The modification and improvement in the taste of craft beer will foster healthy growth of the market, according to a new report. The global craft beer market size stood at US$89.25 billion in 2019 & is projected to reach US$190.66 billion by the end of 2027, at a CAGR of 10.4% in the forecast period, 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 socialising trends will enable speedy expansion of the market.
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