06-Nov-2018 Craft Beer Market

Global Craft Beer Market 2018-2025 | Market to Remain the Fastest Growing Market- BlueWeave Consulting & Research Pvt Ltd. Market Overview Global Craft Beer market is expected to grow with a CAGR over 22% during the forecast period 2018-2025, owing to increasing demand for beverages, and its great variety of styles & flavors and penetration of new markets. Rising number of microbreweries across the globe produces a small amount of beer but emphasize on the quality, taste and new product innovation according to the changing palate of beer drinkers. Thus, rising consumer preference for flavored and low ABV beer and increasing penetration of craft beer in emerging countries including China, India, South Africa, and Brazil will propel the craft beer market over the forecast periods. The Craft Beers are mainly produced by small, independent breweries and offer a wide range of colors, texture, and flavor. Asia-Pacific and other developing regions are witnessing demand for Craft Beers due to the increasing disposable income and product innovation by the craft brewers. In addition to this, rising middle-class population in Asia-Pacific and Latin America are raising the customer expectations that results in resetting strategic imperatives for industrial manufacturers to come up with customized products like craft beers in the market. Request for Sample of this Report@ https://bit.ly/2EZzrbY Key Product Analysis Craft Beers are segmented in various product types which include Lager, Ale and Stout & Porter    Lager and Ale both are derived from yeast. Lager yeasts are those that can be fermented at cool temperatures, generally in between 6°C and 13°C. Lager yeasts used in craft beers tend to produce fewer fermentation by-products and are perceived to offer cleaner and crisper taste to the craft beer drinkers. Ale is also derived from yeasts that can be fermented at relatively warmer temperature, generally in between 15°C and 24°C. Lager yeasts are “bottom- fermenting” yeasts while ale yeasts are “top-fermenting” yeasts The term “Stout” & “Porter” are used interchangeably for dark style craft beer that is produced using roasted barley, hops yeast and water. These are very strong beer types which became popular a long ago due to their increasing demand. Distribution Channel Analysis  On-Trade distribution channel of craft beer contribute to more than 50% of overall sale, in terms of volume. This is majorly due to high consumption of