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Global Beer And Craft Beer Market Analysis by Type, Packaging, Production, Distribution Channel, Region and segments forecast till 2033
Market Overview
The Global Beer and Craft Beer Market valued at USD 87,270 million in 2022 is to reach a value of US USD 148,830 million in 2030, growing at a CAGR of 6.9% over 2023-2033.
Report Scope
Report Attributes | Description |
Market Size in 2022 | USD 87,270 Million |
Market Forecast in 2033 | USD 148,830 Million |
CAGR % 2023-2033 | 6.9% |
Base Year | 2022 |
Historic Data | 2020-2021 |
Forecast Period | 2023-2033 |
Report USP | Production, Consumption, company share, company heatmap, company production capacity, growth factors and more |
Segments Covered | Type, Packaging, Production, Distribution Channel |
Regional Scope | North America, Europe, APAC, South America and Middle East and Africa |
Country Scope | U.S.; Canada; U.K.; Germany; France; Italy; Spain; Benelux; Nordic Countries; Russia; China; India; Japan; South Korea; Australia; Indonesia; Thailand; Mexico; Brazil; Argentina; Saudi Arabia; UAE; Egypt; South Africa; Nigeria |
Key Companies | Mohan Meakin Ltd., United Breweries Ltd. (UB Group), Arbor Brewing Company India, B9 Beverages Pvt. Ltd. (Bira 91), Carlsberg India Pvt. Ltd., Gateway Brewing Company, Himalayan Ales Pvt. Ltd. (White Rhino), Molson Coors India Pvt. Ltd., Sona Beverages Pvt. Ltd. (Simba Beer), Anheuser-Busch InBev NV, Boston Beer Company, Constellation Brands, SABMiller Plc, and Diageo PLC |
Beer is referred to as a type of alcoholic drink that is produced by fermenting starches derived from malted barley, oats, rice, and other grain types. Flavoring agents such as gruits hops and other preservatives are used to enhance the taste and texture of the beer. On the other hand, craft beer is a type of beer produced in microbreweries. These beers are produced in small amounts with a major focus on flavor and richness and therefore, are better in taste than traditional beer.
Primary factors augmenting the outlook of this marketplace are widespread urbanization and the rising disposable income of the masses. Furthermore, the growing popularity of alcoholic drinks among the younger population and the increase in the number of breweries across the globe are positively swaying the dynamics of this business vertical. Alongside, innovations in beer brewing technologies and the emergence of flavored alcoholic drinks are adding momentum to the development of this marketplace.
Moreover, shifting consumer inclination towards beverages with lesser alcohol volume is escalating the demand for beer across the world. Besides, the growing consumption of beer in social events is creating an upward trend in the industry. On the contrary, stringent government rules pertaining to the consumption and promotion of alcoholic beverages are hindering the remuneration scope of this business vertical. Also, rising concerns regarding the ill effects of beer on human health are likely to hinder the market progression in the ensuing years.
The emergence of beer ranges that are strong and rich in taste has accelerated their demand among consumers. The addition of flavors such as fruit & spice, honey, lavender, chamomile, and elderflower among others, add a subtle taste and enhance the quality of beer. This in turn is bolstering the overall industry growth.
There has been a rapid increase in the number of microbreweries across the globe. This is ascribed to the increasing socialization trends of the younger generation which has augmented their taproom and pub stopovers. To cater to the surging product demands, manufacturers are establishing microbreweries to expand and refine their beer production.
Type Insights
The larger segment is expected to amass notable gains over the stipulated timeline attributing to the escalating demand for craft lagers due to their malty and light taste.
Packaging Insights
The glass segment is poised to generate significant returns over 2023-2033. This is credited to the ability of glass to preserve the flavor of beers owing to its durable, heat tolerant, and non-porous nature.
Production Insights
The microbrewery segment is slated to capture a high market share over the estimated timeline ascribing to the rising popularity of craft beer among millennials.
Distribution Channel Insights
The off-trade segment is expected to showcase an upward growth trend in the ensuing years. This is attributed to the rising beer sales through off-trade channels due to their widespread availability in a wide array of flavors and types.
Regional Insights
North America, the Middle East & Africa, Latin America, Europe, and Asia Pacific are the major regions present in this business sphere. Among these, North America is projected to showcase lucrative expansion trends over 2023-2033. This is attributable to the surging number of breweries, the presence of emerging players, rising disposable income levels, and an increase in the millennial population.
Competitive Analysis
The prominent companies characterizing the competitive gamut of this industry vertical are Mohan Meakin Ltd., United Breweries Ltd. (UB Group), Arbor Brewing Company India, B9 Beverages Pvt. Ltd. (Bira 91), Carlsberg India Pvt. Ltd., Gateway Brewing Company, Himalayan Ales Pvt. Ltd. (White Rhino), Molson Coors India Pvt. Ltd., Sona Beverages Pvt. Ltd. (Simba Beer), Anheuser-Busch InBev NV, Boston Beer Company, Constellation Brands, SABMiller Plc, and Diageo PLC.
Notably, in June 2020, Anheuser-Busch InBev announced the acquisition of Craft Brew Alliance to diversify its craft beer portfolio.
Global Beer and Craft Beer Market- Segmental Analysis
By Type:
Ale
Lager
Pilsners
Other
By Packaging:
Glass
Bottle
Can
Others
By Production:
Macro brewery
Microbrewery
Craft Brewery
Others
By Distribution Channel:
On Trade
Off Trade
Why to buy this Report?
The report provides quantitative and qualitative aspect for Global Beer And Craft Beer Market in terms of value and volume, along with supporting market trends, challenges, restraints.
The report provides an in depth analysis from both production and consumption point of view at the regional and country level. Key Factors considered within the report scope are Production capacity by countries/regions, average price, consumption ratio, revenue earned and gross margin.
The report provides competitive analysis of around 30-50 companies operated in Global Beer And Craft Beer Market, these companies are bifurcated into niche players, the leaders and major contenders. The companies are analyzed in terms of following factors such as:
Business Model
Production Capacity, Revenue, Sales, Gross Margin
Key Business Strategy
SWOT Analysis
In terms of competitive landscape, the report provides distinctive factors that would help the Card Type in taking a key decision within the business:
Company Share Analysis from 2020-2022
Company Analysis by Revenue and Sales
Company Production Capacity, Gross Margin
Company Share Analysis by Card Type/Card Type
Company Share Analysis by Product/Specification