Craft Beer Market
The market for Craft Beer was estimated at $117 billion in 2024; it is anticipated to increase to $218 billion by 2030, with projections indicating growth to around $366 billion by 2035.
Report Summary
Market Data
Methodology
Table of Contents
Global Craft Beer Market Outlook
Revenue, 2024
$117B
Forecast, 2034
$330B
CAGR, 2025 - 2034
10.9%
The Craft Beer industry revenue is expected to be around $130.1 billion in 2025 and expected to showcase growth with 10.9% CAGR between 2025 and 2034. The craft beer sector looks promising for the future ahead. Its important to understand the key reasons driving this anticipated expansion. The increasing fascination with craft beer is closely tied to consumers growing preference for flavors that are robust and genuine in nature. These unique brews. Typically crafted by independent breweries. Offer a distinct choice compared to more conventional beers. Moreover the rise of a sophisticated audience that prioritizes quality, over quantity has significantly influenced this trend. Craft beer remains important in the beverage industry because consumers value the handcrafted approach and enjoy the brewing techniques and flavors that prioritize quality ingredients.
Craft beer offers an exploration into its world through its emphasis on premium quality ingredients and distinctive brewing methods that distinguish it from mainstream beers. Craft beer enthusiasts appreciate the range of flavors that result from creative brewing methods and unconventional ingredients used in the process. Common settings where craft beer is enjoyed include eateries, taverns, music events and personal gatherings, among others.
Market Key Insights
- The Craft Beer market is projected to grow from $117.3 billion in 2024 to $330 billion in 2034. This represents a CAGR of 10.9%, reflecting rising demand across Gastronomy, Beer Tourism and Craft Breweries.
- Anheuser-Busch InBev, China Resources Snow Breweries, Heineken are among the leading players in this market, shaping its competitive landscape.
- U.S. and UK are the top markets within the Craft Beer market and are expected to observe the growth CAGR of 8.0% to 11.4% between 2024 and 2030.
- Emerging markets including Brazil, India and South Africa are expected to observe highest growth with CAGR ranging between 10.5% to 13.6%.
- Transition like Emergence of Microbreweries is expected to add $12 billion to the Craft Beer market growth by 2030.
- The Craft Beer market is set to add $213 billion between 2024 and 2034, with manufacturer targeting Wheat & Fruit-based Ingredient Type projected to gain a larger market share.
- With The rising popularity of artisanal brews, and Technological advancements in brewing methods, Craft Beer market to expand 181% between 2024 and 2034.
Opportunities in the Craft Beer
The incorporation of technology advancements in brewing has also enabled the creation of distinct and adaptable craft beer flavors that cater to a consumer base seeking novelty in their choices by offering efficiency and precision through digital brewing systems, for niche seasonal brew options.
Growth Opportunities in North America and Europe
Craft beer has been experiencing growth in the North American market as consumers are shifting towards artisanal and distinctive beverages more than ever before. The emergence of small scale breweries and brewpub establishments has reshaped the landscape of craft beer by encouraging innovation and presenting flavor combinations. A notable trend in this region is the increasing popularity of home brewing among enthusiasts who are keen, on crafting unique brew blends with their personal flair. When it comes to competition in the beer industry sector prominent companies such as Boston Beer Company and Sierra Nevada Brewing Co. have a stronghold on the market. However there is also a community of small scale brewers who prioritize using local organic ingredients. Factors driving the market in this region include a progressive older population that favors premium, tasty beer and the growth of craft beer tourism that seizes on consumers interest, in the brewing process.
The craft beer scenario in Europe thrives due to a history of beer consumption and a growing interest in diverse flavor profiles among consumers. Countries such as the United Kingdom and Belgium stand out for their commitment to locally crafted beers that cater to a discernible audience. With well rooted beer traditions in these regions there is a notable uptick, in the popularity of craft beer festivals that champion independent brewers by offering them opportunities to exhibit their creations. There is competition coming from big brewing companies in the region, like Anheuser Busch InBev and Heineken N. V.
Market Dynamics and Supply Chain
01
Driver: The Rising Popularity of Artisanal Brews, and Sustainable Practices and Organic Ingredients
The craft beer scenario is also booming now thanks to the rise, in popularity of unique artisanal brewskies made in small batches with distinctive flavors that appeal to folks looking for a more authentic beer drinking experience outside of the usual mainstream options. Embracing sustainability and incorporating ingredients is also a notable trend in the craft beer industry today. The shift towards eco practices and the incorporation of locally sourced organic ingredients in crafting beer resonates well with an increasingly mindful consumer demographic. This change presents promising opportunities, for craft beer varieties that prioritize stewardship and health promotion through natural elements.
A significant factor is also the implementation of brewing techniques that enhance the quality of products and streamline production processes. They employ state of the art methods such as sonochemistry which utilizes ultrasound waves during brewing operations and integrate intelligence, for accurate quality monitoring. This has also transformed the landscape of the craft beer sector. These technological advancements are also enabling craft beer producers to expand their businesses particularly those willing to adopt and incorporate these new technologies.
