Craft Beer Size, Share, Growth, Demand, Emerging Trends and Forecast by 2029
Craft Beer business report is very useful in identifying brand awareness, market landscape, possible future issues, industry trends and customer behavior with which superior business strategies can be set. This report makes available an actionable market insight to the clients with which they can make out the sustainable and profitable business strategies. The market report provides key statistics on the market status of Global and Regional manufacturers and hence works as an important source of guidance for companies and individuals interested in the industry. Moreover, the requisites of Craft Beer industry have been understood at the fullest to endow them with the premium Craft Beer market research report.
The significant Craft Beer market report estimates the market status, market share, growth rate, future trends, market drivers, opportunities and challenges, risks and entry barriers, sales channels, distributors and Porter's Five Forces Analysis. In this era of globalization, many businesses call for global market research to support decision making. Market research reports help business or organization in every sphere of trade to take better decisions, to respond the toughest business questions and reduce the risk of failure. It gives details about market drivers and market restraints which can help businesses in guessing about reducing or increasing the production of particular product.
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Data Bridge Market Research analyses that the craft beer market was valued at USD 2.47 billion in 2021 and is expected to reach the value of USD 5.02 billion by 2029, at a CAGR of 12.3% during the forecast period of 2022-2029. The craft beer market report examines the current growth, which is being driven by the changing trend of gifting craft beers on special occasions.
Craft beer is essentially traditional beer made in small breweries. It is high in silicon, antioxidants, protein, and vitamin B complex, and thus provides numerous health benefits. Ales, lagers, specialty beers, and other types of craft beer are among the most popular.
Some of the major players operating in the craft beer market are:
Davide Campari-Milano N.V. (Netherlands)
Diageo PLC (UK)
Halewood International Limited (UK)
Asahi Group Holdings, Ltd. (Japan)
Accolade Wines (Australia)
Bacardi Limited (Bermuda)
Mike's Hard Lemonade Co. (US)
Castel Group (France)
Suntory Holdings Limited (Japan)
Anheuser-Busch InBev SA/NV (Belgium)
The Brown-Forman Corporation (US)
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Global Craft Beer Market Scope
The craft beer market is segmented on the basis of product type, distribution channel and age group. The growth amongst these segments will help you analyze meagre growth segments in the industries and provide the users with a valuable market overview and market insights to help them make strategic decisions for identifying core market applications.
Product Type
Ale
Lagers
Specialty beers
Others
Distribution channel
On-trade
Off-trade
Age group
21-35 years old
40-54 years old
55 years and above
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