Craft Beer Market Size To Reach $170.59 Billion By 2033

Craft Beer Market Growth & Trends

The global craft beer market size is expected to reach USD 170.59 billion by 2033, registering a CAGR of 7.9% from 2026 to 2033, according to a new report by Grand View Research, Inc. The market is expected to witness substantial growth over the forecast period on account of the rising demand for low alcohol by volume (ABV) and flavored beer.

The government in countries including Australia, New Zealand, Belgium, Mexico, China, and the UK are promoting the production of craft beer and incorporation of new breweries on account of the positive contribution of the industry towards economic development and employment generation coupled with the willingness of the consumer to pay extra for better tasting brews.

Australia, Belgium, Germany, U.S. and New Zealand are the major craft beer producing countries with over 65% of the overall production in terms of value as well as volume. Belgian is the most preferred beer among the major craft beer consuming countries owing to the premium quality, clean taste and rich flavor & aroma of the brews.

Furthermore, the number of brewers in the global market is growing significantly on account of the rising demand for the product. As a result, the demand for grains such as barley, wheat, yeast, sugar, and hops is increasing substantially. However, the alternative applications of the raw materials are expected to lower the bargaining power of the brewers.

The demand for the pale ale, IPA, and amber ale is growing as these three craft products are widely preferred by the consumers owing to the balanced composition of the raw materials in the product including malt, hops, water, and yeast.

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Craft Beer Market Report Highlights

• The lager market accounted for the largest revenue share of 52.4% in 2025, primarily driven by its smooth, crisp flavor and light body. Lagers remain one of the most popular styles in the craft beer market. Its approachable taste makes it attractive to both new consumers and traditional beer drinkers transitioning to craft varieties.

• The sale of craft beer through on-trade held the largest revenue share of 56.9% in 2025, driven by consumers seeking social and experiential drinking occasions. On-trade craft beer sales through bars, restaurants, and pubs benefit from specialty menus, tasting flights, and curated pairings that encourage higher spending per visit.

• The craft beer market in North America accounted for the largest market share of 39.2% in 2025. The market is fueled by strong consumer interest in artisanal and locally brewed beverages.

Craft Beer Market Segmentation

Grand View Research has segmented the global craft beer market on the basis of product, distribution channel, and region:

Craft Beer Product Outlook (Revenue, USD Million; Volume, Million Liters, 2021 - 2033)

• Ale

• Lager

• Pilsner

• Others

Craft Beer Distribution Channel Outlook (Revenue, USD Million; Volume, Million Liters, 2021 - 2033)

• On Trade

• Off Trade

Craft Beer Regional Outlook (Revenue, USD Million; Volume, Million Liters, 2021 - 2033)

• North America

  • U.S.

  • Canada

  • Mexico

• Europe

  • UK

  • Germany

  • France

  • Italy

  • Spain

• Asia Pacific

  • Japan

  • India

  • China

  • Australia & New Zealand

  • South Korea

• Central & South America

  • Brazil

  • Argentina

• Middle East & Africa

  • South Africa

  • UAE

List of Key Players of Craft Beer Market

• D.G. Yuengling & Son, Inc.

• The Boston Beer Company

• The Gambrinus Company

• Lagunitas Brewing Company

• Sierra Nevada Brewing Co.

• New Belgium Brewing Company

• Deschutes Brewery

• Minhas Craft Brewery

• Chimay Beers and Cheeses

• Omer Vander Ghinste