Beer Craft Market

Craft Beer Market: A Comprehensive Overview and Future Forecast

Global

The global craft beer market has witnessed significant expansion, reaching a value of USD 10922 billion in 2023. Driven by rising consumer demand for premium and artisanal beverages, the market is anticipated to continue its growth trajectory, projecting a CAGR of XX% during the forecast period.

India

The Indian beer market has experienced remarkable growth in recent years, making it one of the fastest-growing markets globally. Craft beer has played a major role in driving this growth, with the market valued at USD 277 billion in 2022. By 2030, it is expected to cross USD 702 billion, indicating a promising future for craft beer in India.

International

The global craft beer market size was estimated at USD 1032 billion in 2022 and is projected to soar to USD 2826 billion by the end of the forecast period. This impressive growth can be attributed to the increasing popularity of craft beer among consumers worldwide, as well as the expansion of craft breweries and the introduction of innovative flavors and styles.