A growing number of U.S. craft breweries are not locking in long-term hops contracts and that leaves those companies vulnerable as supply tightens, according to industry trade group the Brewers Association (BA), which surveyed 250 members to gain insight into how beer makers are managing one of the industry’s most important raw materials.
For the third consecutive year, Pennsylvania produced more craft beer than any other state in the nation, Brewers Association chief economist Bart Watson shared during the Brewers of Pennsylvania’s annual Meeting of the Malts gathering in Hershey, Pennsylvania.
Beer no longer holds a majority of the share of total alcohol servings in the U.S. Beer Institute chief economist Michael Uhrich reported today during a State of the Industry presentation that beer’s share of total alcohol servings fell to 49 percent, down about 1 percent, as hard liquor (35.6 percent) and wine (15.4) both gained share.
Two of the largest U.S. states now boast a record number of breweries. According to an economic impact study released Tuesday by the California Craft Brewers Association, California continues to be home to the most breweries in the nation, with more than 980 in operation as of April 2019. Meanwhile, an economic impact study released today by the New York State Brewers Association, found that 434 craft breweries were operating in the Empire State at the end of 2018.
Once again, a record number of craft breweries were in operation in 2018, according the Brewers Association (BA), a trade organization that represents small and independent breweries. The BA, which released its 2018 craft industry growth statistics today, reported that 7,346 craft breweries operated in the U.S. in 2018. That’s up from 6,490 in 2017.
An Iowa craft brewery topped the Brewers Association’s (BA) list of the 50 fastest-growing breweries of 2018, but it wasn’t Toppling Goliath. No, the distinction of being the fastest-growing U.S. brewery in 2018 belongs to Lake Time Brewery.
Sales of beer, cider and flavored malt beverages topped $38.2 billion in 2018, according to market research firm Nielsen, which tracks category-wide sales at major off-premise retailers.
In this week’s edition of Last Call: Asahi announces plans to acquire London Pride maker; U.S. beer shipments decline in 2018; Charlie Papazian exits the Brewers Association; Clare Rose lays off 14 employees; and more industry news.
Maine’s craft beer industry contributed more than $260 million to the state’s economy in 2017, according to a biennial economic impact study conducted by the University of Maine in conjunction with the Maine Brewers’ Guild. The report, which examined data from 2017, notes that in-state craft breweries generated more than $168 million in total revenue, while producing an estimated 319,590 barrels of beer.
Sierra Nevada Brewing Company has a new CEO. Brewery founder Ken Grossman named former chief operating officer Jeff White to the position last October, the California-headquartered brewery confirmed to Brewbound.
Total U.S. beer dollar sales grew to more than $35 billion in 2018, according to retail data provider IRI. The Chicago-based market research firm, which tracks category-wide sales at major off-premise retailers, reported a 1.8 percent increase in beer dollar sales, despite a 0.3 percent decline in volume sales at multi-outlet and convenience (MULC) stores (grocery, drug, club, dollar, mass-merchandiser and military) through December 30.
U.S. cities with populations in excess of 5 million have seen the most percentage growth of brewery openings in the past five years, according to Brewers Association chief economist Bart Watson. Watson, who took to the BA blog with data compiled from the 2010 U.S. Census Bureau and brewery zip code locations, found a 183 percent increase in the number of breweries per 100,000 people in cities of more than 5 million people.
The popularity of non-traditional drinking venues is on the rise with younger consumers, according to new data shared today by Nielsen and CGA at the Brewbound Live business conference in Santa Monica, California. Nielsen beverage alcohol practice manager Caitlyn Battaglia and Nielsen CGA client director Matthew Crompton shared that younger craft beer drinkers are seeking out third-space drinking occasions. They noted that within the last year, 23 percent of millennials said they visited a taproom or a brewpub, while 13 percent said they ate and drank at a “groceraunt” and 14 percent said they imbibed at an arcade bar.
Shipments of domestically brewed beer are down about 2.9 percent, according to the Beer Institute, but year-to-date volume sales at off-premise retailers are still basically flat. According to the latest data from market research firm IRI, volume sales at multi-outlet and convenience stores were down 0.3 percent year-to-date through the period ending November 4.