.8% ABV and less. The cost decrease would drive the market for low-liquor lagers, for example, craft beer.
Market Size Available
2020 – 2026
2021 - 2026
By Product Type, Distribution Channel, Age Group and Region
Various Analyses Covered
Global, Regional & Country Level Analysis, Segment-Level Analysis, DROC, PESTLE Analysis, Porter’s Five Forces Analysis, Competitive Landscape, Analyst Overview on Investment Opportunities
North America, Europe, APAC, Latin America, Middle East & Africa
Market Leaders Profiled
Anheuser-Busch InBev, Heineken NV, The Boston Beer Company Inc., D.G. Yuengling & Son Inc., Sam Adams, Constellation Brands, Sierra Nevada, The Gambrinus Company, Chimay Beers and Cheeses, Stone & Wood Brewing Co., Vagabund and Others.
The expanded buying intensity of the buyers that are searching for increasingly inventive items in the food and beverage industry has brought about a more appeal for craft beer items. In addition, the significant ascent in customer consumption on the planet's most crowded nations is additionally impacting the worldwide Craft Beer Market. The medical advantages of craft beer contrasted and mass-created beer, combined with extra flavors, have made craft beer famous among the young age. Besides, there are generously a high number of recent college grads in the world, and they have indicated less brand reliability and readiness to try different things with new and complex flavors. Craft beer is generally favored due to its credibility, taste, and brand. As a result of the expanding interest for such brews, merchants offer the exceptional assortments of lager. For example, AB InBev offers premium specialty brews, Stella Artois, Leffe, Hoegaarden, and ShockTop, a home-style specialty lager. The presentation of the top-notch assortments of craft beer, for example, IPA, pale beer, and heavy, by worldwide and local full-scale distilleries and microbreweries, will drive the development of the market.
The top measures of liquor utilization can likewise prompt diabetes. In general, there are numerous dangerous issues that are hampering the development of the global craft beer market.
Many craft beer players utilize the cash premise method for speaking to obligation purposes. Under the past rules, associations were generally allowed to use this technique if their ordinary yearly gross receipts didn't outperform certain levels (for the most part a restriction of $10 million). As the quantity of craft beer developed, they wound up limited in using the cash premise technique for accounting as they outperformed the gross receipts test. The US government is applying tops on numerous brewers for the creation and is enforcing additional obligations and charges if the quantity of barrel creation outperformed the cutoff. There are starting at now enough brewers in the domain, and adding another would be contrary to the zone's bit of leeway, morals, prosperity or government assistance. Steve Hindy, the organizer of Brooklyn Brewery, expresses that some little brewers will not enter specific business sectors on account of the nearby wholesalers' notoriety. That is terrible for these organizations and awful for the economy, however especially awful for buyers, who couldn't want anything more than to attempt the most recent well-known craft beer yet can't discover them in their state.
Based on the product type, the global craft beer market is segmented into Ale and Lagers. Of these, ale segment registered the highest share in the worldwide craft beer business. In recent years, several customers have developed a particular preference for conventional beers like a pale ale, porters, and stout. This has mostly driven some of the key players in the global market to reinstate different types of traditional beers into the marketplace. For example, Heineken launched a new line of craft beer in 2019 for the market in the UK.
Based on the distribution channel, the global craft beer market is bifurcated into on-trade and off-trade. The on-trade segment held the lion's share in the craft beer business. The on-trade distribution segment often comprises bars, restaurants, coffee shops, clubs, and hotels. The distribution and sales of products in this segment are entirely different from the approach and practices in the off-trade sector. Consumers are looking for a more comfortable and stylish experience, which resulted in an increased number of brewpubs, tasting rooms, and tiki bars. This factor stimulates the rise in the pub and bar culture among millennials, which promotes the global craft beer market growth.
Depending on the age group, the global craft beer industry is divided into 21–35 years, 40–54 years, and 55 years and above. The people in the age group 21–35 years, often referred to as millennials have been detrimental in the surge of different industries, based on product offerings and services. They have been the prime customers in the international marketplace. The craft beer brewers have been continuously implementing new strategies in terms of their product offerings to meet the changing preference of the millennial segment. Thus, upsurge in a number of millennials is anticipated to provide lucrative opportunities for the global craft beer market in the forecast period.
