- In April 2023, Bell's Brewery Inc. announced its plans to expand distribution into Alaska, Idaho, Oregon, Utah, and Washington, among five additional states. This strategic move aims to broaden the brewery's market reach and enhance brand visibility in these regions. By entering these new markets, Bell's Brewery seeks to connect with a wider audience of craft beer enthusiasts and capitalize on the growing demand for its products
- In March 2023, New Belgium Brewing Company Inc. announced its agreement to acquire a 259,000-square-foot brewing facility located in Daleville, Virginia, previously owned by Constellation Brands. This strategic acquisition is expected to enhance New Belgium's production capabilities and expand its operational footprint. By securing this state-of-the-art plant, New Belgium aims to bolster its capacity to meet growing consumer demand for its craft beer offerings
- In December 2023, Sierra Nevada Brewing Co. launched its inaugural line of non-alcoholic brews, featuring Trail Pass IPA and Trail Pass Golden, which are now available on shelves across the U.S. This introduction marks a significant step for the brewery as it expands its offerings to include non-alcoholic options. Additionally, to complement this new portfolio, Sierra Nevada is releasing Hop Splash Citrus, a line extension of its popular Hop Splash sparkling water, further enhancing its product range for consumers seeking refreshing alternatives
- In April 2021, B9 Beverages Pvt. Ltd., operating under the brand Bira91, revealed plans to introduce a limited edition of craft beers featuring a variety of bold flavors in India. This initiative responds to the rising consumer demand for unique and exquisite taste experiences. By expanding their product line, Bira91 aims to capture the attention of adventurous beer enthusiasts seeking innovative flavor profiles
- In October 2020, Latambarcem Brewers introduced their bottled craft beer brand, Maka di, in India, capitalizing on the growing popularity of beer in the country. This launch aims to meet the increasing demand for diverse and quality craft beer options among Indian consumers. By offering Maka di, Latambarcem Brewers seeks to establish a strong presence in the expanding craft beer market in India
Frequently Asked Questions
The market is segmented based on Segmentation, By Product Type (Ale, Lagers, Specialty Beers, and Others), Type (Alcoholic and Non-Alcoholic), Distribution Channel (On- Trade and Off- Trade), Age Group (21–35 Years Old, 40–54 Years Old, and 55 Years and Above) – Industry Trends and Forecast to 2031
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The Global Craft Beer Market size was valued at USD 3.11 USD Billion in 2023.
The Global Craft Beer Market is projected to grow at a CAGR of 12.3% during the forecast period of 2024 to 2031.
The market report covers data from the U.S., Canada and Mexico in North America, Germany, France, U.K., Netherlands, Switzerland, Belgium, Russia, Italy, Spain, Turkey, Rest of Europe in Europe, China, Japan, India, South Korea, Singapore, Malaysia, Australia, Thailand, Indonesia, Philippines, Rest of Asia-Pacific (APAC) in the Asia-Pacific (APAC), Saudi Arabia, U.A.E., South Africa, Egypt, Israel, Rest of Middle East and Africa (MEA) as a part of Middle East and Africa (MEA), Brazil, Argentina and Rest of South America as part of South America.
