Craft Beer Market Size, Type Analysis, Application Analysis, End-Use, Industry Analysis, Regional Outlook, Competitive Strategies And Forecasts, 2023-2032
- Report ID: ME_009807
- Format: Electronic (PDF)
- Publish Type: Publish
- Number of Pages: 250
Market Snapshot
Source: Market Expertz
| Study Period | 2019-2032 |
| Base Year | 2023 |
| Forcast Year | 2023-2032 |
| CAGR | 7.74 |
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The Craft Beer Market size is projected to experience a Compound Annual Growth Rate (CAGR) of 6.78% from 2022 to 2032. The market is anticipated to witness a surge in value, expanding by USD 13,754.29 million. This growth trajectory is driven by several factors, including evolving consumer preferences for unique and diverse flavors, the rise of local and independent breweries, and an increasing demand for premium and high-quality alcoholic beverages. Craft beer refers to beer produced by small, independent breweries that prioritize quality, traditional brewing methods, and innovative ingredients to create distinctive and flavorful beverages.
Craft Beer Market Overview:
Drivers:
A significant driving force behind the expansion of the craft beer market is the shifting consumer preference towards novel and diverse flavor experiences. Modern consumers are increasingly seeking unique and distinct taste profiles, which craft breweries are well-equipped to offer. The movement towards supporting local businesses and artisanal products has also propelled the growth of independent breweries that produce craft beer. Furthermore, the rising disposable income and a growing culture of socializing and exploration contribute to the increasing demand for premium craft beer offerings.
Trends:
An influential trend shaping the craft beer market is the innovation in brewing techniques and ingredients. Craft brewers are continually experimenting with various ingredients such as fruits, spices, herbs, and even unconventional items to create innovative and exciting beer styles. Additionally, craft breweries are adopting sustainable and eco-friendly practices to resonate with environmentally conscious consumers. This emphasis on sustainability, combined with unique flavors and brewing methods, sets craft beer apart in the competitive alcoholic beverage market.
Restraints:
One of the challenges faced by the craft beer market is the regulatory complexities and distribution limitations. Craft breweries often operate on a smaller scale and may struggle with navigating varying alcohol regulations and distribution networks. Additionally, maintaining consistent quality and flavor while scaling production can be demanding for smaller breweries. Economic uncertainties and fluctuations in raw material costs also present obstacles for craft beer producers.
Craft Beer Market Segmentation by Flavor:
The fruity and experimental flavor segment is poised to exhibit substantial growth during the forecast period. Craft breweries are capitalizing on the demand for innovative and adventurous taste experiences by infusing their beers with fruits, herbs, spices, and other unconventional ingredients. This approach appeals to a diverse consumer base seeking new and memorable flavor profiles in their beverages. The rise of sour and fruit-forward beers, along with unique combinations, caters to consumers looking beyond traditional beer options.
The craft beer market has also witnessed an upsurge in hop-forward beers, known for their bold and aromatic flavors. This trend is fueled by consumers who enjoy the complexity and bitterness that hops bring to the beer, resulting in a dynamic range of hoppy styles like India Pale Ales (IPAs) and Double IPAs. The incorporation of hop varieties from different regions amplifies the diversity of flavors in craft beer offerings.
Craft Beer Market Segmentation by Type:
The growth of the India Pale Ale (IPA) segment is driving the expansion of the craft beer market. IPAs, known for their hop-forward characteristics, have gained immense popularity among beer enthusiasts seeking a flavorful and aromatic experience. Variations such as New England IPAs, West Coast IPAs, and Session IPAs provide a spectrum of options for consumers with different preferences. The craft beer movement has reinvigorated the IPA category, driving innovation and exploration within the beer industry.
Regional Overview:
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North America is anticipated to contribute significantly to the global craft beer market, holding a substantial market share during the forecast period. The region's vibrant craft beer culture, with a multitude of small and independent breweries, is a driving force behind its dominance. The United States, in particular, boasts a rich landscape of craft breweries spread across various states. The culture of localism and the support for small-scale producers in North America bolster the growth of the craft beer market.
In recent years, Europe has witnessed a resurgence in craft beer culture as well. Countries like the United Kingdom, Germany, and Belgium, with strong brewing traditions, are embracing the craft beer movement. The demand for diverse flavors and unique beer styles has prompted established breweries to experiment and create craft-inspired offerings, contributing to the growth of the craft beer market in the region.
Craft Beer Market Customer Landscape:
The craft beer market report encompasses the consumer adoption lifecycle, from early adopters to late adopters, outlining the penetration rates in different regions. Additionally, the report delves into key purchasing criteria and factors influencing price sensitivity, assisting businesses in shaping their growth strategies.
