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Craft Beer Market in the US to grow at a CAGR of 17.69% during the period 2017-2021

Press Release   •   Aug 02, 2017 05:50 EDT

About Craft Beer

Craft beer is the variant of beer that is brewed in a traditional fashion and is usually produced in small quantities. The production of craft beer usually takes place in microbreweries and regional craft breweries dedicated for craft beer manufacturing. Craft beer is usually made with traditional ingredients such as malted barley. The majority of Americans live within 10 miles of a craft brewery. The beer tourism promoted by craft breweries is gaining popularity among the consumers and is expected to attract more consumers to craft beer.

Technavios analysts forecast the craft beer market in the US to grow at a CAGR of 17.69% during the period 2017-2021.
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Covered in this report
The report covers the present scenario and the growth prospects of the craft beer market in the US for 2017-2021. To calculate the market size, the report considers the sale of craft beer to individual consumers.
Technavio's report, Craft Beer Market in the US 2017-2021, has been prepared based on an in-depth market analysis with inputs from industry experts. The report covers the market landscape and its growth prospects over the coming years. The report also includes a discussion of the key vendors operating in this market.
Key vendors

Anheuser-Busch InBev

Boston Beer

D.G. Yuengling & Sons

Sierra Nevada

New Belgium Brewing

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Other prominent vendors

Bell's Brewery

Brooklyn Brewery

Deschutes Brewery

Dogfish Head Craft Brewery

Minhas Brewery

New Glarus Brewing Company

Oskar Blues Brewing Holding

Stone Brewing

SweetWater Brewing

Market driver

Increasing number of craft breweries

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Market challenge

High price of craft beer

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Market trend

Increasing dependence on technology throughout the value chain

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Key questions answered in this report

What will the market size be in 2021 and what will the growth rate be?

What are the key market trends?

What is driving this market?

What are the challenges to market growth?

Who are the key vendors in this market space?

What are the market opportunities and threats faced by the key vendors?

What are the strengths and weaknesses of the key vendors?

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