NielsenIQ: Beer Category Innovation Growth Slowed in 2022 Compared to 2021
New beer category products have delivered more than half a billion dollars in off-premise sales in the last year, according to market research firm NielsenIQ (NIQ).
New beer category products have delivered more than half a billion dollars in off-premise sales in the last year, according to market research firm NielsenIQ (NIQ).
The name Bevana has popped up in several brewery partnership announcements over the last couple of years. The Newton, North Carolina-based company has partnered mostly with companies in the southeastern U.S. Deciphering what Bevana does isn’t easy. Aaron Gore, Bevana senior director of business development, admitted that the platform has been “willfully vague” in the past about its services.
In 2017, the Chehalis Tribe, comprised of around 900 members living on just over 11 square miles of reservation in southwest Washington, decided to construct a community-owned restaurant, brewery and distillery. There was just one problem: distilling on tribal lands was illegal.
In some corners of the craft beer world, the moniker “sell out” remains a label to be avoided at all costs. The word craft itself implies a certain stubborn independence, so when smaller independent breweries are sold to larger brewers or to the dreaded “private equity concern,” there is almost always a chorus of doom.
Nearly five years after it opened, Diageo will cease the majority of production later this spring at what was its first Guinness production brewery in the U.S. since 1954.
New brands accounted for 12.6% share of total beer brands in the last 52 weeks (ending February 25), but only 1.2% of total beer dollar sales in NielsenIQ-tracked off-premise channels, indicating a lack of “innovation efficiency,” according to Bump Williams, president and CEO of Bump Williams Consulting (BWC), in the company’s monthly industry update.
San Leandro, California’s 21st Amendment Brewery announced in February that it has transformed its 120,000 sq. ft production facility into a state of the art contract brewery. Nico Freccia, 21st Amendment co-founder and COO, details the transition and how operations will look once fully operational.
Washington-based sister cider companies Yonder and The Source have merged into a single entity, founder Caitlin Braam announced. Samuel Adams’ entrepreneurism-centric philanthropy Brewing the American Dream is accepting applications for its 2023 business and brewing experienceship.
Beer contributed more than $400 billion to the U.S. economy in 2022, Beer Institute (BI) VP of research Danelle Kosmal shared this week in the trade group’s annual state of the industry webinar.
On this special bonus episode of the Brewbound podcast, the Brewbound team talks with Full Circle Brewing and Societe Brewing live at the California Craft Beer Summit in Sacramento.
The job cuts in the tech sector have finally touched beverage-alcohol. Drizly, the Uber-owned alcohol e-commerce delivery platform, underwent “company wide” layoffs that affected around 100 roles. Brewbound’s Zoe Licata first to reported.
The Federal Trade Commission (FTC) has begun an antitrust investigation into Southern Glazer’s Wine and Spirits, reviewing how the nation’s largest alcoholic beverage distributor may have favorably priced wine and liquor that advantaged larger retailers, according to Politico, citing three anonymous sources “with knowledge of the probe.”
Publicly traded canning company Wildpack Beverage announced this week it has entered an agreement to receive a $20 million 12-month secured loan from Manna Capital Partners, which will go towards scaling operations across its six U.S. manufacturing plants. The deal is expected to close on April 10.
Dogfish Head co-founder Sam Calagione has been hitting the road to promote the company’s new year-round offering Citrus Squall, a higher ABV beer-cocktail hybrid, and its spirits-based canned cocktails at retailers across the country.