Craft Beer Market: Regaining Its Glory | BrewDog, Chimay Brewery, Boston Beer

HTF Market Intelligence published a new research document of 150+pages on” Craft Beer Market Insights, to 2028” with self-explained Tables and charts in presentable format. In the Study you will find new evolving Trends, Drivers, Restraints, Opportunities generated by targeting market associated stakeholders. The growth of the Craft Beer market was mainly driven by the increasing R&D spending by leading and emerging player, however latest scenario and economic slowdown have changed complete market dynamics. Some of the key players profiled in the study are BrewDog (United Kingdom), Chimay Brewery (Belgium), Boston Beer Co. (United States), AFBrew, Asahi Group Holdings (ASH) (Japan), Himburgs Braukunstkeller (Germany), BUXTON BREWERY (United Kingdom), The Craft Beer Co. (United Kingdom), Yuengling & Son Inc. (United States), New Belgium Craft Brewery (United States), Deschutes Brewery (United States), Bell’s Brewery (United States), Duvel Moortgat USA (United States)

According to HTF Market Intelligence, the Global Craft Beer market to witness a CAGR of 10.26% during forecast period of 2023-2028. Global Craft Beer Market Breakdown by Application (Supermarket, Convenience Store, Online Stores, Others) by Type (Ales, Pilseners and Pale Lagers, Specialty Beers, Others) by Sales Channel (Supermarket, Convenience Store, Online Stores, Others) and by Geography (North America, South America, Europe, Asia Pacific, MEA). The Craft Beer market size is estimated to increase by USD 81.1 Billion at a CAGR of 10.26% from 2023 to 2028. The report includes historic market data from 2017 to 2022E. Currently, market value is pegged at USD 109.8 Billion.

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Definition:
Craft beer refers to beer that is brewed by small, independent breweries using traditional methods and high-quality ingredients. It is often characterized by its unique flavor profiles and creative labeling.

Market Trends:
Increasing demand for flavored and specialty craft beers, driven by consumer interest in new and unique taste experiences.
Growing popularity of low-alcohol and non-alcoholic craft beers, reflecting changing consumer preferences towards healthier and more mindful drinking habits.

Market Drivers:
Rising consumer interest in locally sourced and artisanal products, driving demand for craft beer.
Growing availability of craft beer in retail and online channels, making it easier for consumers to access and purchase.

Market Opportunities:
Expansion of the craft beer market into emerging markets, such as Asia and Latin America, driven by increasing disposable incomes and changing consumer preferences.

The titled segments and sub-section of the market are illuminated below:
The Study Explore the Product Types of Craft Beer Market: Ales, Pilseners and Pale Lagers, Specialty Beers, Others

Key Applications/end-users of Craft Beer Market: Supermarket, Convenience Store, Online Stores, Others

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