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Analysis of âCraft Beers Datasetâ provided by Analyst-2 (analyst-2.ai), based on source dataset retrieved from https://www.kaggle.com/nickhould/craft-cans on 28 January 2022.
--- Dataset description provided by original source is as follows ---
It's a great time to be a craft beer fan in the U.S.! There are a ton of beer styles and brands to choose from and breweries have become very successful in the last several years. Breweries owe it all to beer lovers around the world! This dataset contains a list of 2,410 US craft beers and 510 US breweries. The beers and breweries are linked together by the "id". This data was collected in January 2017 from CraftCans.com. The dataset is an a tidy format and values have been cleaned up for your enjoyment.
beers.csv - Contains data on 2000+ craft canned beers
breweries.csv - Contains data for 500+ breweries in the United States
If you are interested in learning more about how this dataset was acquired, I wrote an extensive blogpost about it http://www.jeannicholashould.com/python-web-scraping-tutorial-for-craft-beers.html.
Can you predict the beer type from the characteristics provided in the dataset?
What is the most popular beer in North Dakota?
Enjoy!
--- Original source retains full ownership of the source dataset ---
This dataset was created by Evan Hallmark
matchbench/Beer dataset hosted on Hugging Face and contributed by the HF Datasets community
This dataset was created by Sani Kamal
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This list identifies the brands of beer made by beer manufacturers and microbreweries that are subject to the beer tax.
You can use this list to calculate the beer tax you pay when you purchase certain brands.
"http://www.fin.gov.on.ca/en/tax/bwt/taxincludedpricing.html">Read: how to calculate beer tax
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The global Craft Beer market size was valued at USD 114.1Ă Billion in 2023Ă and is expected to reach USD 282.6 Billion in 2032. It is expected to grow at a CAGR of 10.6% between 2023 and 2032. North America dominates the global craft beer market, accounting for 38% of sales in 2023, largely due to its vibrant beer culture and numerous craft breweries.
Craft beer is a type of beer that is produced by independent, small breweries that prioritize flavor, quality, and innovation over mass production. This sector has carved out a niche within the larger beer industry, offering consumers diverse and distinctive beer flavors and experiences.
According to the Brewers Association, In the US, small and independent brewers produced 24.3 million barrels of beer in 2022, while craft beer market share by volume increased to 13.2%, up from 13.1% the previous year.
https://market.us/wp-content/uploads/2023/01/Craft-Beer-Market.jpg" alt="Craft Beer Market" width="1216" height="722">
Technological developments in beer brewing have led to the introduction of a diverse range of goods in the market. One of the most popular versions in the range, the aforementioned product has seen tremendous growth in popularity in recent years.
Good growth is being experienced by the market, particularly in North America because of the regionâs abundance of tasty selections and ongoing taste enhancement. Since consumers are constantly looking for new and inventive drinks, the advent of flavorful options has increased the consumption of these types of beverages.
The product incorporates CBD, an innovative non-psychoactive ingredient found in cannabis plants. Breweries using hemp oil in their limited edition lineup of IPAs and APAs include The Long Trail Brewing Company in Vermont. Customers are gravitating toward beers infused with CBD because they are low in calories and the CBD lessens the bitter flavor of the hops, which is enhanced by the terpenesâ citrus undertones.
This statistic shows the share of online beer sales in China from 2013 to 2017. In 2017, beer sales online accounted for approximately 5.6 percent of all beer sales in China, an increase from only one percent sales share in 2013.
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Craft Beer Market Size 2024-2028
The craft beer market size is forecast to increase by USD 102.87 billion at a CAGR of 12.96% between 2023 and 2028. The market is experiencing significant growth, driven by several key trends. One of the primary factors is the increasing popularity of craft beer in developing countries, as consumers seek out unique and authentic brews. Another trend is the rising population of millennials worldwide, who are more likely to consume craft beer due to their preference for artisanal and locally sourced products. Additionally, the high price point of craft beer contributes to its allure, as consumers are willing to pay a premium for superior quality and taste. These trends are expected to continue shaping the market in the coming years.
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The market has experienced significant sales increases in recent years, driven by shifting consumer tastes toward artisanal brews produced by microbreweries. These beers, made with local ingredients and a focus on premium quality, have become a popular social drink among millennials who value the health benefits and unique flavors they offer. The beer industry has seen a rise in the number of microbreweries, brewpubs, and brewing solutions, with innovative flavors and indigenous ingredients becoming key trends. However, the market faces promotion challenges due to regulations and party culture associations. Brewer associations and brewing equipment suppliers have emerged to support the industry, offering tax breaks and collaborations to help microbreweries thrive. Western culture's influence on beer preferences continues to shape the market, with beer festivals becoming a popular way for consumers to discover new brews and connect with breweries.
