Global Craft Beer Market Research Report- Forecast to 2023

Global Craft Beer Market Research Report- Forecast to 2023

ID: MRFR/F-B & N/0467-CRR | June, 2017 | Region: Global | 123 pages | Cooked Research Reports

Global Craft Beer Market Information- by Type (Ale, Lager, Stouts & Porters and others), by Ingredients (Malt, Yeast, Enzymes, Hops and others) and Region - Forecast to 2023

Report Description:


Market Scenario:


Craft brewery is a brewery that manufacturers small amounts of beer, typically much smaller than large-scale commercial breweries, and is autonomously owned. Malt beer brewed with traditional methods and ingredients, inspired by classic styles, however unlike commercial beer, craft beer is not pasteurized. Brewed by small, independent breweries, craft beer offers a huge range of colors, flavors, and texture. Craft beer market holds huge opportunity with the increasing popularity of craft beer as one of the famous beverages, the number of breweries have increased to meet the increased demand from consumer’s side. Craft beer is found to be the third most popular drink after water and tea and its consumption is found to be high especially amongst the population of youth. Craft beer has gained its popularity as consumers want to keep experimenting with the various available flavors of beer.


Moderate consumption of craft beer decreases the risk of weight gain among women, reduce risk of hypertension, cardiovascular disease and heart failure. It is rich source of silicon, which plays an important role in increasing bone mineral density and prevents osteoporosis, risk of diabetes and Alzheimer. Young consumers are primarily interested and attracted to spend on craft beer consumption owing to higher disposable income, diversity in terms of flavors and health benefits associated with it. All such factors trigger and stimulates the demand of craft beer at the global level. Globally the market (Volume) for Craft Beer is estimated to grow at the rate of about 7.02 % from 2017 to 2023.


Regional Analysis:


The global Craft Beer market is segmented into North America, Europe, Asia Pacific, and rest of the world (ROW). Among these, North American region is expected to retain its dominance throughout the forecast period and will grow at a CAGR of 6.88%. Asia-Pacific region will be the fastest growing region in the Craft Beer market, and will grow at a CAGR of 7.40 % and high growth in emerging economies such as China, India, Japan and ASEAN countries. Latin American countries, offers ample opportunities for expansion to major players. The high consumption of alcoholic beverages in growing economies of Asia-Pacific and Latin America and growing demand for Craft Beer especially in China and India will support the market growth during the review period.


Segments:


Craft beer market has been segmented on the basis of type, and is segmented into ale, lager, stouts & porters and others. Ale dominates the market, but however due to rising demand for innovative beer, lager beer is projected to grow at a highest CAGR.


On the basis of ingredients, market is segmented into malt and other cereal grain, yeast, enzymes, hops, and others. Malt dominates the market, however hops will be highest growing segments


Key Players:


The key players profiled in the Craft beer market are as Boston Beer Co. (U.S.), Yuengling & Son Inc. (U.S.), New Belgium Craft Brewery (U.S.), Deschutes Brewery (U.S.), Bell's Brewery (U.S.), Duvel Moortgat USA (U.S.), Sweetwater Brewery (U.S.)


Target Audience:



  • Craft Beer manufacturers

  • Raw material suppliers

  • End users (food industry)

  • Retailers and wholesalers

  • E-commerce companies

  • Traders, importers and exporters


Key Findings



  • Hops based segment is anticipated to grow at highest CAGR in the Global Craft Beer market throughout the forecast period of 2017-2023.

  • The lager beer segment is projected to register the higher growth rate during the forecast period of 2017 to 2023.

  • In APAC region China dominates the market, followed by Thailand


Regional and Country Analysis of Craft Beer Market Development and Demand Forecast to 2023 Market


As per the MRFR analysis, Global Craft Beer Market is projected to witness at the CAGR of 7.02 % and it is projected to reach USD 135.54 Billion during the period of 2017 to 2023.


The reports also cover country level analysis:


North America



  • US

  • Canada

  • Mexico


Europe



  • Germany

  • U.K.

