Craft Beer Market Size To Reach $178.57 Billion By 2030

Craft Beer Market Growth & Trends

The global craft beer market size is expected to reach USD 178.57 billion in 2030 and is projected to grow at a CAGR of 10.0% from 2024 to 2030, according to a new report by Grand View Research, Inc. The market is expected to witness substantial growth over the forecast period on account of the rising demand for low alcohol by volume (ABV) and flavored beer.

The government in countries including Australia, New Zealand, Belgium, Mexico, China, and the UK are promoting the production of craft beer and incorporation of new breweries on account of the positive contribution of the industry towards economic development and employment generation coupled with the willingness of the consumer to pay extra for better tasting brews.

Australia, Belgium, Germany, U.S. and New Zealand are the major craft beer producing countries with over 65% of the overall production in terms of value as well as volume. Belgian is the most preferred beer among the major craft beer consuming countries owing to the premium quality, clean taste and rich flavor & aroma of the brews.

Furthermore, the number of brewers in the global market is growing significantly on account of the rising demand for the product. As a result, the demand for grains such as barley, wheat, yeast, sugar, and hops is increasing substantially. However, the alternative applications of the raw materials are expected to lower the bargaining power of the brewers.

The demand for the pale ale, IPA, and amber ale is growing as these three craft products are widely preferred by the consumers owing to the balanced composition of the raw materials in the product including malt, hops, water, and yeast.

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Craft Beer Market Report Highlights

• The on trade segment dominated the market and accounted for a share of 57.4% in 2023. The on trade distribution channel includes clubs, pubs, bars, restaurants, hotels, and coffee shops. 

• The lager segment dominated the market with a significant revenue share in 2023. Lagers are known for being refreshing and crisp, they contain a lower alcohol content and are perfect for warm weather and causal occasional drinking. 

• Asia Pacific dominated the market with a revenue share of 31.9% in 2023. The younger generation in the Asia Pacific region is increasingly enjoying a wide variety of flavorful beers.

Craft Beer Market Segmentation

Grand View Research has segmented the global craft beer market on the basis of type, distributional channel, and region:

Craft Beer Type Outlook (Volume, Million Liters; Revenue, USD Million, 2018 - 2030)

• Ale

• Lager

• Pilsner

• Others (Sour, fruit and specialty)

Craft Beer Distributional Channel Outlook (Volume, Million Liters; Revenue, USD Million, 2018 - 2030)

• On Trade

• Off Trade

Craft Beer Regional Outlook (Volume, Million Liters; Revenue, USD Million, 2018 - 2030)

• North America

  • U.S.

  • Canada

  • Mexico

• Europe

  • Germany

  • UK

  • France

  • Italy

  • Spain

• Asia Pacific

  • China

  • Japan

  • India

  • South Korea

  • Australia

• Latin America

  • Brazil

  • Argentina

• Middle East and Africa (MEA)

  • South Africa

  • UAE

List of Key Players of Craft Beer Market

• D.G. Yuengling and Son, Inc. Pottsville

• The Boston Beer Company

• The Gambrinus Company

• Lagunitas Brewing Company

• Sierra Nevada Brewing Co.

• New Belgium Brewing Company

• DeschutesBrewery

• Minhas Brewery

• Chimay Beers And Cheeses

• Omer Vander Ghinste