Craft Beer Market Industry Analysis and Forecast To 2025, States That the Craft Beer Market is Projected to be … – GlobeNewswire (press release)

LAS VEGAS, Nov. 13, 2017 (GLOBE NEWSWIRE) — Craft beer is a beer that is brewed by a small, independent, and traditional brewer. Craft beer is getting more popular in different parts of the world with local and international brewers expanding their network and offering exciting new flavors and tastes. The rising consumer preference for low alcohol by volume (ABV) beer is the main reason for the significant growth of the global craft beer market. As consumers are positively responding and appreciating new styles of flavors of craft beer, the industry will grow rapidly with more players entering the market rapidly. With the use of premium quality raw materials and advanced brewing techniques, brewers have been successful in attracting consumers towards craft beer from mainstream beer.
The on-trade distribution market held a major share of the global market in 2016, due to high consumption of beer in restaurants, clubs, pubs, and bars. The quantity of beer sold through on-trade distribution is large as compared to off-trade distribution. Also, the beer sold through on-trade channels is costlier as compared to the beer sold through off-trade channels, which is the primary reason for the market dominance. Off-trade distribution is carried out through online channels, retailers, and distributors. The growing penetration of craft beer in developing countries such as India, China, Mexico, and Brazil will contribute to the growth of the off-trade market as the low prices will result into increased sales.Get sample of this report: held the largest share of the global craft beer market in 2016. High consumption of craft beer and changing taste of consumers are the key factors driving the market growth in this region. North America will witness favorable growth during the forecast period, with U.S accounting for the largest share of the regional market.The major players emphasize

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