The 120-page report segments the craft beer market by product (India pale ale, seasonal craft beer, pale ale, amber ale, and other craft beer) and geography (North America, Europe, APAC, South America, and MEA).
Craft Beer Market Product Outlook (Revenue, USD Billion, 2019-2024)
- India pale ale - size and forecast 2019-2024
- Seasonal craft beer - size and forecast 2019-2024
- Pale ale - size and forecast 2019-2024
- Amber ale - size and forecast 2019-2024
- Other craft beer - size and forecast 2019-2024
The demand for the India pale ale (IPA) craft beer is significant in the global market. The increasing popularity of IPA pale beer among consumers in countries such as the US, China, Australia, the UK, France, Belgium, the Netherlands, and Poland is driving the growth of the segment. The market growth in the segment will be significant during the forecast period.
Craft Beer Market Geography Outlook (Revenue, USD Billion, 2019-2024)
- North America - size and forecast 2019-2024
- Europe - size and forecast 2019-2024
- APAC - size and forecast 2019-2024
- South America - size and forecast 2019-2024
53% of the market growth will originate from North America during the forecast period. The rising number of microbreweries is driving the growth of the regional market. In addition, factors such as improved channels for distribution, rising disposable incomes, and growing preference for craft beer will further accelerate the growth of the craft beer market in North America.
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The market is driven by the increasing popularity of craft beer in developing countries. In addition, the rising population of millennials worldwide is anticipated to boost the growth of the craft beer market.
The purchasing power of middle-income consumers in developing countries has increased over the years. This has resulted in an increase in the demand for innovative products in the food and beverage industry. Besides, the rising per capita income in emerging markets such as China and India has substantially increased the average consumer expenditure. In addition to this, the rising awareness of the health benefits of craft beer among the millennial population has been collectively contributing to the growth of the global craft beer market.
Major Vendors in the Craft Beer Market:
The global craft beer market is fragmented and is characterized by the presence of many regional and international players. Vendors are focusing on new product launches and capacity expansions to gain a competitive edge in the market. Technavio identifies the following as the dominant players in the global craft beer market.
- Anheuser-Busch InBev SA/NV
- Asahi Group Holdings Ltd.
- Carlsberg Breweries AS
- D.G. Yuengling & Son Inc.
- Diageo Plc
- Duvel Moortgat NV
- Heineken NV
- Kirin Holdings Company Ltd.
- New Belgium Brewing Co.
- The Boston Beer Co. Inc.
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Related Reports:
Craft Beer Market Scope |
Report Coverage |
Details |
Page number |
120 |
Base year |
2019 |
Forecast period |
2020-2024 |
Growth momentum & CAGR |
Accelerate at a CAGR of 12.6% |
Market growth 2020-2024 |
USD 47.79 billion |
Market structure |
Fragmented |
YoY growth (%) |
11.35 |
Regional analysis |
North America, Europe, APAC, and South America |
Performing market contribution |
North America at 53% |
Key consumer countries |
US, Germany, Denmark, and China |
Competitive landscape |
Leading companies, competitive strategies, consumer engagement scope |
Companies profiled |
Anheuser-Busch InBev SA/NV, Asahi Group Holdings Ltd., Carlsberg Breweries AS, D.G. Yuengling & Son Inc., Diageo Plc, Duvel Moortgat NV, Heineken NV, Kirin Holdings Company Ltd., New Belgium Brewing Co., and The Boston Beer Co. Inc. |
Market Dynamics |
Parent market analysis, Market growth inducers and obstacles, Fast-growing and slow-growing segment analysis, COVID 19 impact and future consumer dynamics, and market condition analysis for the forecast period. |
Customization purview |
If our report has not included the data that you are looking for, you can reach out to our analysts and get segments customized. |
Table of Contents:
1 Executive Summary
2 Market Landscape
- 2.1 Market ecosystem
- Exhibit 01: Parent market
