According to a new market published report by BlueWeave Consulting, the Australia Craft Beer Marketprojected to grow at a CAGR over 25% during the forecast period 2018-2025. According to the report, Balter Brewing crowned as the best craft brewery in Australia.
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The increasing demand for beverages and its great variety of styles, flavors & penetration of new markets will promulgate the Australia craft beer market. The Craft Beers offer a wide range of colors, texture, and flavor and mainly produced by small, independent breweries. Low ABV content of the beverage further balances these flavors and minerals, reducing the risk of cancer, diabetes, heart diseases. Shifting consumer’s preferences towards a healthy lifestyle is reducing excessive consumption of alcohol The rising number of microbreweries across Australia produces a small amount of beer but emphasizes on the quality, new product innovation, and taste according to the changing palate of beer drinkers. Recent self-grooming trend has influenced the younger population to adopt healthier beverages with low alcohol content like craft beer, backed by the influence of digital media.. Thus, rising consumer preference for flavored and low ABV beer and increasing penetration of craft beer will promulgate the Australia craft beer market over the forecast periods.
On the basis of the Product, the Australia craft beer market is categories as Lager, Ale, Stout & Porter and Others. Lager craft beer dominates the Australia craft beer market. Based on the distribution channel the market is segmented into On-Trade and Off-Trade. The On-trade distribution channel is fastest growing in Australia. Finally, the report covers the analysis of these segments across New South Wales and Victoria region along with the qualitative analysis for market estimates that boosts the growth of the Australia craft beer market during the forecast period. New South Wales accounts the largest market share in 2017 of total Australia craft beer market.
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Some of the key players in the Australia craft beer market include Feral Brewing Company, Pirate Life, Stone & Wood, Bridge Road Brewers, Little Creatures, James Squire, Boatrocker Brewers & Distillers, Balter Brewing Company, Moon Dog Brewing, and Mountain Goat Beer are the key players in Australia craft beer industry.
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