Sales of Craft Beer Is Expected to Project a Global Valuation of US$ 174.68 Billion By 2032

The global craft beer market was estimated to have a valuation of US$ 76.3 Bn in 2020 and have reached US$ 81.64 Bn in 2021. The market is going to witness a steady CAGR rate of 6.9%, during the forecast period 2022-2032. By the end of 2032, this market is expected to project a global valuation of US$ 174.68 Bn.

Craft beer is expected to hold the largest share of the growing market until 2032. Craft beer's success in America is largely attributed to a large number of independent microbreweries and the large volumes produced by these breweries.

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The offer in this portion accompanies many open doors including fabricating items, appropriation, retail, and showcasing administrations. Broad rounds of essential and far-reaching optional exploration have been utilized by the examiners at Fact.MR to show up at different assessments and projections for the Demand of the Craft Beer Market at worldwide and provincial levels.

Market Players: -

• Anheuser-Busch InBev SA/NV
• Heineken Holding N.V
• Boston Beer Company Inc.
• Molson Coors Brewing Co.
• Duvel Moortgat NV
• FIFCO USA
• Bells Brewery Inc.
• D.G Yuengling & Sons Inc.
• Sierra Nevada Brewing Co.
• Stone Brewing Co.
• New Belgium Brewing Company
• MillerCoors LLC
• Mark Anthony Brands Inc.
• Alaskan Brewing Company

Key Segments Covered in the Craft Beer Industry Survey

• By Product

• Brown Ale
• Pale Ale
• Porter
• Stout
• Pale Lager
• Pilsner
• Marzens
• Bocks
• Other

• By Brewer

• American Sour
• Non-Alcoholic
• Belgian Fruit Lambic
• Flanders Red Ale
• Belgian Gueuze

• ales Channel

• Microbreweries
• Brewpubs
• Contract Brewing Companies
• Independent Regional Craft Brewing Companies

Competitive Landscape

Strategic collaborations enable manufacturers to increase production and meet consumer demand, which will increase revenue and market share. The advent of new products and technologies will allow end-users to enjoy products that can be flavored by nature.

On October 1st, 2020, AB InBev, one of the largest breweries in the world, completed the long-awaited acquisition of the Craft Brew Alliance. Further, AB InBev purchased the remaining 68.8% shares with $220 million gaining full ownership over the firm.
On August 12, 2021, Coca-Cola FEMSA, the Mexican Bottling company, confirmed its acquisition of the Brazilian beer brand Therezopolis to acquire the Brazilian Craft Beer market.

How Fact.MR Assists in Making Strategic Moves?

The data provided in the Craft Beer Market report offers comprehensive analysis of important industry trends. Industry players can use this data to strategize their potential business moves and gain remarkable revenues in the upcoming period.

The report covers the price trend analysis and value chain analysis along with analysis of diverse offering by market players. The main motive of this report is to assist enterprises to make data-driven decisions and strategize their business moves.

Large volume craft beer production and independent microbreweries to bolster the market

North America is likely to hold the largest share of the growing demand for craft beer until 2032. The variety of independent microbreweries and the production of craft beer in a large volume has become the major reason behind the success of craft beer in the American market.

Independent breweries and the support of small businesses have helped boost the market for craft beers. They have greatly contributed to the development of this market. According to Fact.MR, a 36% market share is anticipated for the North American craft beer industry.

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This release was published on openPR.