Report ID : AMR1004196 | Industries : | Published On :December 2023 | Page Count : 213
Global Craft Beer Food Market Size, Trends, and Growth Opportunity, By Product Type (Ale, Lagers, Specialty Beers, Others), By Distribution Channel (On- Trade, Off- Trade), By Age Group (21–35 Years Old, 40–54 Years Old, 55 Years and Above), By Region and forecast till 2030.
Global Craft Beer Food Market
Global Craft Beer Food Market was valued at USD 2.7 billion in 2022 and is slated to reach USD 5.5 billion by 2030 at a CAGR of 10.6% from 2023-2030.
Craft beer is a traditional style of beer made in small-scale breweries. Craft beer is distinguished by its distinctive blend of health-promoting ingredients, which includes high levels of silicon, antioxidants, protein, and vitamin B complex. These components have a variety of potential health benefits. Craft beer aficionados can enjoy a variety of styles, such as ales, lagers, speciality brews, and others, making it a diversified and popular choice among beer connoisseurs.
Market Drivers
Changing consumer lifestyles and preferences provide major prospects for the craft beer business, which correlates with the growing popularity of organic alcoholic beverages and appeals to the growing millennial generation. Furthermore, the growing emphasis on social media marketing, combined with better disposable incomes and an increasing number of female drinkers, boosts the market's development potential during the projection period.
Market Restraints
The craft beer market is expected to confront problems during the projection period, particularly due to the introduction of significant excise levies. High excise rates may significantly increase manufacturing costs, resulting in higher prices for craft brews, thus discouraging price-sensitive consumers and influencing market demand.
Impact of COVID-19
The epidemic of COVID-19 had a huge impact on the Global Craft Beer Market. Lockdowns and limitations caused pubs and restaurants to close, reducing on-premises sales. However, there was an increase in off-premises consumption, with customers purchasing craft beer to enjoy at home. Breweries experienced supply chain disruptions, production difficulties, and financial strain. Many companies adapted by switching to canned and bottled goods, providing home delivery, and communicating with customers online. While the epidemic presented obstacles, it also spurred creativity and resilience in the craft beer business.
Recent Development
In March 2022, Modelo Company unveiled a range of new products, which included expanding their successful Cheladas lineup with flavors taking the forefront. They also introduced new test offerings, including a premium light beer named Modelo Oro.
Market Segmentation
Global Craft Beer Food Market is segmented into product type, distribution channel, age group. By product type such as ale, lagers, specialty beers, and others. By distribution channel such as on- trade, off- trade. By age group such as 21–35 years old, 40–54 years old, 55 years and above.
Regional Analysis
Global Craft Beer Food Market is segmented into five regions Americas, Europe, Asia-Pacific, and the Middle East & Africa. The Asia-Pacific region dominates the craft beer market and will continue to do so throughout the forecast period, owing to rising beer demand and disposable income in the region from 2023 to 2030. North America, on the other hand, is predicted to increase significantly as new flavors become more popular and the region's growing number of microbreweries with large volumetric production.
Key Players
This report includes a list of numerous Key Players, namely Davide Campari-Milano N.V., Diageo PLC, Halewood International Limited, Asahi Group Holdings, Ltd., Accolade Wines, Bacardi Limited, Mike's Hard Lemonade Co., Castel Group, Suntory Holdings Limited, Modelo Company.
Market Taxonomy
By Product Type
• Ale
• Lagers
• Specialty Beers
• Others
By Distribution Channel
• On- Trade
• Off- Trade
By Age Group
• 21–35 Years Old
• 40–54 Years Old
• 55 Years and Above
By Region
• North America
o U.S.
