Craft Beer Market by Product and Geography - Forecast and Analysis 2021-2025
- Published: Sep 2021
- Pages: 120
- SKU: IRTNTR40946
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The craft beer market has the potential to grow by USD 65.09 billion during 2021-2025, and the market’s growth momentum will accelerate at a CAGR of 11.24%.
This craft beer market research report provides valuable insights on the post COVID-19 impact on the market, which will help companies evaluate their business approaches. Furthermore, this report extensively covers market segmentation by product (India pale ale, seasonal craft beer, pale ale, amber ale, and other craft beer) and geography (North America, Europe, APAC, South America, and MEA). The craft beer market report also offers information on several market vendors, including Anheuser-Busch InBev SA/NV, Asahi Group Holdings Ltd., Carlsberg Breweries AS, D.G. Yuengling & Son Inc., Diageo Plc, Duvel Moortgat NV, Heineken NV, Kirin Holdings Company Ltd., New Belgium Brewing Co., and The Boston Beer Co. Inc. among others.
What will the Craft Beer Market Size be in 2021?
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Craft Beer Market: Key Drivers and Trends
The increasing popularity of craft beer in developing countries is notably driving the craft beer market growth, although factors such as the high price of craft beer may impede market growth. Our research analysts have studied the historical data and deduced the key market drivers and the COVID-19 pandemic impact on the craft beer industry. The holistic analysis of the drivers will help in deducing end goals and refining marketing strategies to gain a competitive edge.
This craft beer market analysis report also provides detailed information on other upcoming trends and challenges that will have a far-reaching effect on the market growth. The actionable insights on the trends and challenges will help companies evaluate and develop growth strategies for 2021-2025.
Who are the Major Craft Beer Market Vendors?
The report analyzes the market’s competitive landscape and offers information on several market vendors, including:
- Anheuser-Busch InBev SA/NV
- Asahi Group Holdings Ltd.
- Carlsberg Breweries AS
- D.G. Yuengling & Son Inc.
- Diageo Plc
- Duvel Moortgat NV
- Heineken NV
- Kirin Holdings Company Ltd.
- New Belgium Brewing Co.
- The Boston Beer Co. Inc.
This statistical study of the craft beer market encompasses successful business strategies deployed by the key vendors. The craft beer market is fragmented and the vendors are deploying various organic and inorganic growth strategies to compete in the market.
To make the most of the opportunities and recover from post COVID-19 impact, market vendors should focus more on the growth prospects in the fast-growing segments, while maintaining their positions in the slow-growing segments.
The craft beer market forecast report offers in-depth insights into key vendor profiles. The profiles include information on the production, sustainability, and prospects of the leading companies.
Which are the Key Regions for Craft Beer Market?
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36% of the market’s growth will originate from North America during the forecast period. The US and Canada are the key markets for craft beer in North America. Market growth in this region will be faster than the growth of the market in Europe and MEA.
The rising number of microbreweries will facilitate the craft beer market growth in North America over the forecast period. This market research report entails detailed information on the competitive intelligence, marketing gaps, and regional opportunities in store for vendors, which will assist in creating efficient business plans.
What are the Revenue-generating Product Segments in the Craft Beer Market?
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The craft beer market share growth by the India pale ale (IPA) segment will be significant during the forecast period. Currently, IPA is the most preferred variant of craft beer among consumers worldwide, as it is available in various exotic flavors and has a characteristically bitter taste due to regular hops. The increasing popularity of IPA among millennial consumers will help in the growth of this product segment during the forecast period.
This report provides an accurate prediction of the contribution of all the segments to the growth of the craft beer market size and actionable market insights on post COVID-19 impact on each segment.
What are the Key Factors Covered in this Craft Beer Market Report?
- CAGR of the market during the forecast period 2021-2025
- Detailed information on factors that will drive craft beer market growth during the next five years
- Precise estimation of the craft beer market size and its contribution to the parent market
- Accurate predictions on upcoming trends and changes in consumer behavior
- The growth of the craft beer industry across North America, Europe, APAC, South America, and MEA
- A thorough analysis of the market’s competitive landscape and detailed information on vendors
- Comprehensive details of factors that will challenge the growth of craft beer market vendors
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Technavio presents a detailed picture of the market by way of study, synthesis, and summation of data from multiple sources. The analysts have presented the various facets of the market with a particular focus on identifying the key industry influencers. The data thus presented is comprehensive, reliable, and the result of extensive research, both primary and secondary.
- Market size and forecast
- Market segmentation
- Geographical insights
- Competitive landscape
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Frequently Asked Questions?
- New product launch
- Rising population of millennial worldwide
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