Global Craft Beer Market: Key Players and Production Information Analysis

Craft Beer Market report provides the latest market data along with industry future trends, which keeps tracking of users driving revenue growth rate of craft beer market by type (ale, lager, porter, stout, pilsner, and other types), distribution channel (on-trade channels, and off-trade channels) market status and outlook of global and major regions, from manufacturers, and end industries. As this report is expected to help key players among the craft beer market it includes the five years Industry analysis and the 6 years annual forecast from 2019 to 2025. Some of the prominent participants in the global craft beer market are The Boston Beer Company, D.G. Yuengling and Son, Anheuser-Busch InBev, Heineken N.V., Stone & Wood Brewing Co., Bell's Brewery, Inc., The Lagunitas Brewing Company, New Belgium Brewing Company, Sierra Nevada Brewing Co., Chimay Beers and Cheeses, and Other Companies.

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The Increasing Number of Micro-Breweries is Majorly Driving the Craft Beer Market

Beer enthusiasts are finding for new and fresh products than the commercially available beers. Craft beer is a fresh alternative to the old commercially available beer. Craft beer is not pasteurized as the traditional beer, which gives it distinct colors, flavors, and texture that make it different from other beers. They are not as sharp tasting as the traditional beers as they contain low alcohol levels. Craft beers are brewed in small-sized breweries, producing small batches of beer in each cycle. As the brewers are exploring more craft beers, the market is evolving further.

The increasing number of micro-breweries is majorly driving the craft beer market. Beer enthusiasts, particularly in North America and Europe, are exploring the beers in small-sized breweries, creating new flavors in their backyard. Moreover, the rise in the consumer demand for low alcohol by volume (ABV) beer is expanding the growth of the Craft Beer market. The young beer consumers prefer low alcohol content in their beverages and want more subtle and sweet tasting beer.

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However, higher penetration of the traditional beers is the major restraining factor for the growth of the craft beer market. The craft beers are not available as the traditional beers. Nevertheless, increasing spending on beverages, particularly by young consumers, is expected to offer lucrative opportunities for the key players in the craft beer market.

Regionally, Europe held the highest market share, dominating the global craft beer market. The dominance of the Europe market attributed to the high consumption and high preference for flavored beers. Moreover, the higher spending capacity of the consumers is expected to boost the growth of the textile home décor market in this region. The Latin America and Asia-pacific region is projected to witness the highest growth rate in the global craft beer market owing to increased disposable income and growing alcoholic beverage industry.

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