Asia Pacific Craft Beer Market Growth, Size, Trends, Demand, Revenue, Share and Future Outlook
Asia Pacific Craft Beer Market Size- By Type, By Distribution Channel- Regional Outlook, Competitive Strategies and Segment Forecast to 2033
| Published: Jan-2024 | Report ID: FOOD2414 | Pages: 1 - 153 | Formats*: |
| Category : Food & Beverages | |||
Asia-Pacific Craft Beer Market Introduction and Overview
According to SPER Market Research, the Asia-Pacific Craft Beer Market is estimated to reach USD XX Billion by 2033 with a CAGR of 12.2%.
The report includes an in-depth analysis of the Asia-Pacific Craft Beer Market, including market size and trends, product mix, applications, and supplier analysis. A craft brewery, often known as a microbrewery, is a privately owned brewery that typically produces less beer than large corporate breweries. These breweries are mostly accredited based on production methods, flavour, and quality. Even if the brewage industry had reached its pinnacle, particularly in developed markets, the flavour revolution has started to drive up sales globally, and this innovation is seen in the range of craft brewage. Craft beer has become more and more high-quality as a result of consumers trying out the different flavours available.
- July 2022: In the Fujian province, Budweiser APAC officially opened its new Putian Craft Brewery, and it is now being produced at the AB InBev Food Industrial Park located in Hanjiang, Putian. It is the first craft brewery in the province of Fujian and the biggest under Budweiser APAC. It will manufacture well-known first-line craft beer brands including Boxing Cat and Goose Island, among others.
- June 2022: Yuzu Gose Sour, the first Gose type beer from premium beer company Bira 91, was released in association with Far Yeast Brewing Company, one of Japan's brewing firms. Gose-style craft beer is often a wheat beer with a crisp, refreshing taste and minimal hop bitterness.
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Market Opportunities and Challenges
In the Asia-Pacific region, the demand for beer imports has surged alongside the increase in disposable income, with consumers increasingly choosing beer over other alcoholic beverages. The shifting social dynamics and the embrace of Western culture have significantly influenced consumer perceptions of beverages, particularly beer. The anticipated growth of the APAC craft beer market is driven by the introduction of gluten-free, low-calorie, low-alcohol, and non-flavored beer varieties. Consumers are showing a growing preference for gluten-free beers made from various ingredients such as millet, barley malt, rye, corn, potatoes, rice, soybean, and sorghum. This shift, coupled with innovations in flavors and brewing techniques, is expected to propel market expansion in the region. Future market growth opportunities are bolstered by innovations involving flavours and other additives. In emerging economies like India and China, the burgeoning interest in craft beers and breweries is a key factor driving demand for low-alcohol and flavored beer options.
Conversely, the factors impeding market expansion include increased pricing and levies on the cost of goods as well as the challenge of locating craft brewers. The cost of craft beer is higher than that of industrial beer, which influences its growth rate. The growth of the craft beer sector in Asia Pacific, however, may also be impeded by strict government regulations regarding alcohol sales and assessment increases. The risk associated with other mixed drinks, including wine, is also one of the main obstacles facing the Asia Pacific market.
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Market Competitive Landscape
The Asia-Pacific Craft Beer Market is a fragmented market with numerous local and foreign participants. The major key players in the Asia-Pacific Craft Beer Market are: Anheuser-Busch InBev, D.G. Yuengling & Son, Inc., Feral Brewing Co., Heineken International B.V., Himalayan Ales Private Limited, Kiuchi Brewery Inc. (Hitachino Nest Beer), RedDot BrewHouse Pte Ltd., The Boston Beer Company Inc., The Brewerkz Company, and Young Master Brewery, Others. To grow their market share, the major companies in the sector are improving their distribution networks, extending their reach geographically, and entering into joint ventures and partnerships.
Scope of the Report:
| Report Metric | Details |
| Market size available for years | 2019-2033 |
| Base year considered | 2022 |
| Forecast period | 2023-2033 |
| Segments covered | By Type, By Distribution Channel |
| Regions covered | China, Japan, India, Australia, Rest of Asia-Pacific |
| Companies Covered | Anheuser-Busch InBev, D.G. Yuengling & Son, Inc., Feral Brewing Co., Heineken International B.V., Himalayan Ales Private Limited, Kiuchi Brewery Inc. (Hitachino Nest Beer), RedDot BrewHouse Pte Ltd., The Boston Beer Company Inc., The Brewerkz Company, and Young Master Brewery, Others |
COVID-19 Impact on Asia-Pacific Craft Beer Market
The COVID-19 epidemic caused difficulties for the Asia-Pacific craft beer business, including delays in sales, distribution, and manufacture. Revenues were impacted by a drop in on-premise consumption as a result of lockdowns and limitations on hospitality facilities. The market did, however, demonstrate resiliency as customers started using off-premise channels. The epidemic affected consumer behaviour by speeding up digital and e-commerce trends. The Asia-Pacific craft beer sector is steadily rebounding after early difficulties due to changing consumer preferences.