  • France

  • Spain

  • Rest of Europe


Asia-Pacific



  • China

  • India

  • Thailand

  • Japan

  • Rest of Asia Pacific


Rest of the world



  • Latin America

  • Middle East

  • Others

License

Single User Enterprise User (Buy Premium Reports Chapterwise)
Currency

TABLE OF CONTENTS

2.1 Definition 14


2.1.1 Craft Beer 14


2.2 Ingredients 14


2.2.1 Malted barley 14


2.2.2 Hops 14


2.2.3 Water 14


2.2.4 Yeast 15


2.3 Scope of the Study 15


2.3.1 Research Methodology 15


2.4 Assumptions 15


2.5 Limitations 15


2.6 Market Structure 16

3.1 Research Process 17


3.2 Primary Research 18


3.3 Secondary Research 20


3.4 Forecast Model 21

4.1 Global Craft Beer Market: Market Mapping & Research Methodology 22


4.2 Market Overview: Global Craft Beer Market 23


4.3 Industry Trends and Market Environment: Global Craft Beer Market 24

5.1 Introduction 26


5.2 Drivers: 27


5.2.1 Growing consumer awareness and health benefits associated with craft beer consumption: 27


5.2.2 Urbanization and changing lifestyle: 27


5.2.3 Trend of product/food traceability: 28


5.2.4 Increasing Disposable Incomes in emerging markets: 28


5.2.5 Growing Working Women Population 29


5.3 Restraints: 30


5.3.1 Regulatory Framework: 30


5.3.2 Lower shelf life of craft beer 30


5.4 Opportunities: 31


5.4.1 Growing industrialization in emerging markets: 31


5.5 Challenges: 32


5.5.1 Rising prices of Craft Beer due to Brexit: 32


5.5.2 Close competition with other drinks such as hard ciders, beer, and fruity malt alcoholic beverages: 33

6.1 Craft beer holds huge potential and ample scope of growth 34


6.2 Trade (Import-export) Analysis 34


6.3 Innovation in product and process 36


6.4 Macroeconomic indicators analysis 37

7.1 Introduction 41


7.2 Value Chain Analysis 41


7.3 Supply Chain Analysis 43


7.4 Porter's Five Forces 44


7.4.1 Porter's 5 Forces Analysis: Craft Beer 44


7.4.2 Threat of New Entrants 45


7.4.3 Threat of Substitutes 46


7.4.4 Bargaining Power of Buyers 46


7.4.5 Bargaining Power of Suppliers 47


7.4.6 Intensity of Rivalry 47

9.1 North America 52


9.1.1 U.S. 53


9.1.2 Canada 54


9.1.3 Mexico 56


9.2 Europe 59


9.2.1 Germany 60


9.2.2 U.K. 61


9.2.3 France 63


9.2.4 Spain 65


9.2.5 Rest of Europe 67


9.3 Asia Pacific 70


9.3.1 Asia-Pacific Craft Beer Market 70


9.3.2 China 71


9.3.3 India 73


9.3.4 Thailand 75


9.3.5 Japan 77


9.3.6 Rest of APAC 79


9.4 Rest Of World 82


9.4.1 Latin America 83


9.4.2 Middle East 85


9.4.3 Other 87

13.1 The Boston Beer Company, Inc. 104


13.1.1 Overview 104


13.1.2 Company Snapshot 104


13.1.3 Product and Specifications 105


13.1.4 Key development 105


13.1.5 Business strategy 105


13.1.6 SWOT Analysis 106


13.2 D.G. Yuengling & Sons, Inc. 107


