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Craft Beer Market: Global Industry Trends, Share, Size, Growth, Opportunity and Forecast 2023-2028

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    Report

  • 157 Pages
  • March 2023
  • Region: Global
  • IMARC Group
  • ID: 5769158
The global craft beer market size reached US$ 117.1 Billion in 2022. Looking forward, the publisher expects the market to reach US$ 221.5 Billion by 2028 exhibiting a CAGR of 11.21% during 2022-2028.

Craft beer refers to a type of alcoholic beverage produced in a traditional or non-mechanized way by a small, independent microbrewery. Some commonly consumed craft beer varieties include lagers, ales, wheat beers, wild/sour beers, stouts, hybrid, and other specialty beers. It is a rich source of silicon, antioxidants, protein, and vitamin B complex and, thus, offers several health benefits. It also has a richer and more distinct taste than the mass-produced beer manufactured by large breweries. In recent years, craft beer has gained traction across the globe as it is manufactured using natural ingredients and has a higher alcohol by volume (ABV) content and lower cost.

Craft Beer Market Trends:

The escalating demand for low-alcohol beverages and the rising number of health-conscious consumers represent the primary factors driving the market growth. Besides this, the growing number of restaurants, lounges, bars, and pubs serving alcoholic beverages due to the increasing socialization trends is another major growth-inducing factor. Additionally, there has been a significant shift toward low ABV beers and ciders due to the rising awareness regarding alcohol unit consumption among the masses. Along with this, consumers, especially the young population, are now willing to try out new beverages, which is catalyzing the product demand. As a result, several key players are introducing a wider choice of flavors, such as sweet and sour, spicy, honey-like, and fruity, with enhanced taste to attract more consumers and expand their product portfolio. Moreover, the incorporation of go-green technology and innovative methods into the craft beer manufacturing process to minimize water usage and wastage is propelling the market growth. Other factors, including the rising popularity of non-alcoholic craft beer, ongoing research and development (R&D) activities, and changing consumption patterns, are also creating a positive outlook for the market.

Key Market Segmentation:

The publisher provides an analysis of the key trends in each sub-segment of the global craft beer market report, along with forecasts at the global, regional and country level from 2023-2028. Our report has categorized the market based on product type, age group and distribution channel.

Breakup by Product Type:

  • Ales
  • Lagers
  • Others

Breakup by Age Group:

21-35 Years Old
40-54 Years Old
55 Years and Above

Breakup by Distribution Channel:

  • On-Trade
  • Off-Trade

Breakup by Region:

  • North America
  • United States
  • Canada
  • Asia-Pacific
  • China
  • Japan
  • India
  • South Korea
  • Australia
  • Indonesia
  • Others
  • Europe
  • Germany
  • France
  • United Kingdom
  • Italy
  • Spain
  • Russia
  • Others
  • Latin America
  • Brazil
  • Mexico
  • Others
  • Middle East and Africa

Competitive Landscape:

The competitive landscape of the industry has also been examined along with the profiles of the key players being Anheuser-Busch InBev SA/NV, Bell's Brewery Inc., Constellation Brands Inc., D.G. Yuengling & Son Inc., Diageo Plc, Duvel Moortgat, Heineken NV, New Belgium Brewing Company Inc., Oskar Blues Brewery LLC, Sierra Nevada Brewing Co., Stone & Wood Brewing Co. (Lion Brewery Co) and The Boston Beer Company Inc.

Key Questions Answered in This Report

1. What was the size of the global craft beer market in 2022?
2. What is the expected growth rate of the global craft beer market during 2023-2028?
3. What are the key factors driving the global craft beer market?
4. What has been the impact of COVID-19 on the global craft beer market?
5. What is the breakup of the global craft beer market based on the product type?
6. What is the breakup of the global craft beer market based on the age group?
7. What is the breakup of the global craft beer market based on the distribution channel?
8. What are the key regions in the global craft beer market?
9. Who are the key players/companies in the global craft beer market?

