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Craft Beer Market Research Report: Growth, Share, Value, Size, and Insights

Craft Beer Market Size And Forecast by 2031

Data Bridge Market Research analyses that the Global Craft Beer Market which was USD 2.77 Million in 2022 is expected to reach USD 7.02 Billion by 2030 and is expected to undergo a CAGR of 12.30% during the forecast period of 2022 to 2030. Craft Beer Market report provides a holistic evaluation of the market. The report offers comprehensive analysis of Size, Share, Scope, Demand, Growth, Value, Opportunities, Industry Statistics, Industry Trends, Industry Share, Revenue Analysis, Revenue Forecast, Future Scope, Challenges, Growth Drivers, leaders, graph, insights, Research Report, companies, overview, outlook and factors that are playing a substantial role in the market.

Global Craft Beer Market Segmentation Analysis

Global Craft Beer Market, By Product Type (Ale, Lagers, Specialty Beers, and Others), Distribution Channel (On- Trade, and Off- Trade), Age Group (21–35 Years Old, 40–54 Years Old, and 55 Years and Above) – Industry Trends and Forecast to 2030.

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Which are the top companies operating in the Craft Beer Market?

The “Global Craft Beer Market ”study report will provide a valuable insight with an emphasis on the global market. The report profiles noticeable organizations working in the water purifier showcase and the triumphant methodologies received by them. It likewise reveals insights about the share held by each organization and their contribution to the Craft Beer Market extension. This Craft Beer Market report provides the information of the Top 10 Companies in Craft Beer Market in the market their business strategy, financial situation etc.

**Segments**

– Based on type, the craft beer market can be segmented into ales, lagers, and others. Ales are expected to dominate the market due to their popularity among consumers who prefer rich, flavorsome brews. Lagers are also gaining traction, especially among mainstream beer drinkers looking for a lighter option. The “”others”” category includes specialty beers like stouts, porters, and hybrids, catering to niche markets and craft beer enthusiasts.

– Geographically, the craft beer market is segmented into North America, Europe, Asia Pacific, Latin America, and Middle East & Africa. North America holds the largest market share, with the United States leading the way in terms of craft beer consumption and production. Europe is also a significant market, known for its long history of brewing traditions and diverse beer styles. The Asia Pacific region is witnessing rapid growth in craft beer consumption, driven by changing consumer preferences and increasing disposable incomes.

– By distribution channel, the craft beer market can be segmented into on-trade and off-trade channels. The on-trade segment includes bars, restaurants, and pubs where consumers can enjoy craft beers on-premises. The off-trade segment consists of retail outlets such as supermarkets, convenience stores, and online platforms where consumers can purchase craft beers for consumption at home.

**Market Players**

– The global craft beer market is highly competitive, with key players focusing on product innovation, brand building, and expansion strategies to gain a competitive edge. Some of the prominent market players include:

– Anheuser-Busch InBev
– The Boston Beer Company
– D.G. Yuengling & Son
– Sierra Nevada Brewing Co.
– New Belgium Brewing Company
– Oskar Blues Brewery
– Stone Brewing
– Dogfish Head Craft Brewery
– Bell’s Brewery, Inc.
– Brooklyn Brewery

With the increasing demand for unique and artisanal beer offerings, the craft beer market is expected to witness robustThe craft beer market continues to expand and evolve, driven by a diverse range of segments that cater to different consumer preferences and tastes. The segments based on type, including ales, lagers, and specialty beers, offer a variety of options for beer enthusiasts. Ales, known for their rich flavors and aromas, are expected to dominate the market as they cater to consumers seeking unique and full-bodied brews. Lagers, on the other hand, are gaining popularity among mainstream beer drinkers looking for a lighter and more refreshing option. The “”others”” category, comprising specialty beers like stouts, porters, and hybrids, targets niche markets and caters to craft beer aficionados with more adventurous palates.

From a geographical perspective, the craft beer market is segmented into key regions such as North America, Europe, Asia Pacific, Latin America, and the Middle East & Africa. North America, particularly the United States, holds the largest market share in the global craft beer market. The US has a strong culture of craft beer consumption and production, with a vast number of breweries offering a wide range of innovative brews. Europe is another significant market for craft beer, boasting a long history of brewing traditions and a diverse array of beer styles. The Asia Pacific region is witnessing rapid growth in craft beer consumption, driven by changing consumer preferences, increasing disposable incomes, and a growing interest in premium and artisanal beer offerings.

In terms of distribution channels, the craft beer market is segmented into on-trade and off-trade channels. The on-trade segment includes bars, restaurants, and pubs where consumers can enjoy craft beers on-premises, providing an experiential element to the consumption of craft beer. The off-trade segment comprises retail outlets such as supermarkets, convenience stores, and online platforms where consumers can purchase craft beers for consumption at home, offering convenience and accessibility to a broader consumer base.

Key market players in the global craft beer market are fiercely competitive, with a strong focus on product innovation, brand building**Market Players**

– Davide Campari-Milano N.V. (Netherlands)
– Diageo PLC (U.K.)
– Halewood International Limited (U.K.)
– Asahi Group Holdings, Ltd. (Japan)
– Accolade Wines (Australia)
– Bacardi Limited (Bermuda)
– Mike’s Hard Lemonade Co. (U.S.)
– Castel Group (France)
– Suntory Holdings Limited (Japan)
– Anheuser-Busch InBev SA/NV (Belgium)
– The Brown-Forman Corporation (U.S.)
– United Brands Company, Inc. (U.S.)
– Pernod Ricard SA (France)
– The Miller Brewing Company (U.S.)

The craft beer market continues to witness robust growth, driven by evolving consumer preferences and a growing demand for unique and artisanal beer offerings. The market segmentation based on type, including ales, lagers, and specialty beers, provides a diverse range of options for consumers seeking different flavor profiles and experiences. Ales, favored for their rich and complex flavors, are expected to maintain dominance in the market, appealing to consumers looking for distinctive and full-bodied brews. Lagers are also gaining popularity, particularly among those seeking lighter and more refreshing beer options, contributing to the overall market expansion. The “”others”” category, which includes specialty beers like stouts, porters, and hybrids, caters to niche markets and enthusiasts with a taste for adventurous