Market Research Future (Food and Beverages) Craft Beer Market has come on strongly in the last | Page 3

Global Craft Beer Market Research Report- Forecast to 2023
2 Market Overview
Moderate consumption of craft beer decreases the risk of weight gain among women, reduce risk of hypertension,
cardiovascular disease and heart failure. It is rich source of silicon, which plays an important role in increasing bone
mineral density and prevents osteoporosis, risk of diabetes and Alzheimer. Young consumers are primarily interested
and attracted to spend on craft beer consumption owing to higher disposable income, diversity in terms of flavors
and health benefits associated with it. All such factors trigger and stimulates the demand of craft beer at the global
level. Globally the market (Volume) for Craft Beer is estimated to grow at the rate of about 7.02 % from 2017 to 2023.
Malt beer brewed with traditional methods and ingredients, inspired by classic styles, however unlike commercial
beer, craft beer is not pasteurized. Brewed by small, independent breweries, craft beer offers a huge range of colors,
flavors, and texture. Craft beer market holds huge opportunity with the increasing popularity of craft beer as one of
the famous beverages, the number of breweries have increased to meet the increased demand from consumer’s
side. Craft beer is found to be the third most popular drink after water and tea and its consumption is found to be
high especially amongst the population of youth. Craft beer has gained its popularity as consumers want to keep
experimenting with the various available flavors of beer.
Intended Audience:
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Craft Beer manufacturers
Raw material suppliers
End users (food industry)
Retailers and wholesalers
E-commerce companies
Traders, importers and exporters
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