The article cited AMA's Global Craft Beer Market Study explored substantial growth with CAGR of 10.26%. According the report, Growing number of microbreweries & small independent breweries is one of the primary growth factors for the market. Rising Consumer Demand for Unique Flavors
is also expected to contribute significantly to the Craft Beer market. Overall, Household
applications of Craft Beer, and the growing awareness of them, is what makes this segment of the industry important to its overall growth. The presence of players such as Davide Campari-Milano N.V. (Netherlands), Diageo PLC (United Kingdom), Wrightsville Beach Brewery (United States), Halewood International Limited (United Kingdom), Asahi Group Holdings, Ltd. (Japan), Accolade Wines (Australia), Bacardi Limited (Bermuda), Mike's Hard Lemonade Co. (United States), Castel Group (France), Suntory Holdings Limited (Japan) and Lone Wolf Brewing Co (United States) may see astonishing sales in this Market and certainly improve revenue growth.
The Distribution Channel, such as Supermarkets and Hypermarkets, is boosting the Craft Beer market. Additionally, the rising demand from SMEs and various industry verticals, macro-economic growth are the prime factors driving the growth of the market.
The Packaging Type, such as Glass Bottles, is boosting the Craft Beer market. Additionally, the rising demand from SMEs and various industry verticals, macro-economic growth are the prime factors driving the growth of the market.
AMAs Analyst on the Global Craft Beer market identified that the demand is rising in many different parts of the world as "Focus on specific tastes and dietary needs
". Furthermore, some recent industry insights like "In July 2023, Lone Wolf launched two new beer variants Mavrick and Alpha. Maverick is a 100% malt lager, while Alpha is Belgium Wit bier. The launch marked a significant expansion of the brand's portfolio, aiming to provide consumers with an even broader range of choices to tantalise their taste buds." is constantly making the industry dynamic. One of the challenges that industry facing is "Limited Marketing Budget"
The report provides an in-depth analysis and forecast about the industry covering the following key features:
Detailed Overview of Craft Beer market will help deliver clients and businesses making strategies. Influencing factors that thriving demand and latest trend running in the market What is the market concentration? Is it fragmented or highly concentrated? What trends, challenges and barriers will impact the development and sizing of Craft Beer market SWOT Analysis of profiled players and Porter's five forces & PEST Analysis for deep insights. What growth momentum or downgrade market may carry during the forecast period? Which region may tap highest market share in coming era? What focused approach and constraints are holding the Craft Beer market tight? Which application/end-user category or Product Type [Ale (Pale Ale, Brown Ale, Scottish Ale, Others) and Lager Yeast (Pale, Dark, Pilsners)] may seek incremental growth prospects? What would be the market share of key countries like Germany, USA, France, China etc.?
Market Size Estimation In market engineering method, both top-down and bottom-up approaches have been used, along with various data triangulation process, to predict and validate the market size of the Craft Beer market and other related sub-markets covered in the study.
o Key & emerging players in the Craft Beer market have been observed through secondary research. o The industrys supply chain and overall market size, in terms of value, have been derived through primary and secondary research processes. o All percentage shares, splits, and breakdowns have been determined using secondary sources and verified through primary sources.
Data Triangulation The overall Craft Beer market size is calculated using market estimation process, the Craft Beer market was further split into various segments and sub-segments. To complete the overall market engineering and arriving at the exact statistics for all segments and sub-segments, the market breakdown and data triangulation procedures have been utilized, wherever applicable. The data have been triangulated by studying various influencing factors and trends identified from both demand and supply sides of various applications involved in the study. Along with this, the Global Craft Beer market size has been validated using both top-down and bottom-up approaches.