(MENAFN– GlobeNewsWire – Nasdaq) New Jersey, United Kingdom, Nov. 17, 2021 (GLOBE NEWSWIRE) — Facts and Factors have published a new research report titled “Craft Beer Market By Type (Ales, Specialty Beers, Pilsners & Pale Lagers, and Others) and By Distribution (Off-Trade and On-Trade): Global Industry Outlook, Market Size, Business Intelligence, Consumer Preferences, Statistical Surveys, Comprehensive Analysis, Historical Developments, Current Trends, and Forecasts, 2020–2026” in its research database
“According to the latest research study, the demand of global Craft Beer Market size & share expected to reach to USD 200 Million by 2026 from USD 110 Million in 2019, at a compound annual growth rate (CAGR) of 8% during the forecast period 2020 to 2026”
What is Craft Beer? Report Overview & Coverage:
Craft beer is a beer made by a brewer that is small, independent, and traditional. These beers are made by using traditional ingredients like malted barley, but sometimes the addition of non-traditional ingredients are also added. The flavors of craft beer are derived from traditional and innovative brewing ingredients and fermentation. Types of craft beer include ales, specialty beers, pilsners & pale lagers, and many such. Distribution methods of craft beer consist of off-trade and on-trade methods.
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- 2020 Updated Report Introduction, Overview, and In-depth industry analysis
- COVID-19 Pandemic Outbreak Impact Analysis Included
- 174+ Pages Research Report (Inclusion of Updated Research)
- Provide Chapter-wise guidance on Request
- 2020 Updated Regional Analysis with Graphical Representation of Size, Share & Trends
- Includes Updated List of tables & figures
- Updated Report Includes Top Market Players with their Business Strategy, Sales Volume, and Revenue Analysis
- Facts and Factors research methodology
(Note: The sample of this report is updated with COVID-19 impact analysis before delivery)
Industry Major Market Players
- Bell’s Brewery Inc.
- The Boston Beer Company
- Stone & Wood Brewing Co.
- The Gambrinus Company
- Anheuser-Busch InBev
- New Belgium Brewing Company
- Sierra Nevada
- Sam Adams
- D.G. Yuengling and Son
- The Lagunitas Brewing Company
Key questions answered in this report:
- What is the projected market size & growth rate of the Craft Beer Market?
- What are the key driving factors for the growth of the Craft Beer Market?
- What are the top companies operative in Craft Beer Market?
- What segments are covered in Craft Beer Market?
- How can I get free sample reports/company profiles of Craft Beer Market?
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Market Growth Drivers
Increasing consumer preference for low alcohol is the major driver for the target market growth. In addition, the exotic flavor profile aspect of craft beer is also one of the factors augmenting the target market growth. Additionally, augmentation in demand for more beer styles coupled with a rise in per capita income of target customers has surged the target market growth as well. Furthermore, the rise in the establishment of pubs as well as bars has enhanced the target market growth as well. However, the high cost of craft beer through on-trade distribution is anticipated to harm the target market growth over the forecast period. Nevertheless, increasing inclination towards a special preference for traditional beers is anticipated to create lucrative growth opportunities for the target market growth.
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Global Craft Beer Market : Report Scope
|Market Size 2019 Value||USD 110 Million|
|Market Forecast for 2026||USD 200 Million|
|Expected CAGR Growth||CAGR 8% from 2020-2026|
|Top Market Players||Bell’s Brewery Inc., The Boston Beer Company, Stone & Wood Brewing Co., The Gambrinus Company, Anheuser-Busch InBev, and Others|
|Segments Covered||Type, Distribution, and Region|
|Geographies Covered||North America, Europe, Asia Pacific, Latin America, and Middle East & Africa|
|Pricing Options||Request customized purchase options to meet your research needs. Explore purchase options|
In terms of type, the target market is categorized as ales, specialty beers, pilsners, and pale lagers, and others. Among these, ales are anticipated to be the leading one due to the increase in popularity among youngsters. It has a fruity and sweet taste due to which it has become one of the favorite choices of individuals.
In terms of distribution, the target market is categorized as off-trade and on-trade. Among these categories, on-trade distribution is expected to be the dominating one. The rise in the number of clubs and pubs across the globe has fuelled the on-trade distribution.
Browse Detail Report on, Global Craft Beer Market Size & Share Analysis Report, 2020-2026
Also Read, Global Craft Beer Market Press Release
In terms of region, the target market is categorized as North America, Europe, Asia Pacific, Latin America, and Middle East & Africa. Among these regions, Europe is projected to be the prominent one over the forecast period due to the customer inclination towards flavored brews coupled with the large product consumption that has boosted the target market in the region. In addition, countries such as the UK and Germany are some of the largest consumers of craft beer. This factor has also driven the target market growth.
Browse the full “Craft Beer Market By Type (Ales, Specialty Beers, Pilsners & Pale Lagers, and Others) and By Distribution (Off-Trade and On-Trade): Global Industry Outlook, Market Size, Business Intelligence, Consumer Preferences, Statistical Surveys, Comprehensive Analysis, Historical Developments, Current Trends, and Forecasts, 2020–2026″
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This report segments the Craft Beer market as follows:
Global Craft Beer Market: By Type Segmentation Analysis
- Specialty Beers
- Pilsners &Pale Lagers
Global Craft Beer Market: By Distribution Segmentation Analysis
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