Bart Watson: Craft Market Isn’t ‘Maturing,’ It Has ‘Matured’

Bart Watson: Craft Market Isn’t ‘Maturing,’ It Has ‘Matured’

The demand for craft beer isn’t growing anymore, and craft has officially become a mature – not maturing – market, Brewers Association (BA) chief economist Bart Watson told industry members Monday at the Massachusetts Brewers Guild’s Technical Brewing and Business Conference, held at Jack’s Abby in Framingham, Massachusetts.

CGA: On-Premise Spirits Volume -3.3% As Prices Climb, Visits Fall

CGA: On-Premise Spirits Volume -3.3% As Prices Climb, Visits Fall

Rising prices and a slight dip in guest traffic have contributed to falling spirits sales in the on-premise channel over the last year, according to a new report from market research firm NIQ’s on-premise data arm CGA.

Beer Institute Names New Chief Economist

Beer Institute Names New Chief Economist

The Beer Institute (BI) has hired Andrew Heritage as its new chief economist, filling the data head vacancy left by Danelle Kosmal.

Great Divide, Dry Dock Brewing Form Strategic Partnership

Great Divide, Dry Dock Brewing Form Strategic Partnership

Denver’s Great Divide and Aurora-Colorado-based Dry Dock Brewing have formed a “strategic partnership” in which Great Divide will take over brewing of Dry Dock’s beers and ready-to-drink offerings by the end of 2023, the companies announced Friday.

Data: RTDs Rise in Value, Consumption Frequency, On-Premise

Data: RTDs Rise in Value, Consumption Frequency, On-Premise

Volume growth within the U.S. alcoholic RTD market has moderated since last year, but the category rose rapidly by value and is expected to continue to grow from $18.2 billion to $21.1 billion by 2027, according to a new report from IWSR Drinks Market Analysis.

Constellation Brands Launches ‘Flavor Changing’ FMB Shyft

Constellation Brands Launches ‘Flavor Changing’ FMB Shyft

Constellation Brands has launched Shyft, “a new flavor changing” flavored malt beverage (FMB), in three markets as part of a newly created “emerging brands group” aimed at creating new-to-world brands with “a more focused but longer testing approach,” CEO Bill Newlands announced during the company’s “Investor Day” on Thursday.