Beer And Craft Beer Market valued at US $87.27 Billion in 2022 is to reach a value of US $148.83 Billion in 2030, growing at a CAGR of 6.9% over 2022-2030.
Due to growing customer demand for the product, craft beer demand is anticipated to increase quickly. It is anticipated that the product’s expanding popularity would accelerate market growth. Craft beer has become more popular as a result of changing lifestyles and escalating social trends. It is a delightful and comforting beverage that is consumed in homes and taverns. In the coming years, market growth is anticipated to be driven by the addition of new flavours and taste improvements. Additionally, it is anticipated that the addition of CBD, a cannabis plant variation, will accelerate industry development. The addition of CBD lessens the bitter flavour and draws customers. These elements will probably foster industrial growth.
The interest in low-cocktails has been climbing with the creating energy from prosperity cognizant clients. The morebroad choice of new things presented by vital participants with further developed taste and low alcoholic substance in the blend for those of 2.8% ABV andless is driving the market. Growing the reception of specialty lager among Asian customers should animate the overall market. In any
case, risk from other cocktails, like wine, is one of the significant foiling components to the worldwide specialty brew market.
Global Beer And Craft Beer Market: Segmental Analysis
The lager 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.
- Craft Brewery
Key Countries And Segment Reported:
- North America- U.S. and Canada
- Europe (U.K., France, Italy, Spain, and Russia)
- Latin America (Mexico and Brazil)
- Asia Pacific (China, India, Japan, Australia, and South Korea)
- Middle East & Africa (GCC, South Africa, and Egypt)
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.
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