Global demand for craft beer is expected to reach US$ 87.34 Bn in 2021. The market was valued at US$ 76.3 Bn in 2019, reaching US$ 81.64 Bn in 2020, reflecting a Y-o-Y increase of 6.9%. In the long-run, the Craft Beer Market Value is projected to reach US$ 174.68 Bn by 2031, representing a 2x increase throughout the 2021-2031 assessment period. Based on these patterns of consumption, the Craft Beer market Size is anticipated to surpass a CAGR of 7% across the 2021-2031 forecast period.
The Demand of Craft Beer Market study includes the current market scenario on the global platform and also Sales of Craft Beer Market development during the forecast period.
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Key Segments Covered
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Product
- Brown Ale Craft Beer
- Pale Ale Craft Beer
- Porter Craft Beer
- Stout Craft Beer
- Pale Lager Craft Beer
- Pilsner Craft Beer
- Marzens Craft Beer
- Bocks Craft Beer
- Other Craft Beer Products
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Brewer
- American Sour Craft Beer
- Non-Alcoholic Craft Beer
- Belgian Fruit Lambic Craft Beer
- Flanders Red Ale Craft Beer
- Belgian Gueuze Craft Beer
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Sales Channel
- Craft Beer Sales via Microbreweries
- Craft Beer Sales via Brewpubs
- Craft Beer Sales via Contract Brewing Companies
- Craft Beer Sales via Independent Regional Craft Brewing Companies
SWOT analysis has been performed in the market study to investigate the strengths, weaknesses, opportunities and threats of each player, both at global and regional levels.
The Market insights of Craft Beer will improve the revenue impact of businesses in various industries by:
- Providing a framework tailored toward understanding the attractiveness quotient of various products/solutions/technologies in the Craft Beer Market
- Guiding stakeholders to identify key problem areas pertaining to their consolidation strategies in the global Craft Beer market and offers solutions
- Assessing the impact of changing regulatory dynamics in the regions in which companies are keen on expanding their footprints
- Provides understanding of disruptive technology trends to help businesses make their transitions smoothly
- Helping leading companies make strategy recalibrations ahead of their competitors and peers
- Offers insights into promising synergies for top players aiming to retain their leadership position in the market & supply side analysis of Craft Beer market .
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Category-wise Insights
How are Pale Ales Attracting Consumer Attention?
Amongst all craft beer products, pale ales are one of the most popular choices for consumers, with Indian pale ales (IPA) gaining maximum traction. There is a touch of bitterness in the taste of the Indian pale ales that have become the trademark of this product.
Their unique flavor and taste make them highly sought-after in the market. Even though other products have grown in popularity quite rapidly throughout the years, IPA and Haze IPA will always make the top list of consumer demands. In addition, IPA helps in the establishment of healthy bones and also assists in maintaining good health. A market share of 25% is expected for this segment.
Why do Microbreweries Account for Maximum Craft Beer Sales?
According to Fact.MR, microbreweries market share is expected to grow by a CAGR of 5.2% through 2031, with regard to craft beer sales. Growing demand for small and independent breweries in the market has raised the demand for craft beers in the market.
The largest market share in the competitive craft beer market belongs to microbreweries as they provide consumers with the freedom to choose different flavors and styles according to their preferences. Microbreweries are typically smaller than larger national beer companies. These breweries produce beer in small quantities that are available only in their local markets.
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Key Question answered in the Survey of Craft Beer market Report By Fact.MR
- Craft Beer Company & brand share analysis: Company and brand share analysis on Craft Beer Market reveals how much market share is captured by Tier 1, Tier 2, and Tier 3 players
- Craft Beer Market Historical volume analysis: The industry analysis provides data & insights on historical volume sales of Craft Beer .
- Craft Beer Category & segment level analysis: Fact.MR’s Craft Beer market sales outlook offers category and segment level analysis on lucrative and nascent product types. Market players can use this information to identify sales potential and set sales targets at local, country, and regional level.
- Craft Beer market Consumption by demographics: The market intelligence study provides consumption by demographics analysis so market players can design their product and marketing strategies on the basis of high-value consumers
- Post COVID consumer spending on Craft Beer market: The report includes post COVID consumer spending analysis. This information will help business leads understand the shifts in purchasing power and behavior
- Manufacturing trend analysis: Vital information on how market players are aligning their manufacturing strategies with respect to evolving consumer sentiments
- Craft Beer market Merger and acquisition activity: MR’s analysis also includes merger & acquisition activity analysis. Craft Beer market manufacturers and stakeholders will not only know the recent M&As but also understand its impact on competitive landscape and market share
- Craft Beer Market demand by country: The report forecasts Craft Beer demand by country, giving business leaders the insights to know fast-growing, stable, and mature markets
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Competitive Landscape
Strategic collaborations enable manufacturers to increase production and meet consumer demand, which will increase revenue and market share. The advent of new products and technologies will allow end-users to enjoy products that can be flavored by nature.
- On October 1st, 2020, AB InBev, one of the largest breweries in the world, completed the long-awaited acquisition of the Craft Brew Alliance. Further, AB InBev purchased the remaining 68.8% shares with $220 million gaining full ownership over the firm.
- On August 12, 2021, Coca-Cola FEMSA, the Mexican Bottling company, confirmed its acquisition of the Br
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