LONDON--(BUSINESS WIRE)--Technavio has been monitoring the craft beer market since 2016 and the market in Europe is expected to grow by 1.32 billion liters during the period 2020-2024, progressing at a CAGR of almost 11% during the forecast period. Request free sample pages
Read the 151-page report with TOC on “Craft Beer Market in Europe Analysis Report by Product (IPA-based craft beer, Seasonal-based craft beer, Pale ale-based craft beer, Amber ale-based craft beer, Lager-based craft beer, and Others), Distribution Channel (Off-trade and On-trade), Geography (Germany, UK, Poland, Russian Federation, and Rest of Europe), and the Segment Forecasts, 2020-2024.”
The market is driven by the growing number of microbreweries and craft breweries. In addition, the rising demand for low-alcohol craft beer is anticipated to boost the growth of the craft beer market in Europe.
Europe has witnessed a rise in the number of microbreweries and craft breweries over recent years. For instance, in 2018, the number of active breweries in the region increased by nearly 1,000, of which three-quarters were microbreweries. This growth can be attributed to the increasing consumer demand for different varieties of craft beer. Moreover, the consumer spend on craft beer is also comparatively higher in the European region. Hence, the rise in the number of microbreweries and craft breweries is expected to drive the demand for craft beer in Europe during the forecast period.
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Major Five Craft Beer Market Companies:
Asahi Group Holdings Ltd.
Asahi Group Holdings Ltd. operates its business through segments such as Alcohol Beverages, Soft Drinks, Food, and Overseas. The company offers a wide range of craft beer. Peroni is one of the key offerings of the company.
Beavertown Brewery offers a wide range of beer under various categories such as Core, Seasonals, Specials, and others. Bandit Brew, Wrath, and Black Betty are some of its key offerings.
BrewDog Plc operates its business through segments such as HEADLINERS, SEASONAL, AMPLIFIED, TUNED, and OVERWORKS. Punk IPA is a popular variety of craft beer offered by the company.
Buxton Brewery Co. Ltd.
Buxton Brewery Co. Ltd. offers a wide range of beer through the Beer segment. Myrcia, In The Zawn, Medusa Bay, and Axe Edge are some of the key offerings of the company.
Cloudwater Brew Co.
Cloudwater Brew Co. operates its business through segments such as Beer, Soda, Merch, and Art. The company offers various types of craft beer, such as West Coast IPA and more.
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Technavio has segmented the craft beer market based on the product, distribution channel, and region.
Craft Beer Product Outlook (Growth, Liters, 2020 - 2024)
- IPA-based craft beer
- Seasonal-based craft beer
- Pale ale-based craft beer
- Amber ale-based craft beer
- Lager-based craft beer
Craft Beer Distribution Channel Outlook (Growth, Liters, 2020 - 2024)
Craft Beer Regional Outlook (Growth, Liters, 2020 - 2024)
- Russian Federation
- Rest of Europe
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