European Craft Beer Market Poised for Significant Growth, Forecasts Indicate a CAGR of 7.87% Through 2027

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Mar 04, 2024, 06:30 ET

DUBLIN, March 4, 2024 /PRNewswire/ -- The "Craft Beer Market in Europe 2023-2027" report has been added to ResearchAndMarkets.com's offering.

The craft beer scene in Europe is experiencing a resurgence, with the latest comprehensive market analysis revealing a projected growth of USD 13.06 billion between 2022-2027, marking an impressive CAGR of 7.87%. This analysis indicates that the European market is ripe with opportunities for both existing breweries and newcomers in the industry to expand their reach and product offerings.

Key factors contributing to this growth include the increasing number of craft and microbreweries, innovative product launches, and the rising demand for craft beer among millennials. The shift in consumer preferences towards premium and artisanal beers with unique flavors has bolstered the market significantly.

The report segments the European craft beer market into various categories to provide a detailed understanding:

By Distribution Channel

Off-trade
On-trade

By Product

IPA-based craft beer
Seasonal-based craft beer
Pale ale-based craft beer
Amber ale-based craft beer
Others

An exciting trend observed in this robust market is the surge in strategic partnerships and mergers and acquisitions, contributing to the dynamic landscape. Additionally, the escalation of online beer sales and a growing inclination towards low-alcohol craft beer variants are anticipated to generate significant demand in the craft beer sector.

This insightful market analysis spotlights several key players in Europe that are set to influence the competitive dynamics, including notable breweries and beverage conglomerates. The emergent trends and challenges have been meticulously evaluated to provide businesses with a strategic vantage point for capitalizing on forthcoming growth opportunities.

Industry Analysis – A Synthesis of Market Dynamics

The study sheds light on various market dynamics by integrating a combination of primary and secondary research methodologies, capturing insights from influential participants within the industry. The report endeavors to present an exhaustive picture of the European craft beer market, emphasizing key parameters such as profitability, pricing strategies, competitive rivalry, and promotional tactics. It is constructed with the aim of offering a holistic view, underscored by reliable and extensive data research.

This market research report will serve as an indispensable strategic resource for organizations aiming to understand the current market landscape and to align their business trajectories with the market's lucrative growth patterns.

With detailed vendor analysis, strategic market segmentation, and keen observations on market influencers, the report guarantees to furnish stakeholders with an astute compilation of impactful market data and forecasts.

Companies Profiled:

Anheuser Busch InBev SA
Asahi Group Holdings Ltd.
Brasserie De La Senne
BrewDog
Buxton Brewery Co. Ltd.
Carlsberg Breweries AS
Cloudwater Brew Co.
Diageo Plc
Duvel Moortgat
German Kraft Brewery Ltd
Heineken
Lervig
Magic Rock Brewing Co. Ltd.
Mikkeller APS
Stone Brewing Co. LLC
Swinkels Family Brewers
The Boston Beer Co. Inc.
VAN PUR S.A.
Wild Beer Co.
Thornbridge Brewery

For more information about this report visit https://www.researchandmarkets.com/r/xx2lle

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SOURCE Research and Markets