Craft Beer Market size, share, growth with top key players like Sierra Nevada Brewing Co., Bell’s brewery, Inc amongst others


Posted December 22, 2022 by Urmilaab11

Global Craft beer market is witnessing a boom in the industry with size of the industry totaling a mammoth USD 95 billion in 2022.

 
According to the Brewers Association, craft breweries comprise 5,234 of the 5,301 breweries in the US. For the past decade, craft brewers have rattled the industry perched on the outside to appear in the beer market, witnessing double digit growth

The prolific sale of craft breweries in the United States has meant big business for the craft beer breweries makers. In such a fortunate market, the craft beer industry has been growing at a stunning pace over the past six years. There have been hordes of craft beer companies who set up business just a few years ago and have been not merely successful, but more than their wildest dreams. The successful lager segment where the more attractive the label on the outside of the bottle, the more the cash counters are set ringing. For craft brewers, making an impression out there on crowded store-shelves has been the name of the game with more and more specialty trappings, personalization and connection to social media to attract consumers.

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Beer has been voted as the most consumed brew across the globe and has toppled all the liquor segments pooled together. Beer has many health benefits if consumed in moderate proportions. It is home to a spate of vtiamins including iron, calcium and fiber. Craft beer has been the most consumed beverage in the spectrum with advancements in beer brewing technology topmost in the industry.

The ascent of strong flavors in beer segment industry including fruit and spice, honey flavored, sweet and malty and funky flavors have brought the craft beer industry into prominence . Amongst the man flavors, floral flavors such as chamomile, elder flower and lavender balance spike up the drink in no small measure. This is expected to drive the market up north. Craft beer has been solely responsible for attracting 25% of beer market in 2019 in the US. This has added to the overall market growth.

Though beer is the largest consumed beverage in the world, restraints exist in the market. They include the liquors such as gin, rum, whiskey and wine give a run to the beer market. Hence craft beer has come to the aid of the beer market by their experimentation with new variants in the global market. The alternate high-quality flavor ridden drinks to obtain high quality drinks such as grapefruit, plum, raspberry, lemon and others are maximizing returns in craft beer market.

By Type
The craft lager beer segment is witnessing ample growth in the market owing to a twist in the market such as lager and pales addition to their product mix. Lager stands foremost pawing to their serene and malty taste. Craft beer has reigned in the market due to longer shelf-span. Ale follows lager in mostly sold beer variety across the spectrum.

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By Distribution Channel
Supermarkets and convenience stores hold the consumer interest in drawing him to the beer store. With consumer preferring his drink at home, the beer segment industry at home is doing roaring business. Based on the market interest displayed by customers and prospects, the sure-fire indication is that this growth trend in the segment will continue into the near future.

Based on the popularity of craft beers, there is a sea of opportunity for beer manufacturers to jump on to the bandwagon and cash in on a thriving market. The craft beer industry has burgeoned over the past few years, with new breweries mushrooming each day, and there is a sizable portion of those in Massachusetts. There is a swift intake of craft breweries in need of labels and shrink sleeves for their bottles and cans. This is a driving factor for craft beer market.

Brewpubs segment heading for market boom in midst of forecast period
By application, the craft beer market is segmented into breweries, brewpubs, others.
Brewpubs are right in the midst of the action and this is where customers throng with a roving eye for the fancy beer cans. Hence brewpubs segment by application is where the business is headed in the forecast period.

Key Players
Key players include Constellation Brands, Inc., the Boston Beer Company, Sierra Nevada Brewing Co., Bell’s brewery, Inc amongst others

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Global Craft Beers Market Growth, Trend and Forecast 2021-2027

Chapter 1 Craft Beers Market Overview
1.1 Product Overview and Scope of Craft Beers
1.2 Craft Beers Market Segmentation by Type
1.2.1 Global Production Market Share of Craft Beers by Type in 2020
1.2.1 Type 1
1.2.2 Type 2
1.2.3 Type 3
1.3 Craft Beers Market Segmentation by Application
1.3.1 Craft Beers Consumption Market Share by Application in 2020
TOC Continued…

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Tags craft beer market , craft beer market size , craft beer market trends , craft beer market share , craft beer market growth
Last Updated December 22, 2022