Canada Craft Beer Market Size, Analysis, Industry Statistics and Latest Insights Till 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

The Canada craft beer market is experiencing significant growth, driven by shifting consumer preferences toward premium, locally sourced, and artisanal beverages. According to the latest report by IMARC Group, the market size is projected to exhibit a growth rate (CAGR) of 3.91% during 2024-2032. 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.

Urbanization and changing demographics are increasing the demand for diverse and innovative beer options, with younger consumers leading the trend. The rising popularity of craft breweries in major cities such as Toronto, Vancouver, and Montreal is further propelling industry expansion as these urban centers serve as hubs for new product launches and experiential marketing events. Moreover, the rise in disposable incomes has enhanced consumer willingness to explore niche, high-quality craft beer offerings, contributing to market growth. Additionally, the rising popularity of beer tourism is further elevating the craft beer industry, as numerous breweries are offering on-site tours, tastings, and immersive experiences. This trend has fostered a sense of community and brand loyalty as consumers seek both the products and the stories behind the brands. Furthermore, mixed-use developments and urban revitalization projects, particularly in provinces such as Ontario and British Columbia, have also supported the establishment of brewpubs and microbreweries, offering consumers convenient access to craft beer.

For an in-depth analysis, you can refer sample copy of the report: https://www.imarcgroup.com/canada-craft-beer-market/requestsample

Canada Craft Beer Industry Trends and Drivers:

Key trends in the Canada craft beer market include a strong focus on sustainability and innovation. Breweries are increasingly adopting eco-friendly practices, such as using renewable energy and reducing water consumption during production. Packaging innovations, including biodegradable cans and bottles, are gaining popularity as consumers prioritize environmentally responsible choices. Numerous producers are also exploring low-alcohol and non-alcoholic craft beer options to cater to health-conscious individuals seeking flavorful yet moderate beverages. Moreover, technological advancements are significantly shaping the industry landscape, with breweries investing in advanced brewing equipment and digital platforms for customer engagement. Online sales channels, subscription services, and mobile applications are providing craft breweries with new ways to connect directly with their customer base. These tools are also enabling smaller producers to expand their market reach without the need for extensive physical distribution networks. Additionally, government support through relaxed licensing policies and funding initiatives aimed at small businesses are contributing substantially to industry expansion. Tax incentives for local breweries and policies encouraging sustainable production methods have made it easier for new players to enter the market. Furthermore, the growing interest in unique flavor profiles and limited-edition seasonal brews has encouraged consumers to seek out small-batch producers, adding to the momentum.

Canada Craft Beer Industry Segmentation:

The market report offers a comprehensive analysis of the segments, highlighting those with the largest Canada craft beer market share. It includes forecasts for the period 2024-2032 and historical data from 2018-2023 for the following segments.

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.

Ask Our Expert & Browse Full Report with TOC & List of Figure: https://www.imarcgroup.com/request?type=report&id=24918&flag=C

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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