Craft Beer Market Size, Share, Growth & Trends | Forecast 2031
Craft Beer Market Size, Share, Growth & Trends | Forecast 2031
Segments - Global Craft Beer Market by Types (Lager, Ale, Pilsner, and Others), Age Groups (21 to 35 Years Old, 40 to 54 Years Old, and 55 Years and Above), Distribution Channels (Off-trade and On-trade), and Regions (Asia Pacific, North America, Europe, Latin America, and Middle East & Africa) Forecasts, 2023 - 2031
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| Report ID :FB-2828
| 4.3 Rating
| 62 Reviews
| 198 Pages
| Format :
Report Description
Craft Beer Market outlook 2031:
The global craft beer market size was valued at USD 117.10 Billion in 2022 and is projected to reach USD 294.72 Billion by 2031, expanding at a CAGR of 10.8% during the forecast period 2023 - 2031. Craft beer is usually made by small and traditional brewer. According to Colorado's Brewer's Association, craft beer is made by a brewer who is independent, small, and traditional. Craft breweries are firmly connected with the local communities.
Craft Beer Market Trends, Drivers, Restraints, and Opportunities:
- Increasing number of restaurants, pubs, and bars in the cities is estimated to fuel the craft beer growth of the market.
- Wider choice of the new product range offered by key players with improved taste and low alcoholic content in beer with 2.8% ABV or less is driving the market growth.
- The inclusion of new flavors and ingredients have increasingly appealed to the consumers worldwide, which is estimated to fuel the craft beer growth of the market.
- Growing adoption of several distillation techniques to obtain high-quality liquor is anticipated to foster the market growth.
- The availability of numerous other alcoholic craft beverages such as gin, rum, wine, and whiskey can hamper the craft beer growth of the market.
- A proliferating number of social trends among millennials has increased the demand for craft breweries across the globe.
Scope of Craft Beer Market Report
The report on craft beer market includes an assessment of the market, size, share, trends, segments, and regional markets. Overview and dynamics have been included in the report.
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Attributes |
Details |
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Report Title |
Global Craft Beer Market - Industry Analysis, Size, Share, Growth, Trends And Forecast |
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Base Year |
2022 |
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Historic Data |
2016 & 2021 |
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Forecast Period |
2023 – 2031 |
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Segmentation |
Types (Lager, Ale, Pilsner, and Others), Age Groups (21 to 35 Years Old, 40 to 54 Years Old, and 55 Years and Above), Distribution Channels (Off-trade and On-trade) |
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Regional Scope |
Asia Pacific, North America, Europe, Latin America, and Middle East & Africa |
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Report Coverage |
Market scope, analysis, share, competitive analysis, growth facts, restraints, opportunities, and revenue forecast |
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Key Players Covered in the Report |
AB In Bev, Heineken NV, Constellation Brands, The Boston Beer Company, and Sieera Nevada |
Craft Beer Market Segment Insights
Lager segment is projected to hold a significant market share
In the terms of types, the craft beer market share can be divided into lager, ale, pilsner, and others.
The lager segment is projected to hold a significant market share in the coming years. Beer reduces the risk of developing heart disease. Recently, several customers have developed a particular preference for conventional beers. This has encouraged some of the key players in the market to reinstate different types of traditional beers into the marketplace.
21 to 35 year old segment is anticipated to account for a substantial share
Based on age groups, the craft beer market 21 to 35 year old, 40 to 54 year old, and 55 years and above.
The 21 to 35-years-old segment is estimated to account for a major market share in the coming years. The people in the age group 21 to 35-year-old are often referred to as millennials have surged preference for various product offerings and services. This age group has been a prime customer in the international marketplace.
The craft beer brewers have been continuously implementing new strategies in terms of their product offerings to meet the changing preference among the millennial segment. Thus, upsurge in a number of millennials is anticipated to provide lucrative opportunities for the market during the forecast period.
On-trade segment held a large share in the market
On the basis of distribution channels, the craft beer market share can be bifurcated into off-trade and on-trade.
The on-trade segment is expected to account for a major market share during the forecast period. This distribution segment comprises bars, restaurants, coffee-shops, clubs, and hotels. Consumers are looking for more stylish and comfortable experience, which resulted in increase in the number of tasting rooms and brew pubs, stimulating the segment growth.
The market in Asia Pacific is expected to grow at a rapid rate
In terms of regions, the craft beer market is classified as Asia Pacific, North America, Europe, Latin America, and Middle East & Africa.
