LONDON--(BUSINESS WIRE)--Sep 7, 2018--According to the latest market research report released by Technavio, the craft beer market in Europe is expected to accelerate at a CAGR of over 9% during the forecast period. The rising number of breweries is one of the key factors triggering the growth of the market.

This press release features multimedia. View the full release here: https://www.businesswire.com/news/home/20180907005525/en/

According to the latest market research report released by Technavio, the craft beer market in Europe is expected to accelerate at a CAGR of over 9% until 2021. (Graphic: Business Wire)

This research report titled ‘ ’ provides an in-depth analysis of the market in terms of revenue and emerging market trends. It also includes an up-to-date analysis and forecasts for various market segments and all geographical regions.

This report is available at a USD 1,000 discount for a limited time only:

The market research analysis categorizes the craft beer market in Europe into the following product types:

IPA Seasonal Pale ale Amber ale Lager Wheat Bocks Fruit beer

In 2016, the IPA segment accounted for 27% of the global market and is projected to reach 29% by 2021, exhibiting almost 2% increase in market share.

Craft beer market in Europe: Top emerging trend

The beer business in Europe is currently witnessing the premiumization trend. Over the past few years, the higher priced brands in the beer industry are gaining more than the nominally-priced brands both in terms of volume as well as revenue, as consumers are willing to spend more on quality and differentiating products. Craft beers are usually priced higher than conventional beers and owing to the premiumization trend, craft brewers in Europe are constantly gaining market share over the well-established vendors. This is proving to be beneficial for the craft beer market in Europe. The UK, Belgium, Spain, and the Netherlands are the forerunners in the premiumization trend in Europe.

Looking for more information on this market?

Technavio’s sample reports are free of charge and contain multiple sections of the report including the market size and forecast, drivers, challenges, trends, and more.

Technavio’s report provides expert market research on the following topics:

Executive Report

Market Outline Overview of the Craft Beer Market in Europe

Market Insights

Market Sizing and Forecasts Market Growth Market Drivers and Challenges Key Emerging Trends

Market Segmentation Analysis

Regional comparison (UK, Germany, Poland, Russia, Spain, and RoE) Key leading countries Market segmentation by product type (IPA, seasonal, pale ale, amber ale, lager, wheat, bocks, and fruit beer) Market segmentation by distribution channel (on-premises and off-premises) Market segmentation by end-user (regional craft breweries, microbreweries, brewpubs, and contract brewery)

Vendor Landscape

Vendor classification Market positioning of vendors Competitive scenario Analysis of top vendors (BrewDog, Chimay Brewery, Duvel Moortgat, and The Boston Beer Company)

About Technavio

is a leading global technology research and advisory company. Their research and analysis focuses on emerging market trends and provides actionable insights to help businesses identify market opportunities and develop effective strategies to optimize their market positions.

With over 500 specialized analysts, Technavio’s report library consists of more than 10,000 reports and counting, covering 800 technologies, spanning across 50 countries. Their client base consists of enterprises of all sizes, including more than 100 Fortune 500 companies. This growing client base relies on Technavio’s comprehensive coverage, extensive research, and actionable market insights to identify opportunities in existing and potential markets and assess their competitive positions within changing market scenarios.

If you are interested in more information, please contact our media team at .

View source version on businesswire.com:https://www.businesswire.com/news/home/20180907005525/en/

CONTACT: Technavio Research

Jesse Maida

Media & Marketing Executive

US: +1 844 364 1100

UK: +44 203 893 3200

www.technavio.com

KEYWORD: EUROPE

INDUSTRY KEYWORD: RETAIL FOOD/BEVERAGE WINE & SPIRITS

SOURCE: Technavio Research

Copyright Business Wire 2018.

PUB: 09/07/2018 06:01 PM/DISC: 09/07/2018 06:01 PM

http://www.businesswire.com/news/home/20180907005525/en