sophia grace
6 posts
Apr 05, 2024
12:47 AM
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The global craft beer market size is witnessing remarkable growth, projected to soar at a CAGR of 8.9% from 2024 to 2032. With a value of USD 109.22 billion in 2023, it's expected to reach USD 234.79 billion by 2032. This surge is driven by evolving consumer tastes, a penchant for premium beverages, and the proliferation of craft breweries worldwide. Craft beer aficionados can anticipate an exciting decade ahead, marked by innovation, diversity, and a flourishing beer culture.
Craft beer, once considered a niche market, has now become a global phenomenon, capturing the palates of beer enthusiasts worldwide. The industry's robust growth trajectory is fueled by a myriad of factors, including shifting consumer preferences towards unique and high-quality brews, the rise of microbreweries and craft beer bars, and increasing demand for locally-produced artisanal beverages.
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