The market in Asia Pacific is expected to grow at a rapid rate during the forecast period due to increasing demand for beer, rising disposable income, growing urbanized population, and expansion of key companies in many countries and increasing craft breweries across the region.
In China, a series of studies have been conducted to assess and enhance the efficacy, effectiveness, and feasibility of the enzymes used in brewing which results in developed and formulated products, thus boosting the craft beer market in the region.
Segments
By Types
- Lager
- Ale
- Pilsner
- Others
By Age Groups
- 21 to 35 Year Old
- 40 to 54 Year Old
- 55 Years and Above
By Distribution Channels
- Off-trade
- On-trade
By Regions
- Asia Pacific
- North America
- Latin America
- Europe
- Middle East & Africa
By Key Players
- Heineken NV
- AB In Bev
- Constellation Brands
- The Boston Beer Company
- Sieera Nevada
Competitive Landscape
Key players in the Craft Beer Market are AB In Bev, Heineken NV, Constellation Brands, The Boston Beer Company, and Sieera Nevada. These players engage in mergers & acquisitions, collaborations, agreements, and partnerships to strengthen their geographical presence.
These players engage in mergers & acquisitions, collaborations, agreements, and partnerships to strengthen their geographical presence.
Table Of Content
1. Executive Summary2. Assumptions and Acronyms Used
3. Research Methodology
4. Craft Beer Market Overview
4.1. Introduction
4.1.1. Market Taxonomy
4.1.2. Market Definition
4.2. Macro-Economic Factors
4.2.1. Industry Outlook
4.3. Craft Beer Market Dynamics
4.3.1. Market Drivers
4.3.2. Market Restraints
4.3.3. Opportunity
4.3.4. Market Trends
4.4. Craft Beer Market - Supply Chain
4.5. Global Craft Beer Market Forecast
4.5.1. Craft Beer Market Size (US$ Mn) and Y-o-Y Growth
4.5.2. Craft Beer Market Size (000’ Units) and Y-o-Y Growth
4.5.3. Craft Beer Market Absolute $ Opportunity
5. Global Craft Beer Market Analysis and Forecast by Types
5.1. Market Trends
5.2. Introduction
5.2.1. Basis Point Share (BPS) Analysis by Types
5.2.2. Y-o-Y Growth Projections by Types
5.3. Craft Beer Market Size and Volume Forecast by Types
5.3.1. Lager
5.3.2. Ale
5.3.3. Pilsner
5.3.4. Others
5.4. Absolute $ Opportunity Assessment by Types
5.5. Market Attractiveness/Growth Potential Analysis by Types
6. Global Craft Beer Market Analysis and Forecast by Region
6.1. Market Trends
6.2. Introduction
6.2.1. Basis Point Share (BPS) Analysis by Region
6.2.2. Y-o-Y Growth Projections by Region
6.3. Craft Beer Market Size and Volume Forecast by Region
6.3.1. North America
6.3.2. Latin America
6.3.3. Europe
6.3.4. Asia Pacific
6.3.5. Middle East and Africa (MEA)
6.4. Absolute $ Opportunity Assessment by Region
6.5. Market Attractiveness/Growth Potential Analysis by Region
6.6. Global Craft Beer Demand Share Forecast, 2019-2026
7. North America Craft Beer Market Analysis and Forecast
7.1. Introduction
7.1.1. Basis Point Share (BPS) Analysis by Country
7.1.2. Y-o-Y Growth Projections by Country
7.2. North America Craft Beer Market Size and Volume Forecast by Country
7.2.1. U.S.
7.2.2. Canada
7.3. Absolute $ Opportunity Assessment by Country
7.4. North America Craft Beer Market Size and Volume Forecast by Types
7.4.1. Lager
7.4.2. Ale
7.4.3. Pilsner
7.4.4. Others
7.5. Basis Point Share (BPS) Analysis by Types
7.6. Y-o-Y Growth Projections by Types
7.7. Market Attractiveness/Growth Potential Analysis
7.7.1. By Country
7.7.2. By Product Type
7.7.3. By Application
7.8. North America Craft Beer Demand Share Forecast, 2019-2026
8. Latin America Craft Beer Market Analysis and Forecast
8.1. Introduction