Table of Contents

1 Preface
2 Scope and Methodology
2.1 Objectives of the Study
2.2 Stakeholders
2.3 Data Sources
2.3.1 Primary Sources
2.3.2 Secondary Sources
2.4 Market Estimation
2.4.1 Bottom-Up Approach
2.4.2 Top-Down Approach
2.5 Forecasting Methodology
3 Executive Summary
4 Introduction
4.1 Overview
4.2 Key Industry Trends
5 Global Craft Beer Market
5.1 Market Overview
5.2 Market Performance
5.3 Impact of COVID-19
5.4 Market Forecast
6 Market Breakup by Product Type
6.1 Ales
6.1.1 Market Trends
6.1.2 Market Forecast
6.2 Lagers
6.2.1 Market Trends
6.2.2 Market Forecast
6.3 Others
6.3.1 Market Trends
6.3.2 Market Forecast
7 Market Breakup by Age Group
7.1 21-35 Years Old
7.1.1 Market Trends
7.1.2 Market Forecast
7.2 40-54 Years Old
7.2.1 Market Trends
7.2.2 Market Forecast
7.3 55 Years and Above
7.3.1 Market Trends
7.3.2 Market Forecast
8 Market Breakup by Distribution Channel
8.1 On-Trade
8.1.1 Market Trends
8.1.2 Market Forecast
8.2 Off-Trade
8.2.1 Market Trends
8.2.2 Market Forecast
9 Market Breakup by Region
9.1 North America
9.1.1 United States
9.1.1.1 Market Trends
9.1.1.2 Market Forecast
9.1.2 Canada
9.1.2.1 Market Trends
9.1.2.2 Market Forecast
9.2 Asia-Pacific
9.2.1 China
9.2.1.1 Market Trends
9.2.1.2 Market Forecast
9.2.2 Japan
9.2.2.1 Market Trends
9.2.2.2 Market Forecast
9.2.3 India
9.2.3.1 Market Trends
9.2.3.2 Market Forecast
9.2.4 South Korea
9.2.4.1 Market Trends
9.2.4.2 Market Forecast
9.2.5 Australia
9.2.5.1 Market Trends
9.2.5.2 Market Forecast
9.2.6 Indonesia
9.2.6.1 Market Trends
9.2.6.2 Market Forecast
9.2.7 Others
9.2.7.1 Market Trends
9.2.7.2 Market Forecast
9.3 Europe
9.3.1 Germany
9.3.1.1 Market Trends
9.3.1.2 Market Forecast
9.3.2 France
9.3.2.1 Market Trends
9.3.2.2 Market Forecast
9.3.3 United Kingdom
9.3.3.1 Market Trends
9.3.3.2 Market Forecast
9.3.4 Italy
9.3.4.1 Market Trends
9.3.4.2 Market Forecast
9.3.5 Spain
9.3.5.1 Market Trends
9.3.5.2 Market Forecast
9.3.6 Russia
9.3.6.1 Market Trends
9.3.6.2 Market Forecast
9.3.7 Others
9.3.7.1 Market Trends
9.3.7.2 Market Forecast
9.4 Latin America
9.4.1 Brazil
9.4.1.1 Market Trends
9.4.1.2 Market Forecast
9.4.2 Mexico
9.4.2.1 Market Trends
9.4.2.2 Market Forecast
9.4.3 Others
9.4.3.1 Market Trends
9.4.3.2 Market Forecast
9.5 Middle East and Africa
9.5.1 Market Trends
9.5.2 Market Breakup by Country
9.5.3 Market Forecast
10 SWOT Analysis
10.1 Overview
10.2 Strengths
10.3 Weaknesses
10.4 Opportunities
10.5 Threats
11 Value Chain Analysis
12 Porters Five Forces Analysis
12.1 Overview
12.2 Bargaining Power of Buyers
12.3 Bargaining Power of Suppliers
12.4 Degree of Competition
12.5 Threat of New Entrants
12.6 Threat of Substitutes
13 Price Analysis
14 Competitive Landscape
14.1 Market Structure
14.2 Key Players
14.3 Profiles of Key Players
14.3.1 Anheuser-Busch InBev SA/NV
14.3.1.1 Company Overview
14.3.1.2 Product Portfolio
14.3.1.3 Financials
14.3.1.4 SWOT Analysis
14.3.2 Bell's Brewery Inc.
14.3.2.1 Company Overview
14.3.2.2 Product Portfolio
14.3.3 Constellation Brands Inc.
14.3.3.1 Company Overview
14.3.3.2 Product Portfolio
14.3.3.3 Financials
14.3.3.4 SWOT Analysis
14.3.4 D.G. Yuengling & Son Inc.
14.3.4.1 Company Overview
14.3.4.2 Product Portfolio
14.3.5 Diageo Plc
14.3.5.1 Company Overview
14.3.5.2 Product Portfolio
14.3.5.3 Financials
14.3.5.4 SWOT Analysis
14.3.6 Duvel Moortgat
14.3.6.1 Company Overview
14.3.6.2 Product Portfolio
14.3.7 Heineken NV
14.3.7.1 Company Overview
14.3.7.2 Product Portfolio
14.3.7.3 Financials
14.3.7.4 SWOT Analysis
14.3.8 New Belgium Brewing Company Inc.
14.3.8.1 Company Overview
14.3.8.2 Product Portfolio
14.3.9 Oskar Blues Brewery LLC
14.3.9.1 Company Overview
14.3.9.2 Product Portfolio
14.3.10 Sierra Nevada Brewing Co.
14.3.10.1 Company Overview
14.3.10.2 Product Portfolio
14.3.11 Stone & Wood Brewing Co. (Lion Brewery Co)
14.3.11.1 Company Overview
