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Global Craft Beer Market 2018-2022| 12% CAGR Projection Over the Next Five Years| Technavio

December 28, 2018

LONDON--(BUSINESS WIRE)--Dec 28, 2018--The global craft beer market is expected to post a CAGR of close to 12% during the period 2018-2022, according to the latest market research report by .

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Technavio has published a new market research report on the global craft beer market from 2018-2022. (Graphic: Business Wire)

A key factor driving the growth of the market is the new product launches. Successful new product launches will help in increasing the revenue flow and hence the market share of the players. New product launches will also help in keeping alive the interest consumers. For instance, in April 2018, Ithaca Beer Co, launched a new beer, Brew York, and it uses nearly 70 percent New York-grown barley and 100% New York hops. The beer is claimed to be New York state’s first commercially produced beer made with predominantly New York-grown ingredients. Hence, such product innovations are expected to boost the growth of the market during the forecast period.

This market research report on the also provides an analysis of the most important trends expected to impact the market outlook during the forecast period.

This report is available at a USD 1,000 discount for a limited time only:

In this report, Technavio highlights the increasing exports of craft beer as one of the key emerging trends in the global craft beer market:

Global craft beer market: Increasing exports of craft beer

The increasing export of craft beer is another trend that will influence the growth of the global craft beer market during the forecast period. The demand for American craft beer is increasing among consumers in Europe and APAC, and it is one of the major reasons behind the increase in the demand for craft beers in both the regions. Craft beer products face successful competition with other alcoholic products in European countries, and the demand for exotic, rare, and innovative flavors of craft beer has increased. The domestic production of craft beer is not able to meet the rising demand for craft beer in various European countries and hence they depend on the imported craft beer products to meet the growing demand. The leading importers of the US craft beer in 2017 were Canada, the UK, Sweden, Australia, and China. The increasing export of craft beer products to meet the growing demand for craft beer among consumers will help in the growth of the global craft beer market during the forecast period.

“Another growth driver of the global craft beer market is the increasing number of mergers and acquisitions in the market. Bigger players in the market are acquiring smaller players to gain access to new products and also to increase their market share. Strategic mergers and acquisitions also allow players to gain access to new technologies at a relatively lower cost, in turn driving the growth of the global craft beer largely,” says a senior analyst at Technavio.

Global craft beer market: Segmentation analysis

This market research report segments the global craft beer market by product (IPA, seasonal craft beer, pale ale, amber ale, and others) and geographical regions (APAC, EMEA, and the Americas).

The Americas led the market in 2017 with a market share close to 66%, followed by EMEA and APAC respectively. However, during the forecast period, the APAC region is expected to register the highest incremental growth of over 3%.

Looking for more information on this market?

Technavio’s sample reports are free of charge and contain multiple sections of the report such as the market size and forecast, drivers, challenges, trends, and more.

Some of the key topics covered in the report include:

Market Landscape

Market ecosystem Market characteristics Market segmentation analysis

Market Sizing

Market definition Market size and forecast

Five Forces Analysis

Market Segmentation

Geographical Segmentation

Regional comparison Key leading countries

Market Drivers

Market Challenges

Market Trends

Vendor Landscape

Vendors covered Vendor classification Market positioning of vendors Competitive scenario

About Technavio

is a leading global technology research and advisory company. Their research and analysis focuses on emerging market trends and provides actionable insights to help businesses identify market opportunities and develop effective strategies to optimize their market positions.

With over 500 specialized analysts, Technavio’s report library consists of more than 10,000 reports and counting, covering 800 technologies, spanning across 50 countries. Their client base consists of enterprises of all sizes, including more than 100 Fortune 500 companies. This growing client base relies on Technavio’s comprehensive coverage, extensive research, and actionable market insights to identify opportunities in existing and potential markets and assess their competitive positions within changing market scenarios.

If you are interested in more information, please contact our media team at .

View source version on businesswire.com:https://www.businesswire.com/news/home/20181228005080/en/

CONTACT: Technavio Research

Jesse Maida

Media & Marketing Executive

US: +1 844 364 1100

UK: +44 203 893 3200

www.technavio.com

KEYWORD: NORTH AMERICA SOUTH AMERICA

INDUSTRY KEYWORD: RETAIL FOOD/BEVERAGE WINE & SPIRITS

SOURCE: Technavio Research

Copyright Business Wire 2018.

PUB: 12/28/2018 12:05 PM/DISC: 12/28/2018 12:05 PM

http://www.businesswire.com/news/home/20181228005080/en