Market Research Report
Craft Beer Market in Europe 2018-2022
|Published by||TechNavio (Infiniti Research Ltd.)||Product code||507531|
|Published||Content info||162 Pages
Delivery time: 1-2 business days
|Craft Beer Market in Europe 2018-2022|
|Published: December 19, 2018||Content info: 162 Pages||
Labeling and packaging innovations gaining consumer's interest to trend in the market. With the rising number of microbreweries and other distribution channels exponentially in Europe, it becomes imperative for vendors to differentiate their products from those of competitors. The important parameters of product differentiation are the application of innovative packaging techniques and attractive labeling. Technavio' s analysts have predicted that the craft beer market in Europe will register a CAGR of almost 13% by 2022.
Europe has witnessed a significant growth in the number of microbreweries and craft breweries operating in the region in the last five years. The number of microbreweries and craft breweries has nearly doubled in the last five years.
There has been a growing pressure on manufacturers regarding prices and margins from the product, as retail stores operate at a lower profit margin.
For the detailed list of factors that will drive and challenge the growth of the craft beer market in Europe during the 2018-2022, view our report.
The market appears to be fragmented and with the presence of several companies including Asahi Group Holdings and Bieres de Chimay the competitive environment is quite intense. Factors such as the rising number of microbreweries and craft breweries in Europe and the labeling and packaging innovations gaining consumer's interest, will provide considerable growth opportunities to craft beer manufactures. Asahi Group Holdings, Bieres de Chimay, BrewDog, Duvel Moortgat, and Boston Beer are some of the major companies covered in this report.