Stellar Market Research, a Food and Beverages business research firm has published a report on the “Craft Beer Market”. The total market opportunity for Craft Beer was USD 110 billion in 2023 and is expected to grow at 10.62% CAGR through the forecast period by reaching nearly USD 223 billion.
Segment Covered: By Product Type, Ingredient, Distribution Channel, and Region.
Report Coverage: Market Share, Size and Forecast by Revenue 2023-2030, Market Dynamics, Growth Drivers, Restraints, Investment Opportunities, Key Trends, Competitive Landscape, Competitive Analysis, MMR Competition Matrix, Key Players Benchmarking, Competitive Leadership Mapping, Global Key Players Market Ranking Analysis.
Craft Beer Market Overview:
The craft beer market is evolving with consumer trends favoring low-alcohol, non-alcoholic, and gluten-free options, leading to innovation and a broader segment. Advances in brewing technology enhance product quality and variety, while unique customer experiences like brewery tours boost brand loyalty. However, the market faces regulatory challenges, including complex labeling rules and taxation issues, impacting costs and market entry. North America remains a stronghold due to its diverse and innovative market, while the Asia-Pacific region is set for rapid growth.
Craft Beer Market Dynamics:
The craft beer market is evolving with a rising demand for health-conscious options like low-alcohol, non-alcoholic, and gluten-free beers. This shift reflects broader wellness trends, prompting breweries to invest in R&D to produce high-quality, flavorful alternatives. Innovations in brewing, such as advanced fermentation techniques and novel ingredients, drive consumer interest. Unique brewery experiences, like tours and tasting events, enhance customer loyalty. However, navigating complex regulatory and tax environments poses challenges, with varying rules and taxes impacting profitability across regions.
Craft Beer Market Segment Analysis:
By Product Type:
- Ales
- Lagers
- Others
By Distribution Channel:
- On-Trade
- Off-Trade
By Ingredients:
- Malt
- Yeast
- Enzymes
- Hops
Key Players in the Craft Beer Market:
- D.G. Yuengling& Son, Inc. (Pennsylvania, U.S.)
- Heineken N.V.(Amsterdam, Netherlands)
- The Boston Beer Company, Inc. (Massachusetts, U.S.)
- Constellation Brands, Inc. (New York, U.S.)
- Anheuser-Busch InBev (Leuven, Belgium)
- New Belgium Brewing Co. (Colorado, U.S.)
- Sierra Nevada Brewing Co. (California, U.S.)
- Duvel Moortgat NV (Puurs, Belgium)
- Bell’s Brewery, Inc. (Michigan, U.S.)
- Dogfish Head Craft Brewery Inc. (Delaware, U.S.)
Key questions answered in the Craft Beer Market report are:
- What are the driving factors and opportunities in the market?
- What are the major trends that would shape the future Global Craft Beer Market?
- What is the Expected growth of the Global Craft Beer Market size from 2023 to 2030?
- What is the growth rate of the Global Craft Beer Market during the forecast period?
- What are the leading market players in the Global Craft Beer Market?
To access more details regarding this research, visit the following webpage: https://www.stellarmr.com/report/craft-beer-market/2409
SOURCE: OpenPR / Stellar Market Research (Press Release)
PHOTO CREDIT: Stellar Market Research