Key Target Audience
- Beer Enthusiasts and Consumers
- Craft Breweries
- Distributors and Retailers
- Homebrewing Community
- Suppliers of Brewing Equipment and Ingredients
- Tourism and Hospitality Industry
- Others
Our in-depth analysis of the Asia-Pacific Craft Beer Market includes the following segments:
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| By Distribution Channel: |
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| By Region: |
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Key Topics Covered in the Report
- Asia-Pacific Craft Beer Market Size (FY’2023-FY’2033)
- Overview of Asia-Pacific Craft Beer Market
- Segmentation of Asia-Pacific Craft Beer Market By Type (Ales, Pilsners and Pale Lagers, Specialty Beers, Others)
- Segmentation of Asia-Pacific Craft Beer Market By Distribution Channel (On-Trade, Off-Trade)
- Statistical Snap of Asia-Pacific Craft Beer Market
- Expansion Analysis of Asia-Pacific Craft Beer Market
- Problems and Obstacles in Asia-Pacific Craft Beer Market
- Competitive Landscape in the Asia-Pacific Craft Beer Market
- Impact of COVID-19 and Demonetization on Asia-Pacific Craft Beer Market
- Details on Current Investment in Asia-Pacific Craft Beer Market
- Competitive Analysis of Asia-Pacific Craft Beer Market
- Prominent Players in the Asia-Pacific Craft Beer Market
- SWOT Analysis of Asia-Pacific Craft Beer Market
- Asia-Pacific Craft Beer Market Future Outlook and Projections (FY’2023-FY’2033)
- Recommendations from Analyst
1. Introduction
1.1. Scope of the report1.2. Market segment analysis
2. Research Methodology
2.1. Research data source
2.1.1. Secondary Data2.1.2. Primary Data2.1.3. SPER’s internal database2.1.4. Premium insight from KOL’s
2.2. Market size estimation
2.2.1. Top-down and Bottom-up approach
2.3. Data triangulation
3. Executive Summary
4. Market Dynamics
4.1. Driver, Restraint, Opportunity and Challenges analysis
4.1.1. Drivers4.1.2. Restraints4.1.3. Opportunities4.1.4. Challenges
4.2. COVID-19 Impacts of the Asia-Pacific Craft Beer Market
5. Market variable and outlook
5.1. SWOT Analysis
5.1.1. Strengths5.1.2. Weaknesses5.1.3. Opportunities5.1.4. Threats
5.2. PESTEL Analysis
5.2.1. Political Landscape5.2.2. Economic Landscape5.2.3. Social Landscape5.2.4. Technological Landscape5.2.5. Environmental Landscape5.2.6. Legal Landscape
5.3. PORTER’s Five Forces
5.3.1. Bargaining power of suppliers5.3.2. Bargaining power of buyers5.3.3. Threat of Substitute5.3.4. Threat of new entrant5.3.5. Competitive rivalry
5.4. Heat Map Analysis
6. Competitive Landscape
6.1. Asia-Pacific Craft Beer Market Manufacturing Base Distribution, Sales Area, Product Type6.2. Mergers & Acquisitions, Partnerships, Product Launch, and Collaboration in Asia-Pacific Craft Beer Market
7. Asia-Pacific Craft Beer Market, By Type (USD Million)
7.1. Asia-Pacific Craft Beer Market Value Share and Forecast, By Type, 2023-20337.2. Ales7.3. Pilsners and Pale Lagers7.4. Specialty Beers7.5. Others
8. Asia-Pacific Craft Beer Market, By Distribution Channel (USD Million)
8.1. Asia-Pacific Craft Beer Market Value Share and Forecast, By Distribution Channel, 2023-20338.2. On-Trade8.3. Off-Trade
8.3.1. Online Retail Channels8.3.2. Offline Retail Channels
9. Asia-Pacific Craft Beer Market Forecast, 2019-2033 (USD Million)
9.1. Asia-Pacific Craft Beer Market Size and Market Share
10. Asia-Pacific Craft Beer Market, By Type, 2019-2033 (USD Million)
10.1. Asia-Pacific Craft Beer Market Size and Market Share By Type (2019-2026)10.2. Asia-Pacific Craft Beer Market Size and Market Share By Type (2027-2033)
11. Asia-Pacific Craft Beer Market, By Distribution Channel, 2019-2033 (USD Million)
11.1. Asia-Pacific Craft Beer Market Size and Market Share By Distribution Channel (2019-2026)11.2. Asia-Pacific Craft Beer Market Size and Market Share By Distribution Channel (2027-2033)
12. Asia-Pacific Craft Beer Market, By Region, 2019-2033 (USD Million)
12.1. Asia-Pacific Craft Beer Market Size and Market Share By Region (2019-2026)12.2. Asia-Pacific Craft Beer Market Size and Market Share By Region (2027-2033)12.3. China12.4. Japan12.5. India12.6. Australia12.7. Rest of Asia-Pacific