Market Segmentation
The market research report provides comprehensive data (region-wise segment analysis), with forecasts and estimates in 'USD billion' for the period 2024-2028, as well as historical data from 2018-2022 for the following segments.
Product
India pale ale
Seasonal craft beer
Pale ale
Amber ale
Other craft beer
Distribution Channel
Off-trade
On-trade
Geography
North America
Canada
US
Europe
Germany
UK
APAC
China
South America
Middle East and Africa
By Product Insights
The India pale ale segment is estimated to witness significant growth during the forecast period. The market has experienced significant sales increases in recent years, driven by evolving consumer tastes and the rise of microbreweries producing artisanal brews. These breweries often use local ingredients to create unique, premium quality beers that appeal to a social drinking culture, particularly among millennials and Gen Z. India pale ale, with its bold flavors and health benefits, remains a popular choice, representing a significant trend in the market. Microbreweries are innovating with indigenous ingredients and techniques to offer consumers a diverse range of flavors and techniques, moving beyond traditional beer styles. Sustainability and local sourcing are also key priorities for community-focused breweries, reflecting broader cultural shifts.
Furthermore, beer festivals and collaborations between breweries further fuel consumer excitement and engagement with the craft beer scene. Brewer associations and brewing solutions providers offer essential resources and equipment for microbreweries and brewpubs, enabling them to produce high-quality beers and cater to the growing demand for premium beer from independent producers. Western culture's influence on beer culture continues to shape consumer preferences, with an emphasis on experience, tastes, and variety. Industrial lagers, once dominant, are being overshadowed by the innovative and flavorful offerings of the market.
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The India pale ale segment was valued at USD 27.68 billion in 2018 and showed a gradual increase during the forecast period.
Regional Insights
North America is estimated to contribute 35% to the growth of the global market during the forecast period. Technavio's analysts have elaborately explained the regional trends and drivers that shape the market during the forecast period.
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The US market is experiencing significant growth due to shifting consumer tastes towards artisanal brews and local ingredients. Microbreweries, which produce premium quality beers using innovative techniques and indigenous ingredients, are gaining popularity among millennials and Gen Z. These community-focused breweries offer a social drinking experience and are associated with health benefits, making them a preferred choice over industrial lagers. The trend towards sustainability and local sourcing is also driving the growth of microb
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The Craft Beer Industry size was valued at USD XX Million in 2023 and is projected to reach USD XXX Million by 2032, exhibiting a CAGR of 9.00 % during the forecast periods. This segment creates demand for diverse, high-quality beers and thus boosts the beer craft industry. Craft beers, due to their diversity in flavor and finer ingredients compared with beers produced on a massive scale, appeal to a large group of beer enthusiasts and are widely presented in bars, restaurants, and at festivals. The types of beers range from IPAs to stouts and lagers, all differing by method of brewing. While tending towards more traditional methods of brewing, many craft breweries use new technologies in quality control and distribution. This would mean its effects on job creation, support to local farming, cultural impact, offering consumers a variety of choices, and sustainability through production at local and small levels. Recent developments include: In October 2022, as part of Anheuser-Busch InBev's strategy to accelerate economic growth in China and better meet consumer needs, Budweiser APAC opened a new brewery in Putian, China. A Budweiser craft brewery in the Fujian province is Budweiser's largest craft brewery in the Asia-Pacific., In April 2022, Bell's Brewery Inc. announced the launch of its new specialty beer, Sparkle and SMaSH, a Belgian Tripel brewed blend of single malt and hops, to celebrate women in the craft beer community., In March 2022, the Modelo Company announced the launch of new products, including an expansion on their successful flavor-forward Cheladas and new test offerings, such as a premium light beer, Modelo Oro. Modelo Chelada Naranja Picosa, Modelo Chelada LimĂłn y Sal, Modelo Oro, Modelo Cantarito-Style Cerveza, and Modelo Ranch Water are among the new offerings.. Key drivers for this market are: Growing Demand for Nutricosmetics Among Millennials, Growing Beauty and Wellness Trend. Potential restraints include: Stringent Government Regulations and Product Guidelines. Notable trends are: Rising Number of Microbreweries.
