Covid-19 Analysis on Craft Beer Market is expected to Generate Huge Profits by 2024, Top Key Players Review | The Boston Beer Company, Bell’s Brewery Inc, Canned Heat Beer, Northern Monk

Market Overview

Market Research Future (MRFR) assessed the Global Covid-19 Analysis on Craft Beer Market 2020 till the review period 2019 to 2024. The craft beer market can value at USD 96.2 Billion by 2024. Across the analysis period, the craft beer market can rise at significant 13.8% CAGR. The increase in demand for craft beer is boosting the demand for small individual brewed batches, which is observed to encourage establishment of small, independent breweries. These factors are expected to bolster the rise of the craft beer market in the analysis period. The easy availability of ingredients such as enzymes, malt, yeast, and hop, along with a wide range of flavors can provide momentum to the market. Craft beer is a rich source of silicon that increase bone mineral density and aid in the prevention of osteoporosis. Silicon also curb risk of Alzheimer and diabetes.

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The increase in awareness about health benefits of craft beer, boosting its sales can improve the market impetus in the years to come. In addition, the growing popularity of craft beer among a large young consumer base can also drive the market growth soon. Rise in disposable income and availability in diverse flavors are other cause that can promote the expansion of the craft beer market. However, the short shelf life of craft beer can serve as a restraint on the market.

Key Players

Stone & Wood Brewing Co. (Australia), American Craft Beer Company Ltd. (UK), Northern Monk (UK), The Boston Beer Company, Inc. (US), New Belgium Craft Brewery (US), D.G. Yuengling & Sons, Inc. (US), Deschutes Brewery (US), Bell’s Brewery Inc. (US), Duvel Moortgat Brewery (Belgium), The Gambrinus Company (US), Omer Vander Ghinste (Belgium), North Brewing Company (UK), Canned Heat Beer (US), Harbour Brewing Co. (UK) and Lagunitas Brewing Company (US) are some reputed enterprises in the Global Covid-19 Analysis on Craft Beer Market that are enlisted by MRFR.

Market Segmentation

The segment assessment of the Covid-19 Analysis on Craft Beer Market is done by ingredients, type, distribution and channel among other. The type-based segments of the craft beer market are lager, ale, and stouts among others. The ale segment can expand at high pace. Other segments can rise exponentially.

The ingredients-based segments of the craft beer market are yeast, malt, hops, and enzymes among others. The yeast and malt segment can gain high revenue for the global craft beer market.

The distribution channel-based segments of the craft beer market are on-trade and off-trade. The on-trade segment can rise at a decent CAGR by 2024.

Regional Study 

Regional trends and factors of the Covid-19 Analysis on Craft Beer Market is analyzed across regions—EU, North America, APAC, and the rest of the world (RoW).

In North America, the surge in popularity of craft beer among consumers is increasing its buying frequency and new products that keep experimenting with diverse flavors for beer can positively impact the craft beer market in the analysis period. Moreover, the escalation in the number of breweries can boost the rise of the craft beer industry in North America.

In EU, the UK can dominate the craft beer market. The increase in demand for craft beer among the young population can also drive the regional craft beer market. Europe can secure the prominent share in the worldwide global craft beer market as an increase in the number of microbreweries are observed. In Asia Pacific, the craft beer market can thrive as the regional market is observed to hold several scopes. The hike in per capita income and rise in awareness about craft beer among consumers can boost the regional market.

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NOTE: Our Team of Researchers are Studying Covid19 and its Impact on Various Industry Verticals and wherever required we will be considering Covid19 Footprints for Better Analysis of Market and Industries. Cordially get in Touch for More Details.