Data from the research firm Research & Markets shows a forecast of 8% growth CAGR over the next eight years for the global craft beer market.
The report says that “the market is experiencing steady growth across the globe” as consumers are “constantly looking for new and innovative beverages, which has led to an increase in the demand for flavorful options.”
Despite the challenges of a still-simmering pandemic, inflation, supply chains constraints and a developing recession, the report was optimistic for the longer haul. “The market has recovered immensely due to the opening of taprooms and the ease of production. This revival has led to significant changes in the market trends,” said the report.
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