o Canada
o Mexico
• Latin America
o Brazil
o Argentina
o Colombia
o Peru
o Chile
o Venezuela
o Rest of Latin America
• Europe
o Germany
o France
o UK
o Russia
o Italy
o Spain
o Rest of Europe
• Asia Pacific
o China
o Japan
o India
o South Korea
o Australia
o New Zealand
o Singapore
o Malaysia
o Rest of Asia Pacific
• Middle East & Africa
o Saudi Arabia
o UAE
o Egypt
o Kuwait
o South Africa
o Rest Middle East & Africa
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Global Craft Beer Food Market
1. Introduction
1.1. Objective of the Study
1.2. Market Definition
1.3. Market Scope
2. Research Methodology
2.1. Data Mining
2.2. Validation
2.3. Primary Interviews
2.4. List of Data Sources
3. Executive Summary
4. Global Craft Beer Food Market Outlook
4.1. Overview
4.2. Market Dynamics
4.2.1. Drivers
4.2.2. Restraints
4.2.3. Opportunities
4.2.4. Cumulative Impact due to recent Energy Crisis
4.2.5. Cumulative Impact due to Nearing Economic Downturn
4.2.6. Post Covid-19 World Supply and Demand Conditions
4.2.7. Cumulative Impact of Russia-Ukraine Conflict
4.3. Porters Five Force Model
4.4. Value Chain Analysis
5. Global Craft Beer Food Market, By Product Type
5.1. Y-o-Y Growth Comparison, By Product Type
5.2. Global Craft Beer Food Market Share Analysis, By Product Type
5.3. Global Craft Beer Food Market Size and Forecast, By Product Type
5.3.1. Ale
5.3.2. Lagers
5.3.3. Specialty Beers
5.3.4. Others
6. Global Craft Beer Food Market, By Distribution Channel
6.1. Y-o-Y Growth Comparison, By Distribution Channel
6.2. Global Craft Beer Food Market Share Analysis, By Distribution Channel
6.3. Global Craft Beer Food Market Size and Forecast, By Distribution Channel
6.3.1. On- Trade
6.3.2. Off- Trade
7. Global Craft Beer Food Market, By Age Group
7.1. Y-o-Y Growth Comparison, By Age Group
7.2. Global Craft Beer Food Market Share Analysis, By Age Group
7.3. Global Craft Beer Food Market Size and Forecast, By Age Group
7.3.1. 21–35 Years Old
7.3.2. 40–54 Years Old
7.3.3. 55 Years and Above
8. Global Craft Beer Food Market, By Region
8.1. Global Craft Beer Food Market Share Analysis, By Region
8.2. Global Craft Beer Food Market Share Analysis, By Region
8.3. Global Craft Beer Food Market Size and Forecast, By Region
9. North America Craft Beer Food Market Analysis and Forecast (2023-2030)
9.1. Introduction
9.2. North America Craft Beer Food Market Share Analysis, By Product Type
9.3. North America Craft Beer Food Market Share Analysis, By Distribution Channel
9.4. North America Craft Beer Food Market Share Analysis, By Age Group
9.5. North America Craft Beer Food Market Size and Forecast, By Country
9.5.1. U.S.
9.5.1.1. Market Size and Forecast, By Product Type
9.5.1.2. Market Size and Forecast, By Distribution Channel
9.5.1.3. Market Size and Forecast, By Age Group
9.5.2. Canada
9.5.2.1. Market Size and Forecast, By Product Type
9.5.2.2. Market Size and Forecast, By Distribution Channel
9.5.2.3. Market Size and Forecast, By Age Group
9.5.3. Mexico
9.5.3.1. Market Size and Forecast, By Product Type
9.5.3.2. Market Size and Forecast, By Distribution Channel
9.5.3.3. Market Size and Forecast, By Age Group
10. Europe Craft Beer Food Market Analysis and Forecast (2023-2030)
10.1. Introduction
10.2. Europe Craft Beer Food Market Share Analysis, By Product Type
10.3. Europe Craft Beer Food Market Share Analysis, By Distribution Channel
10.4. Europe Craft Beer Food Market Share Analysis, By Age Group
10.5. Europe Craft Beer Food Market Size and Forecast, By Country
10.5.1. Germany
10.5.1.1. Market Size and Forecast, By Product Type
10.5.1.2. Market Size and Forecast, By Distribution Channel
10.5.1.3. Market Size and Forecast, By Age Group
10.5.2. France
10.5.2.1. Market Size and Forecast, By Product Type
10.5.2.2. Market Size and Forecast, By Distribution Channel
10.5.2.3. Market Size and Forecast, By Age Group
10.5.3. UK
10.5.3.1. Market Size and Forecast, By Product Type
10.5.3.2. Market Size and Forecast, By Distribution Channel
