Craft Beer Market Research Report - Forecast till 2030

Craft Beer Market Research Report: Information by Type (Ale, Lager, Stouts and others), Ingredients (Malt, Yeast, Enzymes, Hops and others), Distribution Channel (On-Trade and Off-Trade) and Region (North America, Europe, Asia-Pacific and Rest of the World) - Forecast till 2030

ID: MRFR/F-B & N/0467-HCR | October 2022 | Region: Global | 123 Pages         

Craft Beer Market

Craft Beer Market Size is anticipated to reach USD 248.6 Billion by 2030, registering a CAGR of 13.50% during 2022-2030.

Segmentation

By Type Ale Lager Stouts
By Ingredients Malt Yeast Enzymes Hops
By Distribution Channel Store Based Non Store Based
By Region North America Europe Asia Pacific Rest Of The World

Key Players

  • Boston Beer Company Inc.
  • D.G. Yuengling & Sons Inc.
  • New Belgium Craft Brewery
  • Deschutes Brewery
  • North Brewing Company

Drivers

  • The Development of New Products And Flavors By Individual Craft Breweries
  • The Emergence of Subtler Flavors Like Floral Ones
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Craft Beer Market Synopsis


The craft beer market size is projected to grow at a CAGR of 13.50% from 2022 to 2030, reaching USD 248.6 billion. The Craft Beer Market has been growing ever since the segment of microbrewery was found thirty years ago. Earlier, brewing experts and beer enthusiasts referred to as the micro-brewed variety or the boutique variety. The global market has been growing steadily over the last few years. With the refined tastes of the beer enthusiasts, the global craft beer industry is at an advantage in terms of growth. The global market has key drivers like new blends and lost styles of brewing. Therefore, an interest in new styles of brewing drove the global market towards growth. 


Today, Craft Beer Market analysis points to the discovery of new flavorsome brews in craft breweries. The craft beer industry analysis points to different pockets of market growth across the world. More than the traditional brands of beer, the craft beer industry is bringing in more revenue and interest. Moreover, the interest in new flavors and tastes pulls in the prospects for the market growth. Both international and local breweries are leaning on the craft beer segment for experimentation and novelty.


The preference for lower alcohol by volume in modern consumer segments is also a key driver of growth for the market. The use of premium brewing material and methods also supports the growth of the Craft Beer Market share in the entire global beer market. The search for something new in the traditional beer market will further push the market share up in the future.


COVID 19 analysis 


Like all other industries, Craft Beer Market has also been affected by the COVID 19 pandemic. The craft beer industry analysis during the pandemic showed that there had been a decline in the demand for craft beer during the period. Moreover, there has been an overall decline in demand for beer. Firstly, this decline is due to the fact that the major retailers and users of beer were shut during the pandemic.


Since pubs, bars, and restaurants shut down, the demand for beer automatically declined. Obviously, the craft beer market size decreased in the immediate aftermath of the pandemic. However, the reopening of the pubs and restaurants is a positive sign for the market trends. The future craft beer industry trends indicate that the craft beer industry will recover and gain momentum towards growth. 


The craft beer market share will increase starting from 2022 towards the end of 2030. The industry analysis concludes that the craft beer segment is a highly profitable one in the global beer market. In the post-pandemic phase, the Market for Craft Beer share will increase at a high growth rate. The pandemic might even create a void that draws more customer attention to the niche segment. 


Market Dynamics 


The major drivers of the market 


Firstly, the emergence of new breweries across the world is a great sign of the craft beer market trends. The development of new products and flavors by individual craft breweries is also making diversity a part of the craft beer industry trendsAdditionally, the emergence of subtler flavors like floral ones is also a key driver of the universal appeal of the craft beer industry growth. The infusion of innovation into the market is a key driver of growth for the craft beer industry. Moreover, experimentation and development from the key players of the global market drive growth of the market. 


Significant opportunities for the market


The craft beer market analysis concludes that the new trends of socializing among the population are an opportunity for the craft breweries. The millennials are looking into craft brewery tours and brewpub visits. The Market for Craft Beer analysis indicates that craft breweries will become a huge part of the hospitality industry. Craft breweries are a major part of the beverages industry. However, the new mindset of experiences also makes it a visiting spot. Thus, the craft brewery owners can tap into hosting special visits to their breweries.


Market Restraints for the craft beer industry 


The craft beer market research also highlights the different restraints that should be addressed for a sustained period of growth. It is true that there is a lot of organic demand for craft beer. The diversity of flavors makes it a leading segment in the beer industry. However, the beer industry coexists with other alcohol beverage segments. For example, other alcoholic segments of gin, whiskey, and scotch also interfere with beer sales. Thus, the craft beer segment will face stiff competition in the coming years. 


