Table of Contents
How many craft beer drinkers are there?
In 2015, there were 234,380,464 21+ adults (Census Bureau) and 35% drank craft beer (Nielsen – Harris on Demand). That’s . 35*234,380,464 = 82,033,162 craft drinkers. In 2018, we’re estimating that at 241,876,792 21+ and 40% (Harris), so 96,750,717, or 14,717,554 more than in 2015.
What percentage of the market is craft beer?
In 2020, craft beer accounted for nearly a quarter of the total U.S. retail beer market. After years of increasing market share, 2020 represented the first year of decline at 23.6 percent compared to 2019’s 25.2 percent.
What percentage of Americans drink craft beer?
A survey by Scarborough (part of Nielsen) indicates that the United States’ craft beer drinking population continues to grow from 6.6% in 2013 to 8.4% in the 2018-2019 survey, which equals almost six million new drinkers.
How popular is craft beer?
The event’s attendance is just one example of the growing popularity of craft beer – beer made by small independent operations/brewers. In 2018, domestic sales reached a record $27.6 billion, representing 24% of the American beer market.
Who is most likely to drink craft beer?
The age group of craft beer drinkers most likely to drink craft beer weekly in the United States were 35 to 44 year olds. In 2019, 52 percent of craft beer drinkers within that age range stated that they drank the beverage weekly.
Is craft beer still popular?
In spite of the growing craft beer sales, light beer is still the most popular beer in America by a huge margin, showing that craft beer has yet to gain mainstream popularity. That being said, the share of people drinking craft beer has grown steadily year over year and seems poised to continue to do so.
How much is the craft beer industry worth?
Retail dollar value was estimated at $22.2 billion, representing 23.6% market share and a 22% decline over 2019. Craft brewers provided more than 138,000 direct jobs, a 14% decrease from 2019.
How big is the US craft beer market?
The Size of the North America Craft Beer Market is worth US $ 45.03 million in 2021, and it is estimated that it will reach a valuation of US $ 121.69 million by the end of 2026, registering at an annual growth rate of 22% between 2021 and 2026.
How much has the craft beer industry grown?
Technavio has been monitoring the craft beer market and it is poised to grow by USD 47.79 billion during 2020-2024, progressing at a CAGR of almost 13% during the forecast period.
Who is the target market for craft beer?
The target audience for a microbrewery is usually upscale, well-educated and more interested in flavor than quantity.
Who is the target audience for beer?
Young Men Drink the Most Looking at the numbers, men tend to drink more alcohol than women, and whites more than nonwhites. Men age 18 to 49 drink the most, according to the Gallup poll, which explains why so much alcohol marketing seems to target them. Women are also a targeted demographic for alcohol use.
What age group drinks the most beer?
Beer is the preferred alcoholic beverage of 69% of men aged 18 to 29, 65% of men aged 30 to 49, 52% of men aged 50 to 64, and 39% of men aged 65 and older.
Why has craft beer become popular?
Nearly half of our survey respondents drink craft beer because they like to try something new. With craft beer, consumers can experiment with a huge diversity of beer styles and taste profiles. And the younger the consumers are, the more likely they are to drink craft beer outside the home, at a pub or restaurant.
Are craft beer sales declining?
As a result, craft beer lost some of its market share. It now makes up 12.3% of the overall beer market, compared to 13.6% the year before. In terms of hard dollars, the industry took in $22.2 billion, a 22% decline over 2019. That decrease in production led to fewer jobs as well.
When did craft beer get popular?
Modern U.S. craft beer history began in the 1960s. You may know part of the story—the increasing popularity of homebrewing beer in the 1970s and the rise of microbreweries in the 1990s.
How often do people drink craft beer?
Roughly two in five (43%) of Americans drink craft beer at least occasionally, while roughly half (53%) say they never drink craft beer. The survey defines craft beer as “beer brewed in smaller quantities by independent brewers.”May 13, 2020.
Who drinks craft beer in Australia?
In 2020, the highest share of Australian craft beer drinkers were aged between 30 and 39 at around forty percent. By comparison, only 18 percent of craft beer drinkers were younger consumers aged between 18 and 29.
Is beer in decline?
Overall, the larger U.S. beer industry declined in volume by a total around 3% in 2020. “2020 was obviously a challenging year for many small brewers, but also one that proved their resilient and entrepreneurial nature,” said Brewers Association chief economist Bart Watson.
What is special about craft beer?
Craft beer has a richer and more distinct taste than watery mass produced beer. Most craft brewers are passionate about the taste and flavour of their beer. So they invest the time and energy required to maintain or improve the quality of the beer instead of concentrating on huge marketing campaigns.
Is craft beer profitable?
According to industry analysts at IBISWorld, craft beer revenue growth will slow from the 11 percent average annual growth rate of 2008–2013 and grow an average of 5.5 percent a year between 2015 and 2020. Craft brewery profits averaged 9.1 percent of revenues in 2014.