10.5.3.3. Market Size and Forecast, By Age Group
10.5.4. Russia
10.5.4.1. Market Size and Forecast, By Product Type
10.5.4.2. Market Size and Forecast, By Distribution Channel
10.5.4.3. Market Size and Forecast, By Age Group
10.5.5. Italy
10.5.5.1. Market Size and Forecast, By Product Type
10.5.5.2. Market Size and Forecast, By Distribution Channel
10.5.5.3. Market Size and Forecast, By Age Group
10.5.6. Spain
10.5.6.1. Market Size and Forecast, By Product Type
10.5.6.2. Market Size and Forecast, By Distribution Channel
10.5.6.3. Market Size and Forecast, By Age Group
10.5.7. Rest of Europe
10.5.7.1. Market Size and Forecast, By Product Type
10.5.7.2. Market Size and Forecast, By Distribution Channel
10.5.7.3. Market Size and Forecast, By Age Group
11. Asia Pacific Craft Beer Food Market Analysis and Forecast (2023-2030)
11.1. Introduction
11.2. Asia Pacific Craft Beer Food Market Share Analysis, By Product Type
11.3. Asia Pacific Craft Beer Food Market Share Analysis, By Distribution Channel
11.4. Asia Pacific Craft Beer Food Market Share Analysis, By Age Group
11.5. Asia Pacific Craft Beer Food Market Size and Forecast, By Country
11.5.1. China
11.5.1.1. Market Size and Forecast, By Product Type
11.5.1.2. Market Size and Forecast, By Distribution Channel
11.5.1.3. Market Size and Forecast, By Age Group
11.5.2. Japan
11.5.2.1. Market Size and Forecast, By Product Type
11.5.2.2. Market Size and Forecast, By Distribution Channel
11.5.2.3. Market Size and Forecast, By Age Group
11.5.3. India
11.5.3.1. Market Size and Forecast, By Product Type
11.5.3.2. Market Size and Forecast, By Distribution Channel
11.5.3.3. Market Size and Forecast, By Age Group
11.5.4. South Korea
11.5.4.1. Market Size and Forecast, By Product Type
11.5.4.2. Market Size and Forecast, By Distribution Channel
11.5.4.3. Market Size and Forecast, By Age Group
11.5.5. Australia
11.5.5.1. Market Size and Forecast, By Product Type
11.5.5.2. Market Size and Forecast, By Distribution Channel
11.5.5.3. Market Size and Forecast, By Age Group
11.5.6. New Zealand
11.5.6.1. Market Size and Forecast, By Product Type
11.5.6.2. Market Size and Forecast, By Distribution Channel
11.5.6.3. Market Size and Forecast, By Age Group
11.5.7. Singapore
11.5.7.1. Market Size and Forecast, By Product Type
11.5.7.2. Market Size and Forecast, By Distribution Channel
11.5.7.3. Market Size and Forecast, By Age Group
11.5.8. Malaysia
11.5.8.1. Market Size and Forecast, By Product Type
11.5.8.2. Market Size and Forecast, By Distribution Channel
11.5.8.3. Market Size and Forecast, By Age Group
11.5.9. Rest of Asia
11.5.9.1. Market Size and Forecast, By Product Type
11.5.9.2. Market Size and Forecast, By Distribution Channel
11.5.9.3. Market Size and Forecast, By Age Group
12. Latin America Craft Beer Food Market Analysis and Forecast (2023-2030)
12.1. Introduction
12.2. Latin America Craft Beer Food Market Share Analysis, By Product Type
12.3. Latin America Craft Beer Food Market Share Analysis, By Distribution Channel
12.4. Latin America Craft Beer Food Market Share Analysis, By Age Group
12.5. Latin America Craft Beer Food Market Size and Forecast, Country
12.5.1. Brazil
12.5.1.1. Market Size and Forecast, By Product Type
12.5.1.2. Market Size and Forecast, By Distribution Channel
12.5.1.3. Market Size and Forecast, By Age Group
12.5.2. Argentina
12.5.2.1. Market Size and Forecast, By Product Type
12.5.2.2. Market Size and Forecast, By Distribution Channel
12.5.2.3. Market Size and Forecast, By Age Group
12.5.3. Colombia
12.5.3.1. Market Size and Forecast, By Product Type
12.5.3.2. Market Size and Forecast, By Distribution Channel
12.5.3.3. Market Size and Forecast, By Age Group
12.5.4. Peru
12.5.4.1. Market Size and Forecast, By Product Type
12.5.4.2. Market Size and Forecast, By Distribution Channel
12.5.4.3. Market Size and Forecast, By Age Group
12.5.5. Chile
12.5.5.1. Market Size and Forecast, By Product Type
12.5.5.2. Market Size and Forecast, By Distribution Channel