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This dataset was created by Ritesh Saluja
Released under Database: Open Database, Contents: Database Contents
Once viewed as a hobby, craft beer has evolved into one of the fastest-growing and most popular segments in the US alcoholic beverage market. However, the industry has reached a critical juncture over the past decade, with oversaturation and the emergence of numerous substitutes stalling revenue growth. The pandemic coincided with the normalization phase of craft brewery growth, resulting in significant volatility. Craft breweries struggled to maintain consistent growth after the pandemic, unlike some external competitors. Revenue has been declining at a CAGR of 3.8% over the past five years and is expected to drop by 1.9% in 2024 alone, bringing revenue to $7.2 billion.Craft breweries are limited to producing fewer than 6.0 million barrels of beer annually. A result of, even successful craft breweries remain relatively small compared to multinational beverage producers. With this mandated smaller scope, craft brewers depend heavily on in-house sales and demand from on-premise markets such as local bars and restaurants. As more craft brewers enter the market, competition based on price has intensified. While internal price-based competition is expected, few small breweries can effectively match the prices of larger producers. This disadvantage has weakened profit since 2019.Conditions will likely improve over the next five years, but craft breweries may struggle to reach pre-pandemic highs as the craft beer trend settles into normalization. Profitability is expected to plateau as consumers look towards craft spirits and nonalcoholic beverages to satisfy their evolving tastes. This shift will force brewers to reduce prices or climb spending to retain their market share. Brewers will continue introducing ancillary activities at taprooms to encourage in-person sales and build loyalty. Also, rising disposable income levels and decreases in excise taxes on beer will likely entice new breweries to enter the market. Revenue is predicted to climb at a CAGR of 0.7% over the next five years, reaching $7.5 billion by 2029.
Despite California being, the leading craft beer producer, Vermont is the state with the most breweries per capita. In 2022, there were over 15 breweries for every 100 thousand residents in Vermont. In contrast, California only had 3.3 breweries per 100 thousand inhabitants.
What defines a craft brewery?
A craft beer brewery is defined as one which produces less than six million barrels a year, is independently owned (less than 25 percent of the brewery can be owned by an alcoholic beverage company that is not a craft brewer), has a TTB (Tobacco Tax and Trade Bureau) Notice, and of course, makes beer.
The craft trend
Craft brewing is a trend that has swept the whole nation. Four times the number of breweries operate now than a decade ago. With each passing year, craft beer captures a larger share of overall beer production volume.
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The global beer market size reached US$ 673.9 Billion in 2023. Looking forward, IMARC Group expects the market to reach US$ 797.6 Billion by 2032, exhibiting a growth rate (CAGR) of 1.8% during 2024-2032. The growing e-commerce and online retailing sector, the significant expansion in the tourism and hospitality industry, and the changing consumer preference toward specialty brews, and low-alcohol options are some of the major factors contributing to the market growth.
Report Attribute
|
Key Statistics
|
---|---|
Base Year
| 2023 |
Forecast Years
|
2024-2032
|
Historical Years
|
2018-2023
|
Market Size in 2023 | US$ 673.9 Billion |
Market Forecast in 2032 | US$ 797.6 Billion |
Market Growth Rate (2024-2032) |
1.8%
|
Beer is a popular alcoholic beverage that is primarily produced from four main ingredients such as water, malted barley (or other grains), hops, and yeast. It involves fermenting sugars from the grains with yeast, which produces alcohol and carbonation. There are several types of products, with lagers and ales being the two broad categories. Lagers are typically fermented at cooler temperatures and tend to have a cleaner, crisper taste, while ales are fermented at warmer temperatures, resulting in several flavors and aromas. Additionally, it is known for its numerous flavors, which can include bitter, sweet, sour, and even fruity tastes.
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The market is driven by the evolving consumer preferences. In addition, the increasing product demand for socializing, relaxation, and celebrations is influencing the market growth. Also, it is low in calories, and low in alcohol, and offers non-alcoholic options to consumers seeking healthier alternatives to traditional, thus augmenting the market growth. Moreover, breweries continue to innovate with new ingredients, brewing techniques, and flavors which keeps consumers engaged and excited about trying new products, thus representing another major growth-inducing factor. Besides this, the craft product movement has seen exponential growth, with small, independent breweries gaining market share and drawing consumers to the authenticity and unique offerings of craft breweries, thus accelerating the sales demand. Along with this, the implementation of several government regulations, such as reduced restrictions on alcohol sales and distribution are facilitating the growth of the industry, thus propelling the market growth.
