Craft Beer Market Size, Share Global Analysis Report, 2020–2026

Industry Insights

[174+ Pages Report] According to the report published by Facts Factors, the global craft beer market size was worth around USD 110 million in 2019 and is predicted to grow to around USD 200 million by 2026 with a compound annual growth rate (CAGR) of roughly 8% between 2020 and 2026. The report analyzes the global craft beer market drivers, restraints/challenges, and the effect they have on the demands during the projection period. In addition, the report explores emerging opportunities in the craft beer# market.

This specialized and expertise oriented industry research report scrutinizes the technical and commercial business outlook of the Craft Beer industry. The report analyzes and declares the historical and current trends analysis of the Craft Beer industry and subsequently recommends the projected trends anticipated to be observed in the Craft Beer market during the upcoming years.

The craft beer market report analyzes and notifies the industry statistics at the global as well as regional and country levels in order to acquire a thorough perspective of the entire Craft Beer market. The historical and past insights are provided for FY 2016 to FY 2019 whereas projected trends are delivered for FY 2020 to FY 2026. The quantitative and numerical data is represented in terms of both volume (Kilo Tons) and value (USD Million) from FY 2016 – 2026.

The quantitative data is further underlined and reinforced by comprehensive qualitative data which comprises various across-the-board market dynamics. The rationales which directly or indirectly impact the Craft Beer industry are exemplified through parameters such as growth drivers, restraints, challenges, and opportunities among other impacting factors.

Key Insights from Primary Research

• According to the interview with industry participants, rise in consumer preference for low alcohol has driven the target market growth
• Growth in demand for more beer styles among individuals has enhanced the target market growth
• Target market generated revenue of around USD 110 Million in 2018
• Europe was the major revenue generator associated with the target market in 2018
• Ales and On-Trade distribution categories of type and distribution segments were the leading ones in 2018

Key Recommendations from Analysts

• As per our analyst, increase in development of pubs and clubs across the world has helped target market boosting the growth
• Target market is expected to generate revenue of around USD 200 Million in 2026
• Target market is estimated to grow at CAGR of around 8%
• Europe is projected to generate maximum revenue in 2026 owing to the high demand of craft beer in UK and Germany
• Ales and On-Trade distribution categories of type and distribution segments are expected to be the leading ones in 2026 as well

Revenue Share, by Distribution

Throughout our research report, we have encompassed all the proven models and tools of industry analysis and extensively illustrated all the key business strategies and business models adopted in the Craft Beer industry. The report provides an all-inclusive and detailed competitive landscape prevalent in the Craft Beer market.

The report utilizes established industry analysis tools and models such as Porter’s Five Forces framework to analyze and recognize critical business strategies adopted by various stakeholders involved in the entire value chain of the Craft Beer industry. The Craft Beer market report additionally employs SWOT analysis and PESTLE analysis models for further in-depth analysis.

The report study further includes an in-depth analysis of industry players' market shares and provides an overview of leading players' market position in the Craft Beer sector. Key strategic developments in the Craft Beer market competitive landscape such as acquisitions & mergers, inaugurations of different products and services, partnerships & joint ventures, MoU agreements, VC & funding activities, R&D activities, and geographic expansion among other noteworthy activities by key players of the Craft Beer market are appropriately highlighted in the report.

Changing lifestyle is one of the propelling factors of target market growth. In addition, the rising preference of individuals for low alcohol has also boosted the target market growth. Moreover, craft beer offers exotic flavor, this has enhanced the target market growth as well. Furthermore, the surge in demand for more beer styles has also developed the target market growth.

The rise in per capita income of individuals has been boosting the target market growth as well. Also, an increase in the development of clubs and pubs in developed as well as developing nations have enhanced the target market growth as well. However, the cost of craft beer is high as compared to other beers. This is anticipated to hamper the target market growth over the forecast period. Nevertheless, individuals are inclining towards traditional beers more nowadays; this may create growth opportunities over the forecast period.

The Craft Beer market research report delivers an acute valuation and taxonomy of the Craft Beer industry by practically splitting the market on the basis of different types, applications, and regions. Through the analysis of the historical and projected trends, all the segments and sub-segments were evaluated through the bottom-up approach, and different market sizes have been projected for FY 2020 to FY 2026.

Report Scope

The regional segmentation of the Craft Beer industry includes the complete classification of all the major continents including North America, Latin America, Europe, Asia Pacific, and Middle East & Africa. Further, country-wise data for the Craft Beer industry is provided for the leading economies of the world.

The Craft Beer market is segmented based on Type and Distribution. On the basis of type segmentation, the market is classified into ales, specialty beers, pilsners, and pale lagers, and others. In terms of Distribution segmentation, the market is bifurcated off-trade and on-trade.

Some of the essential players operating in the Craft Beer market, but not restricted to include

•  Bell's Brewery Inc.
•  The Boston Beer Company
•  Stone & Wood Brewing Co.
•  The Gambrinus Company
•  Anheuser-Busch InBev
•  New Belgium Brewing Company
•  Sierra Nevada
•  Sam Adams
•  D.G. Yuengling and Son
•  The Lagunitas Brewing Company

The taxonomy of the Craft Beer industry by its scope and segmentation is as follows:

By Type Segmentation Analysis

• Ales
• Specialty Beers
• Pilsners & Pale Lagers
• Others

By Distribution Segmentation Analysis

• Off-Trade
• On-Trade

By Regional Segmentation Analysis

• North America
  • The U.S.
  • Canada
• Europe
  • Germany
  • The UK
  • France
  • Spain
  • Italy
  • Rest of Europe
• Asia Pacific
  • China
  • Japan
  • India
  • South Korea
  • Southeast Asia
  • Rest of Asia Pacific
• Latin America
  • Brazil
  • Mexico
  • Rest of Latin America
• Middle East & Africa
  • GCC
  • South Africa
  • Rest of Middle East & Africa