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Craft Beer Market 2024 Predicts Record Revenue Growth in the Next Decade

Craft Beer Market 2024 Predicts Record Revenue Growth in the Next Decade

The recent “Craft Beer Market” report by Report Ocean gathers insights and assessments through genuine consultations with key stakeholders, including CEOs, Managers, Department Heads of Suppliers, Manufacturers, and Distributors. This comprehensive study aims to thoroughly examine the global industry, target market, competition, and various influencing factors. Ask for Free Sample Report

The report on the “Craft Beer Market” conducts a data-driven quantitative analysis of the relevant industry. It utilizes research based on public records to identify significant patterns. Additionally, it provides predictions for the market sector’s growth between 2024 and 2032. The research primarily focuses on major global market manufacturers, analyzing sales volume, rates, competitive aspects, market share, and development strategies up to 2032.

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Global Craft Beer Market Analysis and Growth Forecast:

Global Craft Beer Market is valued approximately at USD 193.6 billion in 2019 and is anticipated to grow with a CAGR of more than 8.7% over the forecast period 2020-2027. Craft beer is discretely brewed batches of beer by minor, independent breweries. The beer is usually made with ingredients such as malt, yeast, enzymes, and hop, and are available in a varied range of flavors. Craft beer is a rich source of silicon, which plays a role in growing bone mineral density and prevents osteoporosis, risk of diabetes and Alzheimer. Moreover, Young consumers are mainly interested and attracted towards spending on craft beer consumption owing to higher disposable income, and variety in terms of flavor. Craft beer has grown its popularity as consumers tend to keep experimenting with various available flavors of beer.

For Instance: As per All India Brewers Association, sales of craft beer will grow at 20 percent y-o-y, which is higher than 5-7 percent y-o-y growth in the craft beer market. Moreover, the increasing number of breweries across the globe is boosting the growth of the global craft beer industry. As per Company Sources, Bira91 had raised around USD 50 million from Sofina and USD 4.3 million from Sixth Sense Ventures in 2018. While, Witlinger that started its bottling unit in Chhattisgarh had raised an undisclosed amount from two HNIs and was planning to sell a minority stake in 2018 to raise $7 million. However, the low shelf life of the product acts as a restraint for the market growth over the forecast period of 2020-2027.

Major market player included in this report are:
Anheuser-Busch InBev
Carlsberg Group
Diageo PLC
Heineken N.V.
Erdinger Brewery
Lasco Brewery
Oettinger Brewery
Radeberger Brewery
Bavaria N.V.

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The detailed segments and sub-segment of the market are explained below:

By Type:

Specialty Beers
Pilsners and Pale Lagers

by Distribution:

By Region:
North America

Asia Pacific
South Korea
Latin America
Rest of the World

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Report Components

Market Synopsis: This section encapsulates the present market scenario and outlines the industry’s scope. It includes a comprehensive analysis of key segments such as product types, applications, and regions, with revenue and sales forecasts provided as part of this overview.

Competitive Landscape: Illuminating the market’s competitive terrain, this section presents an in-depth analysis of manufacturers, offering insights into individual players’ revenue and sales figures. Additionally, it encompasses noteworthy details on mergers, acquisitions, and industry investments.

Regional Analysis: Providing an overview of market revenue, sales, and shares across major regions and sub-regions, this segment also explores the pricing structure, sales growth rate, and other crucial estimations.

Company Profiles: This section provides strategic business insights about key firms operating within the market landscape. It covers product specifications, revenue shares, and portfolios of these major companies.

The Analysis Objectives of the Report are:

To determine the size of the Market by identifying its sub-segments.

To research the key players and analyze their growth strategies.

To assess the size and value of the Market based on key regions.

To analyze the Market in terms of growth trends, potential, and participation in the overall sector.

To investigate the Market size (volume and value) from the company, key regions/countries, goods and applications, and background data.

Primary Market manufacturers to specify, clarify, and analyze the product sales volume, value, market share, market rivalry landscape, SWOT analysis, and future development plans.

To investigate market competitive developments such as market expansions, agreements, new product launches, and acquisitions.

What is new in 2024?

– Major developments that can change the business landscape as well as market forecasts.

– Addition/refinement in segmentation–Increase in depth or width of segmentation of the market.

– Coverage of new market players and change in the market share of existing players of the market.

– Updated financial information and product portfolios of players operating in the market.

– Updated market developments of the profiled players.

– Any new data points/analysis (frameworks) which was not present in the previous version of the report

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