Craft Beer Production in the US - Industry Market Research Report
Description
Craft Beer Production in the US
Once seen as a hobby, the Craft Beer Production industry has transformed into one of the fastest-growing and most popular alcoholic beverage segments in the United States. As consumers increasingly desire a greater variety of beers, brewers have siphoned significant demand from traditional macrobreweries. Consumers have gravitated toward microbreweries and local brewpubs for their attention to detail, range of styles, quality ingredients and expertise. While the industry experienced growth over much of the five years to 2022, revenue is expected to decline at a CAGR of 1.4% to $7.7 billion because of the losses incurred from the COVID-19 pandemic.
This industry includes microbreweries and brewpubs that produce beer for resale or consumption on premises. A microbrewery produces a limited amount of beer, typically no more than 6.0 million barrels (189,000,000 US gallons) of beer per year. A brewpub brews and sells beer on the premises and may prepare and serve food to dining patrons. A brewpub may also be considered a microbrewery if it engages in a significant amount of beer distribution on a regional level.
This report covers the scope, size, disposition and growth of the industry including the key sensitivities and success factors. Also included are five year industry forecasts, growth rates and an analysis of the industry key players and their market shares.
Once seen as a hobby, the Craft Beer Production industry has transformed into one of the fastest-growing and most popular alcoholic beverage segments in the United States. As consumers increasingly desire a greater variety of beers, brewers have siphoned significant demand from traditional macrobreweries. Consumers have gravitated toward microbreweries and local brewpubs for their attention to detail, range of styles, quality ingredients and expertise. While the industry experienced growth over much of the five years to 2022, revenue is expected to decline at a CAGR of 1.4% to $7.7 billion because of the losses incurred from the COVID-19 pandemic.
This industry includes microbreweries and brewpubs that produce beer for resale or consumption on premises. A microbrewery produces a limited amount of beer, typically no more than 6.0 million barrels (189,000,000 US gallons) of beer per year. A brewpub brews and sells beer on the premises and may prepare and serve food to dining patrons. A brewpub may also be considered a microbrewery if it engages in a significant amount of beer distribution on a regional level.
This report covers the scope, size, disposition and growth of the industry including the key sensitivities and success factors. Also included are five year industry forecasts, growth rates and an analysis of the industry key players and their market shares.
Table of Contents
54 Pages
- ABOUT THIS INDUSTRY
Industry Definition
Main Activities
Similar Industries
Additional Resources
INDUSTRY AT A GLANCE
INDUSTRY PERFORMANCE
Executive Summary
Key External Drivers
Current Performance
Industry Outlook
Industry Life Cycle
PRODUCTS & MARKETS
Supply Chain
Products & Services
Demand Determinants
Major Markets
International Trade
Business Locations
COMPETITIVE LANDSCAPE
Market Share Concentration
Key Success Factors
Cost Structure Benchmarks
Basis of Competition
Barriers to Entry
Industry Globalization
MAJOR COMPANIES
OPERATING CONDITIONS
Capital Intensity
Technology & Systems
Revenue Volatility
Regulation & Policy
Industry Assistance
KEY STATISTICS
Industry Data
Annual Change
Key Ratios
JARGON & GLOSSARY
Search Inside Report
Pricing
Currency Rates
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