14.3.11.2 Product Portfolio
14.3.12 The Boston Beer Company Inc.
14.3.12.1 Company Overview
14.3.12.2 Product Portfolio
14.3.12.3 Financials
14.3.12.4 SWOT Analysis
List of Figures
Figure 1: Global: Craft Beer Market: Major Drivers and Challenges
Figure 2: Global: Craft Beer Market: Sales Value (in Billion US$), 2017-2022
Figure 3: Global: Craft Beer Market Forecast: Sales Value (in Billion US$), 2023-2028
Figure 4: Global: Craft Beer Market: Breakup by Product Type (in %), 2022
Figure 5: Global: Craft Beer Market: Breakup by Age Group (in %), 2022
Figure 6: Global: Craft Beer Market: Breakup by Distribution Channel (in %), 2022
Figure 7: Global: Craft Beer Market: Breakup by Region (in %), 2022
Figure 8: Global: Craft Beer (Ales) Market: Sales Value (in Million US$), 2017 & 2022
Figure 9: Global: Craft Beer (Ales) Market Forecast: Sales Value (in Million US$), 2023-2028
Figure 10: Global: Craft Beer (Lagers) Market: Sales Value (in Million US$), 2017 & 2022
Figure 11: Global: Craft Beer (Lagers) Market Forecast: Sales Value (in Million US$), 2023-2028
Figure 12: Global: Craft Beer (Other Product Types) Market: Sales Value (in Million US$), 2017 & 2022
Figure 13: Global: Craft Beer (Other Product Types) Market Forecast: Sales Value (in Million US$), 2023-2028
Figure 14: Global: Craft Beer (21-35 Years Old) Market: Sales Value (in Million US$), 2017 & 2022
Figure 15: Global: Craft Beer (21-35 Years Old) Market Forecast: Sales Value (in Million US$), 2023-2028
Figure 16: Global: Craft Beer (40-54 Years Old) Market: Sales Value (in Million US$), 2017 & 2022
Figure 17: Global: Craft Beer (40-54 Years Old) Market Forecast: Sales Value (in Million US$), 2023-2028
Figure 18: Global: Craft Beer (55 Years and Above) Market: Sales Value (in Million US$), 2017 & 2022
Figure 19: Global: Craft Beer (55 Years and Above) Market Forecast: Sales Value (in Million US$), 2023-2028
Figure 20: Global: Craft Beer (On-Trade) Market: Sales Value (in Million US$), 2017 & 2022
Figure 21: Global: Craft Beer (On-Trade) Market Forecast: Sales Value (in Million US$), 2023-2028
Figure 22: Global: Craft Beer (Off-Trade) Market: Sales Value (in Million US$), 2017 & 2022
Figure 23: Global: Craft Beer (Off-Trade) Market Forecast: Sales Value (in Million US$), 2023-2028
Figure 24: North America: Craft Beer Market: Sales Value (in Million US$), 2017 & 2022
Figure 25: North America: Craft Beer Market Forecast: Sales Value (in Million US$), 2023-2028
Figure 26: United States: Craft Beer Market: Sales Value (in Million US$), 2017 & 2022
Figure 27: United States: Craft Beer Market Forecast: Sales Value (in Million US$), 2023-2028
Figure 28: Canada: Craft Beer Market: Sales Value (in Million US$), 2017 & 2022
Figure 29: Canada: Craft Beer Market Forecast: Sales Value (in Million US$), 2023-2028
Figure 30: Asia-Pacific: Craft Beer Market: Sales Value (in Million US$), 2017 & 2022
Figure 31: Asia-Pacific: Craft Beer Market Forecast: Sales Value (in Million US$), 2023-2028
Figure 32: China: Craft Beer Market: Sales Value (in Million US$), 2017 & 2022
Figure 33: China: Craft Beer Market Forecast: Sales Value (in Million US$), 2023-2028
Figure 34: Japan: Craft Beer Market: Sales Value (in Million US$), 2017 & 2022
Figure 35: Japan: Craft Beer Market Forecast: Sales Value (in Million US$), 2023-2028
Figure 36: India: Craft Beer Market: Sales Value (in Million US$), 2017 & 2022
Figure 37: India: Craft Beer Market Forecast: Sales Value (in Million US$), 2023-2028
Figure 38: South Korea: Craft Beer Market: Sales Value (in Million US$), 2017 & 2022
Figure 39: South Korea: Craft Beer Market Forecast: Sales Value (in Million US$), 2023-2028
Figure 40: Australia: Craft Beer Market: Sales Value (in Million US$), 2017 & 2022
Figure 41: Australia: Craft Beer Market Forecast: Sales Value (in Million US$), 2023-2028
