Craft beer is refer as the beer which is made by brewer that is in actual small, independent, and traditional. Due to the local and international brewers there is expansion of distribution network, and because of which the craft beer is fetching the higher sales then traditional beer. In today's industry beer has totally attend the maturation stage , but flavorful revolution in the beer is trending in the market and it is capturing the drinkers in all over the world. Due to the low percentage of sweeteners available in the beer, it is acquiring the diabetic and gym-holic drinkersAccording to AMA, the market for Craft Beer is expected to register a CAGR of 10.26% during the forecast period to 2025. This growth is primarily driven by Rising the consumption of drink with the low alcohol by volume and Popularity is gaining among the younger populations.
Globally, a noticeable market trend is evident Arrival of the new innovative beer such as the fortified one is trending among the population
. The Beverages sector in the North America region has been increasing at a strong rate and further growth is expected to be witnessed over the forecast period, owing to the robust investments and expansion in production facilities in the region. Major Vendors, such as BrewDog (United Kingdom), Chimay Brewery (Belgium), Boston Beer Co. (United States), AFBrew, Asahi Group Holdings (ASH) (Japan), Himburgs Braukunstkeller (Germany), BUXTON BREWERY (United Kingdom), The Craft Beer Co. (United Kingdom), Yuengling & Son Inc. (United States), New Belgium Craft Brewery (United States), Deschutes Brewery (United States), Bell's Brewery (United States) and Duvel Moortgat USA (United States) etc have either set up their manufacturing facilities or are planning to start new provision in the dominated region in the upcoming years.
Independent Scottish craft brewer BrewDog, continues to expand its international presence with the launch of its latest international bar located in Finland, in the dynamic southern city of Tampere
The TTB implements and enforces a broad range of statutory and compliance provisions to ensure that alcohol products are created, labeled, and advertised in accordance with Federal laws and regulations
- Rising the consumption of drink with the low alcohol by volume
- Popularity is gaining among the younger populations
- Arrival of the new innovative beer such as the fortified one is trending among the population
- Consumption in the gluten free diet within the beer
- High prices associated with the various beer
- Alternatives with healthier benefits are available in market
Innovation in the flavour and other ingredients related to beer and Untapped potential among the emerging market
Volatility in the raw material prices and Higher taxation and excise duties on local as well as imported beer
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