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.
A plan that would allow Canadian cannabis company Tilray to issue additional shares needs more votes, CEO Irwin D. Simon wrote to shareholders yesterday in a letter.
Three out of five adults (60%) in the U.S. drink alcoholic beverages, according to a July poll from the analytics and advisory company Gallup, Inc.
Leaders from the Brewers Association (BA), Beer Institute (BI), and National Beer Wholesalers Association (NBWA) submitted comments to Amy Greenberg, regulations and rulings division director of the Alcohol and Tobacco Tax and Trade Bureau (TTB), detailing each group’s purview of the market and specific requests that would benefit or mitigate harm against their respective members.
Craft breweries made up an estimated half to two-third of their 2020 volume losses by the midpoint of 2021, Brewers Association (BA) chief economist Bart Watson said today during a presentation on the industry’s mid-year performance.
Masks are now “recommended and encouraged” for vaccinated attendees at the Craft Brewers Conference (CBC) in Denver next month, the Brewers Association (BA) announced last week in an update to its CBC health and wellness site.
The Brewers Association (BA) board of directors is making clear its opposition to spirits groups’ tax equalization efforts, as well as its stance on climate change in a pair of recently approved “position statements.”
Consulting firm BW166 reported that label approvals for seltzer and seltzer-like products are accelerating, with approvals trending at 334 per month compared to the 228 per month in 2020. More than half (53%) of on-premise visitors went to a bar or restaurant during the July 4 weekend, according to CGA, an on-premise market research firm.
In a year when craft beer volumes declined for the first time in the modern craft era, drinker interest in craft beer did not abate, Brewers Association (BA) chief economist Bart Watson said during his presentation of the trade group’s annual consumer poll.
Minhas Craft Brewery, the second-oldest continuously run brewery in the U.S., is producing Happy Dad Hard Seltzer, which was created by the Nelk Boys, a group of Canadian YouTubers with more than 6.6 million subscribers.
The craft segment’s slide into the red in off-premise scan data against tough year-ago comps may not be a bad thing for craft brewers, according to Brewers Association (BA) chief economist Bart Watson.
Of the 121 regional craft beer companies beyond the top 50 — those that produce more than 15,000 barrels of beer annually and sell the majority of their volume through distribution — 67 recorded volume declines in 2020. That ratio — 55% — is a marked improvement over the 72% of top 50 craft breweries that posted volume declines.
Brewers Association chief economist Bart Watson explored why draft beer sales have yet to recover to pre-pandemic levels in his latest members’ only analysis.
In a year in which the COVID-19 pandemic robbed alcoholic beverage producers of on-premise occasions for the majority of 2020, and forced consumer purchasing to shift to off-premise retailers and e-commerce, 36 of the top 50 Brewers Association-defined craft brewing companies recorded volume declines, according to data published in the May/June edition of the New Brewer magazine. Those numbers were not unexpected given last year’s challenges.
The BA is accepting grant applications on a rolling basis through November 1. The trade group’s Philanthropy and Outreach Subcommittee — a newly formed division of the organization’s Diversity, Equity and Inclusion Committee — will consider applications each month.
