Craft Beer Market by Product, Method, Type, Distribution Channel, and Geography - Forecast and Analysis 2020-2024

  • Published: Apr 2020
  • Pages: 120
  • SKU: IRTNTR40946

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The craft beer market size has the potential to grow by USD 47.79 billion during 2020-2024, and the market’s growth momentum will accelerate at a CAGR of almost 13%. 

This report provides a detailed analysis of the market by product (India pale ale, seasonal craft beer, pale ale, amber ale, and other craft beers), method (blended method, online method, and traditional method), geography (APAC, Europe, MEA, North America, and South America), and key vendors. 

Market Overview

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Market Competitive Analysis

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.

The market is fragmented and the vendors are deploying growth strategies such as product launches to compete in the market. Click here to uncover other successful business strategies deployed by the vendors. 

The market players also significantly leverage external market drivers such as new product launches to achieve growth opportunities. To make the most of the opportunities and recover from post COVID19 impact, market vendors should focus more on the growth prospects in the fast-growing segments, while maintaining their positions in the slow-growing segments.

Download a free sample of the craft beer market forecast report for insights on complete key vendor profiles. The profiles include information on the production, sustainability, and prospects of the leading companies, 

This craft beer market analysis report also provides detailed information on the upcoming trends and challenges that will influence market growth. This will help companies create strategies to make the most of future growth opportunities. Grab your Free Sample now to unlock further information on other key market drivers

Craft Beer Market: Segmentation by Geography

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51% of the market’s growth will originate from North America during the forecast period. The US is one of the key markets for craft beer in North America. However, market growth in this region will be slower than the growth of the market in APAC and South America.

The rising population of millennials worldwide will facilitate the freight brokerage market growth in North America over the forecast period. To garner further competitive intelligence and regional opportunities in store for vendors, view our sample report.

Craft Beer Market: Key Highlights of the Report for 2020-2024

  • CAGR of the market during the forecast period 2020-2024
  • 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 market industry across APAC, Europe, MEA, North America, and South America
  • 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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Research Framework

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.

INFORMATION SOURCES

Primary sources

  • Manufacturers and suppliers
  • Channel partners
  • Industry experts
  • Strategic decision makers

Secondary sources

  • Industry journals and periodicals
  • Government data
  • Financial reports of key industry players
  • Historical data
  • Press releases

DATA ANALYSIS

Data Synthesis

  • Collation of data
  • Estimation of key figures
  • Analysis of derived insights

Data Validation

  • Triangulation with data models
  • Reference against proprietary databases
  • Corroboration with industry experts

REPORT WRITING

Qualitative

  • Market drivers
  • Market challenges
  • Market trends
  • Five forces analysis

Quantitative

  • Market size and forecast
  • Market segmentation
  • Geographical insights
  • Competitive landscape
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The craft beer market growth will increase by $47.79 billion during 2019-2024.
The craft beer market is expected to grow at a CAGR of 12.60% during 2019-2024.
Technavio has segmented the craft beer market by product (India pale ale, Seasonal craft beer, Pale ale, Amber ale, and Other craft beer) ,type (Dog food, Cat food, and Other small pet food) , and geographic (North America, Europe, APAC, and South America).
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. are a few of the key vendors in the craft beer market.
North America will register the highest growth rate of 53.11% among the other regions. Therefore, the craft beer market in North America is expected to garner significant business opportunities for the vendors during the forecast period.
The key factors driving the craft beer market growth are:
  • New product launch
  • Rising population of millennial worldwide
The craft beer market vendors should focus on grabbing business opportunities from the india pale ale segment as it accounted for the largest market share in the base year.

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