Market revenue in 2023 | USD 5,643.5 million |
Market revenue in 2030 | USD 10,464.5 million |
Growth rate | 9.2% (CAGR from 2023 to 2030) |
Largest segment | On trade |
Fastest growing segment | On Trade |
Historical data covered | 2018 - 2022 |
Base year for estimation | 2023 |
Forecast period covered | 2024 - 2030 |
Quantitative units | Revenue in USD million |
Market segmentation | On Trade |
Key market players worldwide | Vagabund, D.G. Yuengling & Sons, Boston Beer Co Inc Class A, The Gambrinus Company, Chimay, Stone & Wood Brewing, Heineken NV, Kirin Holdings Co Ltd |
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The databook is designed to serve as a comprehensive guide to navigating this sector. The databook focuses on market statistics denoted in the form of revenue and y-o-y growth and CAGR across the globe and regions. A detailed competitive and opportunity analyses related to craft beer market will help companies and investors design strategic landscapes.
On trade was the largest segment with a revenue share of 100% in 2023. Horizon Databook has segmented the Middle East & Africa craft beer market based on on trade covering the revenue growth of each sub-segment from 2018 to 2030.
Craft beer industry in the Middle East has started to disrupt the culture of traditional beverages. Factors, such as rising demand for low alcohol by volume drinks, growing consumer awareness pertaining to various flavors and product styles, and rising consumer disposable income are expected to drive the market over the forecast period.
Majority of Arabs do not consume alcohol owing to religious beliefs and the Christian population in Lebanon and Jordan prefer wine, arak, and whiskey over other alcoholic beverages. Consumers are inclined toward craft beer due to an increase in corollary diseases and obesity rates, which is driving growth.
Rising population, urbanization, and increasing GDP indicates high growth in the Africa. Countries with large tourist base and business economies such as South Africa & Kenya have bigger craft beer market in Africa.
Horizon Databook provides a detailed overview of continent-level data and insights on the Middle East & Africa craft beer market , including forecasts for subscribers. This continent databook contains high-level insights into Middle East & Africa craft beer market from 2018 to 2030, including revenue numbers, major trends, and company profiles.
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