13.2.1 Overview 107


13.2.2 Company Snapshot 107


13.2.3 Product and Specifications 108


13.2.4 Key Developments 108


13.2.5 Business strategy 108


13.3 New Belgium Craft Brewery (U.S.) 110


13.3.1 Company Profile 110


13.3.2 Company Snapshot 110


13.3.3 Product and Specifications 111


13.3.4 Key Developments 111


13.3.5 111


13.3.6 Business strategy 112


13.3.7 SWOT Analysis 112


13.4 Deschutes Brewery 113


13.4.1 Company Profile 113


13.4.2 Company Snapshot 113


13.4.3 Product and Specifications 114


13.4.4 Key developments 114


13.4.5 Business strategy 115


13.4.6 SWOT Analysis 115


13.5 Bell's Brewery Inc. 116


13.5.1 Company Overview 116


13.5.2 Company Snapshot 116


13.5.3 Product and Specifications 117


13.5.4 Key Developments 117


13.5.5 Business Strategy 117


13.6 Duvel Moortgat brewery 118


13.6.1 Company Overview 118


13.6.2 Company Snapshot 118


13.6.3 Product & Specification 119


13.6.4 Key Developments 119


13.6.5 Business strategy 119


13.7 Sweetwater Brewery 120


13.7.1 Company Profile 120


13.7.2 Company Snapshot 120


13.7.3 Product and Specifications 121


13.7.4 Business Strategy 121


13.7.5 Key Developments 122

TABLE 1 FORECAST REAL GDP GROWTH (PER ANNUM) 29

TABLE 2 PESTLE ANALYSIS: CHINA 37

TABLE 3 PESTLE ANALYSIS-MEXICO 38

TABLE 4 PESTLE ANALYSIS- U.S. 39

TABLE 5 PESTLE ANALYSIS- GERMANY 40

TABLE 6 GLOBAL CRAFT BEER MARKET, (2010-2016) VALUE USD BILLION 49

TABLE 7 GLOBAL CRAFT BEER MARKET, (2017-2023) VALUE USD BILLION 50

TABLE 8 GLOBAL CRAFT BEER MARKET, (2010-2016) VOLUME MILLION BARREL 50

TABLE 9 GLOBAL CRAFT BEER MARKET, (2017-2023) VOLUME MILLION BARREL 51

TABLE 10 NORTH AMERICA CRAFT BEER MARKET, (2010-2016) VALUE USD BILLION 52

TABLE 11 NORTH AMERICA CRAFT BEER MARKET, (2017-2023) VALUE USD BILLION 52

TABLE 12 U.S CRAFT BEER MARKET, BY TYPE(2010-2016) VALUE USD BILLION 53

TABLE 13 U.S. CRAFT BEER MARKET, BY TYPE (2017-2023) VALUE USD BILLION 53

TABLE 14 U.S. CRAFT BEER MARKET, RAW MATERIALS (2010-2016) VALUE USD BILLION 53

TABLE 15 U.S. CRAFT BEER MARKET, BY RAW MATERIALS (2017-2023) VALUE USD BILLION 54

TABLE 16 CANADA CRAFT BEER MARKET, BY TYPE(2010-2016) VALUE USD BILLION 54

TABLE 17 CANADA CRAFT BEER MARKET, BY TYPE (2017-2023) VALUE USD BILLION 55

TABLE 18 CANADA CRAFT BEER MARKET, RAW MATERIALS (2010-2016) VALUE USD BILLION 55

TABLE 19 CANADA CRAFT BEER MARKET, BY RAW MATERIALS (2017-2023) VALUE USD BILLION 56

TABLE 20 MEXICO CRAFT BEER MARKET, BY TYPE(2010-2016) VALUE USD BILLION 56

TABLE 21 MEXICO CRAFT BEER MARKET, BY TYPE (2017-2023) VALUE USD BILLION 57

TABLE 22 MEXICO CRAFT BEER MARKET, RAW MATERIALS (2010-2016) VALUE USD BILLION 57

TABLE 23 MEXICO CRAFT BEER MARKET, BY RAW MATERIALS (2017-2023) VALUE USD BILLION 58

TABLE 24 EUROPE CRAFT BEER MARKET, (2010-2016) VALUE USD BILLION 59

