Global Australian craft beer Market is valued at USD 101.8 billion in 2016 is anticipated to grow USD 525.3 billion with the compounded annual growth of 20% over the forecast period 2017-2025.
New York 27 June 2018, As per the new research study conducted by Bizwit Research & Consulting, Global Australian craft beer industry is poised to raise USD 525.3 billion by 2025. Some key components for the market development will be; increasing penetration of the product in countries including South Africa, Australia, New Zealand, and Brazil. The rising consumer preference for flavored and low ABV beer is expected to be the key aspects of the market growth.
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The industry seems to be fairly competitive. Some of the leading market players include D.G. Yuengling & son, the Bostan beer company, the Gambrinus company, Sierra Nevada Brewing Co., bells brewery Inc., and so on. Other market players discussed in the report include Deschutes brewery, Minhas brewery, stone brewing, Chimay beers & cheeses, omer Vander ghinste. New product launches, acquisitions, and mergers are some of the strategies adopted by the key manufacturers. Additionally, the fierce competitiveness has made these players spend in product developments to improve the customer’s requirements.
Key findings of the study:
- Increasing consumer spending power is expected to complement the growth.
- The Asia Pacific region will be the highest growing segment with respect to geographical segmentation by around XX%
- Growing awareness among the consumers with respect to the wide range of flavors and styles of the craft beer coupled with low alcohol by volume (ABV) percentage is expected to drive demand.
- The global number of craft brewers is increasing rapidly on account of the growing demand for the product.
Bizwit Research & Consulting LLP has considered following segments for the study:
- North America
- Asia Pacific
- Latin America
- Rest of the World