Sales of Craft Beer Market Is Expected to Project a Global Valuation of US$ 174.68 Billion By 2032
The market for craft beer was predicted to be worth US$ 76.3 billion in 2020 and US$ 81.64 billion in 2021. During the projected period of 2022–2032, the market is expected to see a consistent CAGR rate of 6.9%. This market is predicted to have a global valuation of US$ 174.68 Bn by the end of 2032. Up to 2033, craft beer is anticipated to dominate the expanding market. The success of craft beer in America is partly due to the abundance of independent microbreweries and the vast quantities of beer these brewers produce.
The offer in this section includes a variety of opportunities, such as the ability to manufacture goods and provide retail, wholesale, and exhibiting services. There have been extensive rounds of both necessary and voluntary exploration. utilized by the examiners at Fact.MR to show up at different assessments and projections for the Demand of the Craft Beer Market at worldwide and provincial levels.
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Market Players: –
- Anheuser-Busch InBev SA/NV
- Heineken Holding N.V
- Boston Beer Company Inc.
- Molson Coors Brewing Co.
- Duvel Moortgat NV
- FIFCO USA
- Bells Brewery Inc.
- D.G Yuengling & Sons Inc.
- Sierra Nevada Brewing Co.
- Stone Brewing Co.
- New Belgium Brewing Company
- MillerCoors LLC
- Mark Anthony Brands Inc.
- Alaskan Brewing Company
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Key Segments Covered in the Craft Beer Industry Survey
- By Product
- Brown Ale
- Pale Ale
- Porter
- Stout
- Pale Lager
- Pilsner
- Marzens
- Bocks
- Other
- By Brewer
- American Sour
- Non-Alcoholic
- Belgian Fruit Lambic
- Flanders Red Ale
- Belgian Gueuze
- Sales Channel
- Microbreweries
- Brewpubs
- Contract Brewing Companies
- Independent Regional Craft Brewing Companies
Competitive Landscape
Strategic collaborations enable manufacturers to increase production and meet consumer demand, which will increase revenue and market share. The advent of new products and technologies will allow end-users to enjoy products that can be flavored by nature.
- On October 1st, 2020, AB InBev, one of the largest breweries in the world, completed the long-awaited acquisition of the Craft Brew Alliance. Further, AB InBev purchased the remaining 68.8% of shares with $220 million gaining full ownership over the firm.
- On August 12, 2021, Coca-Cola FEMSA, the Mexican Bottling company, confirmed its acquisition of the Brazilian beer brand Therezopolis to acquire the Brazilian Craft Beer market.
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How Fact.MR Assists in Making Strategic Moves?
The data provided in the Craft Beer Market report offers a comprehensive analysis of important industry trends. Industry players can use this data to strategize their potential business moves and gain remarkable revenues in the upcoming period.
The report covers the price trend analysis and value chain analysis along with an analysis of diverse offerings by market players. The main motive of this report is to assist enterprises to make data-driven decisions and strategize their business moves.
Increased consumption of craft ale has taken over the European market
Europe has been witnessing the growth of craft breweries over the last five years and the increasing growth of the active breweries in the European market can be regarded as the support of craft beer. Premium beers have been a major trend in Europe, thus the demand has also increased dramatically, supporting the market for craft beers in these regions.
Craft beer production has grown significantly in recent years as a result of a significant increase in craft ale consumption and this has led to a positive outlook on the future of craft beer. A revenue share of 41% is expected for the European craft beer industry.
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