The majority (29) of the Brewers Association’s (BA) top 50 craft breweries declined in volume in 2022, according to data in the May/June 2023 edition of the trade group’s New Brewer Magazine.
The Brewers Association (BA) has shared its rankings of the top 50 independent craft breweries by sales volume, with U.S. craft brewers under the trade group’s small and independent brewery definition collectively producing 24.3 million barrels of beer and gaining 0.1% share of the overall beer market by volume to claim 13.2% share.
Oregon lawmakers are considering a tax hike on alcoholic beverages that would increase taxes on malt beverages by $70 per barrel. The U.S. House of Representatives passed the American Rescue Plan, a $1.9 trillion pandemic relief bill in the early hours of Saturday, February 27. The bill includes a $25 billion fund for grants for bars, restaurants and breweries.
Consumers spent $97 million on craft beer through e-commerce in 2020, which accounted for 24% of all beer category dollar sales online. In brick-and-mortar stores, however, craft beer makes up 12.6% of all dollar sales. In fact, craft has the second largest dollar share behind flavored malt beverages (32%), which include hard seltzers.
Several pieces of legislation working their ways through Congress would bring much needed relief to the hospitality industry — including breweries, brewpubs and taprooms — as they continue to struggle during the COVID-19 pandemic.
A new version of the Restaurants Act, which would provide $120 billion in grants to bars and restaurants, was introduced in both the U.S. Senate and House of Representatives on February 4. The bill now includes “brewpubs, tasting rooms, taprooms, and licensed facilities or premises of a beverage alcohol producer where the public may taste, sample, or purchase products,” the Brewers Association said.
The Brewers Association (BA) is urging the Can Manufacturing Institute (CMI) to ensure that small and independent craft brewers have access to aluminum cans amid the years-long inventory crunch beverage producers are now facing. In a letter to the CMI, BA president and CEO Bob Pease painted a dire picture for the nation’s nearly 8,400 craft brewers. “These businesses will simply not survive that long without cans,” he wrote.
Did the pandemic really cause a bump in sales of so-called tried and true flagship brands in 2020? Not really, writes Brewers Association chief economist Bart Watson in his latest members’ only column.
The Brewers Association announced today that it will postpone its annual Craft Brewers Conference (CBC) and Brew Expo America until September and move the event to Denver from San Diego, where it had been planned for late March. The 2021 edition of CBC is now slated to be held September 9-12, pending health and safety protocols.
Brewbound readers in 2020 sought out news about the pandemic, mergers and acquisitions, brewery closures and job changes. 2020 marked a year of shifts for brewers, as well as Brewbound, which shifted its business model to a subscription model. With that in mind, we’ve pulled the five most-read stories before the paywall was introduced and the five most-read stories after.
Federal excise tax cuts for brewers and importers have finally been made permanent. After nearly a week of uncertainty, President Donald Trump on Sunday signed into law the $900 billion economic relief package and $1.4 trillion government funding bill Congress passed last week.
Permanent excise tax cuts for brewers and importers was just a signature away. However, getting pen to paper on the $900 billion economic relief package and a $1.4 trillion government funding bill passed by Congress is now in question after President Donald Trump unexpectedly pushed back against the measures.
A permanent reduction in the federal excise tax for alcohol producers and importers is a signature away. The U.S. House of Representatives and U.S. Senate have both signed off on the $900 billion economic relief package, which includes language from the Craft Beverage Modernization and Tax Reform Act (CBMTRA), as well as additional Paycheck Protection Program (PPP) funding for small businesses, among other measures.
The temporary federal excise tax cuts enjoyed by brewers and importers over the last three years are on the verge of being made permanent. Congress has included language from the Craft Beverage Modernization and Tax Reform Act (CBMTRA) in the $900 billion COVID-19 relief package that is expected to pass in the coming days.
Consumers are continuing to trade up in their alcoholic beverage purchases, even as the COVID-19 pandemic-induced economic downturn continues, Brewers Association (BA) chief economist Bart Watson said during a webinar last week. “People still see beer as an affordable luxury, while beer has taken on a lot of price relative to wine and spirits,” he said.
On-premise retail sales will not rebound to pre-pandemic levels in 2021, Brewers Association (BA) chief economist Bart Watson shared yesterday in a webinar for members of the trade group. “The on-premise is not fully going to recover next year,” he said.