Europe craft beer market dominated the global business. The growth in this region is due to the increased intake of different types of craft beers. With the augmenting demand for these beers, Europe comprises both regional as well as international players that play a pivotal role in the growth of the global craft beer market size, in terms of value.
Nations of the Asia-Pacific area, for example, China and India have seen to have the fastest development in the market because of its expanding interest for larger, extra cash of the individuals, urbanized populace, extension of crucial organizations in numerous nations and expanding create bottling works across the area. In China, a progression of studies have been directed to survey and improve the viability, adequacy and possibility of the catalysts utilized in preparing which results in created and defined items, hence boosting the craft beer market.
Some of the prominent names in the industry that are dominating revenues with their innovative flavors and packaging are AB In Bev, Heineken NV, The Boston Beer Company, Constellation Brands, Sierra Nevada, and others. In the earlier days, low ABV beers are used to be tasteless, which are now replaced with the craft beers.
Key Players in the Market:
Major Key Players in the Global Craft Beer Market are
1.1 Market Definition
1.2 Scope of the report
1.3 Study Assumptions
1.4 Base Currency, Base Year and Forecast Periods
2. Research Methodology
2.1 Analysis Design
2.2 Research Phases
2.2.1 Secondary Research
2.2.2 Primary Research
2.2.3 Data Modelling
2.2.4 Expert Validation
2.3 Study Timeline
3. Report Overview
3.1 Executive Summary
3.2 Key Inferencees
4. Market Dynamics
4.1 Impact Analysis
4.2 Regulatory Environment
4.3 Technology Timeline & Recent Trends
5. Competitor Benchmarking Analysis
5.1 Key Player Benchmarking
5.1.1 Market share analysis
5.1.3 Regional Presence
5.2 Mergers & Acquistion Landscape
5.3 Joint Ventures & Collaborations
6. Market Segmentation
6.1 Craft Beer Market, By Product Type
6.1.3 Market Size Estimations & Forecasts (2021-2026)
6.1.4 Y-o-Y Growth Rate Analysis
6.1.5 Market Attractiveness Index
6.2 Craft Beer Market, By Distribution Channel
6.2.3 Market Size Estimations & Forecasts (2021-2026)
6.2.4 Y-o-Y Growth Rate Analysis
6.2.5 Market Attractiveness Index
6.3 Craft Beer Market, By Age Group
6.3.1 21–35 Years
6.3.2 40–54 Years
6.3.3 55 Years and Above
6.3.4 Market Size Estimations & Forecasts (2021-2026)
6.3.5 Y-o-Y Growth Rate Analysis
6.3.6 Market Attractiveness Index
7. Geographical Landscape
7.1 Global Identity Governance and Administration Market, by Region
7.2 North America - Market Analysis (2021-2026)
7.2.1 By Country
7.2.2 By Product Type
7.2.3 By Distribution Channel
7.2.4 By Age Group
7.3.1 By Country
18.104.22.168 Rest of Europe
7.3.2 By Product Type
7.3.3 By Distribution Channel
7.3.4 By Age Group
7.4 Asia Pacific
7.4.1 By Country
22.214.171.124 South Korea
126.96.36.199 South East Asia
188.8.131.52 Australia & NZ
184.108.40.206 Rest of Asia-Pacific
7.4.2 By Product Type
7.4.3 By Distribution Channel
7.4.4 By Age Group
7.5 Latin America
7.5.1 By Country
220.127.116.11 Rest of Latin America
7.5.2 By Product Type
7.5.3 By Distribution Channel
7.5.4 By Age Group
7.6 Middle East and Africa
7.6.1 By Country
18.104.22.168 Middle East
7.6.2 By Product Type
7.6.3 By Distribution Channel
7.6.4 By Age Group
8. Key Player Analysis
8.1 Anheuser-Busch In Bev
8.1.1 Business Description
8.1.4 SWOT Analysis
8.1.5 Recent Developments
8.1.6 Analyst Overview
8.2 Heineken NV
8.3 The Boston Beer Company Inc.
8.4 D.G. Yuengling & Son Inc
8.5 Sam Adams
8.6 Constellation Brands
8.7 Sierra Nevada
8.8 The Gambrinus Company
8.9 Chimay Beers and Cheeses
8.10 Stone & Wood Brewing Co
9. Market Outlook & Investment Opportunities
List of Tables
List of Figures