Global Craft Beer Market Size, Share, Growth Analysis, By Type(Large, Ale), By Distribution channel(Off-trade, On-trade)

Description

Global Craft Beer Market size was valued at USD 93.69 billion in 2021 and is poised to grow from USD 104 billion in 2022 to USD 243.15 billion by 2030, growing at a CAGR of 11.2% in the forecast period (2023-2030).

Beer, a well-established and ancient beverage, holds a prominent position as one of the most widely consumed drinks. It has deep roots in numerous cultures and, when consumed in moderation, offers several health advantages. Despite the wide range of beverage choices available today, beer continues to be a popular choice, particularly among younger drinkers. It remains the most favoured and extensively exported alcoholic beverage globally. The diverse array of flavours and formulations in beer has made it a trending choice among millennials and individuals from Generation Z.

Segments Covered in this report

The Craft Beer Market on a global scale is divided into various segments, including type, distribution channel, and region. In terms of type, the market is categorized into large craft beer, ale craft beer, and other craft beer variations. The distribution channel segment comprises off-trade, referring to sales through retail stores, and on-trade, which encompasses sales through bars, restaurants, and breweries. Geographically, the craft beer market is categorized into North America, Europe, Asia-Pacific, South America, and the Middle East & Africa (MEA) regions.

Driver

The introduction of diverse beer flavours has captivated individuals, resulting in a widespread appeal for beer worldwide. The incorporation of enticing elements such as fruity, spicy, and premium classic blends has aroused the interest of drinkers. Craft beers, being a prominent element in social gatherings and parties, have gained immense popularity among young people, which is expected to be a major driving force in the craft beer market during the forecast period.

Restraint

The availability of alternative alcoholic beverages such as gin, whiskey, and rum in comparison to craft beers is expected to pose a limiting factor.

Market trend

Growing Market Demand for Craft Beer: As the market demand for craft beer continues to rise, breweries are adopting innovative approaches to attract consumers. One such method is the incorporation of CBD (Cannabidiol) as an innovative ingredient in brewing. CBD-infused craft beers are gaining popularity among individuals due to their enhanced taste and lower calorie content. CBD is derived from the cannabis plant and is known for its non-psychoactive properties.

Product Code: SQMIG30E2024

Executive Summary

Market Overview
Wheel of Fortune

Research Methodology

Information Procurement
Secondary & Primary Data Sources
Market Size Estimation
Market Assumptions & Limitations

Parent Market Analysis

Market Overview
Market Size
Market Dynamics
- Drivers
- Opportunities
- Restraints
- Challenges

Key Market Insights

Technology Analysis
Pricing Analysis
Supply Chain Analysis
Value Chain Analysis
Ecosystem of the Market
IP Analysis
Trade Analysis
Startup Analysis
Raw Material Analysis
Innovation Matrix
Pipeline Product Analysis
Macroeconomic Indicators
Top Investment Analysis
Key Success Factor
Degree of Competition

Market Dynamics & Outlook

Market Dynamics
- Drivers
- Opportunities
- Restraints
- Challenges
Regulatory Landscape
Porters Analysis
- Competitive rivalry
- Threat of Substitute Products
- Bargaining Power of Buyers
- Threat of New Entrants
- Bargaining Power of Suppliers
Skyquest Special Insights on Future Disruptions
- Political Impact
- Economic Impact
- Social Impact
- Technical Impact
- Environmental Impact
- Legal Impact

Global Craft Beer Market by Type

Market Overview
Large
Ale
Others

Global Craft Beer Market by Distribution channel

Market Overview
Off-trade
On-trade

Global Craft Beer Market Size by Region

Market Overview
North America
- USA
- Canada
Europe
- Germany
- Spain
- France
- UK
- Rest of Europe
Asia Pacific
- China
- India
- Japan
- South Korea
- Rest of Asia-Pacific
Latin America
- Brazil
- Rest of Latin America
Middle East & Africa (MEA)
- GCC Countries
- South Africa
- Rest of MEA

Competitive Landscape

Top 5 Player Comparison
Market Positioning of Key Players, 2021
Strategies Adopted by Key Market Players
Top Winning Strategies
- By Development
- By Company
- By Year
Recent Activities in the Market
Key Companies Market Share (%), 2021

Key Company Profiles

Sierra Nevada Brewing Company
- Company Overview
- Business Segment Overview
- Financial Updates
- Key Developments
New Belgium Brewing Company
- Company Overview
- Business Segment Overview
- Financial Updates
- Key Developments
Dogfish Head Craft Brewery
- Company Overview
- Business Segment Overview
- Financial Updates
- Key Developments
Stone Brewing
- Company Overview
- Business Segment Overview
- Financial Updates
- Key Developments
Lagunitas Brewing Company
- Company Overview
- Business Segment Overview
- Financial Updates
- Key Developments
Samuel Adams
- Company Overview
- Business Segment Overview
- Financial Updates
- Key Developments
Bell's Brewery
- Company Overview
- Business Segment Overview
- Financial Updates
- Key Developments
Deschutes Brewery
- Company Overview
- Business Segment Overview
- Financial Updates
- Key Developments
Founders Brewing Co.
- Company Overview
- Business Segment Overview
- Financial Updates
- Key Developments
Avery Brewing Company
- Company Overview
- Business Segment Overview
- Financial Updates
- Key Developments
Oskar Blues Brewery
- Company Overview
- Business Segment Overview
- Financial Updates
- Key Developments
Goose Island Beer Co.
- Company Overview
- Business Segment Overview
- Financial Updates
- Key Developments
Brooklyn Brewery
- Company Overview
- Business Segment Overview
- Financial Updates
- Key Developments
Boulevard Brewing Co.
- Company Overview
- Business Segment Overview
- Financial Updates
- Key Developments
Great Lakes Brewing Company
- Company Overview
- Business Segment Overview
- Financial Updates
- Key Developments
The Alchemist Brewery
- Company Overview
- Business Segment Overview
- Financial Updates
- Key Developments
Russian River Brewing Company
- Company Overview
- Business Segment Overview
- Financial Updates
- Key Developments
Firestone Walker Brewing Company
- Company Overview
- Business Segment Overview
- Financial Updates
- Key Developments
Tröegs Independent Brewing
- Company Overview
- Business Segment Overview
- Financial Updates
- Key Developments
Funky Buddha Brewery
- Company Overview
- Business Segment Overview
- Financial Updates
- Key Developments

Global Craft Beer Market Size, Share, Growth Analysis, By Type(Large, Ale), By Distribution channel(Off-trade, On-trade) - Industry Forecast 2023-2030