GCC Craft Beer Market

Market Overview:

The GCC craft beer market size is projected to exhibit a growth rate (CAGR) of 11.5% during 2024-2032. The growing demand for alcoholic beverages among the masses, the rising trend of socializing in restaurants, lounges, bars, and pubs, and the increasing number of craft beer festivals, events, and collaborations represent some of the key factors driving the market.

Craft beer refers to a type of beer that is brewed by independent breweries using traditional brewing methods, emphasizing quality, flavor, and innovation. It is typically produced in smaller quantities and often incorporates unique and experimental ingredients. This unique brewing approach results in a drink that offers a range of health benefits, including antioxidants, silicon, proteins, and vitamin B complex. Renowned for its authenticity, taste, and brand value, craft beer is favored by consumers in both pub and home settings. It offers a refreshing alternative to mass-produced beer, allowing consumers to explore a wide variety of styles, including pale ales, stouts, lagers, IPAs, and sours. The demand for craft beer has experienced significant growth due to its use of natural ingredients and higher alcohol content measured by volume (ABV). Craft beer has witnessed a growing trend of collaboration among breweries, where multiple brewers come together to create unique and innovative beer flavors. These collaborations often result in limited-edition releases that excite beer enthusiasts and allow brewers to experiment with new ingredients and techniques. This spirit of collaboration fosters a sense of community within the craft beer industry and promotes creativity and exploration among brewers.

GCC Craft Beer Market Trends:

The market for alcoholic beverages is driven by the increasing popularity of such drinks among individuals. Craft beer provides an enticing alternative with its wide range of styles, flavors, and brewing techniques. Additionally, the rising trend of socializing in restaurants, lounges, bars, and pubs has led to an increase in demand worldwide. Also, collaborations between craft breweries, where they combine their expertise and creativity, generate excitement and buzz, attracting beer enthusiasts eager to try the unique and limited-edition brews and creating a positive market outlook. The market outlook is further brightened by the introduction of diverse and robust craft beer flavors, including honey, sour, malty, fruity, spicy, and tart variations. Furthermore, the implementation of eco-friendly technologies and ongoing innovations in craft beer production aimed at reducing water consumption and waste contribute to the market's expansion. Apart from this, online beer communities, review sites, and beer rating apps enable enthusiasts to share their experiences, recommendations, and discoveries, further promoting the craft beer culture. Also, the increasing number of craft beer festivals, events, and collaborations within the industry has catalyzed the market's growth as these events create a platform for breweries to showcase their offerings, build brand awareness, and attract new customers.  Other factors, including rapid urbanization, the emphasis on local and authentic products, experiential consumption, digital platforms, and inflating disposable income levels of the masses, are also influencing the market.

GCC Craft Beer Market Segmentation:

IMARC Group provides an analysis of the key trends in each segment of the GCC craft beer market report, along with forecasts at the regional and country levels for 2024-2032. Our report has categorized the market based on product type, age group, and distribution channel.

Product Type Insights:

• Ales
• Lagers
• Others
   

The report has provided a detailed breakup and analysis of the market based on the product type. This includes ales, lagers, and others.

Age Group Insights:

• 21-35 Years Old
• 40-54 Years Old
• 55 Years and Above
   

A detailed breakup and analysis of the market based on the age group has also been provided in the report. This includes 21-35 years old, 40-54 years old, and 55 years and above.

Distribution Channel Insights:

• On-Trade
• Off-Trade
   

The report has provided a detailed breakup and analysis of the market based on the distribution channel. This includes on-trade and off-trade.

Country Insights:

• Saudi Arabia
• UAE
• Qatar
• Bahrain
• Kuwait
• Oman
   

The report has also provided a comprehensive analysis of all the major regional markets, which include Saudi Arabia, the UAE, Qatar, Bahrain, Kuwait, and Oman.

Competitive Landscape:

The report has also provided a comprehensive analysis of the competitive landscape in the market. Competitive analysis such as market structure, key player positioning, top winning strategies, competitive dashboard, and company evaluation quadrant has been covered in the report. Also, detailed profiles of all major companies have been provided.

GCC Craft Beer Market Report Coverage:

Key Questions Answered in This Report:

• How has the GCC craft beer market performed so far and how will it perform in the coming years?
• What has been the impact of COVID-19 on the GCC craft beer market?
• What is the breakup of the GCC craft beer market on the basis of product type?
• What is the breakup of the GCC craft beer market on the basis of age group?
• What is the breakup of the GCC craft beer market on the basis of distribution channel?
• What are the various stages in the value chain of the GCC craft beer market?
• What are the key driving factors and challenges in the GCC craft beer market?
• What is the structure of the GCC craft beer market and who are the key players?
• What is the degree of competition in the GCC craft beer market?

Key Benefits for Stakeholders:

• IMARC’s report offers a comprehensive quantitative analysis of various market segments, historical and current market trends, market forecasts, and dynamics of the GCC craft beer market from 2018-2032.
• The research study provides the latest information on the market drivers, challenges, and opportunities in the GCC craft beer market.
• Porter's five forces analysis assist stakeholders in assessing the impact of new entrants, competitive rivalry, supplier power, buyer power, and the threat of substitution. It helps stakeholders to analyze the level of competition within the GCC craft beer industry and its attractiveness.
• Competitive landscape allows stakeholders to understand their competitive environment and provides an insight into the current positions of key players in the market.