TABLE 25 EUROPE CRAFT BEER MARKET, (2017-2023) VALUE USD BILLION 59

TABLE 26 GERMANY CRAFT BEER MARKET, BY TYPE(2010-2016) VALUE USD BILLION 60

TABLE 27 GERMANY CRAFT BEER MARKET, BY TYPE (2017-2023) VALUE USD BILLION 60

TABLE 28 GERMANY CRAFT BEER MARKET, RAW MATERIALS (2010-2016) VALUE USD BILLION 60

TABLE 29 GERMANY CRAFT BEER MARKET, BY RAW MATERIALS (2017-2023) VALUE USD BILLION 61

TABLE 30 U.K. CRAFT BEER MARKET, BY TYPE(2010-2016) VALUE USD BILLION 61

TABLE 31 U.K. CRAFT BEER MARKET, BY TYPE (2017-2023) VALUE USD BILLION 62

TABLE 32 U.K. CRAFT BEER MARKET, RAW MATERIALS (2010-2016) VALUE USD BILLION 62

TABLE 33 U.K. CRAFT BEER MARKET, BY RAW MATERIALS (2017-2023) VALUE USD BILLION 63

TABLE 34 FRANCE CRAFT BEER MARKET, BY TYPE(2010-2016) VALUE USD BILLION 63

TABLE 35 FRANCE CRAFT BEER MARKET, BY TYPE (2017-2023) VALUE USD BILLION 64

TABLE 36 FRANCE CRAFT BEER MARKET, RAW MATERIALS (2010-2016) VALUE USD BILLION 64

TABLE 37 FRANCE CRAFT BEER MARKET, BY RAW MATERIALS (2017-2023) VALUE USD BILLION 65

TABLE 38 SPAIN CRAFT BEER MARKET, BY TYPE(2010-2016) VALUE USD BILLION 65

TABLE 39 SPAIN CRAFT BEER MARKET, BY TYPE (2017-2023) VALUE USD BILLION 66

TABLE 40 SPAIN CRAFT BEER MARKET, RAW MATERIALS (2010-2016) VALUE USD BILLION 66

TABLE 41 SPAIN CRAFT BEER MARKET, BY RAW MATERIALS (2017-2023) VALUE USD BILLION 67

TABLE 42 REST OF EUROPE CRAFT BEER MARKET, BY TYPE(2010-2016) VALUE USD BILLION 67

TABLE 43 REST OF EUROPE CRAFT BEER MARKET, BY TYPE (2017-2023) VALUE USD BILLION 68

TABLE 44 REST OF EUROPE CRAFT BEER MARKET, RAW MATERIALS (2010-2016) VALUE USD BILLION 68

TABLE 45 REST OF EUROPE CRAFT BEER MARKET, BY RAW MATERIALS (2017-2023) VALUE USD BILLION 69

TABLE 46 ASIA-PACIFIC CRAFT BEER MARKET, (2010-2016) VALUE USD BILLION 70

TABLE 47 CHINA CRAFT BEER MARKET, BY TYPE (2017-2023) VALUE USD BILLION 71

TABLE 48 CHINA CRAFT BEER MARKET, BY TYPE(2010-2016) VALUE USD BILLION 71

TABLE 49 CHINA CRAFT BEER MARKET, BY TYPE (2017-2023) VALUE USD BILLION 72

TABLE 50 CHINA CRAFT BEER MARKET, RAW MATERIALS (2010-2016) VALUE USD BILLION 72

TABLE 51 CHINA CRAFT BEER MARKET, BY RAW MATERIALS (2017-2023) VALUE USD BILLION 73

TABLE 52 INDIA. CRAFT BEER MARKET, BY TYPE(2010-2016) VALUE USD BILLION 73

TABLE 53 INDIA. CRAFT BEER MARKET, BY TYPE (2017-2023) VALUE USD BILLION 74

TABLE 54 INDIA. CRAFT BEER MARKET, RAW MATERIALS (2010-2016) VALUE USD BILLION 74

TABLE 55 INDIA. CRAFT BEER MARKET, BY RAW MATERIALS (2017-2023) VALUE USD BILLION 75

TABLE 56 THAILAND. CRAFT BEER MARKET, BY TYPE(2010-2016) VALUE USD BILLION 75

TABLE 57 THAILAND. CRAFT BEER MARKET, BY TYPE (2017-2023) VALUE USD BILLION 76

TABLE 58 THAILAND. CRAFT BEER MARKET, RAW MATERIALS (2010-2016) VALUE USD BILLION 76