The growing e-commerce and online retail sector
The market is driven by the rising e-commerce and online retail sector. Additionally, e-commerce opened up new avenues for producers and retailers to reach a broader customer base. Online stores and delivery services made it easier for consumers to access several product types from the comfort of their homes. Moreover, the online platform offers breweries and craft alcohol producers the opportunity to showcase their products to a global audience representing another major growth-inducing factor. Besides this, the data-driven nature of e-commerce enables personalized recommendations and targeted marketing, allowing companies to customize their product offerings to individual consumer preferences, thus accelerating the sales demand. Furthermore, this data-driven approach enhances customer engagement and provides valuable insights into product development and marketing strategies, thus propelling market growth.
The significant expansion in the tourism and hospitality industry
The market is driven by the escalating product demand due to the significant expansion in the tourism and hospitality industry. In addition, the increasing number of tourists exploring various destinations and the escalating demand for alcoholic beverages, with beer being a popular choice among travelers and patrons of hotels, restaurants, and bars, are influencing the market growth. Moreover, many renowned product manufacturers are expanding their reach across international borders, making their products accessible to a more extensive customer base. Furthermore, the introduction of innovative flavors and craft product options is attracting a wider customer base, including those seeking unique and artisanal experiences, thus propelling market growth.
The changing consumer preference
The market is driven by evolving consumer preferences due to changing societal trends, health consciousness, and a desire for unique and diverse options. In addition, the growing demand for healthier product options among consumers due to the increasing concerns about their well-being is influencing the market growth. Also, the popularity of low-alcohol and non-alcoholic is augmenting the market growth. Breweries are offering several options, catering to health-conscious consumers enjoying numerous types of flavors without the associated alcohol content. Moreover, the increasing demand for craft products is often produced by smaller, independent breweries and offers unique and artisanal flavors, authenticity, and diversity, while providing an alternative to mass-produced, standardized options, which represents another major growth-inducing factor. Furthermore, the growing environmental concern led to the adoption of environmentally friendly practices, such as recycling, reducing waste, and sourcing locally to meet consumer expectations, thus creating a positive market outlook.
IMARC Group provides an analysis of the key trends in each segment of the global beer market report, along with forecasts at the global, regional, and country levels for 2024-2032. Our report has categorized the market based on product type, packaging, production, alcohol content, flavor, and distribution channel.
Breakup by Product Type:
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Standard lager represents the most popular product type used
The report has provided a detailed breakup and analysis of the market based on the product type. This includes standard lager, premium lager, specialty beer, and others. According to the report, standard lager accounted for the largest market share.
Standard lager, known for its crisp and refreshing taste, has managed to capture a significant share of the market due to its widespread appeal and adaptability catering to numerous individuals seeking a light and easy-drinking option to desiring a go-to choose for social gatherings drinks which is influencing the market growth. Its approachable taste, characterized by a balanced blend of malt sweetness and a mild hop bitterness, resonates with the audience, making it a preferred choice for many.
Moreover, standard lager has found its place in the ever-evolving craft beer movement. Some craft breweries are recognizing the appeal of producing their own versions of lagers, targeting consumers who seek artisanal quality while maintaining the familiarity of a standard lager is propelling the market growth.
Breakup by Packaging:
Glass represents the leading packaging material
A detailed breakup and analysis of the market based on the packaging has also been provided in the report. This includes glass, PET bottle, metal can, and others. According to the report, glass accounted for the largest market share.
Glass bottles preserve the integrity of the product with their impermeable nature shielding the brew from external elements, such as light and oxygen, which can compromise taste and quality and ensure the product remains fresh and unaltered, contributing to a consistent and enjoyable drinking experience for consumers.
Additionally, glass offers
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Graph and download economic data for Producer Price Index by Industry: Breweries: Beer and Ale in Barrels and Kegs (PCU3121203121207) from Jun 1982 to Oct 2024 about beer, PPI, industry, inflation, price index, indexes, price, and USA.
This dataset was created by Joel Ljungström
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The global high end craft beer market size was valued at approximately USD 32 billion in 2023 and is forecasted to reach USD 68 billion by 2032, growing at a compound annual growth rate (CAGR) of 8.7% over the forecast period. This growth is driven by factors such as increasing consumer preference for premium and artisanal beverages, rising disposable incomes, and the expanding variety of craft beer flavors and types.
