Global Craft Beer Market to Garner $186.59 Billion by 2025 at 8.0% CAGR, Says Allied Market Research

Portland,OR, Nov. 07, 2019 (GLOBE NEWSWIRE) — According to the report, the global  garnered $108.91 billion in 2018, and is estimated to reach $186.59 billion by 2025, growing at a CAGR of 8.0% from 2018 to 2025. The report provides a detailed analysis of the market size & estimations, top investment pockets, top winning strategies, drivers & opportunities, competitive scenario, and changing market trends.

Increase in disposable income, changing consumer preferences, and rise in number of on-premise distribution channels drive the growth of the global craft beer market. Furthermore, surge in youth population & average number of female drinkers supplements the market growth. However, volatile raw materials prices and taxation & higher excise duties on imported as well as local beer impede the growth to certain extent. On the other hand, introduction of organic alcoholic beverages, surge in number of millennial populations and increase in social media marketing are expected to create multiple opportunities in the near future.

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The global craft beer market is bifurcated on the basis of product type, end user, age group, and region. Based on product type the market is divided into ale and lager. The lagers segment contributed the largest share in 2018, accounting for nearly three-fifths of the global craft beer market and is expected to dominate during the study period. On the other hand, the ale segment is expected to register the fastest CAGR of 8.8% throughout the study period.

Based on end user, the market is bifurcated into on-trade and off-trade. The off-trade segment held the largest share in 2018, accounting for nearly two-thirds of the global craft beer market. The segment is expected to maintain its dominance throughout the study period. On contrary, the on-trade segment would cite the fastest CAGR of 8.6% by 2025.

Based on geography, North America contributed the largest revenue share in 2018, accounting for more than one-third of the global craft beer market and is projected to dominate the market throughout the forecast period. On the other hand, the Asia-Pacific region would register the fastest CAGR of 5.70% till 2025.

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The report provides an in-depth analysis of the major market players including BAVARIA N.V., Carlsberg Group, Anheuser-Busch InBev, Radeberger Brewery, Erdinger Brewery, Oettinger Brewery,  Heineken N.V., Lasco Brewery, and Diageo PLC.

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Allied Market Research (AMR) is a full-service market research and business-consulting wing of Allied Analytics LLP based in Portland, Oregon. Allied Market Research provides global enterprises as well as medium and small businesses with unmatched quality of “Market Research Reports” and “Business Intelligence Solutions.” AMR has a targeted view to provide business insights and consulting to assist its clients to make strategic business decisions and achieve sustainable growth in their respective market domain.    

We are in professional corporate relations with various companies and this helps us in digging out market data that helps us generate accurate research data tables and confirms utmost accuracy in our market forecasting. Each and every data presented in the reports published by us is extracted through primary interviews with top officials from leading companies of domain concerned. Our secondary data procurement methodology includes deep online and offline research and discussion with knowledgeable professionals and analysts in the industry.

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