Craft Beer Market is estimated to grow at 12.3% in the forecast period of 2020 to 2027 and is anticipated to reach USD 35.3 billion by 2027 due to rising popularity of organic alcoholic beverages and increasing millennial population which is driving the growth of the market.
Increasing demand for different types of beer styles will further boost various new and ample opportunities for the market in the above mentioned forecast period.
According to Data Bridge Market Research the craft beer market in developing regions is witnessing a growth in terms of its adoption rate, due to rising number of female drinkers and increasing social media marketing. Rising disposable income and shifting consumer preferences & lifestyle are also helping the market to grow. Some of the factors will act as restraints and may hinder the growth of the market such as, variation in the cost of the raw material along with high prices of the craft beer and high expunge duties.
Now the question is which are the regions that craft beer market players should target? Data Bridge Market Research has forecast Asia-Pacific is seen to dominate the craft beer market in the forecast period of 2020 to 2027 owing to rising demand for beer and rising disposable income in the region.
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Craft beer market is segmented on the basis of countries into the U.S., Canada, Mexico in North America, Germany, Sweden, Poland, Denmark, Italy, U.K., France, Spain, Netherland, Belgium, Switzerland, Turkey, Russia, Rest of Europe in Europe, Japan, China, India, South Korea, New Zealand, Vietnam, Australia, Singapore, Malaysia, Thailand, Indonesia, Philippines, Rest of Asia-Pacific (APAC) in Asia-Pacific (APAC), Brazil, Argentina, Rest of South America as a part of South America, UAE, Saudi Arabia, Oman, Qatar, Kuwait, South Africa, Rest of Middle East and Africa (MEA) as a part of Middle East and Africa (MEA).
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Key Market Competitors Covered in the report
Above are the key players covered in the report, to know about more and exhaustive list of craft beer companies, contact us https://www.databridgemarketresearch.com/toc/?dbmr=global-craft-beer-market
Data collection and base year analysis is done using data collection modules with large sample sizes. The market data is analyzed and forecast using market statistical and coherent models. Also market share analysis and key trend analysis are the major success factors in the market report. To know more please request an analyst call or can drop down your enquiry.
The key research methodology used by DBMR research team is data triangulation which involves data mining, analysis of the impact of data variables on the market, and primary (industry expert) validation. Apart from this, data models include Vendor Positioning Grid, Market Time Line Analysis, Market Overview and Guide, Company Positioning Grid, Company Market Share Analysis, Standards of Measurement, Global Vs Regional Analysis and Vendor Share Analysis. To know more about the research methodology, drop in an inquiry to speak to our industry experts.
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Global Craft Beer Market – Industry Trends and Forecast to 2027