One of the primary growth factors in the high end craft beer market is the shifting consumer preference towards quality and unique taste experiences. With the growing awareness about different beer styles and brewing techniques, consumers are increasingly willing to pay a premium for craft beers that offer distinctive flavors and brewing authenticity. This is a notable trend, especially among younger consumers who prioritize experience and quality over quantity. Additionally, the rise of brewpubs and microbreweries has made craft beer more accessible, further propelling market growth.
Another significant driver of market expansion is the increasing disposable income among middle and upper-middle-class consumers. As economic conditions improve and more individuals have higher disposable incomes, there is a greater propensity to spend on premium beverages. Craft beer, often priced higher than mass-produced alternatives, benefits directly from this trend. The premiumization trend is also encouraging established brewers to diversify their portfolios with high-end craft offerings, thus broadening the market reach.
The diversification of product offerings within the craft beer market also contributes substantially to its growth. Breweries are continually experimenting with new ingredients, brewing techniques, and fermentation processes to create innovative and unique beer varieties. This has led to a proliferation of stylesâranging from IPAs and stouts to sours and barrel-aged beersâthat cater to different consumer tastes and preferences. Such diversification not only attracts a wider audience but also encourages repeat purchases and brand loyalty among existing consumers.
Regionally, North America remains the largest market for high end craft beer, driven by the United States, which has a well-established craft beer culture. Europe follows closely, with countries like Belgium, Germany, and the UK leading in both production and consumption. The Asia Pacific region is emerging as a significant growth area, driven by rising consumer awareness and increasing disposable incomes in countries like China, India, and Japan. Latin America and the Middle East & Africa are also witnessing growth, albeit at a slower pace, as the craft beer trend gradually permeates these regions.
The product type segment in the high end craft beer market encompasses various categories such as IPA, stout, porter, lager, ale, and others. Each product type offers unique flavors and brewing characteristics, catering to diverse consumer preferences. India Pale Ales (IPAs) have become particularly popular due to their strong hop flavors and aromas, appealing to consumers who enjoy bold and bitter profiles. The rise of hazy and New England IPAs has further fueled this segment's growth, making IPAs one of the most sought-after craft beer types globally.
Stouts and porters, known for their rich, dark, and robust flavors, cater to a niche but loyal consumer base. These beers are often associated with colder climates and seasons, making them highly popular in regions with such conditions. The use of coffee, chocolate, and other adjuncts in stouts and porters has also contributed to their appeal, offering consumers a complex and indulgent drinking experience. Craft breweries continue to innovate within this segment, experimenting with barrel-aging and other techniques to create unique offerings.
Lagers, traditionally associated with mass-market beers, have also found a place in the craft beer market. Craft breweries have been producing lagers with more character and depth, appealing to consumers who prefer lighter, crisper beers but still seek quality and craftsmanship. The resurgence of interest in traditional lager styles, such as Pilsners and Helles, has helped this segment grow. Additionally, craft lagers often serve as a gateway for consumers transitioning from mainstream beers to craft offerings.
Ales, including pale ales, Belgian ales, and amber ales, remain a staple in the craft beer market. These beers are known for their balanced flavo
In 2023, the global beer production amounted to about 1.88 billion hectoliters, up from 1.3 billion hectoliters in 1998. Beer is a widely consumed beverage around the world, made out of water, malt, hops and yeast as basic ingredients. Global leading countries in beer production are China, the United States and Brazil. BeerBeer is the most popular alcoholic beverage worldwide, and the third-most popular drink overall after water and tea. Research shows that people have been brewing this famous beverage as early as several thousand years before the Common Era. Recent studies claim that the production and consumption of beer was a major factor in the development of civilized society, arguing that the important and often spiritual role beer played in traditional ceremonies and feasts contributed to the development of ritual and tradition and consequently the development of society at large. The American beer palette has undergone changes in recent years. More and more consumers are turning to craft beer over the well-established name brands. In general, a craft beer comes from a small, independently owned brewery that uses traditional brewing methods and focuses on manufacturing beer with a unique taste and quality rather than on mass production. More and more of these breweries have appeared in the beer landscape in the last few years. Domestic beer brands, like Budweiser and Miller Light, are still leading the American beer market. While facing unexpected competition for beer fans from the independent brewers of America, the top brands stand to capitalize on casual drinkers looking for a tasty and simple beer at a reasonable price.
