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The global craft beer market size is expected to reach USD 190.66 billion by 2027, exhibiting a CAGR of 10.4% during the forecast period. The modification and improvement in the taste of craft beer will foster healthy growth of the market, states Fortune Business Insights, in a report, titled “Craft Beer Market Size, Share & COVID-19 Impact Analysis, By Type (Ale, Lager, Pilsner, and Others), Distribution Channel (On-Trade and Off-Trade), and Regional Forecast, 2020 – 2027.” The market size stood at USD 89.25 billion in 2019.

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Craft Beer Market Size, Share, Analysis | Industry Trends [2028]
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Craft Beer Market Size, Share, Analysis | Industry Trends [2028]

The global craft beer market is projected to grow from $102.59 billion in 2021 to $210.78 billion in 2028 at a CAGR of 10.83% in forecast period, 2021-2028