San Francisco, 18
February, Craft Beer Market Analysis By Distribution
(On-trade, Off-trade), By Region (North America, Europe, Asia Pacific, Central
& South America, Middle East & Africa), By Country (U.S., Germany,
Australia, Japan), And Segment Forecasts, 2018 – 2025.
The global craft beer market is expected to reach USD
502.9 billion by 2025, according to a new report by Grand View Research, Inc.
The market is expected to witness substantial growth over the forecast period
on account of the rising demand for low alcohol by volume (ABV) and flavored
beer.
The government in countries
including Australia, New Zealand, Belgium, Mexico, China, and the UK are
promoting the production of craft beer and incorporation of new breweries on
account of the positive contribution of the industry towards economic
development and employment generation coupled with the willingness of the
consumer to pay extra for better tasting brews.
Australia, Belgium, Germany,
U.S. and New Zealand are the major craft beer producing countries with over 65%
of the overall production in terms of value as well as volume. Belgian is the
most preferred beer among the major craft beer consuming countries owing to the
premium quality, clean taste and rich flavor & aroma of the brews.
Furthermore, the number of
brewers in the global market is growing significantly on account of the rising
demand for the product. As a result, the demand for grains such as barley,
wheat, yeast, sugar, and hops is increasing substantially. However, the
alternative applications of the raw materials are expected to lower the
bargaining power of the brewers.
The demand for the pale ale,
IPA, and amber ale is growing as these three craft products are widely
preferred by the consumers owing to the balanced composition of the raw
materials in the product including malt, hops, water, and yeast.
Access Full Research
Report On craft beer market Analysis:
Further key findings from the report suggest:
·
On-trade distribution of craft
beer accounted for over 50% in 2015 of the overall volume share, which is
primarily attributed to the high consumption of the product in restaurants,
bars, and clubs in developed economies including UK, Australia, and Belgium.
·
Off-trade distribution of the
product is expected to witness significant growth in developing economies as
the consumer spending power in these countries is low with high price of the
product in on-trade distribution outlets as compared to its counterpart
·
Europe is expected to account
for the largest market share in terms of volume owing to the high consumer
preference for flavored beer over other alcoholic spirits. In addition,
increasing demand for IPA and pale ale in the region is expected to have a
positive impact on the market growth.
·
Middle East & Africa is
expected to grow at a CAGR of 28.9% owing to the increasing penetration in
South Africa. The growing consumer awareness about the wide range of flavors
and styles of the product is expected to be a crucial factor for market growth
in the country.
·
Key players in the industry
include The Boston Beer Company, The Gambrinus Company, D.G. Yuengling and Son,
Stone & Wood Brewing Co. and Chimay Beers and Cheeses. These major players
compete on the basis of acquiring new markets and increasing their product
portfolio.
Browse More Reports Of This Category By
Grand View Research At: www.grandviewresearch.com/industry/ready-to-eat-processed-and-frozen-foods
Grand View Research has segmented the craft
beer market on the basis of distribution and region:
Craft Beer Market Distribution
Outlook (Volume, Billion Liters; Revenue, USD Billion, 2014 - 2025)
·
On-trade
·
Off-trade
Craft Beer Market Region
Outlook (Volume, Billion Liters; Revenue, USD Billion, 2014 - 2025)
·
North America
o
U.S.
·
Europe
o
Germany
o
UK
·
Asia Pacific
o
Australia
o
China
o
India
o
Japan
o
New Zealand
·
Central & South America
o
Brazil
·
Middle East & Africa
o
South Africa
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Press Release of this Report:
https://www.grandviewresearch.com/press-release/global-craft-beer-market
https://www.grandviewresearch.com/press-release/global-craft-beer-market
About Grand
View Research
Grand View Research provides syndicated as well as customized research reports and consulting services on 46 industries across 25 major countries worldwide. This U.S.-based market research and consulting company is registered in California and headquartered in San Francisco. Comprising over 425 analysts and consultants, the company adds 1200+ market research reports to its extensive database each year. Supported by an interactive market intelligence platform, the team at Grand View Research guides Fortune 500 companies and prominent academic institutes in comprehending the global and regional business environment and carefully identifying future opportunities.
Grand View Research provides syndicated as well as customized research reports and consulting services on 46 industries across 25 major countries worldwide. This U.S.-based market research and consulting company is registered in California and headquartered in San Francisco. Comprising over 425 analysts and consultants, the company adds 1200+ market research reports to its extensive database each year. Supported by an interactive market intelligence platform, the team at Grand View Research guides Fortune 500 companies and prominent academic institutes in comprehending the global and regional business environment and carefully identifying future opportunities.
For more information: www.grandviewresearch.com/
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