Craft Beer Market in Europe 2024:
Base Year: 2023
Historical Years: 2018-2023
Forecast Years: 2024-2032
Market Size in 2023: US$ 37.7 Billion
Market Forecast in 2032: US$ 67.0 Billion
Market Growth Rate: 6.57% (2024-2032)
How Big is the Europe Craft Beer Industry ?
The craft beer market in Europe to reached US$ 37.7 Billion in 2023. Looking forward, IMARC Group expects the market to reach US$ 67.0 Billion by 2032, exhibiting a growth rate (CAGR) of 6.57% during 2024-2032.
European Craft Beer Market Trends:
Growing Consumer Interest
- Rising consumer demand for artisanal and boutique beer options.
Proliferation of Microbreweries and Craft Beer Pubs
- Expansion of microbreweries and craft beer pubs across Europe.
Preference for Unique and Locally Sourced Ingredients
- Increasing preference for unique and locally sourced ingredients.
Craft Beer Tourism
- Rising trend of craft beer tourism in Belgium, Germany, and the UK.
Collaborations with Local Farms
- Collaborations between craft brewers and local farms for fresh, organic ingredients.
Beer Festivals and Competitions
- Growing number of beer festivals and craft beer competitions.
Availability in Mainstream Outlets
- Increasing availability of craft beer in mainstream supermarkets and restaurants.
Influence of Social Media
- Social media promoting small-scale breweries and unique brews.
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Europe Craft Beer Market Scope and Growth Analysis:
Diversification of Flavor Profiles and Brewing Techniques
- Attracts a broader range of palates and preferences.
Integration of Technology in Brewing Processes
- Enhances quality control and efficiency.
- Broadens product consistency and consumer trust.
Craft Beer Export Initiatives
- Broadens the market's geographical reach.
- Extends influence globally.
Development of Low-Alcohol and Non-Alcoholic Variants
- Expands market accessibility for health-conscious consumers and those with dietary restrictions.
Collaboration with Gourmet Restaurants
- Enhances the gastronomic appeal of craft beers through pairing menus.
Government Support for Craft Breweries
- Reduced taxes and subsidies widen the scope for market expansion.
Increasing Consumer Activism for Sustainable and Ethical Practices
- Enhances market depth in environmental and social responsibility.
Europe Craft Beer Industry Segmentation:
The report has segmented the market into the following categories:
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
Competitive Landscape:
The report offers an in-depth examination of the competitive landscape. It includes a thorough competitive analysis encompassing market structure, key player positioning, leading strategies for success, a competitive dashboard, and a company evaluation quadrant.
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Other key areas 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
Note: If you need specific information that is not currently within the scope of the report, we can provide it to you as a part of the customization.
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