The Craft Revolution: Local Brewers redefining the beer industry
Craft breweries have made a significant impact on the beer industry, offering unique flavors and styles that challenge traditional norms. Local brewers are innovating with ingredients, techniques, and community engagement and movement is reshaping consumer preferences and the overall beer market.
While this category has sparked many conversations, the financial impact on these breweries may not always be evident. However, the increasing number of brewpubs and independent craft beer manufacturers suggests that this trend may be more than just a passing fad. It could be a reflection of the craft revolution taking place in the global beer industry.
Despite the growth in this segment, which has surpassed the industry’s average single-digit growth, there are challenges in scaling up these craft brews within the country. Additionally, there is limited interest from institutional venture capital funds, indicating a different story than what the growth numbers might suggest.
Top Highlights
- The craft beer industry in India is growing rapidly, with a CAGR of around 30% over the past few years and Delhi is a major hub for craft beer, with over 4 breweries in the city and MOB being the town’s first microbrewery.
- Craft beer accounts for a small but growing share of the overall beer market in India, but it is having a big impact on the industry in terms of flavor, variety, and innovation.
To keep up with the growing demand for craft beer, Ministry of Beer is experimenting with a wide range of ingredients and brewing techniques, creating unique and flavorful beers that are unlike anything you’ve ever tasted before.