Craft Beer Market Size, Trends, Opportunities, Innovations & Forecast till 2025
According to a new report published by KD Market Insights titled, “ Craft Beer Market by Product Type, Distribution Channel, and Age Group: Global Opportunity Analysis and Industry Forecast, 2018–2025," the global craft beer market size was valued at $108,912 million in 2018 and is projected to reach $186,590 million by 2025, growing at a CAGR of 8.0% from 2018 to 2025. In 2018, Europe accounted for nearly a 43.6% share of the craft beer market. The rise in demand for different types of beer styles across the key regions, specifically North America, Europe, and Asia Pacific, drives the craft beer market, in terms of value. Microbrewers have been producing and selling beer with characteristic product offerings among its target customers, which has resulted in homogeneous market. This has allowed craft brewers to establish their independent segment in the global craft beer market. For instance, as of 2017, the U.S. had more than 6,256 craft breweries operati...