Market growth challenges 


Craft beer market research points out that there are challenges to the market growth that should be addressed before moving ahead to the future. For example, people are consciously choosing a healthier lifestyle after the pandemic. Many people prefer putting a stop to alcoholic beverage consumption to detox their bodies. Thus, the turn towards healthier lifestyles is a challenge that brewing companies should address in the post-pandemic era. In addition to this, another challenge is to continue experimentation to discover new flavors. Craft breweries need to invest in new blending and distillation techniques to retain the novelty of craft beer. 


Cumulative Growth Analysis 


In conclusion, of the different aspects of the craft beer market growth, it is safe to say that the craft beer industry will face challenges and restraints in the future. However, no market is exempt from challenges and restraints. The right path for future growth is to support the growth with innovation and experimentation. The presence of direct and indirect competitors in the alcoholic beverage segment can be a positive growth factor for the market in certain circumstances. The market report research points at an effort from the key players of the market. Thus, the growth rate of the market will be sustained in the future. 


Market Segment Overview 


The craft beer market segmentation bases upon different criteria. The common criteria are the type of beer and the ingredients used for making the beer. Additionally, another segment bases upon the distribution channel of the beer. Moreover, the Market for Craft Beer segmentation also occurs across different regions of the world. 


By type 


Firstly, the global market report further segments into ale, lager, and stouts based on the type of craft beer. 


By ingredients 


Secondly, the global craft beer market divides into malt, yeast, enzymes, and hops based upon the ingredients used in the beer. These enlist the different ingredients to turn the raw materials into beer. The final flavor of the craft beer depends on the ingredients used in the process. 


By distribution channels 


The craft beer market divides into on-trade and off-trade segments based on distribution channels around the world. The distribution channels connect the different segments of the market. Thus, distribution channels create the global craft beer supply chain. 


Regional Overview 


The craft beer industry segmentation on the basis of major regional markets also holds importance for revenue analysis. The major regional markets of the Market for Craft Beer are North America, Asia Pacific, and Europe. Other minor regional markets combine into the Rest of the World. The North American region was the dominant region at the start of the analysis period. Secondly, the European region is the second biggest market of craft beer. The North American region will maintain its dominance over the regional markets of the world. Secondly, the European region will also grow as a major producer in the forecast period. 


Competitive Landscape 


The key players of the global craft beer market are as follows. 



  • Boston Beer Company Inc. 

  • D.G. Yuengling & Sons, Inc.

  • New Belgium Craft Brewery

  • Deschutes Brewery 

  • North Brewing Company


These key players hold command over the majority share of the market revenue. Therefore, these companies meet the majority of the demand for craft beer. The key players keep contributing to the market revenue by experimenting and coming up with new product launches. 


Recent Developments 


The recent developments of the craft beer field are as follows:


In 2018, a prominent craft beer producer Anheuser-Busch InBev SA introduced Lisa into the UK market. The Lisa beer was a premium Italian beer that has a honey flavor. Such new product launches in foreign markets establish diversity in the market. 


Report Overview 


The Craft Beer Market Outlook or overview is as follows:



  • Market Overview

  • COVID 19 Analysis

  • Market Dynamics

  • Segment Overview

  • Regional Analysis

  • Competitive Landscape

  • Recent Developments


This report puts emphasis on the overall growth prospects of the craft beer market. It highlights the key drivers, opportunities, and challenges of the Market for Craft Beer. Thirdly, it discusses the segmentation of the craft brew market over different categories. Additionally, the report throws light on the competitive landscape and recent developments of the market.



Report Scope:

Report Attribute/Metric Details
  Market Size   USD 248.6 Billion
  CAGR   13.50% (2022-2030)
  Base Year   2021
  Forecast Period   2022-2030
  Historical Data   2020
  Forecast Units   Value (USD billion)
  Report Coverage    Revenue Forecast, Competitive Landscape, Growth Factors, and Trends
  Segments Covered   by Type, Ingredients, Distribution Channel, and Region
  Geographies Covered   North America, Europe, Asia-Pacific, and Rest of the World (RoW)
  Key Vendors   Boston Beer Company Inc. ,D.G. Yuengling & Sons, Inc.,New Belgium Craft Brewery,Deschutes Brewery ,North Brewing Company
  Key Market Opportunities   new trends of socializing among the population
  Key Market Drivers   development of new products and flavors by individual craft breweries


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Frequently Asked Questions (FAQ) :

The North American region will generate the highest revenue by the end of the forecast period.

The global craft beer market will grow at a percentage of 13.50% till the forecast period.

The leading segment of the craft beer market is the larger type of craft beer.

Boston Beer Company Inc. ,D.G. Yuengling & Sons, Inc.,New Belgium Craft Brewery,Deschutes Brewery ,North Brewing Company