Europe Craft Beer Market 2024-2032
Base Year: 2023
Historical Years: 2018-2023
Forecast Years: 2024-2032
Market Size in 2023: USD 37.7 Billion
Market Forecast in 2032: USD 67.0 Billion
Market Growth Rate : 6.57% (2024-2032)
How big is the Europe Craft Beer Industry ?
The Europe craft beer market size reached USD 37.7 Billion in 2023. Looking forward, IMARC Group expects the market to reach USD 67.0 Billion by 2032, exhibiting a growth rate (CAGR) of 6.57% during 2024-2032.
Europe Craft Beer Market Trends:
The European craft beer market is primarily driven by the growing consumer interest in artisanal and boutique beer options. In line with this, the proliferation of microbreweries and craft beer pubs across Europe is providing an impetus to the market. Moreover, the increasing consumer preference for unique and locally sourced ingredients is acting as significant growth-inducing factors for the market. In addition to this, the rising trend of craft beer tourism in countries like Belgium, Germany, and the UK is resulting in higher exposure and sales.
Besides this, the collaborations between craft brewers and local farms for the supply of fresh and organic ingredients are creating lucrative opportunities in the market. Also, the growing number of beer festivals and craft beer competitions is positively impacting the market. The market is further driven by the increasing availability of craft beer in mainstream supermarkets and restaurants. Apart from this, the influence of social media platforms in promoting small-scale breweries and their unique brews is propelling the market.
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Europe Craft Beer Market Scope and Growth Analysis:
The scope of the Europe craft beer market growth is expanding as the diversification of flavor profiles and brewing techniques attracts a broader range of palates and preferences. The market is also benefiting from the integration of technology in brewing processes, which enhances quality control and efficiency, broadening product consistency and consumer trust. Additionally, the establishment of craft beer export initiatives is broadening the market’s geographical reach, extending its influence globally.
Furthermore, the development of low-alcohol and non-alcoholic craft beer variants is expanding market accessibility to health-conscious consumers and those with dietary restrictions. The collaboration of craft breweries with gourmet restaurants to create pairing menus is seen as a key factor in enhancing the gastronomic appeal of craft beers. Government support for craft breweries through reduced taxes and subsidies is also widening the scope for market expansion. Moreover, the increasing consumer activism for sustainable and ethical production practices is enhancing market depth in environmental and social responsibility.
Europe Craft Beer Industry Segmentation:
Product Type Insights:
- Ales
- Lagers
- Others
Age Group Insights:
- 21-35 Years Old
- 40-54 Years Old
- 55 Years and Above
Distribution Channel Insights:
- On-Trade
- Off-Trade
Country Insights:
- Germany
- France
- United Kingdom
- Italy
- Spain
- Others
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Competitive Landscape:
The report provides a detailed analysis of the competitive environment. It covers various aspects such as market structure, positioning of key players, top strategies for success, a competitive dashboard, and a company evaluation quadrant. Furthermore, the report includes comprehensive profiles of all major companies.
Other Key Points Covered in the Report:
- COVID-19 Impact on the Market
- Porter’s Five Forces Analysis
- Strategic Recommendations
- Market Dynamics
- Historical, Current and Future Market Trends
- Market Drivers and Success Factors
- SWOT Analysis
- Value Chain Analysis
- Comprehensive Mapping of the Competitive Landscape
- Top Winning Strategies
- Recent Industry News
- Key Technological Trends & Development
If you need specific information that is not currently within the scope of the report, we will provide it to you as a part of the customization.
About Us:
IMARC Group is a leading market research company that offers management strategy and market research worldwide. We partner with clients in all sectors and regions to identify their highest-value opportunities, address their most critical challenges, and transform their businesses.
IMARC’s information products include major market, scientific, economic and technological developments for business leaders in pharmaceutical, industrial, and high technology organizations. Market forecasts and industry analysis for biotechnology, advanced materials, pharmaceuticals, food and beverage, travel and tourism, nanotechnology and novel processing methods are at the top of the company’s expertise.
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