Craft Beer Market: Global Market Estimation, Dynamics, Regional Share, Trends, Competitor Analysis 2017-2021 and Forecast 2022-2028

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Craft Beer Market: By Product Type (Ales, Pilseners and Pale Lagers, Specialty Beers, Others), By Distribution Channel (On-trade, Off-trade), and Geography

 

 

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Report

Description

Craft Beer Market was valued at $108,923 million in 2020 and is anticipated to grow at $186,592 million by 2027 recording a CAGR of 8.2% during the forecast period 2021-2027 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 craft beer market is surging owing to frequent product approvals and launchings by the market players. For instance, In June 2018, Kingfisher teamed up with Freedom, one of the UK’s original craft breweries to develop pale ale craft beer for its customers. Moreover, in January 2019, British Brewer launched light craft beer to promote smart drinking. Craft brewing is a broader term describing advancements in the industry that followed the late-twentieth-century microbrewing trend. 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.


Global Craft Beer Market

MARKET SUMMARY
-
8.2%
  • Study Period– 2021-2027
  • Base Year– 2020
  • CAGR– 8.2%
  • Largest Market– North America
  • Fastest Growing Market– Europe

Craft Beer Market

  • The report on global  market gives historical, current, and future market sizes (US$ Mn) on the basis of product type, distribution channel, and region.
  • This report studies global market dynamics elaborately to indentify the current trends & drivers, future opportunities and possible challenges to the key stakeholders operating in the market.
  • In addition, global craft beer market report includes regulatory scenario, and competition analysis with vividly illustrated the competition dashboard to assess the market competition.
  • Moreover, PBI analyzed global market to better equip clients with possible investment opportunities across the regions (regional Investment Hot-Spots) and market unmet needs (Product Opportunities).
  • Key stakeholders of the global craft beer market report include suppliers, manufacturers, and marketers engaged in global craft beer products.
Market Key Players
  • Anheuser-Busch Companies LLC
  • New Belgium Brewing Company
  • Bell’s Brewery Inc.
  • The Gambrinus Company
  • Sam Adams
  • Sierra Nevada
  • Stone & Wood Brewing Co.
  • G. Yuengling and Son
  • KBE Drinks
  • British Brewer
  • Heineken UK Limited
  • The Boston Beer Company
Growth

Craft Beer Market

Increase in the health awareness among the population coupled with surge in consumption of low alcohol beverages are propel the market over the forecast years. Moreover, rise in R&D for the development of newer craft beer products by the market players, increase in the number of breweries in developed and developing countries, increase in the production of raw materials such as wheat and barley, and better availability of the products are boost the global craft beer market over the forecast timeframe.


North-America Got Significant Share

Craft Beer Market

Global craft beer market report gives comprehensive outlook on craft beer across the globe with special emphasis on key regions such as North America, Europe, Asia Pacific, Latin America, and Middle East and Africa. North America accounted for larger revenue share in global craft beer market with significant CAGR. Increase in health awareness among the population, increase in the consumption of low alcohol beverages, and rise in disposable income are anticipated to propel the market in North America region. Europe craft beer market projected to grow at significant rate owing to increase in R&D for the development of newer products with wide variety of flavors, change in lifestyle, and better availability of the products are expected to enhance the market

Latin America
Latin-America
North-America
North-America
Europe
Europe
Asia Pacific
Asia-Pacific
Middle East
Middle East

Key

Key Features of the Report

  • The report provides granular level information about the market size, regional market share, historic market (2015 to 2020) and forecast (2021 to 2027)
  • The report covers in-detail insights about the competitor’s overview, company share analysis, key market developments, and their key strategies
  • The report outlines drivers, restraints, unmet needs, and trends that are currently affecting the market
  • The report tracks recent innovations, key developments and startup’s details that are actively working in the market
  • The report provides plethora of information about market entry strategies, regulatory framework and reimbursement scenario
  • The report analyses the impact of socio-political environment through PESTLE Analysis and competition through Porter’s Five Force Analysis in addition to recent technology advancements and innovations in the market

Key

Key Findings of the Report

Craft Beer Market Segmentation


Location

GEOGRAPHY

Frequently Asked Questions

2021 is the base year and 2028 is the forecast year.

The report covers the five regions and 15+ countries market data: North America (United States, Canada), Europe (Germany, France, Italy, Spain, and United Kingdom (UK), Asia Pacific (China, India, Japan, Australia & New Zealand), Latin America (Brazil, Mexico, Argentina) and Middle East and Africa (Saudi Arabia, United Arab Emirates, South Africa).

In our report, we provide 12-15 market players’ information into the report. However, based on the client’s request we will provide additional country and regional market players information as well.


Report

Table Of Content


Report

Company Profile

  • Anheuser-Busch Companies LLC
  • New Belgium Brewing Company
  • Bell’s Brewery Inc.
  • The Gambrinus Company
  • Sam Adams
  • Sierra Nevada
  • Stone & Wood Brewing Co.
  • G. Yuengling and Son
  • KBE Drinks
  • British Brewer
  • Heineken UK Limited
  • The Boston Beer Company

Description

Craft Beer Market was valued at $108,923 million in 2020 and is anticipated to grow at $186,592 million by 2027 recording a CAGR of 8.2% during the forecast period 2021-2027 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 craft beer market is surging owing to frequent product approvals and launchings by the market players. For instance, In June 2018, Kingfisher teamed up with Freedom, one of the UK’s original craft breweries to develop pale ale craft beer for its customers. Moreover, in January 2019, British Brewer launched light craft beer to promote smart drinking. Craft brewing is a broader term describing advancements in the industry that followed the late-twentieth-century microbrewing trend. 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.

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