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Crafted Beer Market Overview
The report is titled as ‘Crafted Beer Market: Opportunity Analysis and Future Assessment 2022-2030’. An overview of conceptual frameworks, analytical approaches of the Crafted Beer market is the main objective of the report, which further consists the market opportunity and insights of the data involved in the making of the respective market.
The crafted beer market is expected to reach at a value of US$ 266.3 Bn by 2030 end at a CAGR of 6.5%
Crafted Beer Introduction
The term ‘Craft beer’, unlike regular beer, refers to the beer manufactured in smaller batches with a specialized formula. The brewers of crafted beer majorly aim their attention more on the freshness and flavor of the drink. In addition to that, the alcohol content of crafted beer is time and again greater than the ordinary beer. But that isn’t all, there’s a wide range of flavors to relish when it comes to crafted beer.
According to the American Brewer Association (ABA), craft breweries are ‘independent’, ‘small’, and ‘traditional’. It is significant to note that the yearly manufacturing of 6 million barrels of beer or less, pertains to small craft breweries. In a general sense, when crafted beers are discussed, they are talking in reference to beers brewed by autonomously owned breweries that are not part of (or privately owned by) a large corporation. Crafted beer developed by a brewery in which ‘craftsmanship’ is vital.
One of the major factors that is primarily boosting the demand of crafted beer is growing demand for premium and luxurious products among the population associated with the soaring disposable income all across the globe. Therefore, the global crafted beer market is projected to witness major breakthroughs in the forthcoming years.
Crafted Beer Market Segmentation
The global crafted beer market is segmented on the basis of product, brewer, age group, sales channel, and region.
By Product
Brown Ale Craft Beer
Pale Ale Craft Beer
Porter Craft Beer
Stout Craft Beer
Pale Lager Craft Beer
Pilsner Craft Beer
Marzens Craft Beer
Bocks Craft Beer
Other Craft Beer Products
By Brewer
American Sour Craft Beer
Non-Alcoholic Craft Beer
Belgian Fruit Lambic Craft Beer
Flanders Red Ale Craft Beer
Belgian Gueuze Craft Beer
By Age Group
21–35 Years Old
40–54 Years Old
55 Years and Above
By Sales Channel
Microbreweries
Brewpubs
Contract Brewing Companies
Independent Regional Craft Brewing Companies
By Region
North America
Latin America
Europe
Asia Pacific
Middle East
Africa
Crafted Beer Market Key Players
Some of the key participating players in global crafted beer market are:
Anheuser-Busch InBev SA/NV
Heineken Holding N.V
Boston Beer Company Inc.
Molson Coors Brewing Co.
Duvel Moortgat NV
FIFCO USA
Bells Brewery Inc.
D.G Yuengling & Sons Inc.
Sierra Nevada Brewing Co.
Stone Brewing Co.
New Belgium Brewing Company
MillerCoors LLC
Mark Anthony Brands Inc.
Alaskan Brewing Company
Factors that are benchmarked while estimating the market
Various factors that are benchmarked while estimating the market growth includes (but not restricted to):
New product development and launches
Current product compliance
Reimbursement
Concerns for use of Crafted Beer
Advantages of Crafted Beer
Actions taken by the manufacturer and respective regulatory authorities also impact the market growth of the segment. These factors are understood at regional level and in major countries globally for providing regional insights of the product segment in the report. This helps our clients to take informed decision.
A mix of top-down and bottom-up approach is followed to arrive and validate our market value estimations. For a product segment like wherein one/two manufacturer(s) dominates the market, it’s product sales, previous growth rates and market expansion plans are considered to generate market share in the market.
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