Latest Industry Research Report On “Global Craft Beer Market 2019 by Manufacturers, Regions, Type and Application, Forecast to 2024” in-depth analysis of the market state and also the competitive landscape globally.
Craft beer – what used to be referred to as ‘micro-brewed’ or ’boutique’ beer – took its modern roots in the United States around thirty years ago as a new breed of keen brewers rediscovered lost styles and interesting, flavoursome brews. Australia, New Zealand, Canada, Japan and Scandinavia and pockets of Europe are today leading the charge, providing alternatives to the traditional Euro-style lagers.
Craft beer is fetching higher sales than traditional beer due to endeavors from local and international brewers that are expanding their distribution network and at the same time offering exciting new flavors and tastes. The rising consumer preference for low alcohol by volume (ABV) beer is fueling the growth of the global craft beer market.
Consumers are increasingly preferring new styles and flavors of craft beer thus boosting its marketability. With the use of premium quality raw materials and advanced brewing techniques, major chunk of beer consumers have been successfully diverted to craft beer segment from mainstream beer.
The craft beer industry is majorly driven by its Premiumization aspect, wherein the consumers willingly pay higher prices for craft beer than its traditional counterparts due to its exotic flavor profile and convenience of making. Thus, higher margins associated with craft beer fetches higher profitability.
The global craft beer market is segmented by type, distribution and geography. Based on the type of craft beer, the market has been further segmented into Ales (Pale, strong, Indian, brown and Scottish styles), Pilseners and Pale Lagers, Wild/Sour Beer, Wheat Beers, Porters, Stouts, Bocks, Hybrid and Specialty Beers. India pale ale (IPAs) are a major growth driver followed by pilsners.
Based on the distribution channels, the market is further segmented into on-trade and off-trade distribution. The former sub-category is the one wherein the alcoholic drinks are sold in bars, restaurants, clubs and pubs and similar channels. The off-trade distribution is the one where craft beer is distributed through retailers, wholesalers, and online channels.
Due to the rapid growth of hospitality sector particularly in the developed economies, the on-trade distribution channels have promising growth potential. On the contrary, the off-trade distribution has higher growth prospects in emerging economies where affordability is the key to sales performance.
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Below is the Short Brief of the Global Craft Beer Market Report:
Craft Beer Market Top Manufacturers profiled in the report are:
Budweiser, Yuengling, The Boston Beer Company, Sierra Nevada, New Belgium Brewing, Gambrinus, Lagunitas, Bell’s Brewery, Deschutes, Stone Brewery, Firestone Walker Brewing, Brooklyn Brewery, Dogfish Head Craft Brewery, Founders Brewing, SweetWater Brewing,
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Craft Beer Market Segmented by Types:
Craft Beer Market segmented by Applications:
Global Craft Beer Market segmented by Regions:
North America (United States, Canada and Mexico)
Asia-Pacific (China, India, Japan, South Korea, Australia, Indonesia, Malaysia, Philippines, Thailand, Vietnam)
Europe (Germany, France, UK, Italy, Russia, Rest of Europe)
Central & South America (Brazil, Rest of South America)
Middle East & Africa (GCC Countries, Turkey, Egypt, South Africa, Other)
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In this study, the years considered for market sizing of Craft Beer are as follows:
Historical Year: 2014-2018
Base Year: 2018
Forecast Year: 2019 to 2024
Objectives of the Research Study
-Analyzing mergers and acquisitions, alliances, joint ventures, partnerships, and other types of Craft Beer business deals as well as product innovations and recent developments
-Analyzing core competencies and market shares of key players in the Craft Beer market and comprehensively profiling them
-Unveiling important prospects and opportunities available in the Craft Beer market
-Researching the market on the basis of future prospects, growth trends, and Craft Beer market dynamics
-Forecasting the market size of key regions and countries such as North America, the U.S., China, and the MEA
-Forecasting the market size of leading segments and sub-segments of the Craft Beer market
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