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Jan. 16, 2020, 12:11 a.m. EST

Craft Beer Market 2020 Trends, Growth, Size, Segmentation, Future Demands, Latest Innovation and Forecast to 2026 | Fortune Business Insights™

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Jan 16, 2020 (The Expresswire) -- Key Companies Covered in Craft Beer Market Report are G. Yuengling and SonThe Boston Beer Company, Heineken, Constellation Brands, Anheuser-Busch InBev and the Sierra Nevada. and more

The use of premium-quality raw materials for new flavors and styles is expected to contribute growth to the global craft beer market , says Fortune Business Insights in a report, titled “Craft Beer Market Size, Share and Global Trend By Type (Ales, Pilsners and Pale Lagers, Specialty Beers, Others), By Distribution (On-trade, Off-trade), and Geography Forecast till 2026.” The dominance of small independent and private label breweries is fostering the growth of the craft beer brands.

Some key companies that are present in the global craft beer market are

  • G. Yuengling and Son

  • The Boston Beer Company

  • Heineken

  • Constellation Brands

  • Anheuser-Busch InBev and the Sierra Nevada.

Gen!us launches ‘light’ Craft Beer

British beer maker Gen!us announced a light craft beer brewed with three hop varieties and pilsner malts, containing only 72 calories. The launch of the new craft beer is likely to fuel demand among health-conscious and gym-goers due to the low-calorie content which will, in turn, enable growth of the global craft beer market. The acquisitions between companies to launch craft beer is also supporting the growth of the global craft beer market.

To Gain More Insights into the Market with Detailed Table of Content and Figures, Click Here: https://www.fortunebusinessinsights.com/industry-reports/craft-beer-market-100736

For instance, Kingfisher partnered with Freedom, The UK’s original craft breweries, to create a pale ale targeted precisely at the Indian food occasion. Bombay Bicycle uses New World hops such as Cascade and Chinook to give some citrus and tropical fruit notes to refresh the pallet. The recent launch of craft beer by market key player along with rising demand for low-calorie craft beer are contributing significantly to the global craft beer market.

Demand for Low Alcohol by Volume (ABV) Beer to Boost Market

The rising production of craft beer along with changing consumption habits is driving the craft beer market. An increasing number of consumers seeking innovative and flavorful options are also contributing considerably to the global craft beer market. The premiumization inclination towards drinking less but better beer is also a prime reason responsible for boosting the global craft beer market.

The maturation phase of the beer industry has gradually improved by the flavorful revolution in the form of craft beer. The dominance of private label breweries and small independent breweries are making the market highly lucrative which is subsequently aiding in market growth.

The rising demand towards low alcohol by volume (ABV) beer along with the overall quality and safety profile of the craft beer is contributing positively to the global craft beer market. In addition, the utilization of premium-quality raw materials for the production craft beer in new styles and flavors is expected to offer huge growth opportunity during the forecast period. However, high prices and restrictive regulatory framework is likely to hinder the growth of the global craft beer market.

Major Segments includes;

By Type

  • Ales

  • Pilsners and Pale Lagers

  • Specialty Beers

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