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The global craft beer ingredients market size was valued at approximately $11.8 billion in 2023 and is projected to reach around $21.5 billion by 2032, reflecting a compound annual growth rate (CAGR) of 6.7%. This growth trajectory is primarily driven by the increasing consumer demand for unique and high-quality craft beer, the rising trend of microbreweries, and the growing preference for artisanal beverages among millennials.
One of the primary growth factors for the craft beer ingredients market is the shift in consumer preferences towards premium and personalized beer experiences. Consumers are increasingly seeking beverages that offer distinctive flavors and are made using high-quality ingredients. This trend is particularly strong among millennials and younger generations who value authenticity and are willing to pay a premium for craft beers that provide a unique tasting experience. Consequently, craft breweries are investing in a diverse range of ingredients, including specialty malts, exotic hops, and unique yeast strains, to cater to this demand.
The proliferation of microbreweries and brewpubs across the globe has significantly bolstered the demand for craft beer ingredients. Microbreweries, characterized by small-scale production and an emphasis on quality and innovation, have become a global phenomenon. These establishments often experiment with different ingredients to create distinctive beer styles, thereby driving the demand for a variety of craft beer ingredients. The cultural shift towards supporting local businesses has also aided the growth of microbreweries, further fueling market expansion.
Technological advancements and innovations in brewing techniques have also played a crucial role in the growth of the craft beer ingredients market. Modern brewing technology allows for more precise control over the brewing process, enabling brewers to experiment with and perfect new recipes. Innovations such as automated brewing systems, advanced fermentation equipment, and improved quality control measures have made it easier for craft brewers to produce high-quality beer consistently. This technological progression has not only enhanced the quality of craft beer but has also expanded the possibilities for ingredient experimentation.
Regionally, North America and Europe are the dominant markets for craft beer ingredients, with the United States, Germany, and the United Kingdom leading the charge. These regions have well-established craft beer cultures and a high concentration of microbreweries and craft breweries. Additionally, the Asia Pacific region is emerging as a significant market due to the growing popularity of craft beer among urban consumers and the increasing number of craft breweries in countries like China, Japan, and Australia. The Latin American and Middle Eastern markets also show promising growth potential, driven by changing consumer preferences and increasing disposable incomes.
The craft beer ingredients market is segmented by ingredient type into malt, hops, yeast, enzymes, and others. Malt is a key ingredient in beer production, providing the necessary sugars for fermentation and contributing to the flavor, color, and body of the beer. Specialty malts, such as caramel or roasted malts, are particularly popular in the craft beer industry as they allow brewers to create a wide range of beer styles with unique flavor profiles. The demand for high-quality malt is expected to rise as the craft beer market continues to grow and diversify.
Hops are another critical ingredient in craft beer production, known for their ability to impart bitterness, aroma, and flavor to the beer. The craft beer industry has seen a surge in demand for unique and exotic hop varieties, such as Citra, Mosaic, and Galaxy, which offer distinct aromatic and flavor characteristics. The growing trend of hop-forward beer styles, such as IPAs (India Pale Ales), has further driven the demand for diverse hop varieties. Additionally, innovations in hop cultivation and processing have enabled brewers to access a wider range of hop products, including hop extracts and pellets, enhancing their ability to create complex and flavorful beers.
Yeast plays a crucial role in the fermentation process, converting sugars into alcohol and carbon dioxide. Different yeast strains contribute to the development of various beer styles, each imparting distinct flavor and aroma characteristics. The craft beer industry places a strong emphasis on the use of unique and specialty yeast strain
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Beer Market Size 2024-2028
The beer market size is expected to grow to USD 148.43 billion, at a compound annual growth rate (CAGR) of 3.72% between 2023 and 2028. The expansion of the market is fueled by a confluence of factors, contributing to its robust growth and dynamic nature. One significant driver is the rising demand for beer in emerging economies, where increasing disposable incomes and urbanization are boosting beer consumption. Additionally, there is a global preference for premium beers, as consumers are willing to spend more on high-quality, craft beer, and specialty brews. The rise of the online retail landscape for beer is also accelerating market growth, making it easier for consumers to access a wide variety of beer products. Furthermore, the introduction of innovative flavors is attracting new consumers and retaining existing ones, adding to the market's vibrancy. A notable trend within the industry is the growing popularity of low-alcohol beers, reflecting evolving consumer preferences towards healthier lifestyle choices. However, the market faces challenges such as stringent regulations and hefty taxes on alcoholic beverages, which can impact pricing and availability. Rising competition from non-alcoholic beverages also poses a threat, as consumers increasingly explore these options. Despite these obstacles, the market remains dynamic, driven by constant innovation and changing consumer behaviors.
