According to a recent published report by BlueWeave Consulting, “Global Craft Beer Market, by Product Type, by Distribution, by Region, Growth Potential, Competitive Market Share and Forecast, 2014–2025” The global craft beer market was registered at USD 18.33 billion in 2017 and it is expected to grow with a CAGR of 22.76% during the forecast period 2018–2025 owing to growing consumer preferences for low alcoholic and flavored beer products.

Moreover, rising awareness pertaining to numerous health concerns, increasing government support and social gatherings among youth is fueling the demand for craft beer. Surging demand for craft beer owing to the rising disposable income and consumer’s preferences towards a healthy lifestyle has influenced the people to adopt low content alcohol drinks like craft beer.

Lager is projected to be the leading segment of the overall craft beer product market during the forecast period.

On the basis of product type, the craft beer market has been segmented into Lager, Ale, Stout & Porter and Others. Lager dominates the global craft beer with 68.21% market share of the total craft beer market and projected to lead the market over the forecast period 2018–2025 owing to the increase in preference for lower but value-based product consumption of alcohol. Moreover, the carbohydrates present in lager are beneficial for health along with other benefits. Ale is projected to be the fastest growing segment for craft beer market in terms of value with a CAGR over 25% for the forecast period, 2018–2025.

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North America holds the largest share of the global craft beer market during the forecast period.

On the basis of region, the craft beer market has been segmental into North America, Europe, Asia Pacific, Middle East & Africa, and Latin America. North America dominates the world craft beer with 36.26% market share of the entire craft beer market and projected to lead the market over the forecast period, 2018–2025. Europe is expected to account for the largest market share in terms of value as well as volume. High consumption coupled with consumer preference for flavored brews is expected to drive market growth over the projected period.

Global Craft Beer Market Competitive Landscape

Global Craft Beer market is highly competitive, with players developing wide range of verities. Some of the key players operating in the Global Craft Beer ecosystem are D.G. Yuengling and Son, Gambrinus Company, Heineken N.V, Boston Beer Company, Sierra Nevada Brewing Company, and Belgium Brewing. Most of the major vendors in the global craft beer market are actively focused on enhancing their offerings to meet the ongoing demand.

Objective of the Study:

To analyze and forecast market size of the world craft brew market, in terms of useful & volume
To examine the careful market segmentation and forecast the market size, in terms useful, on the premise of the region by segmenting world craft brew market into 5 regions, namely, North America, Europe, Asia Pacific, Middle East, and geographical area.
To outline, categorized and forecast the world brew market on the premise of product kind and channel.
To examine competitive developments like expansions, technological advancement, new flavor launches, services, and regulative framework within the world Craft brew market.
To pinpoint the drivers and challenges for the world craft brew market
To spot the profile of leading players, that area unit concerned within the producing and provide off craft brew globally.
Strategic Outlook for major Industry Player

In March 2018, D.G. Yuengling and Son have added a new beer to its craft beer product portfolio, known as Golden Pilsner, a modern pilsner crafted with the perfect balance of malt and hop for crisp, smooth refreshment.
In May 2017, Heineken N.V acquired the 100% stake in Lagunitas, a craft beer maker (having entered a 50/50 partnership in 2015), allowing the company to accelerate the expansion of the brand to many markets around the world
In Aug 2017, New Belgium Brewing has entered into a licensing agreement with Mohegan Sun, to feature New Belgium brand in Mohegan’s gaming area. The company Taproom within the gaming area, will feature 12 craft beer lines, including sour and seasonal releases, expanding its presence in the east coast
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