San Francisco, 22 February 2019: The Report 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 Research Report of Craft Beer Market@ www.grandviewresearch.com/industry-analysis/craft-beer-market
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
·
Europe
·
Asia Pacific
·
Central & South America
·
Middle East & Africa
Access Press Release of
Craft Beer Market@ www.grandviewresearch.com/press-release/global-craft-beer-market
About Grand View Research
Grand View Research, Inc. is a
U.S. based market research and consulting company, registered in the State of California
and headquartered in San Francisco. The company provides syndicated
research reports, customized research reports, and consulting services. To help
clients make informed business decisions, we offer market intelligence studies
ensuring relevant and fact-based research across a range of industries, from
technology to chemicals, materials and healthcare.
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