- Exhibit 02: Market characteristics
- 2.2 Value chain analysis
- Exhibit 03: Value chain analysis
3 Market Sizing
- 3.1 Market definition
- Exhibit 04: Offerings of vendors included in the market definition
- 3.2 Market segment analysis
- Exhibit 05: Market segments
- 3.4 Market outlook: Forecast for 2020 - 2025
- Exhibit 06: Global - Market size and forecast 2020 - 2025 ($ billion)
- Exhibit 07: Global market: Year-over-year growth 2020 - 2025 (%)
4 Five Forces Analysis
- 4.1 Five forces summary
- Exhibit 08: Five forces analysis 2020 & 2025
- 4.2 Bargaining power of buyers
- Exhibit 09: Bargaining power of buyers
- 4.3 Bargaining power of suppliers
- Exhibit 10: Bargaining power of suppliers
- 4.4 Threat of new entrants
- Exhibit 11: Threat of new entrants
- 4.5 Threat of substitutes
- Exhibit 12: Threat of substitutes
- 4.6 Threat of rivalry
- Exhibit 13: Threat of rivalry
- 4.7 Market condition
- Exhibit 14: Market condition - Five forces 2020
5 Market Segmentation by Product
- 5.1 Market segments
- Exhibit 15: Product - Market share 2020-2025 (%)
- 5.2 Comparison by Product
- Exhibit 16: Comparison by Product
- 5.3 India pale ale - Market size and forecast 2020-2025
- Exhibit 17: India pale ale - Market size and forecast 2020-2025 ($ billion)
- Exhibit 18: India pale ale - Year-over-year growth 2020-2025 (%)
- 5.4 Seasonal craft beer - Market size and forecast 2020-2025
- Exhibit 19: Seasonal craft beer - Market size and forecast 2020-2025 ($ billion)
- Exhibit 20: Seasonal craft beer - Year-over-year growth 2020-2025 (%)
- 5.5 Pale ale - Market size and forecast 2020-2025
- Exhibit 21: Pale ale - Market size and forecast 2020-2025 ($ billion)
- Exhibit 22: Pale ale - Year-over-year growth 2020-2025 (%)
- 5.6 Amber ale - Market size and forecast 2020-2025
- Exhibit 23: Amber ale - Market size and forecast 2020-2025 ($ billion)
- Exhibit 24: Amber ale - Year-over-year growth 2020-2025 (%)
- 5.7 Other craft beer - Market size and forecast 2020-2025
- Exhibit 25: Other craft beer - Market size and forecast 2020-2025 ($ billion)
- Exhibit 26: Other craft beer - Year-over-year growth 2020-2025 (%)
- 5.8 Market opportunity by Product
- Exhibit 27: Market opportunity by Product
6 Customer landscape
- 6.1 Customer landscape
- Exhibit 28: Customer landscape
7 Geographic Landscape
- 7.1 Geographic segmentation
- Exhibit 29: Market share by geography 2020-2025 (%)
- 7.2 Geographic comparison
- Exhibit 30: Geographic comparison
- 7.3 North America - Market size and forecast 2020-2025
- Exhibit 31: North America - Market size and forecast 2020-2025 ($ billion)
- Exhibit 32: North America - Year-over-year growth 2020-2025 (%)
- 7.4 Europe - Market size and forecast 2020-2025
- Exhibit 33: Europe - Market size and forecast 2020-2025 ($ billion)
- Exhibit 34: Europe - Year-over-year growth 2020-2025 (%)
- 7.5 APAC - Market size and forecast 2020-2025
- Exhibit 35: APAC - Market size and forecast 2020-2025 ($ billion)
- Exhibit 36: APAC - Year-over-year growth 2020-2025 (%)
- 7.6 South America - Market size and forecast 2020-2025
- Exhibit 37: South America - Market size and forecast 2020-2025 ($ billion)
- Exhibit 38: South America - Year-over-year growth 2020-2025 (%)
- 7.7 MEA - Market size and forecast 2020-2025
- Exhibit 39: MEA - Market size and forecast 2020-2025 ($ billion)
- Exhibit 40: MEA - Year-over-year growth 2020-2025 (%)
- 7.8 Key leading countries
- Exhibit 41: Key leading countries
- 7.9 Market opportunity by geography
- Exhibit 42: Market opportunity by geography ($ billion)
8 Drivers, Challenges, and Trends
- 8.2 Market challenges
- Exhibit 43: Impact of drivers and challenges
9 Vendor Landscape
- 9.2 Vendor landscape
- Exhibit 44: Vendor landscape
- 9.3 Landscape disruption
- Exhibit 45: Landscape disruption
- Exhibit 46: Industry risks
10 Vendor Analysis
- 10.1 Vendors covered
- Exhibit 47: Vendors covered
- 10.2 Market positioning of vendors
- 10.3 Anheuser-Busch InBev SA/NV
- Exhibit 49: Anheuser-Busch InBev SA/NV - Overview
- Exhibit 50: Anheuser-Busch InBev SA/NV - Business segments
- Exhibit 51: Anheuser-Busch InBev SA/NV - Key news
- Exhibit 52: Anheuser-Busch InBev SA/NV - Key offerings
- Exhibit 53: Anheuser-Busch InBev SA/NV - Segment focus
- 10.4 Asahi Group Holdings Ltd.
