Global Craft Beer Food Market – Industry Trends and Forecast to 2030

Global Craft Beer Food Market, By Product Type (Ale, Lagers, Specialty Beers, Others), Distribution Channel (On- Trade, Off- Trade), Age Group (21–35 Years Old, 40–54 Years Old, 55 Years and Above) – Industry Trends and Forecast to 2030.

Craft Beer Food Market Analysis and Size

Within the world of craft beer, there is a community that is passionate about the style of beer and enjoys drinking it. People are drinking craft beer more frequently as a result of the allure of trying new types of beer, which is critical for the market's growth.

Data Bridge Market Research analyses that the Global Craft Beer Food Market which was USD 2,733.72 million in 2022, would rocket up to USD 5,572.20 million by 2030, and is expected to undergo a CAGR of 12.4% during the forecast period. This indicates that the market value. “21-35 years” dominates the age group segment of the craft beer food market owing to the growing millennial population. In addition to the insights on market scenarios such as market value, growth rate, segmentation, geographical coverage, and major players, the market reports curated by the Data Bridge Market Research also include in-depth expert analysis, geographically represented company-wise production and capacity, network layouts of distributors and partners, detailed and updated price trend analysis and deficit analysis of supply chain and demand.

Report Scope and Market Segmentation

Market Definition

Craft beer is essentially traditional beer made in small breweries. It is high in silicon, antioxidants, protein, and vitamin B complex, and thus provides numerous health benefits. Ales, lagers, specialty beers, and other types of craft beer are among the most popular.

Craft Beer Food Market Dynamics

Drivers

• Growing Millennial Population

 The rising popularity of organic alcoholic beverages, and the growing millennial population, are driving the growth of the craft beer market

• Rise in Social Media Marketing

Rising disposable income, an increase in the number of female drinkers, and increased social media marketing are important factors acting as craft beer market growth determinants in the forecast period

Opportunities

• Changing Consumer Lifestyles and Preferences

The market's overall growth has been tempered by changing consumer lifestyles and preferences. Furthermore, rapid urbanization and an increasing population are expected to accelerate the market's overall growth

Restraint/Challenge

• High Excise Duties

On the other hand, the high excise duties may pose a significant challenge to the market growth rate during the forecast period. The fluctuation in raw material prices, on the other hand, is expected to stifle market growth

This craft beer food market report provides details of new recent developments, trade regulations, import-export analysis, production analysis, value chain optimization, market share, impact of domestic and localized market players, analyses opportunities in terms of emerging revenue pockets, changes in market regulations, strategic market growth analysis, market size, category market growths, application niches and dominance, product approvals, product launches, geographic expansions, technological innovations in the market. To gain more info on the craft beer food market contact Data Bridge Market Research for an Analyst Brief, our team will help you take an informed market decision to achieve market growth

Recent Developments

• In October 2020, AB InBev, one of the world's largest breweries, has completed the Craft Brew Alliance's long-awaited acquisition. AB InBev also paid $220 million for the remaining 68.8% of the company's shares, giving it full control
• In August 2021, The Mexican bottling company Coca-Cola FEMSA has confirmed its acquisition of the Brazilian beer brand Therezopolis in order to gain access to the Brazilian Craft Beer market
• In April 2021, Due to the growing demand for bold and exquisite flavours, B9 Beverages Pvt. Ltd., under the brand Bira91, has announced plans to launch limited edition craft beers in various flavours in India

Global Craft Beer Food Market Scope

The craft beer food market is segmented on the basis of product type, distribution channel and age group. The growth amongst these segments will help you analyze meagre growth segments in the industries and provide the users with a valuable market overview and market insights to help them make strategic decisions for identifying core market applications.

Product Type

• Ale
• Lagers
• Specialty Beers
• Others

Distribution Channel

• On-Trade
• Off-Trade

Age Group

• 21-35 Years Old
• 40-54 Years Old
• 55 Years and Above

Craft Beer Food Market Regional Analysis/Insights

The craft beer market is analysed and market size insights and trends are provided by product type, distribution channel and age group as referenced above.

The countries covered in the craft beer market report are U.S., Canada and Mexico in North America, Germany, France, U.K., Netherlands, Switzerland, Belgium, Russia, Italy, Spain, Turkey, Rest of Europe in Europe, China, Japan, India, South Korea, Singapore, Malaysia, Australia, Thailand, Indonesia, Philippines, Rest of Asia-Pacific (APAC) in the Asia-Pacific (APAC), Saudi Arabia, U.A.E., South Africa, Egypt, Israel, Rest of Middle East and Africa (MEA) as a part of Middle East and Africa (MEA), Brazil, Argentina and Rest of South America as part of South America

The Asia-Pacific region dominates the craft beer market and will maintain its dominance throughout the forecast period, owing to rising beer demand and rising disposable income in the region from 2023 to 2030. North America, on the other hand, is expected to grow rapidly due to the increasing popularity of new flavours and the region's growing number of microbreweries with large volumetric production.

The country section of the report also provides individual market impacting factors and changes in regulation in the market domestically that impacts the current and future trends of the market. Data points such as down-stream and up-stream value chain analysis, technical trends and porter's five forces analysis, case studies are some of the pointers used to forecast the market scenario for individual countries. Also, the presence and availability of global brands and their challenges faced due to large or scarce competition from local and domestic brands, impact of domestic tariffs and trade routes are considered while providing forecast analysis of the country data.

Competitive Landscape and Craft Beer Food Market Share Analysis

The craft beer food market competitive landscape provides details by competitor. Details included are company overview, company financials, revenue generated, market potential, investment in research and development, new market initiatives, global presence, production sites and facilities, production capacities, company strengths and weaknesses, product launch, product width and breadth, application dominance. The above data points provided are only related to the companies' focus related to craft beer food market.

Some of the major players operating in the craft beer food market are:

• Davide Campari-Milano N.V. (Netherlands)
• Diageo PLC (U.K.)
• Halewood International Limited (U.K.)
• Asahi Group Holdings, Ltd. (Japan)
• Accolade Wines (Australia)
• Bacardi Limited (Bermuda)
• Mike's Hard Lemonade Co. (U.S.)
• Castel Group (France)
• Suntory Holdings Limited (Japan)
• Anheuser-Busch InBev SA/NV (Belgium)
• The Brown-Forman Corporation (U.S.)
• United Brands Company, Inc. (U.S.)
• PernodRicard SA (France)
• The Miller Brewing Company (U.S.)