TABLE 59 THAILAND. CRAFT BEER MARKET, BY RAW MATERIALS (2017-2023) VALUE USD BILLION 77

TABLE 60 JAPAN. CRAFT BEER MARKET, BY TYPE(2010-2016) VALUE USD BILLION 77

TABLE 61 JAPAN. CRAFT BEER MARKET, BY TYPE (2017-2023) VALUE USD BILLION 78

TABLE 62 JAPAN CRAFT BEER MARKET, RAW MATERIALS (2010-2016) VALUE USD BILLION 78

TABLE 63 JAPAN CRAFT BEER MARKET, BY RAW MATERIALS (2017-2023) VALUE USD BILLION 79

TABLE 64 REST OF APAC. CRAFT BEER MARKET, BY TYPE(2010-2016) VALUE USD BILLION 79

TABLE 65 REST OF APAC. CRAFT BEER MARKET, BY TYPE (2017-2023) VALUE USD BILLION 80

TABLE 66 REST OF APAC. CRAFT BEER MARKET, RAW MATERIALS (2010-2016) VALUE USD BILLION 80

TABLE 67 REST OF APAC. CRAFT BEER MARKET, BY RAW MATERIALS (2017-2023) VALUE USD BILLION 81

TABLE 68 ROW CRAFT BEER MARKET, (2010-2016) VALUE USD BILLION 82

TABLE 69 ROW CRAFT BEER MARKET, (2017-2023) VALUE USD BILLION 83

TABLE 70 LATIN AMERICA CRAFT BEER MARKET, BY TYPE(2010-2016) VALUE USD BILLION 83

TABLE 71 LATIN AMERICA. CRAFT BEER MARKET, BY TYPE (2017-2023) VALUE USD BILLION 84

TABLE 72 LATIN AMERICA. CRAFT BEER MARKET, RAW MATERIALS (2010-2016) VALUE USD BILLION 84

TABLE 73 LATIN AMERICA. CRAFT BEER MARKET, BY RAW MATERIALS (2017-2023) VALUE USD BILLION 85

TABLE 74 MIDDLE EAST CRAFT BEER MARKET, BY TYPE(2010-2016) VALUE USD BILLION 85

TABLE 75 MIDDLE EAST CRAFT BEER MARKET, BY TYPE (2017-2023) VALUE USD BILLION 86

TABLE 76 MIDDLE EAST CRAFT BEER MARKET, RAW MATERIALS (2010-2016) VALUE USD BILLION 86

TABLE 77 MIDDLE EAST CRAFT BEER MARKET, BY RAW MATERIALS (2017-2023) VALUE USD BILLION 87

TABLE 78 OTHER CRAFT BEER MARKET, BY TYPE(2010-2016) VALUE USD BILLION 87

TABLE 79 OTHER. CRAFT BEER MARKET, BY TYPE (2017-2023) VALUE USD BILLION 88

TABLE 80 OTHER. CRAFT BEER MARKET, RAW MATERIALS (2010-2016) VALUE USD BILLION 88

TABLE 81 OTHER. CRAFT BEER MARKET, BY RAW MATERIALS (2017-2023) VALUE USD BILLION 89

TABLE 82 GLOBAL CRAFT BEER MARKET, BY TYPE(2010-2016) VALUE USD BILLION 90

TABLE 83 GLOBAL CRAFT BEER MARKET, BY TYPE (2017-2023) VALUE USD BILLION 91

TABLE 84 GLOBAL CRAFT BEER MARKET, BY ALE CRAFT BEER (2010-2016) VALUE USD BILLION 91

TABLE 85 GLOBAL CRAFT BEER MARKET, BY ALE CRAFT BEER (2017-2023) VALUE USD BILLION 92

TABLE 86 GLOBAL CRAFT BEER MARKET, BY LAGER CRAFT BEER (2010-2016) VALUE USD BILLION 92

TABLE 87 GLOBAL CRAFT BEER MARKET, BY LAGER CRAFT BEER (2017-2023) VALUE USD BILLION 93

TABLE 88 GLOBAL CRAFT BEER MARKET, BY STOUTS & PORTERS CRAFT BEER (2010-2016) VALUE USD BILLION 93

TABLE 89 GLOBAL CRAFT BEER MARKET, BY STOUTS & PORTERS CRAFT BEER (2017-2023) VALUE USD BILLION 94

TABLE 90 GLOBAL CRAFT BEER MARKET, BY RAW MATERIAL (2010-2016) VALUE USD BILLION 95

TABLE 91 GLOBAL CRAFT BEER MARKET, BY RAW MATERIAL (2017-2023) VALUE USD BILLION 96

TABLE 92 GLOBAL CRAFT BEER MARKET, BY MALT (2010-2016) VALUE USD BILLION 96

