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Craft Beer Market Assessment and Precise Outlook To 2025 – Global Industry Size & Research Report By Million Insights

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Craft Beer Market Assessment and Precise Outlook To 2025 – Global Industry Size & Research Report By Million Insights

May 04
05:35 2020
Craft Beer Market Assessment and Precise Outlook To 2025 - Global Industry Size & Research Report By Million Insights

Million Insights – World’s Fastest Growing Market Research Database
According to new report available with Million Insights, the global Craft Beer industry is predicted to grow at a CAGR of 19.9% in the forecast period, providing numerous opportunities for market players to invest in research and development of the market.

Market Slingshot:

The scope of the global Craft Beer Market was appreciated at US$ 85.02 billion in 2015. The range is projected to touch US$ 502.9 billion by 2025, growing at a CAGR of 19.9% for the duration of the forecast.

This is attributed to increasing consumer base in the developing economies like India; thanks to high disposable income and high millennial population. It has been reported that millennials are all the more enthusiastic with regards to trying out novel flavors and variants as compared to the other section of population. Plus, millennials’ spending power is on the higher note and likely to increase by leaps and bounds.

Trends and Regional Insights:

The manufacturers are looking at the millennials to have a greater market share by launching novel products and coming up with marketing campaigns for attracting this segment. North America did account for the largest share as of 2017 and is expected to continue with the winning streak in the upcoming period as well. Europe comes in second; as cold weather calls for extra-consumption of beer (craft beer, in particular). Asia Pacific is expected to surpass Europe and North America due to the reasons stated above.

You Can Also Get Absolutely Free Sample Copy at: https://www.millioninsights.com/industry-reports/craft-beer-market/request-sample

Market Segmentation:

The global craft beer market is segmented based on product and geography. By product, the segmentation states amber ale, pale ale, seasonal craft beer, IPA, and other craft beer. By geography, the same market says North America, Europe, Asia Pacific, LATAM, and MEA. The “Brewers Association”, a U.S.-based trade group, does define craft breweries as “exclusive, small, and traditional”. In the UK, the “Society of Independent Brewers (SIBA)” run the “Assured Independent British Craft Brewer” initiative to make sure that the beers carrying the “Independent Craft Brewer” logo turn out to be relatively independent, small, and brewing quality ones.

Players:

The players contributing to the craft beer market include Boston Beer, Duvel Moortgat, D.G. Yuengling & Son, Anheuser-Busch InBev, and New Belgium Brewing Company. They are looking toward inorganic growth to sustain themselves amidst competition.

Want To Access Full Research Report On Global Craft Beer Market? Click Here: https://www.millioninsights.com/industry-reports/craft-beer-market

Market Segment:

Craft Beer Distribution Outlook (Volume, Billion Liters; Revenue, USD Billion, 2014 – 2025)
    • On-trade
    • Off-trade

Craft Beer Region Outlook (Volume, Billion Liters; Revenue, USD Billion, 2014 – 2025)
    • North America
        • U.S.
    • Europe
        • Germany
        • UK
    • Asia Pacific
        • Australia
        • China
        • India
        • Japan
        • New Zealand
    • Central & South America
        • Brazil
    • Middle East & Africa
        • South Africa

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About Million Insights
Million Insights, is a distributor of market research reports, published by premium publishers only. We have a comprehensive market place that will enable you to compare data points, before you make a purchase. Enabling informed buying is our motto and we strive hard to ensure that our clients get to browse through multiple samples, prior to an investment. Service flexibility & the fastest response time are two pillars, on which our business model is founded. Our market research report store, includes in-depth reports, from across various industry verticals, such as healthcare, technology, chemicals, food & beverages, consumer goods, material science & automotive.

For More Information: www.millioninsights.com

Media Contact
Company Name: Million Insights
Contact Person: Ryan Manuel
Email: Send Email
Phone: 91-20-65300184
Address:Office No. 302, 3rd Floor, Manikchand Galleria, Model Colony, Shivaji Nagar
City: Pune
State: Maharashtra
Country: India
Website: https://www.millioninsights.com/industry-reports/craft-beer-market

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