- Exhibit 54: Asahi Group Holdings Ltd. - Overview
- Exhibit 55: Asahi Group Holdings Ltd. - Business segments
- Exhibit 56: Asahi Group Holdings Ltd. - Key news
- Exhibit 57: Asahi Group Holdings Ltd. - Key offerings
- Exhibit 58: Asahi Group Holdings Ltd. - Segment focus
- 10.5 Carlsberg Breweries AS
- Exhibit 59: Carlsberg Breweries AS - Overview
- Exhibit 60: Carlsberg Breweries AS - Business segments
- Exhibit 61: Carlsberg Breweries AS - Key news
- Exhibit 62: Carlsberg Breweries AS - Key offerings
- Exhibit 63: Carlsberg Breweries AS - Segment focus
- 10.6 D.G. Yuengling & Son Inc.
- Exhibit 64: D.G. Yuengling & Son Inc. - Overview
- Exhibit 65: D.G. Yuengling & Son Inc. - Product and service
- Exhibit 66: D.G. Yuengling & Son Inc. - Key news
- Exhibit 67: D.G. Yuengling & Son Inc. - Key offerings
- 10.7 Diageo Plc
- Exhibit 68: Diageo Plc - Overview
- Exhibit 69: Diageo Plc - Business segments
- Exhibit 70: Diageo Plc - Key news
- Exhibit 71: Diageo Plc - Key offerings
- Exhibit 72: Diageo Plc - Segment focus
- 10.8 Duvel Moortgat NV
- Exhibit 73: Duvel Moortgat NV - Overview
- Exhibit 74: Duvel Moortgat NV - Business segments
- Exhibit 75: Duvel Moortgat NV - Key offerings
- 10.9 Heineken NV
- Exhibit 76: Heineken NV - Overview
- Exhibit 77: Heineken NV - Business segments
- Exhibit 78: Heineken NV - Key news
- Exhibit 79: Heineken NV - Key offerings
- 10.10 Kirin Holdings Company Ltd.
- Exhibit 80: Kirin Holdings Company Ltd. - Overview
- Exhibit 81: Kirin Holdings Company Ltd. - Business segments
- Exhibit 82: Kirin Holdings Company Ltd. - Key offerings
- Exhibit 83: Kirin Holdings Company Ltd. - Segment focus
- 10.11 New Belgium Brewing Co.
- Exhibit 84: New Belgium Brewing Co. - Overview
- Exhibit 85: New Belgium Brewing Co. - Product and service
- Exhibit 86: New Belgium Brewing Co. - Key offerings
- 10.12 The Boston Beer Co. Inc.
- Exhibit 87: The Boston Beer Co. Inc. - Overview
- Exhibit 88: The Boston Beer Co. Inc. - Product and service
- Exhibit 89: The Boston Beer Co. Inc. - Key offerings
11 Appendix
- 11.2 Currency conversion rates for US$
- Exhibit 90: Currency conversion rates for US$
- 11.3 Research methodology
- Exhibit 91: Research Methodology
- Exhibit 92: Validation techniques employed for market sizing
- Exhibit 93: Information sources
- 11.4 List of abbreviations
- Exhibit 94: List of abbreviations
About Technavio
Technavio is a leading global technology research and advisory company. Their research and analysis focus on emerging market trends and provides actionable insights to help businesses identify market opportunities and develop effective strategies to optimize their market positions.
With over 500 specialized analysts, Technavio's report library consists of more than 17,000 reports and counting, covering 800 technologies, spanning across 50 countries. Their client base consists of enterprises of all sizes, including more than 100 Fortune 500 companies. This growing client base relies on Technavio's comprehensive coverage, extensive research, and actionable market insights to identify opportunities in existing and potential markets and assess their competitive positions within changing market scenarios.
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