(Entertainment-NewsWire.com, January 23, 2018 ) The Asia-Pacific Craft Beer Market was worth USD 26 billion in 2016 and estimated to be growing at a CAGR of 22.9%, to reach USD 75 billion by 2021. Craft brewery produces small amounts of beer unlike the typical large scale production breweries and is independently owned. It started in United Kingdom in the 1970s producing craft beers alongside regular beers and it quickly spread to Europe and other parts of the world later.
Craft beers produced by craft breweries are typically known for the most part described by their accentuation on quality, flavour and brewing techniques. Sellers in this market compete primarily on elements like price, product differentiation, distribution, promotion and quality.
Asia-Pacific Craft Beer Market is driven by factors like rising demand for low alcohol by volume drinks and flavoured beers, growing awareness of consumers about various flavours and styles of products, rising disposable income and rising consumption of alcohol. However other factors like high price of craft beers as compared to ordinary beers, their production requiring a lot of clean water and health concerns since they are produced by pressurised tanks with caustic chemicals are some restraints for this market. These factors may act as growth hurdles for the Craft Beer Market in certain regions.
The Asia-Pacific market for Craft Beer is broadly categorized by style of production into amber ale, amber lager, IPA (Indian pale ale) and others. By segments this industry is segmented into brewpubs, microbreweries, regional craft breweries and contract brewing companies. These breweries differ in the percentage of beer sold off-site. By distribution the market is divided into on-trade and off-trade. Off-trade sales of these beers are on the rise in developing countries since the per capita income is less and price of beers is high compared to on-trade sales.
In the Global Craft Beer Market, Asia-Pacific has the third largest share of around 25%. The Asia-Pacific Craft Beer Market can be divided into India, China, Taiwan and Australia. China holds the largest share in this market in the Asia-Pacific region and is also the fastest growing region. In July 2013, it was reported that the number of brewing pubs in Shanghai was doubled from 2010.
Some of the major competitors dominating the Asia-Pacific Craft Beer market are Slowboat Brewery, Shanghai Brewery, and Boxing Cat Brewery and Son, Stone & Wood Brewing Co., Chimay Beers and Cheeses, Sierra Nevada Brewing Company and Lagunitas Brewing Company.
Market Segmentation 1) Production Amber Ale Amber Lager Indian Pale Ale Others Y-o-Y Growth Analysis, By Production Market Attractiveness Analysis, By Production Market Share Analysis, By Production
3) Distribution On-Trade Off-Trade Y-o-Y Growth Analysis, By Distribution Market Attractiveness Analysis, By Distribution Market Share Analysis, By Distribution
Reasons to buy Asia Pacific Craft Beer Market Research Report: Regional and country-level analysis and forecasts of the study market; providing Insights on the major countries/regions in which this industry is blooming and to also identify the regions that are still untapped Segment-level analysis in terms of Production, Segments, and Distribution along with market size forecasts and estimations to detect key areas of industry growth in detail Identification of key drivers, restraints, opportunities, and challenges (DROC) in the market and their impact on shifting market dynamics Study of the effect of exogenous and endogenous factors that affect the Asia Pacific market; which includes broadly demographic, economics, and political, among other macro-environmental factors presented in an extensive PESTLE Analysis Study the micro environment factors that determine the overall profitability of an Industry, using Porters five forces analysis for analyzing the level of competition and business strategy development A comprehensive list of key market players along with their product portfolio, current strategic interests, key financial information, legal issues, SWOT analysis and analyst overview to study and sustain the market environment Competitive landscape analysis listing out the mergers, acquisitions, collaborations in the field along with new product launches, comparative financial studies and recent developments in the market by the major companies An executive summary, abridging the entire report in such a way that decision-making personnel can rapidly become acquainted with background information, concise analysis and main conclusions Expertly devised analyst overview along with Investment opportunities to provide both individuals and organizations a strong financial foothold in the market
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