TABLE 93 GLOBAL CRAFT BEER MARKET, BY MALT (2017-2023) VALUE USD BILLION 97

TABLE 94 GLOBAL CRAFT BEER MARKET, BY YEAST (2010-2016) VALUE USD BILLION 97

TABLE 95 GLOBAL CRAFT BEER MARKET, BY YEAST (2017-2023) VALUE USD BILLION 98

TABLE 96 GLOBAL CRAFT BEER MARKET, BY ENZYMES (2010-2016) VALUE USD BILLION 98

TABLE 97 GLOBAL CRAFT BEER MARKET, BY ENZYMES (2017-2023) VALUE USD BILLION 99

TABLE 98 GLOBAL CRAFT BEER MARKET, BY HOPS (2010-2016) VALUE USD BILLION 99

TABLE 99 GLOBAL CRAFT BEER MARKET, BY HOPS (2017-2023) VALUE USD BILLION 100

TABLE 100 GLOBAL CRAFT BEER MARKET, BY OTHERS (2010-2016) VALUE USD BILLION 100

TABLE 101 GLOBAL CRAFT BEER MARKET, BY OTHERS (2017-2023) VALUE USD BILLION 101

TABLE 102 PRODUCT OVERVIEW 105

TABLE 103 KEY DEVELOPMENT 105

TABLE 104 PRODUCT OVERVIEW 108

TABLE 105 PRODUCT OVERVIEW 108

TABLE 106 PRODUCT OVERVIEW 111

TABLE 107 PRODUCT OVERVIEW 111

TABLE 108 PRODUCT OVERVIEW 114

TABLE 109 KEY DEVELOPMENTS 114

TABLE 110 PRODUCT OVERVIEW 117

TABLE 111 PRODUCT OVERVIEW 119

TABLE 112 PRODUCT OVERVIEW 121

TABLE 113 KEY DVELOPMENTS 122

FIGURE 1 RESEARCH PROCESS OF MRFR 18

FIGURE 2 PRIMARY RESEARCH PROCESS 19

FIGURE 3 SECONDARY RESEARCH PROCESS: TOP DOWN & BOTTOM UP APPROACH 20

FIGURE 4 FORECAST MODEL 21

FIGURE 5 MARKET SEGMENTATION: GLOBAL CRAFT BEER MARKET 23

FIGURE 6 PRODUCT LIFECYLE: GLOBAL CRAFT BEER MARKET 24

FIGURE 7 PRODUCT LIFECYLE: GLOBAL CRAFT BEER MARKET, BY REGION 25

FIGURE 8 DRIVERS & RESTRAINTS IMPACT ANALYSIS OF CRAFT BEER 26

FIGURE 9 TOP TEN EXPORTING COUNTRIES OF BEER- UNITS USD 1000 34

FIGURE 10 TOP TEN IMPORTING COUNTRIES OF BEER- UNITS USD 1000 35

FIGURE 11 VALUE CHAIN ANALYSIS OF GLOBAL CRAFT BEER MARKET 41

FIGURE 12 SUPPLY CHAIN ANALYSIS OF GLOBAL CRAFT BEER MARKET 43

FIGURE 13 PORTER'S 5 FORCES ANALYSIS OF GLOBAL CRAFT BEER MARKET 44

FIGURE 14 GLOBAL CRAFT BEER MARKET ANALYSIS 48

FIGURE 15 GLOBAL CRAFT BEER MARKET, BY VALUE USD BILLION 49

FIGURE 16 GLOBAL CRAFT BEER, BY PACKAGING TYPE 90

FIGURE 17 GLOBAL CRAFT BEER MARKET,BY RAW MATERIAL 95

FIGURE 18 GLOBAL CRAFT BEER MARKET:MAJOR PLAYER MARKET DEVELOPMENT SHARE 2012-2017 102

FIGURE 19 GLOBAL CRAFT BEER MARKET:STRATEGY ANALYSIS 103

FIGURE 20 THE BOSTON BEER COMPANY, INC.: SNAPSHOT 104

FIGURE 21 THE BOSTON BEER COMPANY, INC. : SWOT ANALYSIS 106

FIGURE 22 D.G. YUENGLING & SONS, INC.: COMPANY SNAPSHOT 107

FIGURE 23 D.G. YUENGLING & SONS, INC. : SWOT 109

FIGURE 24 NEW BELGIUM CRAFT BREWERY SNAPSHOT 110

FIGURE 25 NEW BELGIUM CRAFT BREWERY SWOT ANALYSIS 112

FIGURE 26 DESCHUTES BREWERY : COMPANY SNAPSHOT 113

FIGURE 27 DESCHUTES BREWERY : SWOT ANALYSIS 115

FIGURE 28 BELL'S BREWERY INC.:SNAPSHOT 116

FIGURE 29 DUVEL MOORTGAT BREWERY:SNAPSHOT 118

FIGURE 30 SWEETWATER BREWERY: COMPANY SNAPSHOT 120