CRAFT BEER MARKET 2020 Industry Survey, Growth, Competitive Landscape and Forecasts to 2024
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CRAFT BEER MARKET 2020 Craft Beer Market 2020: Industry Survey, Growth, Competitive Landscape and Forecasts to 2024 Global Craft Beer Market is projected to reach USD 96.2 Billion by 2024 and grow at a significant CAGR of 13.8% during the forecast period, 2019– 2024. Craft beer is individually brewed batches of beer by small, independent breweries. Craft beer is generally made with ingredients such as malt, yeast, enzymes, and hop, and are available in a wide range of flavors. Craft beer is a rich source of silicon, which plays a role in increasing bone mineral density and prevents osteoporosis, risk of diabetes and Alzheimer.
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CRAFT BEER MARKET 2020
Global Craft Beer Market has been divided into type, raw material, and region. On The Basis Of Type: Ale, Lager, Stouts & Porters and Others On The Basis Of Raw Material: Malt, Yeast, Enzymes, Hops, and Others On The Basis Of Region: North America, Europe, Asia Pacific, and ROW.
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CRAFT BEER MARKET 2020 Regional Analysis Global Craft Beer Market is segmented into North America, Europe, APAC, and Rest of the World (RoW). Global craft beer market is highly dominated by North America due to high demand, production and consumption of craft beer in the region. APAC is fastest growing region due to changing lifestyle, increasing disposable income and consumers high willingness to meet the social dynamics. The consumption of craft beer in counties like India and Brazil and China is expected to grow at an exponential rate based on the new innovations companies are focusing on.
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CRAFT BEER MARKET 2020 Application & Major Players in this Research: The key players profiled in Craft Beer Market Size Report are Heineken Boston Beer Co. (U.S.), Yuengling & Son Inc. (U.S.), New Belgium Craft Brewery (U.S.), Deschutes Brewery (U.S.), Bell's Brewery (U.S.), Duvel Moortgat USA (U.S.), and Sweetwater Brewery (U.S.) among many others. With companies aiming to capture a significant market share in the global craft beer market, the are constantly been found to indulge and invest hugely on the R&D sector in order to bring in innovations in their craft beer offering. Players are identified to have high inclination towards R&D sector in order to increase the shelf-life of their craft beer variety. Established players are also found to acquire microbreweries that produces craft beer based on its increasing consumer side demand. Due to the high profitability obtained from this sector, new players also seek to enter the global market and hence, tend to focus more on product differentiation.
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