Published on : Jun 27, 2017
Albany, New York, June 27, 2017: The report provides thorough study of the existing market for craft beer in the region of Europe, and estimates the future of the market during the forecast period of 2017 to 2021. The report, titled “Craft Beer Market in Europe 2017-2021,” aspires to serve as a business tool for the stakeholders of this market, segmenting it on the basis of product, distribution channel, end-user, and key countries. A number of leading vendors operating in this market have also been profiled in order to form a picture of the competitive landscape, and gauge the potential of the entrance of new players.
As per the estimations of the report, the craft beer market in Europe will expand at a healthy CAGR of 9.37% during the forecast period of 2017 to 2021, gaining traction from the rising number of microbreweries in the region. Though these microbreweries produce only a limited number of beer, their specialty beer and common craft beer have substantial demand in certain locations. Another key trend in the European craft beer market noted by the report is the increasing export of American craft beer in the region. This successful penetration of American beer in the region is a reflection of increasing demand for rare, exotic, and innovative flavored craft beer.
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Based on product type, the report segments the craft beer market in Europe into IPA in craft beer, seasonal craft beer, pale ale in craft beer, bocks, lager, amber ale, wheat, and fruit beer. In 2016, IPA segment was most profitable, which was a reflection of the availability of various exotic flavors and bitter taste offered via high alcohol content.
On the basis of distribution channel, the report categorizes the market into on-premises and off-premises. In 2016, the on-premises distribution channel segment served the major sales of craft beer. Consumers in rich countries that have traditional beer culture such as Portugal, Spain, the U.K., Belgium, Greece, and Sweden, have been detected to prefer bars and restaurants as well as wineries to socialize over beer. End-users of craft beer in Europe are regional craft breweries, microbreweries, brewpubs, and contract brewery. Some of the key countries identified by the report in the Europe craft beer market are the U.K., Germany, Poland, Russia, and Spain.
As for the competitive landscape, the report has adjudged that the craft beer market in Europe is highly fragmented, owing to the presence of a numerous number of local microbreweries and regional craft breweries. Some of the leading vendors identified by the report are Chimay Brewery, BrewDog, The Boston Beer Company, and Duvel Moortgat. The report also understands the potential of a few other significant companies such as Carlsberg Group,, Asahi Group Holdings (ASH), AFBrew, Himburgs Braukunstkeller, Omer Vander Ghinste Brewery, BUXTON BREWERY, STONE BREWING, Van Pur, and Thornbridge Brewery.
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