Craft beer will continue to grab a larger share of the overall beer market for the next five years as consumers keep switching to high-quality beers, according to a new report by IBISWorld, an industrial researcher based in Los Angeles. Consumers are showing a preference for craft beers that not only support their local economy but also feature a more unique taste, the company said. IBISWorld projects that revenue in the overall industry will grow at an annualized rate of 1.9 percent over the next five years, reaching $30.3 billion in 2016. IBISWorld analyst Agata Kaczanowska said much of the increase will occur in the craft beer segment. Also, beer drinkers ages 21 to 24 are experimenting more with and seeking out unusual flavors, which provides opportunities for craft and microbreweries like the Boston Beer Co., Craftworks Restaurants & Brewery Inc., New Belgium and Sierra Nevada Brewing Co. to expand their market reach, the company said. To read a company news release on the issue, click here.