06 Nov Canada Craft Beer Market 2024: Latest Trends, Share, Industry Size, Growth Analysis, & Forecast Report by 2032
Canada Craft Beer Market Overview
Base Year: 2023
Historical Years: 2018-2023
Forecast Years: 2024-2032
Market Growth Rate: 2.80% (2024-2032)
Market Size in 2023: 1.78 Million Hectolitres
Market Forecast in 2032: 2.42 Million Hectolitres
According to the latest report by IMARC Group, the Canada craft beer market size reached 1.78 Million Hectolitres in 2023. Looking forward, IMARC Group expects the market to reach 2.42 Million Hectolitres by 2032, exhibiting a growth rate (CAGR) of 2.80% during 2024-2032. The market is experiencing robust growth, driven by shifting consumer preferences toward unique, high-quality, and locally-produced beverages.
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Canada Craft Beer Industry Trends and Drivers:
Expanding Urbanization and Demographic Shifts Driving Craft Beer Demand
- Rising urbanization and the growth of younger, affluent populations are fueling craft beer demand in Canadian cities, especially Toronto, Vancouver, and Montreal.
- Consumers are increasingly interested in diverse flavors and supporting local breweries, promoting both small, independent brewers and larger brands to broaden their offerings.
- Interest in artisanal products is cultivating a competitive, dynamic market landscape for craft beer.
Growth of Low-Alcohol and Alcohol-Free Options
- Health-conscious consumption is driving demand for low-alcohol and alcohol-free options.
- Many breweries are expanding their portfolios to include lighter, sessionable beers and non-alcoholic craft beers, allowing consumers to enjoy craft flavors without high alcohol content.
Sustainability and Innovation in Brewing
- Sustainable practices are gaining importance, with breweries adopting eco-friendly methods, such as:
- Using locally sourced ingredients
- Reducing water and energy consumption
- Minimizing packaging waste
- These efforts align with consumers’ environmental awareness and desire for eco-friendly products.
- Technological advancements, including advanced brewing equipment and digital tools, are enhancing efficiency, product consistency, and competitive edge.
Expansion of Direct-to-Consumer Sales Channels
- Direct-to-consumer channels, like taprooms and brewery stores, are helping breweries build closer connections with customers, boosting brand loyalty and visibility.
- Experiential consumption trends are growing, with breweries creating unique taproom environments and organizing events for an immersive experience in the brewing process.
Popularity of Seasonal and Collaborative Brews
- Seasonal and limited-edition brews are increasingly popular, especially those crafted in collaboration with local artisans or other breweries.
- These offerings provide consumers with a sense of exclusivity and novelty, adding to the appeal of craft beer.
Government Support and Favorable Policies
- Supportive government policies, such as reduced taxes for small breweries and grants for local production, are strengthening the craft beer market.
- Provincial authorities are simplifying production and distribution regulations to create a conducive environment for craft breweries, facilitating easier market entry for new players.
Canada Craft Beer Industry Segmentation:
The report has segmented the market into the following categories:
Market by Application
- Residential
- Commercial
Market by Sector
- New Construction
- Replacement
Key Regions Analysed
- United States
- Canada
Competitive Landscape:
The competitive landscape of the industry has also been examined along with the profiles of the key players.
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Key highlights of the Report:
- Market Performance (2018-2023)
- Market Outlook (2024-2032)
- COVID-19 Impact on the Market
- Porter’s Five Forces Analysis
- Strategic Recommendations
- Historical, Current and Future Market Trends
- Market Drivers and Success Factors
- SWOT Analysis
- Structure of the Market
- Value Chain Analysis
- Comprehensive Mapping of the Competitive Landscape
Note: If you need specific information that is not currently within the scope of the report, we can provide it to you as a part of the customization.
About Us:
IMARC Group is a global management consulting firm that helps the world’s most ambitious changemakers to create a lasting impact. The company provide a comprehensive suite of market entry and expansion services. IMARC offerings include thorough market assessment, feasibility studies, company incorporation assistance, factory setup support, regulatory approvals and licensing navigation, branding, marketing and sales strategies, competitive landscape and benchmarking analyses, pricing and cost research, and procurement research.
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