Craft Beer Market Size

Report on Industry Size & Market Share Analysis - Growth Trends & Forecasts (2024 - 2029)

The Global Craft Beer Industry Growth & Analysis is Segmented by Type (Ales, Pilsners and Pale Lagers, Specialty Beers, and Other Types), Distribution Channel (On-trade and Off-trade), and Geography (North America, Europe, Asia-Pacific, South America, and Middle East and Africa). The report offers market size and values in (USD Million) during the forecast period for the above segments.

Craft Beer Market Size

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Craft Beer Market Summary
Study Period 2019 - 2029
Market Volume (2024) 6.52 Billion liters
Market Volume (2029) 10.03 Billion liters
CAGR (2024 - 2029) 9.00 %
Fastest Growing Market Asia-Pacific
Largest Market North America

Major Players

Craft Beer Market Major Players

*Disclaimer: Major Players sorted in no particular order

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Craft Beer Market Analysis

The Craft Beer Market size is estimated at 6.52 Billion liters in 2024, and is expected to reach 10.03 Billion liters by 2029, growing at a CAGR of 9% during the forecast period (2024-2029).

Post Covid-19 as the worldwide restrictions imposed on functional cafes and pubs were lifted, the mass consumption segment of craft beers, i.e., on-trade channels, came back to normal and witnessed a steady recovery rate. The off-trade distribution segment witnessed remarkable growth as the store and online alcohol sales soared across the world. Hence, the overall sales of craft beers steamed up again after the pandemic.

In the past, low-ABV beers have been mostly considered tasteless, but they are now getting a reboot by craft brewers. The scenario is much more prominent in European countries like Sweden, where brewers are seeking to bring changes to the craft beer market. The craft beer industry is constantly changing, but with planning, breweries can prepare themselves for what the craft beer market demands.

The demand for low-alcoholic beverages has been rising with the growing interest of health-conscious consumers. Wider choices of the new product range by key players with improved taste and low alcoholic content in beer for those of 2.8% ABV and less are driving the market. However, the threat from other alcoholic beverages, like wine, is one of the major hindering factors to the craft beer market.

Craft Beer Market Trends

This section covers the major market trends shaping the Craft Beer Market according to our research experts:

Rising Number of Microbreweries

Craft beer has been increasingly gaining a strong foothold in the market, with a rising number of independent microbreweries coming up to provide numerous products. The growing popularity of craft beer among consumers, especially the younger generation, is considered the major growth factor. Factors affecting the shift toward craft beer consumption are the demand for variety, higher disposable income, taste for flavor, and beer quality. There is a growing trend for low-alcohol by-volume beverages. Sales of no-alcohol and low-alcohol beers have also increased due to increased interest from health-conscious customers and a better selection of new varieties with superior taste. The growth of the craft beer market is inherently associated with the growth in consumer desire for variety.

Furthermore, shifting consumer demand toward variety and taste for flavor has led to the inclusion of microbreweries into the craft beer industry. By large, the active participation of macro-brewers is promoting the craft beer market. These new brewers have been driving the exports that first led to the stabilization and incremental growth in the craft beer industry. With more and more microbreweries participating, the market has been witnessing intense competition among these brewers in terms of product innovation and differentiation using flavors, packaging, price, and producing techniques. Thus, the rising number of microbreweries and small independent breweries has been a crucial factor driving the craft beer market growth globally.

Craft Beer Market: Number of operating craft breweries (in 1,000), United States, 2016-2021

North America Dominates the Market

North America caters to a large share of the craft beer market. The rising number of microbreweries has surged the popularity of craft beer in the North American market. The increase in the number of breweries in the United States has increased the demand for craft beers exponentially. According to the Brewers Association, the number of craft breweries in the United States increased from 8391 in 2019 to 9118 in 2021. Social media and local events and promotions significantly drive the craft movement. Millennials in the region are more interested in craft beer than regular ones because of its rich and vibrant taste. Due to the rising demand for craft beers among the young population and the surging demand for low-alcohol craft beers in the region, the market players have come up with numerous product innovations. For instance, in 2021, Stella Artois, a brand under Anheuser-Busch, launched a non-alcoholic brew, Liberte, in the United States.