What will be the Beer Market Size during the Forecast period?
The market shows an accelerated CAGR during the forecast period.
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Beer Market Segmentation
The beer market research and growth report provides comprehensive data (region-wise segment analysis), with forecasts and estimates in USD Billion for the period 2024 to 2028, as well as historical data from 2018 to 2022 for the following segments.
Deployment Outlook
Bottles
Cans
Application Outlook
On-trade
Off-trade
Region Outlook
North America
The U.S.
Canada
Europe
The U.K.
Germany
France
Rest of Europe
APAC
China
India
South America
Chile
Brazil
Argentina
Middle East & Africa
Saudi Arabia
South Africa
Rest of the Middle East & Africa
In the packaging segment of the market, various materials and methods are employed to preserve the quality and taste of the alcoholic beverage. Packaging materials such as glass, aluminum cans, and PET bottles ensure the safe transport and storage of beer. Water, a crucial ingredient in brewing, is carefully sourced and treated to meet quality standards. Malted barley and grains provide the base for beer production, contributing to its flavor and color. Hops add bitterness, aroma, and flavor to beer, enhancing its taste profile. Yeast, a key ingredient, ferments sugars into alcohol and carbon dioxide, resulting in the production of alcoholic beverages. Different beer types, like ales, lagers, and stouts, are packaged according to their specific characteristics and consumer preferences. Non-alcoholic beer is packaged similarly to alcoholic beer but undergoes a different brewing process to remove alcohol. Craft breweries often use small-batch production methods, allowing for more flexibility and experimentation in packaging options. Retail stores and direct-to-consumer channels offer various beverage options to cater to different consumer preferences. Overall, packaging plays a vital role in maintaining the quality, freshness, and appeal of beer products in the market.
By Packaging
The market share by the bottles segment will be significant during the forecast period. It has been traditionally packaged in glass bottles, mainly brown-colored bottles. This is supported by the fact that the 600-ml beer bottle is one of the most popular glass options, and it can be shared among 2-3 people. Consumers nowadays also prefer lightweight metal cans, which can be adapted to the social situation. Other packaging materials, such as wooden containers and polyethene terephthalate (PET) bottles, are also available.
The bottles segment was valued at USD 410.74 billion in 2018.
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Furthermore, many traditional authentic breweries prefer bottled products to be a part of the traditional art of brewing. Internationally distinguished brands have launched new fibre beer bottles and containers in June 2022. Moreover, they are biodegradable and serve as a sustainable option for packaging. Instead of a plastic seal, the company uses an impermeable coating. The wood fibre for bottles comes from sustainably managed wood fibres. Such developments are expected to drive the growth of the bottle segment, which in turn is anticipated to drive the growth of the be
More than two-thirds respondents to a recent survey in the United States claimed that were direct-to-consumer shipments of craft beer available to them they would spend 50 U.S. dollars or more per month on the beverage. Slightly less than half stated they would spend 100 dollars or more per month.
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License information was derived automatically
Analysis of âCraft Beers Datasetâ provided by Analyst-2 (analyst-2.ai), based on source dataset retrieved from https://www.kaggle.com/nickhould/craft-cans on 28 January 2022.
--- Dataset description provided by original source is as follows ---
It's a great time to be a craft beer fan in the U.S.! There are a ton of beer styles and brands to choose from and breweries have become very successful in the last several years. Breweries owe it all to beer lovers around the world! This dataset contains a list of 2,410 US craft beers and 510 US breweries. The beers and breweries are linked together by the "id". This data was collected in January 2017 from CraftCans.com. The dataset is an a tidy format and values have been cleaned up for your enjoyment.
beers.csv - Contains data on 2000+ craft canned beers
breweries.csv - Contains data for 500+ breweries in the United States
If you are interested in learning more about how this dataset was acquired, I wrote an extensive blogpost about it http://www.jeannicholashould.com/python-web-scraping-tutorial-for-craft-beers.html.
Can you predict the beer type from the characteristics provided in the dataset?
What is the most popular beer in North Dakota?
Enjoy!
--- Original source retains full ownership of the source dataset ---