Figure 42: Indonesia: Craft Beer Market: Sales Value (in Million US$), 2017 & 2022
Figure 43: Indonesia: Craft Beer Market Forecast: Sales Value (in Million US$), 2023-2028
Figure 44: Others: Craft Beer Market: Sales Value (in Million US$), 2017 & 2022
Figure 45: Others: Craft Beer Market Forecast: Sales Value (in Million US$), 2023-2028
Figure 46: Europe: Craft Beer Market: Sales Value (in Million US$), 2017 & 2022
Figure 47: Europe: Craft Beer Market Forecast: Sales Value (in Million US$), 2023-2028
Figure 48: Germany: Craft Beer Market: Sales Value (in Million US$), 2017 & 2022
Figure 49: Germany: Craft Beer Market Forecast: Sales Value (in Million US$), 2023-2028
Figure 50: France: Craft Beer Market: Sales Value (in Million US$), 2017 & 2022
Figure 51: France: Craft Beer Market Forecast: Sales Value (in Million US$), 2023-2028
Figure 52: United Kingdom: Craft Beer Market: Sales Value (in Million US$), 2017 & 2022
Figure 53: United Kingdom: Craft Beer Market Forecast: Sales Value (in Million US$), 2023-2028
Figure 54: Italy: Craft Beer Market: Sales Value (in Million US$), 2017 & 2022
Figure 55: Italy: Craft Beer Market Forecast: Sales Value (in Million US$), 2023-2028
Figure 56: Spain: Craft Beer Market: Sales Value (in Million US$), 2017 & 2022
Figure 57: Spain: Craft Beer Market Forecast: Sales Value (in Million US$), 2023-2028
Figure 58: Russia: Craft Beer Market: Sales Value (in Million US$), 2017 & 2022
Figure 59: Russia: Craft Beer Market Forecast: Sales Value (in Million US$), 2023-2028
Figure 60: Others: Craft Beer Market: Sales Value (in Million US$), 2017 & 2022
Figure 61: Others: Craft Beer Market Forecast: Sales Value (in Million US$), 2023-2028
Figure 62: Latin America: Craft Beer Market: Sales Value (in Million US$), 2017 & 2022
Figure 63: Latin America: Craft Beer Market Forecast: Sales Value (in Million US$), 2023-2028
Figure 64: Brazil: Craft Beer Market: Sales Value (in Million US$), 2017 & 2022
Figure 65: Brazil: Craft Beer Market Forecast: Sales Value (in Million US$), 2023-2028
Figure 66: Mexico: Craft Beer Market: Sales Value (in Million US$), 2017 & 2022
Figure 67: Mexico: Craft Beer Market Forecast: Sales Value (in Million US$), 2023-2028
Figure 68: Others: Craft Beer Market: Sales Value (in Million US$), 2017 & 2022
Figure 69: Others: Craft Beer Market Forecast: Sales Value (in Million US$), 2023-2028
Figure 70: Middle East and Africa: Craft Beer Market: Sales Value (in Million US$), 2017 & 2022
Figure 71: Middle East and Africa: Craft Beer Market: Breakup by Country (in %), 2022
Figure 72: Middle East and Africa: Craft Beer Market Forecast: Sales Value (in Million US$), 2023-2028
Figure 73: Global: Craft Beer Industry: SWOT Analysis
Figure 74: Global: Craft Beer Industry: Value Chain Analysis
Figure 75: Global: Craft Beer Industry: Porter's Five Forces Analysis
List of Tables
Table 1: Global: Craft Beer Market: Key Industry Highlights, 2022 and 2028
Table 2: Global: Craft Beer Market Forecast: Breakup by Product Type (in Million US$), 2023-2028
Table 3: Global: Craft Beer Market Forecast: Breakup by Age Group (in Million US$), 2023-2028
Table 4: Global: Craft Beer Market Forecast: Breakup by Distribution Channel (in Million US$), 2023-2028
Table 5: Global: Craft Beer Market Forecast: Breakup by Region (in Million US$), 2023-2028
Table 6: Global: Craft Beer Market: Competitive Structure
Table 7: Global: Craft Beer Market: Key Players

Companies Mentioned

  • Anheuser-Busch InBev SA/NV
  • Bell's Brewery Inc.
  • Constellation Brands Inc.
  • D.G. Yuengling & Son Inc.
  • Diageo Plc
  • Duvel Moortgat
  • Heineken NV
  • New Belgium Brewing Company Inc.
  • Oskar Blues Brewery LLC
  • Sierra Nevada Brewing Co.
  • Stone & Wood Brewing Co. (Lion Brewery Co)
  • The Boston Beer Company Inc.

Methodology

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Table Information