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

Author : Anuradha B. More

Fact-checked by : Vaibhav Chandola

Editor : Shruti Bhat

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.

Attributes	Details
Report Title	Global Craft Beer Market - Industry Analysis, Size, Share, Growth, Trends And Forecast
Base Year	2022
Historic Data	2016 & 2021
Forecast Period	2023 – 2031
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)
Regional Scope	Asia Pacific, North America, Europe, Latin America, and Middle East & Africa
Report Coverage	Market scope, analysis, share, competitive analysis, growth facts, restraints, opportunities, and revenue forecast
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.

Craft Beer Market Key Players

Table Of Content

1. Executive Summary
2. 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 (000â€™ 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