Major Craft Beer Market Companies:
Companies within the craft beer market are implementing diverse strategies, including collaborations, acquisitions, geographical expansions, and product innovation, to strengthen their market presence.
BrewDog: The company is known for its innovative and bold craft beer offerings, with flagship products like Punk IPA and Dead Pony Pale Ale.
Sierra Nevada Brewing Co.: A pioneer in the craft beer movement, Sierra Nevada is acclaimed for its traditional brewing methods and iconic Pale Ale.
Stone Brewing: Recognized for its adventurous approach to brewing, Stone Brewing produces a range of hop-forward and experimental craft beers.
The craft beer market's competitive landscape comprises a detailed analysis of leading market players, including:
- Anheuser-Busch InBev
- The Boston Beer Company
- Constellation Brands Inc.
- Dogfish Head Craft Brewery (Part of The Boston Beer Company)
- New Belgium Brewing Company (Acquired by Kirin Holdings Company Limited)
- Pilsner Urquell (Part of Asahi Group Holdings Ltd.)
- Sapporo Breweries Limited
- Sierra Nevada Brewing Co.
- Stone Brewing
- The Gambrinus Company
- Victory Brewing Company (Part of Artisanal Brewing Ventures)
Segment Overview:
The craft beer market report provides revenue forecasts on a global, regional, and country level, accompanied by an analysis of emerging trends and growth opportunities spanning from 2019 to 2032.
- Flavor Outlook (USD Million, 2019 - 2032)
o Fruity and Experimental Flavors
o Hop-Forward Flavors
- Type Outlook (USD Million, 2019 - 2032)
o India Pale Ale (IPA)
o Stout
o Pale Ale
o Porter
o Others
- Geography Outlook (USD Million, 2019 - 2032)
o North America
The United States
Canada
o Europe
United Kingdom
Germany
Rest of Europe
o Asia Pacific
China
Japan
o Latin America
Brazil
Mexico
o Middle East & Africa
South Africa
Rest of the Middle East & Africa
Table of Contents
Section 1 Craft beer Product Definition
Section 2 Global Craft beer Market Manufacturer Share and Market Overview
2.1 Global Manufacturer Craft beer Shipments
2.2 Global Manufacturer Craft beer Business Revenue
2.3 Global Craft beer Market Overview
Section 3 Manufacturer Craft beer Business Introduction
3.1 Budweiser Craft beer Business Introduction
3.1.1 Budweiser Craft beer Shipments, Price, Revenue and Gross profit 2014-2017
3.1.2 Budweiser Craft beer Business Distribution by Region
3.1.3 Budweiser Interview Record
3.1.4 Budweiser Craft beer Business Profile
3.1.5 Budweiser Craft beer Product Specification
3.2 Yuengling Craft beer Business Introduction
3.2.1 Yuengling Craft beer Shipments, Price, Revenue and Gross profit 2014-2017
3.2.2 Yuengling Craft beer Business Distribution by Region
3.2.3 Interview Record
3.2.4 Yuengling Craft beer Business Overview
3.2.5 Yuengling Craft beer Product Specification
3.3 Boston Beer Company Craft beer Business Introduction
3.3.1 Boston Beer Company Craft beer Shipments, Price, Revenue and Gross profit 2014-2017
3.3.2 Boston Beer Company Craft beer Business Distribution by Region
3.3.3 Interview Record
3.3.4 Boston Beer Company Craft beer Business Overview
3.3.5 Boston Beer Company Craft beer Product Specification
3.4 Sierra Nevada Craft beer Business Introduction
3.5 New Belgium Brewing Craft beer Business Introduction
3.6 Gambrinus Craft beer Business Introduction
Section 4 Global Craft beer Market Segmentation (Region Level)
4.1 North America Country
4.1.1 United States Craft beer Market Size and Price Analysis 2014-2017
4.1.2 Canada Craft beer Market Size and Price Analysis 2014-2017
4.2 South America Country
4.2.1 South America Craft beer Market Size and Price Analysis 2014-2017
4.3 Asia Country
4.3.1 China Craft beer Market Size and Price Analysis 2014-2017
4.3.2 Japan Craft beer Market Size and Price Analysis 2014-2017
4.3.3 India Craft beer Market Size and Price Analysis 2014-2017
4.3.4 Korea Craft beer Market Size and Price Analysis 2014-2017
4.4 Europe Country
4.4.1 Germany Craft beer Market Size and Price Analysis 2014-2017
4.4.2 UK Craft beer Market Size and Price Analysis 2014-2017
4.4.3 France Craft beer Market Size and Price Analysis 2014-2017
4.4.4 Italy Craft beer Market Size and Price Analysis 2014-2017
4.4.5 Europe Craft beer Market Size and Price Analysis 2014-2017
4.5 Other Country and Region
4.5.1 Middle East Craft beer Market Size and Price Analysis 2014-2017
4.5.2 Africa Craft beer Market Size and Price Analysis 2014-2017
4.5.3 GCC Craft beer Market Size and Price Analysis 2014-2017