12.5.5.3. Market Size and Forecast, By Age Group
12.5.6. Venezuela
12.5.6.1. Market Size and Forecast, By Product Type
12.5.6.2. Market Size and Forecast, By Distribution Channel
12.5.6.3. Market Size and Forecast, By Age Group
12.5.7. Rest of Latin America
12.5.7.1. Market Size and Forecast, By Product Type
12.5.7.2. Market Size and Forecast, By Distribution Channel
12.5.7.3. Market Size and Forecast, By Age Group
13. Middle East Craft Beer Food Market Analysis and Forecast (2023-2030)
13.1. Introduction
13.2. Middle East Craft Beer Food Market Share Analysis, By Product Type
13.3. Middle East Craft Beer Food Market Size and Forecast, By Distribution Channel
13.4. Middle East Craft Beer Food Market Size and Forecast, By Age Group
13.5. Middle East Craft Beer Food Market Size and Forecast, By Country
13.5.1. Saudi Arabia
13.5.1.1. Market Size and Forecast, By Product Type
13.5.1.2. Market Size and Forecast, By Distribution Channel
13.5.1.3. Market Size and Forecast, By Age Group
13.5.2. UAE
13.5.2.1. Market Size and Forecast, By Product Type
13.5.2.2. Market Size and Forecast, By Distribution Channel
13.5.2.3. Market Size and Forecast, By Age Group
13.5.3. Egypt
13.5.3.1. Market Size and Forecast, By Product Type
13.5.3.2. Market Size and Forecast, By Distribution Channel
13.5.3.3. Market Size and Forecast, By Age Group
13.5.4. Kuwait
13.5.4.1. Market Size and Forecast, By Product Type
13.5.4.2. Market Size and Forecast, By Distribution Channel
13.5.4.3. Market Size and Forecast, By Age Group
13.5.5. South Africa
13.5.5.1. Market Size and Forecast, By Product Type
13.5.5.2. Market Size and Forecast, By Distribution Channel
13.5.5.3. Market Size and Forecast, By Age Group
13.5.6. Rest of Middle East & Africa
13.5.6.1. Market Size and Forecast, By Product Type
13.5.6.2. Market Size and Forecast, By Distribution Channel
13.5.6.3. Market Size and Forecast, By Age Group
14. Competitive Analysis
14.1. Competition Dashboard
14.2. Market share Analysis of Top Vendors
14.3. Key Development Strategies
15. Company Profiles
15.1. Davide Campari-Milano N.V.
15.1.1. Offerings
15.1.2. Key Financials
15.1.3. Business Segment & Geographic Overview
15.1.4. Key Market Developments
15.1.5. Key Strategies
15.2. Diageo PLC
15.2.1. Overview
15.2.2. Offerings
15.2.3. Key Financials
15.2.4. Business Segment & Geographic Overview
15.2.5. Key Market Developments
15.2.6. Key Strategies
15.3. Halewood International Limited
15.3.1. Overview
15.3.2. Offerings
15.3.3. Key Financials
15.3.4. Business Segment & Geographic Overview
15.3.5. Key Market Developments
15.3.6. Key Strategies
15.4. Asahi Group Holdings, Ltd.
15.4.1. Overview
15.4.2. Offerings
15.4.3. Key Financials
15.4.4. Business Segment & Geographic Overview
15.4.5. Key Market Developments
15.4.6. Key Strategies
15.5. Accolade Wines
15.5.1. Overview
15.5.2. Offerings
15.5.3. Key Financials
15.5.4. Business Segment & Geographic Overview
15.5.5. Key Market Developments
15.5.6. Key Strategies
15.6. Bacardi Limited
15.6.1. Overview
15.6.2. Offerings
15.6.3. Key Financials
15.6.4. Business Segment & Geographic Overview
15.6.5. Key Market Developments
15.6.6. Key Strategies
15.7. Mike's Hard Lemonade Co.
15.7.1. Overview
15.7.2. Offerings
15.7.3. Key Financials
15.7.4. Business Segment & Geographic Overview
15.7.5. Key Market Developments
15.7.6. Key Strategies
15.8. Castel Group
15.8.1. Overview
15.8.2. Offerings
15.8.3. Key Financials
15.8.4. Business Segment & Geographic Overview
15.8.5. Key Market Developments
15.8.6. Key Strategies
15.9. Suntory Holdings Limited
15.9.1. Overview
15.9.2. Offerings
15.9.3. Key Financials
15.9.4. Business Segment & Geographic Overview
15.9.5. Key Market Developments
15.9.6. Key Strategies
15.10. Modelo Company
15.10.1. Overview
15.10.2. Offerings
15.10.3. Key Financials
15.10.4. Business Segment & Geographic Overview
15.10.5. Key Market Developments
15.10.6. Key Strategies
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