Craft Beer Market Size, Trends and Cost with Global Forecast by 2029

Fact.MR has recently published a fresh research assessment titled Craft Beer Market Forecast, Trend Analysis & Competition Tracking – Global Market Insights 2019 to 2029 which present a comprehensive outlook related to the ongoing trends and opportunities set to influence the global Craft Beer market. This report functions to enlighten readers about the expected growth prospects and dynamics which would reforming the target market between 2019 and 2029. According to research findings, the global Craft Beer market is estimated to record growth at 7% CAGR during the forecast period until 2029.

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This intelligent assessment provides exclusive information associated to potential sales upgradation and demand for Craft Beeracross prime economies. In addition, readers can access precise data related to section-wise market investigation in terms of Pricing Analysis, Product Type, Brewer Type Sales Channel. On the basis of regional analysis, the examination stresses on the prime geographies; namely UK, Portugal, Spain, Belgium, Greece, Norway

The craft beer has become quite popular since the last decade, and prominent companies have already increased their regional presence to increase their market share in the global craft beer market. Fact.MR reveals that the global craft beer market is likely to reach peak maturity levels, and is expected to grow at a healthy CAGR of 7% in the forecast period. This notable growth is mainly influenced by the dominance of small and independent brewers, which will significantly increase during the forecast period.

Fact.MR also found that increasing consumer demand for premium and flavored craft beer is fueling the growth of the craft beer market through 2029. Increasing consumer inclination towards craft beer products combined with exceptional taste is expected to increase in the upcoming future.

Craft brewers are already introducing craft beer in various flavors, and are focused on using advanced technology for malt ingredient production which is expected to create lucrative opportunities for the global craft beer market. A new study conducted by Fact.MR also finds that, globally, fruit additive based and unfermented craft beer have significant demand. Moreover, among various products, pale ales account for more than 25% demand in the total craft beer market. It has also been seen that more than 67% of consumers prefer to drink craft beer through independent regional craft brewing companies. The number of craft breweries in the US is increasing tremendously, mainly in California, Florida, Colorado, North Carolina, New York, Oregon, and Pennsylvania.

The quality of raw materials such as wheat, barley, and maize is a crucial factor for craft beer production. Barley and wheat offer various benefits, and produce is not restricted to a particular type or grade, and both species are known to adapt to a range of climatic conditions. Hence, the easy availability of quality raw material is also creating lucrative opportunities for the craft beer market at the global level. An increasing number of lounges and bars is also influencing the craft beer market to a great extent. Furthermore, according to the brewer’s association, the new brewpub opening has been significantly increased since the last four years in various regions.

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As the report concludes, readers can receive precise data highlighting the competitive landscape active across the global Craft Beer market. This portion clearly details about the contributions provided by leading manufacturers towards the development of the Craft Beer market. Furthermore, insights related to competitive trends are clearly discoursed for benefitting stakeholders and new investors.