What is the projected growth rate (CAGR) of the Global Craft Beer market from 2024 to 2031, and what is the market value expected to change by 2031?
The Global Craft Beer Market is expected to grow at a CAGR of 10% during the forecast period 2024-2031
Craft beer refers to beer produced by small, independent breweries that emphasize quality, flavor, and traditional brewing methods. Unlike mass-produced beers, craft beers are typically made in smaller batches with a focus on distinctive, innovative flavors and ingredients. Craft breweries often experiment with unique brewing techniques and offer a wide range of styles, such as pale ales, stouts, IPAs, and lagers, appealing to a diverse consumer base interested in artisanal, high-quality beverages.
Key Developments:
❁ In May 2019, The Boston Beer Company and Dogfish Head Brewery entered into a definitive merger agreement, aiming to enhance their future growth and innovation prospects. In December 2019, White Owl Brewery introduced Spike, a bold craft beer crafted in the style of a German Weizenbock, with distinctive banana and clove flavors. In January 2019, Genius Brewing Ltd. launched a 3% ABV craft lager in the U.K., promoting ‘smart drinking’ with only 79 calories per can.
List of the Key Players in the Craft Beer Market:
AB In Bev, Heineken NV, Constellation Brands, The Boston Beer Company, and the Sierra Nevada
Research Process:
Both primary and secondary data sources have been used in the global Craft Beer Market research report. During the research process, a wide range of industry-affecting factors are examined, including governmental regulations, market conditions, competitive levels, historical data, market situation, technological advancements, upcoming developments, in related businesses, as well as market volatility, prospects, potential barriers, and challenges.
Segment Covered in the Craft Beer Market:
By Type: Ale, Lager, Pilsner, Others
By Distribution Channel: On-Trade, Off-Trade
Regional Breakout:
The global Craft Beer Market report focuses on six major regions: North America, Latin America, Europe, Asia Pacific, the Middle East, and Africa.
✫ North America (U.S., Canada, Mexico)
✫ Europe (U.K., Italy, Germany, Russia, France, Spain, The Netherlands and Rest of Europe)
✫ Asia-Pacific (India, Japan, China, South Korea, Australia, Indonesia Rest of Asia Pacific)
✫ South America (Colombia, Brazil, Argentina, Rest of South America)
✫ Middle East & Africa (Saudi Arabia, U.A.E., South Africa, Rest of Middle East & Africa)
This Report Unveils:
Go to Market Strategy- A roadmap to successfully product launch or service in the target market.
Gain a clear picture of the market’s health and growth trajectory through neutral analysis.
Deep Market Insights delve into development trends, competitor landscape, supply and demand dynamics, brand share & pricing analysis year-over-year growth patterns, and key players’ performance.
Upon request, we can provide customized reports focusing on specific regions or countries, offering a granular view of their markets.
Identify high-potential niche segments and regions poised for significant expansion.
Analysis of Market Size (historical and forecast) Total Addressable Market (TAM), Serviceable Available Market (SAM), and Serviceable Obtainable Market (SOM) to understand the market’s overall size and your achievable market share.
Gain a comprehensive understanding of the competitive landscape, including market share distribution, key players (innovators, startups, laggards, and pioneers), and their respective strengths and weaknesses.
**The full version of the report includes an in-depth analysis of emerging players and startups, which will provide valuable insights into the evolving market landscape and key strategies being adopted**
Chapter Outline:
Chapter 1: Introduces the report scope of the report, executive summary of different market segments (by region, product type, application, etc), including the market size of each market segment, future development potential, and so on. It offers a high-level view of the current state of the market and its likely evolution in the short to mid-term, and long term.
Chapter 2: key insights, key emerging trends, etc.
Chapter 3: Manufacturers competitive analysis, detailed analysis of Craft Beer manufacturers competitive landscape, revenue market share, latest development plan, merger, and acquisition information, etc.
Chapter 4: Provides profiles of key players, introducing the basic situation of the main companies in the market in detail, including product revenue, gross margin, product introduction, recent development, etc.
Chapter 5 & 6: Revenue of Craft Beer in regional level and country level. It provides a quantitative analysis of the market size and development potential of each region and its main countries and introduces the market development, future development prospects, market space, and market size of each country in the world.
Chapter 7: Provides the analysis of various market segments by Type, covering the market size and development potential of each market segment, to help readers find the Craft Beer market in different market segments.
Chapter 8: Provides the analysis of various market segments by Application, covering the market size and development potential of each market segment, to help readers find the Craft Beer market in different downstream markets.
Chapter 9: Analysis of industrial chain, including the upstream and downstream of the industry.
Chapter 10: The main points and conclusions of the report.
The Craft Beer Market study by DataM Intelligence offers an in-depth analysis of the market, presenting insightful observations, statistics, historical data, and industry-validated market insights. The report delves into the competitive positioning of key companies, examining factors such as product offerings, pricing strategies, financial health, product portfolios, growth initiatives, and geographical reach.
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SOURCE: Open PR / DataM Intelligence (Press Release)
PHOTO CREDIT: DataM Intelligence