02
Restraint: High Production Costs
In the world of craft beer production one significant challenge lies in the costs involved. Crafting beer is intricate. Requires significant manual work as well as the use of premium ingredients which drives up expenses. Smaller breweries often face difficulties due, to their lack of economies of scale affecting both pricing strategies and market penetration.
03
Opportunity: Emerging Craft Beer Markets and Strategic Partnerships
The brewing industry has recognized Asia Pacific as a market with potential for growth in craft beer with a focus on tapping into its untapped opportunities and expanding the global reach of craft beer in the region due to the growing disposable income and interest, in diverse flavors influenced by international trends.
Strategic collaborations with local food establishments, event organizers, or beverage distilleries to curate craft beer-centric experiences have proven to drive market growth. Such symbiotic ventures not only heighten consumer awareness about craft beers but also provide platforms where their distinct flavors can be fully appreciated and promoted.
04
Challenge: Regulatory Hurdles
The craft beer business faces its set of challenges when it comes to regulations and taxes that can impede its growth in the market landscape due to varying laws, across different regions. Brewers need to stay updated on regulatory changes that demand a significant investment of time and resources impacting theindustry'sdynamics in various ways. .
Supply Chain Landscape
1
Raw Material Procurement
Bairds MaltCargill Inc
2
Malt Production
Muntons PlcMalteurop Group
3
Brewing & Fermentation
Anheuser-Busch InBevHeineken N.V
4
Distribution & Retail
Whole Foods MarketTotal Wine & More
1
Raw Material Procurement
Bairds MaltCargill Inc
2
Malt Production
Muntons PlcMalteurop Group
3
Brewing & Fermentation
Anheuser-Busch InBevHeineken N.V
4
Distribution & Retail
Whole Foods MarketTotal Wine & More
Use Cases of Craft Beer in Gastronomy & Tourism
Gastronomy : Gastronomy and craft beer are a match made in heaven. As the craft beer trend continues to rise, gourmet chefs increasingly incorporate specialty beers into their dishes, enriching and diversifying the flavor profiles. The versatility of the craft beer, especially Stout and IPA, brings out the flavors of various dishes. Gastronomy establishments such as Michelin-star restaurants and boutique eateries, leverage the rich flavor profiles of the craft beers in the creation of their innovative dishes. They identify top players in the Craft Beer market like Sierra Nevada Brewing Co. and New Belgium Brewing Co. as their primary sources for quality produce due to their wide selection, consistent quality and market acclaim.
Craft Breweries : Craft beer industry is driven by craft breweries that play a role in its expansion and development – with a focus on producing Ales and Lagers through traditional techniques to deliver distinctive and top notch brews that showcase their dedication to the craft of brewing and their inventive approach to flavor combinations. Key players such as Stone Brewing and Dogfish Head Craft Brewery have established themselves as leaders in the field by offering products that stand out in the market while solidifying their market presence through their unwavering commitment, to excellence and constant innovation.
Beer Tourism : Beer tourism is quickly emerging as an aspect of the travel sector with beer lovers and connoisseurs constantly seeking out rare craft beers and distinctive brewery visits.
Recent Developments
In the few years craft beer has become increasingly popular carving out its own unique niche and grabbing a sizeable portion of the traditional beer market. This shift is largely due to the growing interest in artisanal goods, among consumers, who are seeking greater diversity, higher quality and locally sourced products.
December 2024 : Hopsters Brewing Company introduced a range of artisan beers using cutting edge brewing methods that elevate the tastes and enrich the sensory experience.
October 2024 : The thinking brewery expanded their production by 35% in response to the increasing demand, in the market.
August 2024 : The Avid Brew Company broadened its market presence by launching five stores in key cities throughout the United States.
Impact of Industry Transitions on the Craft Beer Market
As a core segment of the Packaged & Processed F&B industry,
the Craft Beer market develops in line with broader industry shifts.
Over recent years, transitions such as Emergence of Microbreweries and Implementation of Digital Marketing Strategies have redefined priorities
across the Packaged & Processed F&B sector,
influencing how the Craft Beer market evolves in terms of demand, applications and competitive dynamics.
These transitions highlight the structural changes shaping long-term growth opportunities.
01
Emergence of Microbreweries
The craft beer scenario has seen a change thanks to the emergence of microbreweries that are breaking away from the usual mass produced beers and instead concentrating on delivering high quality brews with unique flavors and techniques to beer enthusiasts like us! By embracing methods and utilizing local ingredients, in their brewing process these small scale breweries have elevated craft beer to a whole new level of luxury experience for all of us to enjoy. The shift has sparked a cultural trend towards using locally produced goods and has led to the farm to table idea gaining momentum in the food and hospitality industries as well as impacting other sectors, like tourism by making beer tastings and brewery tours trendy activities.
02
Implementation of Digital Marketing Strategies
One significant shift in the craft beer sector is the integration of marketing tactics as businesses adapt to the online landscape where buyers increasingly turn to the internet for product information before buying items like craft beer brands do by using marketing techniques and maintaining user friendly websites and engaging social media accounts along, with interactive mobile apps that provide tailored recommendations.