Craft Beer Market Insights Focusing on Primary Trends Until 2027

This study of the market provides an overview of the existing market trends, drivers, restrictions, and metrics and also offers a viewpoint for important segments. The report also tracks product and services demand growth forecasts for the industry. The report mentions growth parameters in the regional markets along with major players dominating the regional growth.

The report offers detailed profile and data information analysis of the leading companies in the Craft Beer Market:

G. Yuengling and Son Inc
The Boston Beer Company, Inc.
The Gambrinus Company
Chimay Beers and Cheeses
Stone & Wood Brewing Co
Lagunitas Brewing Company
New Belgium Brewing Company
Carlsberg Group
Diageo PLC
Heineken N.V.

The key drivers of the Craft Beer Market are as follows:

The significant factors surging the growth of the global craft beer market include the growing youth population, the increasing number of on-premises distribution channels, rising disposable income, and shifting customer preference. Craft beer adoption acted as a drastic transformation in the beer industry. Additionally, the urban population consists of youth and working individuals who prefer to have high-quality beverages that have better flavors. Due to the rising disposable incomes, customers are willing to pay more instead of compromising for quality. Therefore, increasing disposable income and shifting customer preference are fuelling the growth of the craft beer market globally.

In past years, females were not much adaptive toward beers owing to its taste. Eventually, after the appearance of craft beers, young and trendy females have started adapting beer in their lifestyle owing to enhanced flavors and quality, which created various growth opportunities for the global craft beer market. On the other hand, higher taxation and excise duties on imported and local beers will hamper the growth of the market.

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Based on the region, Asia-Pacific is expected to dominate the market during the forecast period due to the rapid urbanization, the strong demand for beer, and the rising disposable income of the people in the region. Moreover, leading players of the market are expanding their business in the region, which will further bolster the growth of the market.

The study objectives of this report are:

To study and forecast the size of the market.
To analyze the key players, SWOT analysis, value, and market share for the leading players.
To define, describe, and forecast the market by different segments.
To analyze the market potential and advantage, opportunity and challenge, restraints and risks.

Segmentation of the Craft Beer Market:

Breakup by Product:

Ale
Lagers
Others

Breakup by Distribution Channel:

On-trade
Off-trade

Breakup by Age Group:

21–35 Years Old
40–54 Years Old
55 Years and Above

Breakup by Region:

North America

United States of America
Canada

Asia Pacific

China
Japan
India
Rest of APAC

Europe

United Kingdom
Germany
France
Spain
Rest of Europe

Brazil
South Africa
Saudi Arabia
UAE
Rest of the world (remaining countries of the LAMEA region)

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