Seasonal trends for onsite brewery sales have remained relatively consistent since January 2021, but “in real terms” – i.e. accounting for inflation – onsite sales continue to decline, according to Brewers Association (BA) staff economist Matt Gacioch, citing data from Arryved.
Craft beer has entered “no to negative growth territory,” Brewers Association (BA) chief economist Bart Watson said during a year-end webinar last week. “We were in double-digit growth as recently as 2014, 2015, and then we moved into kind of a more developed, slow, single-digit growth rate,” