A recent report published by Infinium Global Research on the craft beer market provides in-depth analysis of segments and sub-segments in the global as well as regional craft beer market. The study also highlights the impact of drivers, restraints, and macro indicators on the global and regional craft beer market over the short term as well as long term. The report is a comprehensive presentation of trends, forecast and dollar values of the global craft beer market. According to the report, the global craft beer market is projected to grow at a CAGR of 13.88% over the forecast period of 2019-2025.
Beer enthusiasts are finding for new and fresh products than the commercially available beers. Craft beer is a fresh alternative to the old commercially available beer. Craft beer is not pasteurized as the traditional beer, which gives it distinct colors, flavors, and texture that make it different from other beers. They are not as sharp tasting as the traditional beers as they contain low alcohol levels. Craft beers are brewed in small-sized breweries, producing small batches of beer in each cycle. As the brewers are exploring more craft beers, the market is evolving further.
The increasing number of micro-breweries is majorly driving the craft beer market. Beer enthusiasts, particularly in North America and Europe, are exploring the beers in small-sized breweries, creating new flavors in their backyard. Moreover, the rise in the consumer demand for low alcohol by volume (ABV) beer is expanding the growth of the Craft Beer market. The young beer consumers prefer low alcohol content in their beverages and want more subtle and sweet tasting beer. However, higher penetration of the traditional beers is the major restraining factor for the growth of the craft beer market. The craft beers are not available as the traditional beers. Nevertheless, increasing spending on beverages, particularly by young consumers, is expected to offer lucrative opportunities for the key players in the craft beer market.
Regionally, Europe held the highest market share, dominating the global craft beer market. The dominance of the Europe market attributed to the high consumption and high preference for flavored beers. Moreover, the higher spending capacity of the consumers is expected to boost the growth of the textile home décor market in this region. The Latin America and Asia-pacific region is projected to witness the highest growth rate in the global craft beer market owing to increased disposable income and growing alcoholic beverage industry.
The report on global craft beer market covers segments such as type, and distribution channel. On the basis of type, the sub-markets include ale, lager, porter, stout, pilsner, and other types. On the basis of distribution channel, the sub-markets include on-trade channels, and off-trade channels.
The report provides profiles of the companies in the market such as The Boston Beer Company, D.G. Yuengling and Son, Anheuser-Busch InBev, Heineken N.V., Stone & Wood Brewing Co., Bell's Brewery, Inc., The Lagunitas Brewing Company, New Belgium Brewing Company, Sierra Nevada Brewing Co., Chimay Beers and Cheeses, and Other Companies.
The report provides deep insights into the demand forecasts, market trends, and micro and macro indicators. In addition, this report provides insights into the factors that are driving and restraining the growth in this market. Moreover, The IGR-Growth Matrix analysis given in the report brings an insight into the investment areas that existing or new market players can consider. The report provides insights into the market using analytical tools such as Porter's five forces analysis and DRO analysis of craft beer market. Moreover, the study highlights current market trends and provides forecast from 2019-2025. We also have highlighted future trends in the market that will affect the demand during the forecast period. Moreover, the competitive analysis given in each regional market brings an insight into the market share of the leading players.