LONDON--(BUSINESS WIRE)--The global craft beer market is poised to grow by USD 47.79 billion during 2020-2024, progressing at a CAGR of over 13% during the forecast period. Request free sample pages
Read the 120-page report with TOC on "Craft Beer Market Analysis Report by Product (India pale ale, Seasonal craft beer, Pale ale, Amber ale, and Other craft beers), Geography (APAC, Europe, MEA, North America, and South America), and the Segment Forecasts, 2020-2024".
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The market is driven by new product launches. In addition, the rising global population of millennials is anticipated to boost the growth of the craft beer market.
Vendors in the market are focusing on increasing their revenue flow and market share by introducing new products. For instance, in April 2018, Ithaca Beer Co. launched its new beer, Brew York. The product is claimed to be New York state's first commercially produced beer made predominantly with ingredients grown in New York. Similarly, in May 2018, DEF LEPPARD partnered with Elysian Brewing Co. to introduce a new craft beer, Def Leppard Pale. Such successful product launches are expected to fuel the growth of the market.
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Major Five Craft Beer Market Companies:
Anheuser-Busch InBev
Anheuser-Busch InBev operates its business through segments such as North America, Latin America West, Latin America North, Latin America South, EMEA, Asia Pacific, and Global Export and Holding Companies. The company offers craft beers such as Goose Island, 4 Pines, Aicha, Amorous, Angel of Darkness, Love Street, Hopadillo IPA, and others.
Asahi Group Holdings Ltd.
Asahi Group Holdings Ltd. operates its business through segments such as Alcohol Beverages, Soft Drinks, Food, and Overseas. Cricketers Arms, Mountain Goat, and Peroni are some of the crafts beers offered by the company.
Carlsberg Breweries AS
Carlsberg Breweries AS operates its business through segments such as Western Europe, Asia, and Eastern Europe. The company offers craft beers such as Brooklyn Lager, E.C. DAHLS BOLT IPA, Grimbergen Blonde, HK YAU, Dahls Pils, and others.
D.G. Yuengling & Son Inc.
D.G. Yuengling & Son Inc. operates its business through the Beer segment. The company offers craft beers such as Yuengling Dark Brewed Porter, Yuengling Light, and others.
Diageo Plc
Diageo Plc operates its business through segments such as Spirits, Beer, and Ready to drink. Guinness Red Harvest Stout and Guinness Blonde are the key offerings of the company.
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Craft Beer Market product Outlook (Revenue, USD Billion, 2020-2024)
- India pale ale
- Seasonal craft beer
- Pale ale
- Amber ale
- Other craft beers
Craft Beer Market Geographic Outlook (Revenue, USD Billion, 2020-2024)
- APAC
- Europe
- MEA
- North America
- South America
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Related Reports on Consumer Staples Include:
Global Beer Market – Global beer market by geography (APAC, Europe, MEA, North America, and South America) and distribution channel (on-trade and off-trade).
Global Ale Beer Market – Global ale beer market by geography (APAC, Europe, MEA, North America, and South America) and distribution channel (on-trade and off-trade).
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