Craft Beer Market: Market Size (%), By Geography, Global, 2021

Craft Beer Industry Overview

AB In Bev, Heineken NV, Constellation Brands, the Boston Beer Company, Molson Coors Beverage Company, and Sierra Nevada Brewing Co. are some of the key players in the market. The market is highly competitive, considering the presence of many global and regional players. The regional brewers cater to a large portion of the craft beer market. Both global and regional players have catered to the rising consumer demand for the product with their extensive product innovations in terms of flavors, packaging, and alcohol content.

Craft Beer Market Leaders

  1. Anheuser-Busch InBev

  2. Heineken NV

  3. The Boston Beer Company Inc.

  4. Molson Coors Beverage Company

  5. Constellation Brands

*Disclaimer: Major Players sorted in no particular order

Craft Beer Market Concentration
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Craft Beer Market News

  • In October 2022, as part of Anheuser-Busch InBev's strategy to accelerate economic growth in China and better meet consumer needs, Budweiser APAC opened a new brewery in Putian, China. A Budweiser craft brewery in the Fujian province is Budweiser's largest craft brewery in the Asia-Pacific.
  • In April 2022, Bell's Brewery Inc. announced the launch of its new specialty beer, Sparkle and SMaSH, a Belgian Tripel brewed blend of single malt and hops, to celebrate women in the craft beer community.
  • In March 2022, the Modelo Company announced the launch of new products, including an expansion on their successful flavor-forward Cheladas and new test offerings, such as a premium light beer, Modelo Oro. Modelo Chelada Naranja Picosa, Modelo Chelada Limón y Sal, Modelo Oro, Modelo Cantarito-Style Cerveza, and Modelo Ranch Water are among the new offerings.

Craft Beer Market Report - Table of Contents

  1. 1. INTRODUCTION

    1. 1.1 Study Assumptions and Market Definition

    2. 1.2 Scope of the Study

  2. 2. RESEARCH METHODOLOGY

  3. 3. EXECUTIVE SUMMARY

  4. 4. MARKET DYNAMICS

    1. 4.1 Market Drivers

    2. 4.2 Market Restraints

    3. 4.3 Porter's Five Forces Analysis

      1. 4.3.1 Bargaining Power of Suppliers

      2. 4.3.2 Bargaining Power of Buyers

      3. 4.3.3 Threats of New Entrants

      4. 4.3.4 Threat of Substitute Product and Services

      5. 4.3.5 Competitive Rivarly In the Industry

  5. 5. MARKET SEGMENTATION

    1. 5.1 Type

      1. 5.1.1 Ales

      2. 5.1.2 Pilsners and Pale Lagers

      3. 5.1.3 Specialty Beers

      4. 5.1.4 Other Types

    2. 5.2 Distribution Channel

      1. 5.2.1 On-trade

      2. 5.2.2 Off-trade

    3. 5.3 Geography

      1. 5.3.1 North America

        1. 5.3.1.1 United States

        2. 5.3.1.2 Canada

        3. 5.3.1.3 Mexico

        4. 5.3.1.4 Rest of North America

      2. 5.3.2 Europe

        1. 5.3.2.1 Germany

        2. 5.3.2.2 France

        3. 5.3.2.3 United Kingdom

        4. 5.3.2.4 Italy

        5. 5.3.2.5 Spain

        6. 5.3.2.6 Russia

        7. 5.3.2.7 Rest of Europe

      3. 5.3.3 Asia-Pacific

        1. 5.3.3.1 India

        2. 5.3.3.2 China

        3. 5.3.3.3 Japan

        4. 5.3.3.4 Australia

        5. 5.3.3.5 Rest of Asia-Pacific

      4. 5.3.4 South America

        1. 5.3.4.1 Brazil

        2. 5.3.4.2 Argentina

        3. 5.3.4.3 Rest of South America

      5. 5.3.5 Middle East and Africa

        1. 5.3.5.1 United Arab Emirates

        2. 5.3.5.2 South Africa

        3. 5.3.5.3 Rest of Middle East and Africa

  6. 6. COMPETITIVE LANDSCAPE

    1. 6.1 Market Share Analysis

    2. 6.2 Key Strategies Adopted

    3. 6.3 Company Profiles

      1. 6.3.1 Anheuser-Busch InBev

      2. 6.3.2 Molson Coors Beverage Company

      3. 6.3.3 Heineken NV

      4. 6.3.4 The Boston Beer Company Inc.

