The global craft beer market is projected to grow at a compound annual growth rate of 10.4% over the next six years, according to data from Fortune Business Insights.
According to the analysis, the “key market drivers” for the growth of the sector will include an increase in the number of microbreweries that will incite development and the growing popularity of taprooms and brewpubs among millennials owing to the socializing trends will enable speedy expansion of the market.
The North American market is expected to hold market share, while the Asia Pacific region is expected to experience “rapid growth” during the forecast period.
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