Global Craft Beer Market: Industry Analysis and Forecast (2018-2026)

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Global Craft Beer Market was valued at US$ 38.97 Bn in 2019 and is expected to reach US$ 122.1 Bn by 2026, at a CAGR of 15.34% during a forecast period.

The report includes the analysis of the impact of COVID-19 lockdown on the revenue of market leaders, followers, and disruptors. Since the lockdown was implemented differently in various regions and countries; the impact of the same is also seen differently by regions and segments. The report has covered the current short-term and long-term impact on the market, and it would help the decision-makers to prepare the outline and strategies for companies by region.

Global Craft Beer Market, by Type

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Global Craft Beer Market Segment Analysis

Based on application, the bar segment is expected to hold the largest share in the market during the forecast period. The growing influence of western culture among the youth, rising disposable incomes of consumers, and an increasing number of bars are driving the market growth positively. Based on type, the bar segment is expected to lead the market growth during the forecast period.
Global Craft Beer Market Dynamics

Growing living standards of consumers are expected to propel the market growth globally. The rising popularity of e-commerce is boosting the market growth. Various government bodies of countries such as China, Australia, and Belgium are promoting craft beer to develop an economy of a nation. Craft beer contains less amount of alcohol and the health benefits of craft beer are driving factors of the global craft beer market.

Rising innovation of new flavors, which is a key driving factor of the market growth. In addition, the rising affordability of consumers, the increasing middle-class population across the globe are other driving factors of the craft beer market. The report provides an in-detail list of drivers and restraints of the market, which are influencing the market growth. Additionally, provides expected opportunities and emerging trends.
Global Craft Beer Market Regional Insights

In terms of region, the Asia Pacific is expected to hold the largest share in the market during the forecast period owing to the rising affordability of the middle-class population in developing countries of this region. India is estimated to lead the market growth during the forecast period due to the rising income of the middle-class population and increasing demand for craft beer.

Europe is also expected to hold the largest share in the market during the forecast period. Developed economy and changing consumer preference towards the less amount of alcohol in beer & flavored are boosting the market growth in this region.

The report includes a detailed study of Porter’s Five Forces model to analyze the different factors affecting the growth of the market. Moreover, the study also covers a market attractiveness analysis, PESTLE analysis, Value Chain Analysis, and SWOT analysis.
Global Craft Beer Market, Key Highlights:

• Global Craft Beer Market analysis and forecast, in terms of value.
• Comprehensive study and analysis of market drivers, restraints, and opportunities influencing the growth of the Global Craft Beer Market
• Global Craft Beer Market segmentation on the basis of type, source, end-user, and region (country-wise) has been provided.
• Global Craft Beer Market strategic analysis with respect to individual growth trends, future prospects along the contribution of various sub-market stakeholders have been considered under the scope of the study.
• Global Craft Beer Market analysis and forecast for five major regions namely North America, Europe, Asia Pacific, the Middle East & Africa (MEA), and Latin America along with country-wise segmentation.
• Profiles of key industry players, their strategic perspective, market positioning, and analysis of core competencies are further profiled.
• Competitive developments, investments, strategic expansion, and competitive landscape of the key players operating in the Global Craft Beer Market are also profiled.
Scope of the Report for Craft Beer Market :Inquire before buying

Global Craft Beer Market, by Type

• Ale
• Lager
Global Craft Beer Market, by Application

• Food Service
• Personal Buyer
• Bar
Global Craft Beer Market, by Region

• North America
• Europe
• Asia-Pacific
• Middle East & Africa
• South America
Global Craft Beer Market Key Players

• Karl Strauss
• Lagunitas Brewing Company
• Mother Earth Brewing
• Ninkasi Brewing Company
• Stone Brewing
• Tuatara Breweries
• D.G. Yuengling and Son Inc.
• The Boston Beer Company, Inc.
• Alesmith Brewing Co., Inc.
• BrewdogPlc
• Carlsberg Group
• Dogfish Head Craft Brewery Inc.
• Guinness & Co.
• Hangar 24 Craft Brewery
• Llc

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