Beer and Craft Beer Market valued at US $87.27 Billion in 2022 is to reach a value of US $148.83 Billion in 2030, growing at a CAGR of 6.9% over 2022-2030. Primary factors augmenting the outlook of this marketplace are widespread urbanization and rising disposable income of the masses.
Low ABV beers were were largely regarded as insipid, but craft brewers are now giving them a new lease on life. Brewers are attempting to revolutionise the craft beer market, which is far more prevalent in European nations like Sweden. Breweries may prepare themselves for what the craft beer market requires by planning ahead despite the fact that the craft beer industry is continuously evolving.
The growing interest of consumers who are health-conscious has increased the market for beverages with low alcohol content. The market is being driven by a wider selection of new product lines given by major players with improved flavour and low alcohol content in beer for those of 2.8 % ABV and less. One of the biggest challenges facing the craft beer sector is the competition from other alcoholic beverages like wine.
To read the full report, request Sample @ https://wemarketresearch.com/sample-request/beer-and-craft-beer-market/169/
Global Beer and Craft Beer Market: Segmental Analysis
By Type:
- Ale
- Lager
- Pilsners
- Other
By Packaging:
- Glass
- Bottle
- Can
- Others
By Production:
- Macro brewery
- Microbrewery
- Craft Brewery
- Others
By Distribution Channel:
- On Trade
- Off Trade
Global Beer and Craft Beer Market: Geographical Ambit
North America, Middle East Africa, Latin America, Europe, and Asia Pacific are the major regions present in this business sphere. Among these, North America is projected to showcase lucrative expansion trends over 2022-2030. This is attributable to the surging number of breweries, presence of emerging players, rising disposable income levels, and increase in millennial population.
Global Beer and Craft Beer Market: Competitive Hierarchy
The prominent companies characterizing the competitive gamut of this industry vertical are Mohan Meakin Ltd., United Breweries Ltd. (UB Group), Arbor Brewing Company India, B9 Beverages Pvt. Ltd. (Bira 91), Carlsberg India Pvt. Ltd., Gateway Brewing Company, Himalayan Ales Pvt. Ltd. (White Rhino), Molson Coors India Pvt. Ltd., Sona Beverages Pvt. Ltd. (Simba Beer), Anheuser-Busch InBev NV, Boston Beer Company, Constellation Brands, SABMiller Plc, and Diageo PLC.
Notably, in June 2020, Anheuser-Busch InBev announced the acquisition of Craft Brew Alliance to diversify its craft beer portfolio.
Interested in purchasing this Report? Click here: - https://wemarketresearch.com/purchase/beer-and-craft-beer-market/169/?license=single
Frequently Asked Questions (FAQ):
- What is the study period of this market?
- What is the growth rate of Craft Beer Market?
- Which region has highest growth rate in Craft Beer Market?
- Which region has largest share in Craft Beer Market?
- Who are the key players in Craft Beer Market?
About We Market Research
WE MARKET RESEARCH is an established market analytics and research firm with a domain experience sprawling across different industries. We have been working on multi-county market studies right from our inception. Over the time, from our existence, we have gained laurels for our deep rooted market studies and insightful analysis of different markets.
Our strategic market analysis and capability to comprehend deep cultural, conceptual and social aspects of various tangled markets has helped us make a mark for ourselves in the industry. WE MARKET RESEARCH is a frontrunner in helping numerous companies; both regional and international to successfully achieve their business goals based on our in-depth market analysis. Moreover, we are also capable of devising market strategies that ensure guaranteed customer bases for our clients.
Contact Us:
We Market Research
Phone: +1(929)-450-2887
Email: [email protected]
