Craft Beer Market Size, Share, Growth, Trends, and Global Industry Analysis: By Product Type (Ales, Pilseners and Pale Lagers, Specialty Beers, Others), By Distribution Channel (On-trade, Off-trade), and Region Forecast 2019-2030    

Craft Beer Market size was valued at US$ 119,923 million in 2023 and is anticipated to grow to US$ 186,592 million by 2030 Growing at a CAGR of 9.4% from 2024-2030 due to increasing in the consumption of low alcoholic beverages and flavored beers, innovation of wide variety of flavors of craft beer products, rise in disposable income, and better availability of the products in developed and developing countries are anticipated to surge the market over the forecast years.

Global market is surging owing to frequent product approvals and launchings by the market players.  Although the definition isn't exact, it usually refers to small, independently owned commercial breweries that use traditional brewing processes and place a premium on flavour and quality. Craft brewers are defined as "small, independent, and traditional" by the Brewers Association, a US trade association interested in brand transparency. The brew masters may view the craft brewing process to be an art form. The Society of Independent Brewers (SIBA) oversees the "Assured Independent British Craft Brewer" programme in the United Kingdom, ensuring that any breweries using the Independent Craft Brewer emblem are small, independent, and manufacturing high-quality beer.