Market Research Report
Global Craft Beer Market By Product Type (Lager, Ale, Stout & Porter And Others), By Distribution (On-Trade & Off-Trade), By Region (North America, Europe, Asia Pacific, Middle East & Africa And Latin America); Size And Forecast, 2018-2025
|Published by||Blueweave Consulting & Research Private Limited||Product code||747158|
|Published||Content info||175 Pages
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|Global Craft Beer Market By Product Type (Lager, Ale, Stout & Porter And Others), By Distribution (On-Trade & Off-Trade), By Region (North America, Europe, Asia Pacific, Middle East & Africa And Latin America); Size And Forecast, 2018-2025|
|Published: September 21, 2018||Content info: 175 Pages||
Global Craft Beer Market: Overview
The global craft beer market is estimated to grow at a CAGR of 22.76%, in value terms, during the forecast period 2018-2025. Craft Beers are produced in small breweries, using traditional methods and ingredients inspired by local taste, texture, and flavors. Moreover, it is produced in small quantity. The rising number of microbreweries across the globe produces a small amount of beer but emphasize on the quality, taste and new product innovation according to the changing palate of beer drinkers. Increasing government support for microbreweries via start-up will boost the production of craft beers in the coming years. Shifting consumer's preferences towards a healthy lifestyle has influenced the younger population to adopt healthier beverages with low alcohol content like craft beer.
Lager is projected to be the leading segment of the overall Craft Beer Product Market during the forecast period.
On the basis of product type, the craft beer market has been segmented into Lager, Ale, Stout & Porter and Others. Lager segment dominates the global craft beer with 68.21% market share of the total craft beer market and projected to lead the market over the forecast period 2018-2025. Due to the increase in preference for lower but value based product consumption of alcohol. Moreover, the carbohydrates present in lager are beneficial for health along with other health benefits. Ale is projected to be the fastest growing craft beer market in terms of value with a CAGR over 25% for the forecast period, 2018-2025.
North America accounts for the largest share of the Global Craft Beer Market during the forecast period.
On the basis of region, the craft beer market has been segmental into North America, Europe, Asia Pacific, Middle East & Africa, and Latin America. North America dominates the world craft beer with 36.26% market share of the entire craft beer market and projected to lead the market over the forecast period, 2018-2025. Africa is projected to be the fastest growing market with a CAGR over 28% throughout the forecast period due to the increasing penetration in South Africa. The growing consumer awareness regarding the wide selection of flavors and styles of the product is expected to be a crucial factor for market growth in the country.
Global Craft Beer Market Competitive Landscape
Companies, such as D.G. Yuengling and Son, Gambrinus Company, Heineken N.V, Boston Beer Company, Sierra Nevada Brewing Co., and Belgium Brewing Company are the key players in manufacturing craft beer. In terms of product offerings, Boston Beer Company and D.G. Yuengling and Son are the major players in the market, providing various tastes and flavors of craft beer.
Strategic Outlook for major Industry Player