The latest report by IMARC Group, titled “Europe Craft Beer Market: Industry Trends, Share, Size, Growth, Opportunity, and Forecast 2024-2032”, offers a comprehensive analysis of the craft beer market size in europe. The report also includes competitor and regional analysis, along with a breakdown of segments within the industry.
The Europe craft beer market size is projected to exhibit a growth rate (CAGR) of 6.57% during 2024-2032.
Europe Craft Beer Market Trends:
The Europe market is primarily driven by the increasing consumer preference for premium and authentic beverages. Moreover, the rising trend of artisanal and locally produced goods aligns with the craft beer movement, appealing to consumers seeking unique flavors and quality ingredients. The expansion of the hospitality sector, including pubs, bars, and restaurants, provides additional platforms for craft beer consumption. Furthermore, the innovative marketing strategies and branding efforts by craft breweries are enhancing product visibility and consumer engagement.
Additionally, the growth of online retail channels is making craft beer more accessible to a broader audience. The influence of social media and digital platforms is also playing a crucial role in promoting craft beer culture. Besides, governmental support and favorable policies towards small and independent breweries are encouraging market growth.
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Europe Craft Beer Market Scope and Growth Analysis:
The Europe market scope is broadening due to the diversification of product portfolios by craft breweries to include a wide range of beer styles, such as IPAs, stouts, and sours. The growing emphasis on sustainable brewing practices and organic ingredients is attracting environmentally conscious consumers, adding a unique value proposition. Collaborative efforts between breweries and local businesses, such as food pairings and events, are enhancing consumer experiences and fostering community engagement. The increasing tourism industry in Europe also contributes to market scope, as tourists seek authentic and local beverages.
Additionally, the rise of homebrewing communities and craft beer festivals provides platforms for knowledge exchange and cultural appreciation, further augmenting market expansion. Technological advancements in brewing techniques and equipment are enabling higher production efficiency and product innovation. The influence of global craft beer trends and cross-cultural exchanges is introducing new flavors and brewing styles, continuously enriching the European craft beer market.
Europe Craft Beer Market Segmentation:
Product Type Insights:
- Ales
- Lagers
- Others
Age Group Insights:
- 21-35 Years Old
- 40-54 Years Old
- 55 Years and Above
Distribution Channel Insights:
- On-Trade
- Off-Trade
Country Insights:
- Germany
- France
- United Kingdom
- Italy
- Spain
- Others
Competitive Landscape:
The competitive landscape of the industry has also been examined along with the profiles of the key players.
Key highlights of the Report:
- Market Performance (2018-2023)
- Market Outlook (2024-2032)
- COVID-19 Impact on the Market
- Porter’s Five Forces Analysis
- Strategic Recommendations
- Historical, Current and Future Market Trends
- Market Drivers and Success Factors
- SWOT Analysis
- Structure of the Market
- Value Chain Analysis
- Comprehensive Mapping of the Competitive Landscape
Note: If you need specific information that is not currently within the scope of the report, we can provide it to you as a part of the customization.
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IMARC Group is a leading market research company that offers management strategy and market research worldwide. We partner with clients in all sectors and regions to identify their highest-value opportunities, address their most critical challenges, and transform their businesses.
IMARC’s information products include major market, scientific, economic and technological developments for business leaders in pharmaceutical, industrial, and high technology organizations. Market forecasts and industry analysis for biotechnology, advanced materials, pharmaceuticals, food and beverage, travel and tourism, nanotechnology and novel processing methods are at the top of the company’s expertise.
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It includes the size, share, growth, trends, key players, segments and regional analysis in detail during the study year 2020-2027.The report also covers detailed competitive landscape including company profiles of key players operating in the global market.
The key players in the craft beer market includes Alesmith Brewing Co., Inc., Brewdog PLC, Carlsberg Group, Dogfish Head Craft Brewery Inc., Guinness & Co., Hangar 24 Craft Brewery, LLC, Karl Strauss, Lagunitas Brewing Company, Mother Earth Brewing, Ninkasi Brewing Company, Stone Brewing, Tuatara Breweries, D.G.
Yuengling And Son Inc And Others.
An in-depth view of the competitive outlook includes future capacities, key mergers & acquisitions, financial overview, partnerships, collaborations, new product launches, new product developments and other developments with information in terms of H.Q.Get more information on "Global Craft Beer Market Research Report" by requesting FREE Sample Copy at https://www.valuemarketresearch.com/contact/craft-beer-market/download-sampleMarket DynamicsRising consumer awareness regarding consumption of craft beer owing to the wide range of flavors along with low alcohol volume (LAV) percentage is driving the market growth.
The industry is mainly driven by the millennial as they are the frequently visiting restaurant and pubs.
Moreover, the rising trend of spending money on leisure’s activity between the youngster and desire to always drink something unique is expected to shape a positive impact on the demand for crafts beer market.
Craft beer continues to grow in popularity among beer lovers worldwide.
The craft boom tells us that beer lovers appreciate a good quality, flavorsome and environmentally sustainable drop, and many are seeking out the unique flavours and aromas that the beverage has to offer.
