{"product_id":"craft-beer-market-global-industry-trends-share-size-growth-opportunity-and-forecast-2023-2028","title":"Craft Beer Market: Global Industry Trends, Share, Size, Growth, Opportunity and Forecast 2023-2028","description":"\u003cp\u003eCraft Beer Market: Global Industry Trends, Share, Size, Growth, Opportunity and Forecast 2023-2028\u003c\/p\u003e\n\n\u003cp\u003eThe global craft beer market size reached US$ 117.1 Billion in 2022. Looking forward, IMARC Group expects the market to reach US$ 221.5 Billion by 2028 exhibiting a growth rate (CAGR) of 10.8% during 2023-2028.\u003c\/p\u003e\n\n\u003cp\u003eCraft beer refers to a type of alcoholic beverage produced in a traditional or non-mechanized way by a small, independent microbrewery. Some commonly consumed craft beer varieties include lagers, ales, wheat beers, wild\/sour beers, stouts, hybrid, and other specialty beers. It is a rich source of silicon, antioxidants, protein, and vitamin B complex and, thus, offers several health benefits. It also has a richer and more distinct taste than the mass-produced beer manufactured by large breweries. In recent years, craft beer has gained traction across the globe as it is manufactured using natural ingredients and has a higher alcohol by volume (ABV) content and lower cost.\u003c\/p\u003e\n\n\u003cp\u003eCraft Beer Market Trends:\u003cbr\u003e\nThe escalating demand for low-alcohol beverages and the rising number of health-conscious consumers represent the primary factors driving the market growth. Besides this, the growing number of restaurants, lounges, bars, and pubs serving alcoholic beverages due to the increasing socialization trends is another major growth-inducing factor. Additionally, there has been a significant shift toward low ABV beers and ciders due to the rising awareness regarding alcohol unit consumption among the masses. Along with this, consumers, especially the young population, are now willing to try out new beverages, which is catalyzing the product demand. As a result, several key players are introducing a wider choice of flavors, such as sweet and sour, spicy, honey-like, and fruity, with enhanced taste to attract more consumers and expand their product portfolio. Moreover, the incorporation of go-green technology and innovative methods into the craft beer manufacturing process to minimize water usage and wastage is propelling the market growth. Other factors, including the rising popularity of non-alcoholic craft beer, ongoing research and development (R\u0026amp;D) activities, and changing consumption patterns, are also creating a positive outlook for the market.\u003c\/p\u003e\n\n\u003cp\u003eKey Market Segmentation:\u003cbr\u003e\nIMARC Group provides an analysis of the key trends in each sub-segment of the global craft beer market report, along with forecasts at the global, regional and country level from 2023-2028. Our report has categorized the market based on product type, age group and distribution channel.\u003c\/p\u003e\n\n\u003cp\u003eBreakup by Product Type:\u003c\/p\u003e\n\n\u003cp\u003eAles\u003cbr\u003e\nLagers\u003cbr\u003e\nOthers\u003cbr\u003e\n \u003cbr\u003e\nBreakup by Age Group:\u003c\/p\u003e\n\n\u003cp\u003e21–35 Years Old\u003cbr\u003e\n40–54 Years Old\u003cbr\u003e\n55 Years and Above\u003cbr\u003e\n \u003cbr\u003e\nBreakup by Distribution Channel:\u003c\/p\u003e\n\n\u003cp\u003eOn-Trade\u003cbr\u003e\nOff-Trade\u003cbr\u003e\n \u003cbr\u003e\nBreakup by Region:\u003c\/p\u003e\n\n\u003cp\u003eNorth America\u003cbr\u003e\nUnited States\u003cbr\u003e\nCanada\u003cbr\u003e\nAsia-Pacific\u003cbr\u003e\nChina\u003cbr\u003e\nJapan\u003cbr\u003e\nIndia\u003cbr\u003e\nSouth Korea\u003cbr\u003e\nAustralia\u003cbr\u003e\nIndonesia\u003cbr\u003e\nOthers\u003cbr\u003e\nEurope\u003cbr\u003e\nGermany\u003cbr\u003e\nFrance\u003cbr\u003e\nUnited Kingdom\u003cbr\u003e\nItaly\u003cbr\u003e\nSpain\u003cbr\u003e\nRussia\u003cbr\u003e\nOthers\u003cbr\u003e\nLatin America\u003cbr\u003e\nBrazil\u003cbr\u003e\nMexico\u003cbr\u003e\nOthers\u003cbr\u003e\nMiddle East and Africa\u003cbr\u003e\n \u003cbr\u003e\nCompetitive Landscape:\u003cbr\u003e\nThe competitive landscape of the industry has also been examined along with the profiles of the key players being Anheuser-Busch InBev SA\/NV, Bell's Brewery Inc., Constellation Brands Inc., D.G. Yuengling \u0026amp; Son Inc., Diageo Plc, Duvel Moortgat, Heineken NV, New Belgium Brewing Company Inc., Oskar Blues Brewery LLC, Sierra Nevada Brewing Co., Stone \u0026amp; Wood Brewing Co. (Lion Brewery Co) and The Boston Beer Company Inc.\u003c\/p\u003e\n\n\u003cp\u003eKey Questions Answered in This Report\u003c\/p\u003e\n\n\u003cp\u003e1. What was the size of the global craft beer market in 2022?\u003cbr\u003e\n2. What is the expected growth rate of the global craft beer market during 2023-2028?\u003cbr\u003e\n3. What are the key factors driving the global craft beer market?\u003cbr\u003e\n4. What has been the impact of COVID-19 on the global craft beer market?\u003cbr\u003e\n5. What is the breakup of the global craft beer market based on the product type?\u003cbr\u003e\n6. What is the breakup of the global craft beer market based on the age group?\u003cbr\u003e\n7. What is the breakup of the global craft beer market based on the distribution channel?\u003cbr\u003e\n8. What are the key regions in the global craft beer market?\u003cbr\u003e\n9. Who are the key players\/companies in the global craft beer market?\u003c\/p\u003e","brand":"Beverages","offers":[{"title":"March, 2023 \/ 157 Pages \/ MCW16196852","offer_id":47555421241650,"sku":null,"price":2999.0,"currency_code":"USD","in_stock":true}],"url":"https:\/\/www.hardmanwell.com\/products\/craft-beer-market-global-industry-trends-share-size-growth-opportunity-and-forecast-2023-2028","provider":"HARDMAN AND WELL MANAGEMENT CONSULTANCIES L.L.C","version":"1.0","type":"link"}