4.6 Global Craft beer Market Segmentation (Region Level) Analysis 2014-2017
4.7 Global Craft beer Market Segmentation (Region Level) Analysis
Section 5 Global Craft beer Market Segmentation (Product Type Level)
5.1 Global Craft beer Market Segmentation (Product Type Level) Market Size 2014-2017
5.2 Different Craft beer Product Type Price 2014-2017
5.3 Global Craft beer Market Segmentation (Product Type Level) Analysis
Section 6 Global Craft beer Market Segmentation (Industry Level)
6.1 Global Craft beer Market Segmentation (Industry Level) Market Size 2014-2017
6.2 Different Industry Price 2014-2017
6.3 Global Craft beer Market Segmentation (Industry Level) Analysis
Section 7 Global Craft beer Market Segmentation (Channel Level)
7.1 Global Craft beer Market Segmentation (Channel Level) Sales Volume and Share 2014-2017
7.2 Global Craft beer Market Segmentation (Channel Level) Analysis
Section 8 Craft beer Market Forecast 2018-2022
8.1 Craft beer Segmentation Market Forecast (Region Level)
8.2 Craft beer Segmentation Market Forecast (Product Type Level)
8.3 Craft beer Segmentation Market Forecast (Industry Level)
8.4 Craft beer Segmentation Market Forecast (Channel Level)
Section 9 Craft beer Segmentation Product Type
9.1 Malt beer Product Introduction
9.2 Cellar beer Product Introduction
Section 10 Craft beer Segmentation Industry
10.1 Bar Clients
10.2 Restaurant Clients
Section 11 Craft beer Cost of Production Analysis
11.1 Raw Material Cost Analysis
11.2 Technology Cost Analysis
11.3 Labor Cost Analysis
11.4 Cost Overview
Section 12 Conclusion
Chart and Figure
Figure Craft beer Product Picture from Budweiser
Chart 2014-2017 Global Manufacturer Craft beer Shipments (Units)
Chart 2014-2017 Global Manufacturer Craft beer Shipments Share
Chart 2014-2017 Global Manufacturer Craft beer Business Revenue (Million USD)
Chart 2014-2017 Global Manufacturer Craft beer Business Revenue Share
Chart Budweiser Craft beer Shipments, Price, Revenue and Gross profit 2014-2017
Chart Budweiser Craft beer Business Distribution
Chart Budweiser Interview Record (Partly)
Figure Budweiser Craft beer Product Picture
Chart Budweiser Craft beer Business Profile
Table Budweiser Craft beer Product Specification
Chart Yuengling Craft beer Shipments, Price, Revenue and Gross profit 2014-2017
Chart Yuengling Craft beer Business Distribution
Chart Yuengling Interview Record (Partly)
Figure Yuengling Craft beer Product Picture
Chart Yuengling Craft beer Business Overview
Table Yuengling Craft beer Product Specification
Chart Boston Beer Company Craft beer Shipments, Price, Revenue and Gross profit 2014-2017
Chart Boston Beer Company Craft beer Business Distribution
Chart Boston Beer Company Interview Record (Partly)
Figure Boston Beer Company Craft beer Product Picture
Chart Boston Beer Company Craft beer Business Overview
Table Boston Beer Company Craft beer Product Specification
Chart United States Craft beer Sales Volume (Units) and Market Size (Million $) 2014-2017
Chart United States Craft beer Sales Price ($/Unit) 2014-2017
Chart Canada Craft beer Sales Volume (Units) and Market Size (Million $) 2014-2017
Chart Canada Craft beer Sales Price ($/Unit) 2014-2017
Chart South America Craft beer Sales Volume (Units) and Market Size (Million $) 2014-2017
Chart South America Craft beer Sales Price ($/Unit) 2014-2017
Chart China Craft beer Sales Volume (Units) and Market Size (Million $) 2014-2017
Chart China Craft beer Sales Price ($/Unit) 2014-2017
Chart Japan Craft beer Sales Volume (Units) and Market Size (Million $) 2014-2017
Chart Japan Craft beer Sales Price ($/Unit) 2014-2017
Chart India Craft beer Sales Volume (Units) and Market Size (Million $) 2014-2017
Chart India Craft beer Sales Price ($/Unit) 2014-2017
Chart Korea Craft beer Sales Volume (Units) and Market Size (Million $) 2014-2017
Chart Korea Craft beer Sales Price ($/Unit) 2014-2017
Chart Germany Craft beer Sales Volume (Units) and Market Size (Million $) 2014-2017
Chart Germany Craft beer Sales Price ($/Unit) 2014-2017
Chart UK Craft beer Sales Volume (Units) and Market Size (Million $) 2014-2017
Chart UK Craft beer Sales Price ($/Unit) 2014-2017
Chart France Craft beer Sales Volume (Units) and Market Size (Million $) 2014-2017
Chart France Craft beer Sales Price ($/Unit) 2014-2017
Chart Italy Craft beer Sales Volume (Units) and Market Size (Million $) 2014-2017
Chart Italy Craft beer Sales Price ($/Unit) 2014-2017
Chart Europe Craft beer Sales Volume (Units) and Market Size (Million $) 2014-2017
Chart Europe Craft beer Sales Price ($/Unit) 2014-2017
