Craft Beer Manufacturers Thriving on Back of Rising Brewery Tourism as a Unique Travel Experience: Fact.MR Report

Rockville Pike, Feb. 26, 2025 (GLOBE NEWSWIRE) -- According to a revised industry report by Fact.MR, revenue from the global craft beer market is projected to reach US$ 93.97 billion in 2024 and has been forecasted to increase at a CAGR of 7.2% from 2024 to 2034.

The market has been given a decent nudge due to the expanding craft beer tourism as more consumers look for unusual travel experiences that revolve around brewery visits. This trend involves travelers visiting various breweries, often attracted by the possibility of unique, local beer selections. Breweries take advantage of this by offering unique experiences such as tours, beer tastings, and special events, which increase their attractiveness and help people engage with craft beer culture on a deeper level. Craft beer tourism thus is contributing to market expansion by attracting a constant flow of tourists and enthusiasts ready to discover and savor the rich world of craft brewing.

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Owing to the rising number of new craft breweries operating and customers' increasing interest in trying out diverse tastes, the East Asia region is projected to hold a significant market share for craft beer. Because of their long history of producing beer, Western and Eastern Europe are attractive destinations for craft beer lovers. Craft beer is also becoming popular in countries such as the United Kingdom, Germany, and Belgium.

Key Takeaways from Market Study

• The global market for craft beer is projected to reach US$ 187.99 billion by 2034-end.
• East Asia is set to hold 23.7% of the global market share in 2024.
• The market in the United States is expected to generate revenue worth US$ 29.84 billion by 2034.
• Revenue from the sales of stout craft beer is projected to reach US$ 34.89 billion by the end of 2034.
• The market in Japan is projected to expand at a CAGR of 7.3% from 2024 to 2034.
• The market in North America is forecasted to reach US$ 37.88 billion by the end of 2034.
• Based on brewer, non-alcoholic craft beer is expected to hold 34.25% of the global market share in 2024.

“Leading craft beer producers are focusing on creating new flavors and types that appeal to a wide range of consumers and preferences. Social media is being effectively used by many businesses to run efficient marketing campaigns and draw in a wider audience,” says a Fact.MR analyst

Stout Craft Beer Gaining Popularity across the World

Stout craft beer is in higher demand than other varieties. Stouts are more popular because of their rich, complex flavors that include notes of coffee, chocolate, roasted malt, and other ingredients. Customers who like their beer strong and full-bodied are choosing this flavor depth. Additionally, stouts are available in a variety of types, including milk, imperial, and oatmeal stouts. Each style holds unique properties that appeal to a wide range of preferences.

Stout craft beer is seen as adaptable and goes well in various setting such as bars and restaurants. Many people enjoy this because its complements a variety of cuisines, including hearty meals and sweets.

Key Market Players Driving the Craft Beer Market

Key businesses driving the craft beer market include Anheuser-Busch InBev SA/NV; Heineken Holding N.V; Boston Beer Company Inc.; Molson Coors Brewing Co.; Duvel Moortgat NV; FIFCO USA; Bells Brewery Inc.; D.G Yuengling & Sons Inc.; Sierra Nevada Brewing Co.; Stone Brewing Co.; New Belgium Brewing Company; MillerCoors LLC; Mark Anthony Brands Inc.; Alaskan Brewing Company; Coca-Cola FEMSA; American Brew Crafts Pvt Ltd (ABCL); Best Day Brewing; uGeist Brewing Co

Industry News in the Craft Beer Market

Key craft beer players are innovating with new flavors and styles to cater to diverse consumer preferences. Many brands leverage social media for marketing, expanding their reach and engagement.

World of Brands (WoB) is strengthening its presence in Karnataka, India, by expanding manufacturing and partnering with a contract facility in Mudhol. In July 2024, uGeist Brewing Co., a leading South Indian craft beer brand, launched in Puducherry, bringing its six signature brews to a new audience. Best Day Brewing introduced Nature's Pils, a limited-edition non-alcoholic beer in collaboration with The Conservation Alliance. Coca-Cola FEMSA also entered the Brazilian craft beer market by acquiring the Therezopolis brand.

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Related Market Projections for 2034

Specialty Beer Market	US$ 51.5 Billion
Non-Alcoholic Beer Market	US$ 42.5 Billion
Electrolyte Beer Market	US$ 510 Million
Low-Alcohol Beverage Market	US$ 1.3 Billion

More Valuable Insights on Offer

Fact.MR, in its new offering, presents an unbiased analysis of the craft beer market, presenting historical demand data (2019 to 2023) and forecast statistics for 2024 to 2034.

The study divulges essential insights into the market based on product (brown ale, pale ale, porter, stout, pale lager, pilsner, marzens, bocks), brewer (American sour, non-alcoholic, Belgian fruit Lambic, Flanders red ale, Belgian Gueuze), and sales channel (microbreweries, brewpubs, contract brewing companies, independent regional craft brewing companies), across seven major regions of the world (North America, Western Europe, Eastern Europe, East Asia, Latin America, South Asia & Pacific, and MEA).

Discover Additional Market Insights from Fact.MR Research

The global specialty beer market is set to grow at an 11% CAGR, rising from US$ 17 billion in 2023 to US$ 48 billion by 2033. Off-trade channels like supermarkets and specialty shops are key drivers, offering high product visibility and competitive pricing, boosting fruit beer sales.

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The food & beverage industry is undergoing a dynamic transformation driven by shifting consumer preferences, technological advancements, and sustainability trends. From plant-based alternatives and functional foods to AI-driven food production, the sector is projected for remarkable expansion. Fact.MR analyzes emerging trends, market drivers, and opportunities to help businesses stay ahead in this evolving landscape.

About Us:

Fact.MR is a distinguished market research company renowned for its comprehensive market reports and invaluable business insights. As a prominent player in business intelligence, we deliver deep analysis, uncovering market trends, growth paths, and competitive landscapes. Renowned for its commitment to accuracy and reliability, we empower businesses with crucial data and strategic recommendations, facilitating informed decision-making and enhancing market positioning. With its unwavering dedication to providing reliable market intelligence, FACT.MR continues to assist companies in navigating dynamic market challenges with confidence and achieving long-term success. With a global presence and a team of experienced analysts, FACT.MR ensures its clients receive actionable insights to capitalize on emerging opportunities and stay ahead in the competitive landscape.

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