Australia Craft Beer Market Report and Forecast 2024-2032

Australia Craft Beer Market Outlook 

The Australia craft beer market size reached USD 1041 million in 2023. The market is expected to grow at a CAGR of 17.50% between 2024 and 2032, reaching almost USD 4444.2 million by 2032. 

Key Takeaways:

• Approximately 18.5% of adults reported consuming more than 10 drinks in the past week, with higher consumption rates observed among older age groups, including 24.6% of individuals aged 55–64 and 21.6% aged 65–74.

• Over the past 15 years, the brewing industry has undergone significant transformation, with the number of breweries surging from 132 to over 600. Tasmania stands out, contributing 1.63% to the state's economy and supporting nearly 3,000 farm jobs nationwide.

• In 2022, more than a quarter of adults (26.8%) exceeded the Australian Adult Alcohol Guideline, with males surpassing females by a notable margin (35.8% vs. 18.1%). Notably, young adults aged 18–24 showed the highest proportion exceeding the guideline, with over 36.1% consuming alcohol beyond the recommended limit.

Beer holds a significant place in Australian culture, from social gatherings to sporting events. While mainstream brands like Coopers, XXXX, and VB dominate consumption, there's a growing interest in craft beer, driven by a desire for unique flavours. However, there's a shift towards mid-strength and low-strength beers due to increased moderation and rising prices. 

The craft beer market in Australia has experienced substantial growth, now representing around 5% of total beer sales, with approximately 350 brewers and microbreweries in Australia. Major beverage companies like Lion and SABMiller have capitalised on this trend by acquiring independent labels, such as Matilda Bay and Little Creatures. 

Technological advancements, increasing consumer awareness, and government support for sustainability initiatives have fuelled the market's expansion, particularly in sectors like construction and automotive. As demand grows and environmental concerns persist, the future looks promising for the Australian craft beer market. With continuous innovations, regulatory support, and a focus on environmental sustainability, the industry is poised for sustained growth in the years ahead. The Australia craft beer market development has witnessed resilience and promise, with microbreweries carving out a niche in an otherwise dominated market.

Market Segmentation

Australia Craft Beer Market Report and Forecast 2024-2032 offers a detailed analysis of the market based on the following segments:

Market Breakup by Type:

• Sour Beer

• Ales Beer

• Wheat Beer

• Pilsners and Pale Lagers

• Others

Market Breakup by Distribution Channel:

• On-Trade

• Off-Trade

Market Breakup by Region:

• South Wales

• Victoria

• Queensland

• Western Australia

• Australian Capital Territory

• Others

Competitive Landscape

Key players in the craft beer in Australia brew, process and distribute products aiding the end-users for increased consumption.

• Asahi Holdings (Australia) Pty Ltd. 

• Emencee Pty Ltd. trading as Balter Brewing Company 

• Akasha Brewing Company Pty Ltd. 

• BentSpoke Brewing Co. 

• Boatrocker Brewers & Distillers 

• Bridge Road Brewers 

• Mountain Culture Beer Co. 

• Fixation Brewing Co. 

• Mountain Goat Beer 

• Lion Group (Lion Pty Ltd.) 

• Wildflower Brewing & Blending  

• Bracket Brewing Company Pty Ltd.

• Others 

Key Highlights of the Report