8.1.1. Basis Point Share (BPS) Analysis by Country
8.1.2. Y-o-Y Growth Projections by Country
8.1.3. Latin America Average Pricing Analysis
8.2. Latin America Craft Beer Market Size and Volume Forecast by Country
8.2.1. Brazil
8.2.2. Mexico
8.2.3. Rest of Latin America
8.3. Absolute $ Opportunity Assessment by Country
8.4. Latin America Craft Beer Market Size and Volume Forecast by Types
8.4.1. Lager
8.4.2. Ale
8.4.3. Pilsner
8.4.4. Others
8.5. Basis Point Share (BPS) Analysis by Types
8.6. Y-o-Y Growth Projections by Types
8.7. Market Attractiveness/Growth Potential Analysis
8.7.1. By Country
8.7.2. By Product Type
8.7.3. By Application
8.8. Latin America Craft Beer Demand Share Forecast, 2019-2026
9. Europe Craft Beer Market Analysis and Forecast
9.1. Introduction
9.1.1. Basis Point Share (BPS) Analysis by Country
9.1.2. Y-o-Y Growth Projections by Country
9.1.3. Europe Average Pricing Analysis
9.2. Europe Craft Beer Market Size and Volume Forecast by Country
9.2.1. Germany
9.2.2. France
9.2.3. Italy
9.2.4. U.K.
9.2.5. Spain
9.2.6. Russia
9.2.7. Rest of Europe
9.3. Absolute $ Opportunity Assessment by Country
9.4. Europe Craft Beer Market Size and Volume Forecast by Types
9.4.1. Lager
9.4.2. Ale
9.4.3. Pilsner
9.4.4. Others
9.5. Basis Point Share (BPS) Analysis by Types
9.6. Y-o-Y Growth Projections by Types
9.7. Market Attractiveness/Growth Potential Analysis
9.7.1. By Country
9.7.2. By Product Type
9.7.3. By Application
9.8. Europe Craft Beer Demand Share Forecast, 2019-2026
10. Asia Pacific Craft Beer Market Analysis and Forecast
10.1. Introduction
10.1.1. Basis Point Share (BPS) Analysis by Country
10.1.2. Y-o-Y Growth Projections by Country
10.1.3. Asia Pacific Average Pricing Analysis
10.2. Asia Pacific Craft Beer Market Size and Volume Forecast by Country
10.2.1. China
10.2.2. Japan
10.2.3. South Korea
10.2.4. India
10.2.5. Australia
10.2.6. Rest of Asia Pacific (APAC)
10.3. Absolute $ Opportunity Assessment by Country
10.4. Asia Pacific Craft Beer Market Size and Volume Forecast by Types
10.4.1. Lager
10.4.2. Ale
10.4.3. Pilsner
10.4.4. Others
10.5. Basis Point Share (BPS) Analysis by Types
10.6. Y-o-Y Growth Projections by Types
10.7. Market Attractiveness/Growth Potential Analysis
10.7.1. By Country
10.7.2. By Product Type
10.7.3. By Application
10.8. Asia Pacific Craft Beer Demand Share Forecast, 2019-2026
11. Middle East & Africa Craft Beer Market Analysis and Forecast
11.1. Introduction
11.1.1. Basis Point Share (BPS) Analysis by Country
11.1.2. Y-o-Y Growth Projections by Country
11.1.3. Middle East & Africa Average Pricing Analysis
11.2. Middle East & Africa Craft Beer Market Size and Volume Forecast by Country
11.2.1. Saudi Arabia
11.2.2. South Africa
11.2.3. UAE
11.2.4. Rest of Middle East & Africa (MEA)
11.3. Absolute $ Opportunity Assessment by Country
11.4. Middle East & Africa Craft Beer Market Size and Volume Forecast by Types
11.4.1. Lager
11.4.2. Ale
11.4.3. Pilsner
11.4.4. Others
11.5. Basis Point Share (BPS) Analysis by Types
11.6. Y-o-Y Growth Projections by Types
11.7. Market Attractiveness/Growth Potential Analysis
11.7.1. By Country
11.7.2. By Product Type
11.7.3. By Application
11.8. Middle East & Africa Craft Beer Demand Share Forecast, 2019-2026
12. Competition Landscape
12.1. Global Craft Beer Market: Market Share Analysis
12.2. Craft Beer Distributors and Customers
12.3. Craft Beer Market: Competitive Dashboard
12.4. Company Profiles (Details: Overview, Financials, Developments, Strategy)
12.4.1. AB In Bev
12.4.2. Heineken NV
12.4.3. Constellation Brands
12.4.4. The Boston Beer Company
12.4.5. Sieera Nevada
Methodology
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