The craft beer market In the projection period of 2022 to 2028, the market is expected to increase. According to Zion Market Research, the craft beer market would grow at a CAGR of 12.3 percent over the forecast period.

Traditional beers made in small breweries are known as craft beer. It has a lot of silicon, antioxidants, protein, and vitamin B complex, thus it’s good for your health. Ales, lagers, speciality beers, and other forms of craft beer are among the most popular.

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The expanding popularity of organic alcoholic beverages, as well as the growing millennial demographic, are driving the craft beer market forward. Other major aspects serving as craft beer market growth determinants in the projected period of 2022 to 2028 are rising disposable income, an increase in the number of female drinkers, and increased social media marketing. The market’s overall growth has been slowed by changing customer lifestyles and preferences. Furthermore, the market’s overall expansion is expected to be accelerated by increased urbanisation and a growing population. In the projection period of 2022 to 2028, however, variation in the cost of raw materials is expected to stifle the market’s expansion. Furthermore, the high cost of craft beer will limit the market’s total growth during the projection period.

Furthermore, in the forecast period of 2022 to 2028, the rise in spending capacity is one of the main variables that would produce numerous profitable chances for the craft beer market. On the other hand, high excise duties may represent a significant obstacle to the market’s growth rate during the projection period.

This craft beer market report details recent developments, trade regulations, import export analysis, production analysis, value chain optimization, market share, impact of domestic and localised market players, analyses opportunities in terms of emerging revenue pockets, changes in market regulations, strategic market growth analysis, market size, category market growths, application niches and dominance, product approvals, product launches, geographic emphases, and market share. To learn more about the craft beer industry, request an Analyst Brief from Zion Market Research. Our team will assist you in making an informed market choice to achieve market growth.

Market Size and Scope of the Global Craft Beer Industry

The craft beer industry is divided into two categories: product type and application. The expansion of segments allows you to study specific pockets of growth and market approaches, as well as establish your main application areas and target market differences.

On the basis of product type, the craft beer market is segmented into ale, lagers, specialty beers and others.

The application segment of the craft beer market is Online, Offline.

Craft Beer Market Country Level Analysis

As said above, the craft beer market is analysed and market size, volume information is supplied by product type and application.

In North America, the United States, Canada, and Mexico are covered; in Europe, Germany, Sweden, Poland, Denmark, Italy, the United Kingdom, France, Spain, the Netherlands, Belgium, Switzerland, Turkey, Russia, and the Rest of Europe are covered; and in Asia, Japan, China, India, South Korea, New Zealand, Vietnam, Australia, Singapore, Malaysia, Thailand, Indonesia, and the Philippines are covered. Rest of Asia-Pacific (APAC) in Asia-Pacific (APAC), Brazil, Argentina, Rest of South America in South America, UAE, Saudi Arabia, Oman, Qatar, Kuwait, South Africa, Rest of Middle East and Africa (MEA) in Middle East and Africa, Rest of Asia-Pacific (APAC) in Asia-Pacific (APAC), Rest of Asia-Pacific (APAC) in Asia-Pacific (APAC), Rest of Asia-Pacific (APAC) in Asia-Pacific (APAC), Rest of (MEA).

Craft Beer Market Share Analysis and Competitive Landscape

The competitive landscape for the craft beer market breaks down information by competitor. Company overview, financials, revenue generated, market potential, investment in R&D, new market initiatives, global presence, production sites and facilities, production capacities, company strengths and weaknesses, product launch, product width and breadth, and application dominance are among the details included. The information presented above is only about the companies’ concentration on the craft beer market.

The following are some of the top players in the craft beer market report: Anheuser-Busch Companies LLC, , Constellation Brands, Inc., Heineken N.V., The Gambrinus Company., Stone & Wood Brewing Co., Sierra Nevada Brewing Company., UNITED BREWERIES LTD, Salt Lake Brewing Co., L.C., Diageo, BrewDog, Athletic Brewing Company, and Uiltje Craft Beer among others.

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Recent Happenings

• AB InBev, one of the world’s major breweries, will complete the long-awaited acquisition of the Craft Brew Alliance in October 2020. In addition, AB InBev paid $220 million for the remaining 68.8% of the company’s stock, giving them complete control.
• Coca-Cola FEMSA, a Mexican bottling business, confirmed the acquisition of the Brazilian beer brand Therezopolis on August 12, 2021, in order to get access to the Brazilian Craft Beer industry.
• B9 Beverages Pvt. Ltd., under the brand Bira91, announced plans to produce limited edition craft beers in various flavours in India in April 2021, in response to the increased demand for bold and exquisite flavours.

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