13. Company Profile
13.1. Anheuser-Busch InBev
13.1.1. Company details13.1.2. Financial outlook13.1.3. Product summary13.1.4. Recent developments
13.2. D.G. Yuengling & Son, Inc.
13.2.1. Company details13.2.2. Financial outlook13.2.3. Product summary13.2.4. Recent developments
13.3. Feral Brewing Co.
13.3.1. Company details13.3.2. Financial outlook13.3.3. Product summary13.3.4. Recent developments
13.4. Heineken International B.V.
13.4.1. Company details13.4.2. Financial outlook13.4.3. Product summary13.4.4. Recent developments
13.5. Himalayan Ales Private Limited
13.5.1. Company details13.5.2. Financial outlook13.5.3. Product summary13.5.4. Recent developments
13.6. Kiuchi Brewery Inc. (Hitachino Nest Beer)
13.6.1. Company details13.6.2. Financial outlook13.6.3. Product summary13.6.4. Recent developments
13.7. RedDot BrewHouse Pte Ltd.
13.7.1. Company details13.7.2. Financial outlook13.7.3. Product summary13.7.4. Recent developments
13.8. The Boston Beer Company Inc.
13.8.1. Company details13.8.2. Financial outlook13.8.3. Product summary13.8.4. Recent developments
13.9. The Brewerkz Company
13.9.1. Company details13.9.2. Financial outlook13.9.3. Product summary13.9.4. Recent developments
13.10. Young Master Brewery
13.10.1. Company details13.10.2. Financial outlook13.10.3. Product summary13.10.4. Recent developments
13.11. Others
14. List of Abbreviations
15. Reference Links
16. Conclusion
17. Research Scope
SPER Market Research’s methodology uses great emphasis on primary research to ensure that the market intelligence insights are up to date, reliable and accurate. Primary interviews are done with players involved in each phase of a supply chain to analyze the market forecasting. The secondary research method is used to help you fully understand how the future markets and the spending patterns look likes.
The report is based on in-depth qualitative and quantitative analysis of the Product Market. The quantitative analysis involves the application of various projection and sampling techniques. The qualitative analysis involves primary interviews, surveys, and vendor briefings. The data gathered as a result of these processes are validated through experts opinion. Our research methodology entails an ideal mixture of primary and secondary initiatives.
Frequently Asked Questions About This Report
Asia-Pacific Craft Beer Market is projected to reach USD XX billion by 2033, growing at a CAGR of 12.2% during the forecast period.
Asia-Pacific Craft Beer Market grew in Market size from 2022. The Market is expected to reach USD XX billion by 2033, at a CAGR of 12.2% during the forecast period.
Asia-Pacific Craft Beer Market CAGR of 12.2% during the forecast period.
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Asia-Pacific Craft Beer Market size is USD XX billion from 2023 to 2033.
Asia-Pacific Craft Beer Market Segment is covered By Type, By Distribution Channel.
The Asia-Pacific is anticipated to have the highest Market share in the Asia-Pacific Craft Beer Market.
The key players in the Market include Companies Covered Anheuser-Busch InBev, D.G. Yuengling & Son, Inc., Feral Brewing Co., Heineken International B.V., Himalayan Ales Private Limited, Kiuchi Brewery Inc. (Hitachino Nest Beer), RedDot BrewHouse Pte Ltd., The Boston Beer Company Inc., The Brewerkz Company, and Young Master Brewery, Others.
A craft brewery, often known as a microbrewery, is a privately owned brewery that typically produces less beer than large corporate breweries. These breweries are mostly accredited based on production methods, flavour, and quality.
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