As per the latest report by IMARC Group, titled “Craft Beer Market Report by Product Type (Ales, Lagers, and Others), Age Group (21-35 Years Old, 40-54 Years Old, 55 Years and Above), Distribution channel (On-Trade, Off-Trade), and Region 2025-2033,” the global craft beer market size reached USD 142.6 Billion in 2024. Craft beer is an alcoholic beverage produced in a traditional or non-mechanized way by an independent microbrewery. It is made from natural ingredients and is a rich source of antioxidants, protein, and vitamin B complex. Craft beer is made using a complex process of brewing that includes many steps compared to conventional beer. As a result, it has a richer and more distinct taste than the beer manufactured by large breweries. In recent years, craft beer has gained traction across the globe, especially among the young population due to its lower cost and higher alcohol by volume (ABV) content.
Global Craft Beer Market Trends:
The market is primarily driven by the escalating demand for low-alcohol beverages across the globe due to the increasing health-consciousness among individuals. Besides this, the market is further propelled by the growing number of restaurants, lounges, bars, and pubs serving alcoholic beverages. Moreover, key manufacturers are introducing unique flavors, such as sweet and sour, spicy, honey-like, and fruity, to meet the changing consumer preferences and expand their product portfolio. This, coupled with the widespread adoption of go-green technology and innovative methods to produce craft beer while minimizing water usage and wastage, is creating a positive market outlook across the globe. Furthermore, the rising popularity of non-alcoholic craft beer, ongoing research and development (R&D) activities, and availability of affordable product variants are some of the other factors anticipated to propel the market growth. Looking forward, IMARC Group expects the market value to reach USD 329.7 Billion by 2033, expanding at a CAGR of 8.74% during the forecast period (2025-2033).
Market Summary:
- Based on the product type, the market has been segmented into ales, lagers, and others.
- On the basis of the age group, the market has been classified into 21-35 years, 40-54 years, and 55 years and above.
- Based on the distribution channel, the market has been bifurcated into on-trade and off-trade channels.
- Region-wise, the market has been divided into North America (the United States and Canada), Asia Pacific (China, Japan, India, South Korea, Australia, Indonesia, and others), Europe (Germany, France, the United Kingdom, Italy, Spain, Russia, and others), Latin America (Brazil, Mexico, and others), and Middle East and Africa.
- The competitive landscape of the industry has also been examined, with some of the key players being Anheuser-Busch InBev SA/NV, Bell’s Brewery Inc., Constellation Brands Inc., D.G. Yuengling & Son Inc., Diageo Plc, Duvel Moortgat, Heineken NV, New Belgium Brewing Company Inc., Oskar Blues Brewery LLC, Sierra Nevada Brewing Co., Stone & Wood Brewing Co. (Lion Brewery Co) and The Boston Beer Company Inc.
Report Coverage:
Report Features |
Details |
Base Year of the Analysis |
2024 |
Historical Period |
2019-2024 |
Forecast Period |
2025-2033 |
Units |
Billion USD |
Segment Coverage |
Product Type, Age Group, Distribution Channel, Region |
Region Covered |
Asia Pacific, Europe, North America, Latin America, Middle East and Africa |
Countries Covered |
United States, Canada, Germany, France, United Kingdom, Italy, Spain, Russia, China, Japan, India, South Korea, Australia, Indonesia, Brazil, Mexico |
Companies Covered |
Anheuser-Busch InBev SA/NV, Bell's Brewery Inc., Constellation Brands Inc., D.G. Yuengling & Son Inc., Diageo Plc, Duvel Moortgat, Heineken NV, New Belgium Brewing Company Inc., Oskar Blues Brewery LLC, Sierra Nevada Brewing Co., Stone & Wood Brewing Co. (Lion Brewery Co) and The Boston Beer Company Inc. |
Customization Scope |
10% Free Customization |
Post-Sale Analyst Support |
10-12 Weeks |
Delivery Format |
PDF and Excel through Email (We can also provide the editable version of the report in PPT/Word format on special request) |
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