The use of premium-quality raw materials for new flavors and styles is expected to contribute to growth to the global craft beer market, says Fortune Business Insights in a report, titled “Craft Beer Market Size, Share and Global Trend By Type (Ales, Pilsners and Pale Lagers, Specialty Beers, Others), By Distribution (On-trade, Off-trade), and Geography Forecast till 2026.” The dominance of small independent and private label breweries is fostering the growth of the craft beer brands.
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Demand for Low Alcohol by Volume (ABV) Beer to Boost Market
The rising production of craft beer along to suit the changing consumption habits is driving the craft beer market. An increasing number of consumers are seeking innovative and flavorful options. This is a key factor contributing considerably to the global craft beer market.
The premiumization inclination towards drinking less but better beer is also a prime reason responsible for boosting the global craft beer market. The maturation phase of the beer industry has gradually improved by the flavorful revolution in the form of craft beer. The dominance of private label breweries and small independent breweries are making the market highly lucrative, which is subsequently aiding in market growth.
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- Pilsners and Pale Lagers
- Specialty Beers
- North America
- Asia Pacific
- Latin America
- Middle East & Africa
Some of the Main Key Players Covered in the Report
- G. Yuengling and Son, Inc
- The Boston Beer Company
- The HEINEKEN Company
- Constellation Brands
- Anheuser-Busch InBev
- The Sierra Nevada.
Gen! us’ Launch of ‘Light’ Craft Beer to Aid Growth
British beer maker Gen!us announced a light craft beer brewed with three hop varieties and pilsner malts, containing only 72 calories. The launch of the new craft beer is likely to fuel demand among health-conscious and gym-goers due to the low-calorie content which will, in turn, enable the growth of the global craft beer market. The acquisitions between companies to launch craft beer is also supporting the growth of the global craft beer market.
For instance, Kingfisher partnered with Freedom, The UK’s original craft breweries, to create a pale ale targeted precisely at the Indian food occasion. Bombay Bicycle uses New World hops such as Cascade and Chinook to give some citrus and tropical fruit notes to refresh the pallet. The recent launch of craft beer by the market key player along with rising demand for low-calorie craft beer are contributing significantly to the global craft beer market.
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