Chart Middle East Craft beer Sales Volume (Units) and Market Size (Million $) 2014-2017
Chart Middle East Craft beer Sales Price ($/Unit) 2014-2017
Chart Africa Craft beer Sales Volume (Units) and Market Size (Million $) 2014-2017
Chart Africa Craft beer Sales Price ($/Unit) 2014-2017
Chart GCC Craft beer Sales Volume (Units) and Market Size (Million $) 2014-2017
Chart GCC Craft beer Sales Price ($/Unit) 2014-2017
Chart Global Craft beer Market Segmentation (Region Level) Sales Volume 2014-2017
Chart Global Craft beer Market Segmentation (Region Level) Market size 2014-2017
Chart Craft beer Market Segmentation (Product Type Level) Volume (Units) 2014-2017
Chart Craft beer Market Segmentation (Product Type Level) Market Size (Million $) 2014-2017
Chart Different Craft beer Product Type Price ($/Unit) 2014-2017
Chart Craft beer Market Segmentation (Industry Level) Market Size (Volume) 2014-2017
Chart Craft beer Market Segmentation (Industry Level) Market Size (Share) 2014-2017
Chart Craft beer Market Segmentation (Industry Level) Market Size (Value) 2014-2017
Chart Global Craft beer Market Segmentation (Channel Level) Sales Volume (Units) 2014-2017
Chart Global Craft beer Market Segmentation (Channel Level) Share 2014-2017
Chart Craft beer Segmentation Market Forecast (Region Level) 2018-2022
Chart Craft beer Segmentation Market Forecast (Product Type Level) 2018-2022
Chart Craft beer Segmentation Market Forecast (Industry Level) 2018-2022
Chart Craft beer Segmentation Market Forecast (Channel Level) 2018-2022
Chart Malt beer Product Figure
Chart Malt beer Product Advantage and Disadvantage Comparison
Chart Cellar beer Product Figure
Chart Cellar beer Product Advantage and Disadvantage Comparison
Chart Bar Clients
Chart Restaurant Clients
RESEARCH METHODOLOGY
A research methodology is a systematic approach for assessing or conducting a market study. Researchers tend to draw on a variety of both qualitative and quantitative study methods, inclusive of investigations, survey, secondary data and market observation.
Such plans can focus on classifying the products offered by leading market players or simply use statistical models to interpret observations or test hypotheses. While some methods aim for a detailed description of the factors behind an observation, others present the context of the current market scenario.
Now let’s take a closer look at the research methods here.
Secondary Research Model
Extensive data is obtained and cumulated on a substantial basis during the inception phase of the research process. The data accumulated is consistently filtered through validation from the in-house database, paid sources as well reputable industry magazines. A robust research study requires an understanding of the overall value chain. Annual reports and financials of industry players are studied thoroughly to have a comprehensive idea of the market taxonomy.
Primary Insights
Post conglomeration of the data obtained through secondary research; a validation process is initiated to verify the numbers or figures. This process is usually performed by having a detailed discussion with the industry experts.
However, we do not restrict our primary interviews only to the industry leaders. Our team covers the entire value chain while verifying the data. A significant number of raw material suppliers, local manufacturers, distributors, and stakeholders are interviewed to make our findings authentic. The current trends which include the drivers, restraints, and opportunities are also derived through the primary research process.
Market Estimation
The market estimation is conducted by analyzing the data collected through both secondary and primary research. This process involves market breakdown, bottom-up and top- down approach.
Moreover, while forecasting the market a comprehensive statistical time series model is designed for each market. Macroeconomic indicators are considered to understand the current trends of the market. Each data point is verified by the process of data triangulation method to arrive at the final market estimates.
Final Presentation
The penultimate process results in a holistic research report. The study equips key industry players to undertake significant strategic decisions through the findings. The report encompasses detailed market information. Graphical representations of the current market trends are also made available in order to make the study highly comprehensible for the reader.
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