Companies Trying to Capitalize on the Untapped Craft Beer Market Opportunities, says Market.us

Nikhil Randhe
Nikhil Randhe

Updated · Dec 28, 2022

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Craft beer is a billion-dollar industry, and it’s only getting bigger. As a craft brewer, there are plenty of opportunities to get your products on store shelves and taps around the world. But breaking into the global craft beer market can be daunting.

This article will display a short gist of the global craft beer market. We’ll discuss the different types of popular beers worldwide and provide tips on exporting beers to new markets. 

According to a report from Market.us, “The global craft beer market is growing rapidly and is expected to be worth over USD 52.82 billion by 2022  and expected to reach USD 170 billion with a CAGR of 12.4% projected during the years 2022-2032.” 

Craft Beer Market Growth

Gaurav Yadav, a senior research analyst at Market.us, said,” A few factors come into play that might come to drive market growth. The changing demographics of the world. Millennials are now the largest generation and are increasingly interested in buying locally-made and sustainable products. Craft beer ticks these boxes, making it a perfect fit for this generation.”

Lately, there’s been a shift in how people view beer. It’s no longer seen as just a party drink or something to get you drunk; people are starting to appreciate craft beers’ complex flavors and aromas. This has increased the number of people willing to experiment with different types of beer, which provides opportunities for craft brewers to tap into new markets.

The bottom line is that the global craft beer industry is booming, and there’s plenty of room for growth. If you want to enter this industry, now is the time to do it!

The global craft beer market is growing at an incredible rate and shows no signs of slowing down. In fact, it’s estimated that the market will be worth a staggering value as the craft beer market is growing at an incredible rate and shows no signs of slowing down. 

In fact, it’s estimated that the market will be worth a staggering value by 2025. This growth is being driven by factors such as the desire for unique, artisanal products and the ever-growing interest in craft beer from millennials.

A growing number of consumers are looking for more flavorful and artisanal beers, and the craft beer market is responding with a range of unique offerings. There has been a marked increase in the number of independent brewers over the past few years, and this is contributing to the growth of the craft beer market.

Consumers are becoming more adventurous in their beer choices and are eager to sample different types and brands. This is driving demand for craft beers. Consumers are increasingly looking for brands that reflect their values, and many Craft brewers are committed to sustainable practices. This is another factor that is attracting consumers to the Craft beer market.

Judging from the current growth rate, it looks very bright. Brewers are continuing to experiment with new flavors and styles, and there is a growing interest in craft beer among consumers.

As the market grows, we can expect to see even more innovation and creativity from brewers and more variety in the types of craft beers available. The global craft beer market is poised for incredible growth in the years ahead, and we are sure to see some amazing things from this dynamic and exciting industry.

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Nikhil Randhe

Nikhil Randhe

I am Nikhil, working as a Digital Marketing Associate at Prudour Pvt Ltd. I did a Master's in Digital Marketing and worked in a Core SEO team. I an passionate about Digital Marketing with skills such as Search Engine Optimisation, Search Engine Marketing, Google Analytics, etc.