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Craft Beer Market Growth, Analysis, Size, Trends, Demands,

Jeremy Vedder by Jeremy Vedder
November 12, 2021
in Cannabis Stock Quotes & News
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Pune, India, Nov. 12, 2021 (GLOBE NEWSWIRE) — The global craft beer market size is expected to reach USD 190.66 billion by 2027, exhibiting a CAGR of 10.4% during the forecast period. The modification and improvement in the taste of craft beer will foster healthy growth of the market, states Fortune Business Insights, in a report, titled “Craft Beer Market Size, Share & COVID-19 Impact Analysis, By Type (Ale, Lager, Pilsner, and Others), Distribution Channel (On-Trade and Off-Trade), and Regional Forecast, 2020 – 2027.” The market size stood at USD 89.25 billion in 2019.

The Report Lists the key Companies in the Craft Beer Market:

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  • D.G. Yuengling & Son, Inc. (Pennsylvania, U.S.)
  • Heineken NV (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.)

Get a Sample PDF Brochure:

https://www.fortunebusinessinsights.com/enquiry/request-sample-pdf/craft-beer-market-100736

Key Market Driver:

Increasing Number of Microbreweries to Incite Development

The growing popularity of taprooms and brewpubs among millennials owing to the socializing trends will enable speedy expansion of the market. The emerging small and independent breweries to enhance beer production to serve the ever-rising demand of consumers will further propel healthy growth for the market. According to Brewers Association, small and independent brewers in the U.S. produced 26.3 million barrels in 2019, with volume growth of 4% than the prior year. However, the demand for other alcoholic craft beverages that have to go through vital distillation techniques to obtain high-quality liquor will subsequently impede the expansion of the market. Moreover, the availability of numerous flavors in alcoholic craft beverages such as grapefruit, plum, raspberry, lemon, and others can limit the adoption of craft beers in the near future.

Closed Bars and Breweries to Dwindle Market During Coronavirus

The lockdown in several countries has massively affected the hospitality industry. Hence, the closure of various pubs, restaurants, taprooms, and bars to maintain social distancing norms. According to a study by the Brewers Association, the total brewery sales in the U.S. went down by 30.5% in May compared to the prior year. The colossal drop in beer production and sales has negatively impacted the global market. Nearly, 89% of the brewing companies, either had stopped or slowed down their production, as their year-on-year (YoY) sales have declined in April. Nevertheless, the reopening of bars and pubs in the forthcoming months will help revive the sales and stabilize the market.

Regional Analysis:

Rapid Urbanization to Favor Growth in Asia Pacific

The market in Asia Pacific is expected to experience rapid growth during the forecast period. The growth in the region is attributed to rapid urbanization and increasing disposable incomes of consumers. The growing demand for unique tastes will aid the expansion of the market in the region. North America is expected to hold a significant share during the forecast period owing to the expansion of craft breweries in the U.S.  The surging popularity of new flavors will aid growth in the region. In addition, the increasing number of microbreweries with large volumetric production can have a tremendous impact on the market in North America

Browse Detailed Summary of Research Report with TOC:

https://www.fortunebusinessinsights.com/industry-reports/craft-beer-market-100736

Key Development:

September 2020: Introduction of Fungtn, a low ABV medicinal mushroom craft beer, including IPA brewed with Lion’s Mane mushrooms for functional benefits

Detailed Table of Content:

  • Introduction
    • Research Scope
    • Market Segmentation
    • Research Methodology
    • Definitions and Assumptions
  • Executive Summary
  • Market Dynamics
    • Market Drivers
    • Market Restraints
    • Market Opportunities
    • Emerging Trends
  • Key Insights
    • Overview on the Global Alcoholic Beverages Market
    • Market Dynamics of the Global Beer Market
    • Overview on Emergence of Small Breweries and its Impact on the Market
    • Supply Chain & Regulatory Analysis
    • Recent Industry Developments – Policies, Mergers & Acquisitions, and
    • New Product Launches
    • Market Analysis and Insights (in Relation with COVID-19)
      • Impact of COVID-19 on the Market
      • Supply Chain Challenges due to the Pandemic
      • Potential Opportunities to Support the Sales during the Calamity
  • Global Craft Beer Market Analysis, Insights and Forecast, 2016-2027
    • Key Findings / Summary
    • Market Size Estimates and Forecast
      • By Type (Value)
        • But
        • Storage
        • Pilsner
        • Others ( Wheat Beer, Specialty Beer)
      • By Distribution Channel (Value)
      • By Region (Value)
        • North America
        • Europe
        • Asia Pacific
        • South America
        • Middle East & Africa

TOC Continued…!

Get Discount on Craft Beer Market Report:

https://www.fortunebusinessinsights.com/enquiry/check-discount/craft-beer-market-100736

Have a Look at Related Research Insights:

Beer Market Size, Share & Industry Analysis, By Type (Lager, Ale, Stouts, and Others), Packaging (Glass Bottle and Metal Can), and Distribution Channel (On-trade and Off-trade), and Regional Forecast, 2019 – 2026

Wine Market Size, Share & Industry Analysis, By Type (Sparkling Wine, Still Wine, and Others), Flavour (Red Wine, White Wine, and Rose Wine), Distribution Channel (On-trade and Off-trade), and Regional Forecast, 2020 – 2027

Non-alcoholic Beverages Market Size, Share & COVID-19 Impact Analysis, By Type (Carbonated Soft Drinks, RTD Coffee & Tea, Bottled Water, and Fruit Beverages), Distribution Channel (Supermarket/ Hypermarket, Food Services Sector, Convenience Stores, Specialty Stores, and Online Retails), and Regional Forecast, 2020-2027

Cannabis-based Alcoholic Beverages Market Size, Share & Industry Analysis, By Type (Cannabis-based Wine, Cannabis-based Beer, Cannabis-based Spirits), By Distribution Channel (On Trade, Off Trade) and Regional Forecast, 2020-2027

About Us:

Fortune Business Insights™ offers expert corporate analysis and accurate data, helping organizations of all sizes make timely decisions. We tailor innovative solutions for our clients, assisting them to address challenges distinct to their businesses. Our goal is to empower our clients with holistic market intelligence, giving a granular overview of the market they are operating in.

Our reports contain a unique mix of tangible insights and qualitative analysis to help companies achieve sustainable growth. Our team of experienced analysts and consultants use industry-leading research tools and techniques to compile comprehensive market studies, interspersed with relevant data.

At Fortune Business Insights™, we aim at highlighting the most lucrative growth opportunities for our clients. We, therefore, offer recommendations, making it easier for them to navigate through technological and market-related changes. Our consulting services are designed to help organizations identify hidden opportunities and understand prevailing competitive challenges.

Contact Us:

Fortune Business Insights™ Pvt. Ltd.

308, Supreme Headquarters,

Survey No. 36, Baner,

Pune-Bangalore Highway,

Pune – 411045, Maharashtra, India.

Phone:

US: +1 424 253 0390

UK: +44 2071 939123

APAC: +91 744 740 1245

Email: sales@fortunebusinessinsights.com

Fortune Business Insights™

LinkedIn | Twitter | Blogs

Read Press Release:

https://www.fortunebusinessinsights.com/press-release/global-craft-beer-market-10252

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