      5. 6.3.5 Constellation Brands

      6. 6.3.6 D.G. Yuengling & Son Inc.

      7. 6.3.7 New Belgium Brewing Company Inc.

      8. 6.3.8 Bell's Brewery Inc.

      9. 6.3.9 Stone and Wood Brewing Co.

      10. 6.3.10 Sierra Nevada Brewing Co.

    4. *List Not Exhaustive
  7. 7. MARKET OPPORTUNITIES AND FUTURE TRENDS

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Craft Beer Industry Segmentation

Craft beers are mostly rich in taste and are of good quality. These beers have a distinct taste from regular watery beer, which is usually mass-produced. The craft beer market is segmented by type, distribution channel, and geography. Based on the type of craft beer, the scope includes ales, pilseners and pale lagers, specialty beers, and other types. By distribution channel, the market is further segmented into on-trade and off-trade distribution. Based on geography, the market is segmented into North America, Europe, Asia-Pacific, South America, and the Middle East and Africa. For each segment, the market sizing and forecasts have been based on values in USD million.

Type
Ales
Pilsners and Pale Lagers
Specialty Beers
Other Types
Distribution Channel
On-trade
Off-trade
Geography
North America
United States
Canada
Mexico
Rest of North America
Europe
Germany
France
United Kingdom
Italy
Spain
Russia
Rest of Europe
Asia-Pacific
India
China
Japan
Australia
Rest of Asia-Pacific
South America
Brazil
Argentina
Rest of South America
Middle East and Africa
United Arab Emirates
South Africa
Rest of Middle East and Africa
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Craft Beer Market Research FAQs

The Craft Beer Market size is expected to reach 6.52 billion liters in 2024 and grow at a CAGR of 9% to reach 10.03 billion liters by 2029.

In 2024, the Craft Beer Market size is expected to reach 6.52 billion liters.

Anheuser-Busch InBev, Heineken NV, The Boston Beer Company Inc., Molson Coors Beverage Company and Constellation Brands are the major companies operating in the Craft Beer Market.

Asia-Pacific is estimated to grow at the highest CAGR over the forecast period (2024-2029).

In 2024, the North America accounts for the largest market share in Craft Beer Market.

In 2023, the Craft Beer Market size was estimated at 5.98 billion liters. The report covers the Craft Beer Market historical market size for years: 2019, 2020, 2021, 2022 and 2023. The report also forecasts the Craft Beer Market size for years: 2024, 2025, 2026, 2027, 2028 and 2029.

The future growth prospects for Craft Beer in emerging markets are a) Younger generations are more adventurous and open to trying new tastes, driving demand for craft beer's variety b) Growth of online platforms, specialty stores, and craft beer bars can enhance accessibility and visibility

Craft Beer Industry Report

The global craft beer market is poised for significant expansion, primarily fueled by a shift towards unique, artisanal flavors and health-conscious, low-alcohol options. The surge in craft lagers and ales highlights the market's dynamic innovation in taste, further accelerated by the proliferation of microbreweries and brewpubs that offer an authentic, personalized beer experience. Despite facing competition from other craft beverages, the craft beer sector sees vast opportunities in broadening its product range to attract health-focused consumers and in harnessing digital platforms for greater reach. With North America and Europe at the forefront of market growth and Asia-Pacific emerging as a potent market, the craft beer landscape is marked by intense innovation and competition, aiming to cater to an ever-expanding palette of consumer preferences, as detailed in Mordor Intelligence™ comprehensive market analysis and forecasts. Get a sample of this industry analysis as a free report PDF download.

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Craft Beer Market Size & Share Analysis - Growth Trends & Forecasts (2024 - 2029)