Market researcher reveals predictions for global craft beer market

According to market researcher Fact.MR, the global craft beer market will register a moderate CAGR over the forecast period 2017-2022.

Revenues from the market are expected to reach nearly US$ 20,000 million by 2022. Sales of craft beer has been predicted to showcase a stagnant expansion, however demand from people is anticipated to witness a significant rise in the next couple of years.

Vendors of craft beer have been concentrating on differentiation of their products and services, with unique as well as clear value propositions. The aforementioned factors might influence growth of the market during the forecast period.

Key estimations for the future of the global craft beer market:

  • Europe will retain its dominance in the global craft beer market during 2017 to 2022. American beer have been successfully penetrating into the European market, with increasing demand for different flavours. Craft beer in Europe is expected gain a competitive edge over other alcoholic products available in the region. These factors will drive the market growth in Europe
  • Craft beer sales in Asia Pacific excluding Japan (APEJ) will register the fastest expansion as compared to all the other regional segments detailed in Fact.MR’s report
  • Based on fermenting style, American sour craft beer will remain dominant in the market, accounting for approximately one-third revenue share of the market over the forecast period
  • Belgian Gueuze will continue to be the second largest fermenting style segment in the global craft beer market
  • Based on distribution channel, craft beer sales in independent regional craft brewing company, and contract brewing company will exhibit a parallel expansion through 2022
  • Microbreweries will continue to be the most lucrative distribution channel in the global craft beer market
  • Bocks are estimated to remain the fastest selling product in the global craft beer market
  • Brown ales will continue to be the most lucrative craft beer, with sales poised to exceed revenues worth US$ 4,000m by the end of the forecast period
  • Sales of pale ales will register a relatively lower CAGR than that of bocks, and comparatively higher CAGR than that of brown ales through 2022
  • Key players in the global craft beer market include North American Breweries Inc., SweetWater Brewing Company, LLC, Bells brewery Inc., Duvel Moortgat NV, Heineken Holding N.V., Anheuser-Busch InBev SA/NV, Sierra Nevada Brewing Co., Stone Brewing Co., D.G. Yuengling & Son, Inc., and The Boston Beer Company, Inc.

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