Market Size of Europe Craft Beer Industry
| Study Period | 2019 - 2029 |
| Base Year For Estimation | 2023 |
| Forecast Data Period | 2024 - 2029 |
| Historical Data Period | 2019 - 2022 |
| CAGR | 8.62 % |
| Market Concentration | Low |
Major Players
*Disclaimer: Major Players sorted in no particular order |
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Europe Craft Beer Market Analysis
Europe Craft Beer Market is projected to register a CAGR of 8.62% during the forecast period, 2022-2027.
According to Brewers-of-Europe statistics, the removal of alcoholic drinks from takeaway limits had an influence on the European craft beer industry during the COVID period. Government Covid-19 regulations adopted in 2020 have had a significant impact on bars and restaurants, removing 42% of beer hospitality sales volumes in Europe.
Over the medium term, Manufacturers' efforts in establishing new breweries, expenditures in creating new products, a rise in disposable income across Europe, and other factors will drive the market substantially in the projected period.
The number of microbreweries and craft breweries has increased significantly in the previous five years, according to data from European brewers. The industry is experiencing innovative product releases from brewers; these product innovations are increasing the market, as customers are drawn to unique tastes and tastes. Furthermore, the market is fueled by the region's emerging economies such as Croatia, Romania, Serbia, and others. People's disposable income is rising in these developing nations, and consumption of low-alcohol content craft brews is expanding rapidly.
Italy, France, the United Kingdom, Germany, Switzerland, the Netherlands, Belgium, and Spain are the most attractive markets for European craft beer brewers. In the forecast period (2022-2027), these countries will fuel the Europe Craft beer Market.
