This study of the market provides an overview of the existing market trends, drivers, restrictions, and metrics and also offers a viewpoint for important segments. The report also tracks product and services demand growth forecasts for the industry. The report mentions growth parameters in the regional markets along with major players dominating the regional growth.
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The report offers detailed profile and data information analysis of the leading companies in the Craft Beer Market:
- D.G. Yuengling and Son Inc
- The Boston Beer Company, Inc.
- The Gambrinus Company
- Chimay Beers and Cheeses
- Stone & Wood Brewing Co
- Lagunitas Brewing Company
- New Belgium Brewing Company
- Carlsberg Group
- Diageo PLC
- Heineken N.V.
The key drivers of the Craft Beer Market are as follows:
The significant factors surging the growth of the global craft beer market include the growing youth population, the increasing number of on-premises distribution channels, rising disposable income, and shifting customer preference. Craft beer adoption acted as a drastic transformation in the beer industry. Additionally, the urban population consists of youth and working individuals who prefer to have high-quality beverages that have better flavors. Due to the rising disposable incomes, customers are willing to pay more instead of compromising for quality. Therefore, increasing disposable income and shifting customer preference are fuelling the growth of the craft beer market globally.
In past years, females were not much adaptive toward beers owing to its taste. Eventually, after the appearance of craft beers, young and trendy females have started adapting beer in their lifestyle owing to enhanced flavors and quality, which created various growth opportunities for the global craft beer market. On the other hand, higher taxation and excise duties on imported and local beers will hamper the growth of the market.
Based on the region, Asia-Pacific is expected to dominate the market during the forecast period due to the rapid urbanization, the strong demand for beer, and the rising disposable income of the people in the region. Moreover, leading players of the market are expanding their business in the region, which will further bolster the growth of the market.
The study objectives of this report are:
- To study and forecast the size of the market.
- To analyze the key players, SWOT analysis, value, and market share for the leading players.
- To define, describe, and forecast the market by different segments.
- To analyze the market potential and advantage, opportunity and challenge, restraints and risks.
Segmentation of the Craft Beer Market:
Breakup by Product:
Breakup by Distribution Channel:
Breakup by Age Group:
- 21–35 Years Old
- 40–54 Years Old
- 55 Years and Above
Breakup by Region:
- North America
o United States of America
- Asia Pacific
o Rest of APAC
o United Kingdom
o Rest of Europe
o South Africa
o Saudi Arabia
o Rest of the world (remaining countries of the LAMEA region)
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