(Entertainment-NewsWire.com, August 31, 2018 ) August 2018, New York USA (News)- In this report, LP Information covers the present scenario (with the base year being 2017) and the growth prospects of global Craft Beer market for 2018-2023. Based on the distribution channels, the market is further segmented into on-trade and off-trade distribution. The former sub-category is the one wherein the alcoholic drinks are sold in bars, restaurants, clubs and pubs and similar channels. The off-trade distribution is the one where craft beer is distributed through retailers, wholesalers, and online channels. Due to the rapid growth of hospitality sector particularly in the developed economies, the on-trade distribution channels have promising growth potential. On the contrary, the off-trade distribution has higher growth prospects in emerging economies where affordability is the key to sales performance. Over the next five years, LPI(LP Information) projects that Craft Beer will register a xx% CAGR in terms of revenue, reach US$ xx million by 2023, from US$ xx million in 2017.
Craft beer – what used to be referred to as ‘micro-brewed’ or ’boutique’ beer – took its modern roots in the United States around thirty years ago as a new breed of keen brewers rediscovered lost styles and interesting, flavoursome brews. Australia, New Zealand, Canada, Japan and Scandinavia and pockets of Europe are today leading the charge, providing alternatives to the traditional Euro-style lagers. Craft beer is fetching higher sales than traditional beer due to endeavors from local and international brewers that are expanding their distribution network and at the same time offering exciting new flavors and tastes. The rising consumer preference for low alcohol by volume (ABV) beer is fueling the growth of the global craft beer market. Consumers are increasingly preferring new styles and flavors of craft beer thus boosting its marketability. With the use of premium quality raw materials and advanced brewing techniques, major chunk of beer consumers have been successfully diverted to craft beer segment from mainstream beer. To fulfill business need of our customer we provide customized solutions to our customer.
The key manufacturers covered in this report: Budweiser Yuengling The Boston Beer Company Sierra Nevada New Belgium Brewing Gambrinus Lagunitas Bell’s Brewery Deschutes Stone Brewery Firestone Walker Brewing Brooklyn Brewery Dogfish Head Craft Brewery Founders Brewing SweetWater Brewing
Segmentation by product type: Ales Lagers Segmentation by application: Bar Food Service Retail
Research objectives To study and analyze the global Craft Beer (value & volume) by key regions/countries, product type and application, history data from 2013 to 2017, and forecast to 2023. To understand the structure of Floriculture market by identifying its various subsegments. Focuses on the key global Floriculture manufacturers, to define, describe and analyze the sales volume, value, market share, market competition landscape, SWOT analysis and development plans in next few years. To analyze the Floriculture with respect to individual growth trends, future prospects, and their contribution to the total market. To share detailed information about the key factors influencing the growth of the market (growth potential, opportunities, drivers, industry-specific challenges and risks). To project the consumption of Floriculture submarkets, with respect to key regions (along with their respective key countries). To analyze competitive developments such as expansions, agreements, new product launches, and acquisitions in the market.
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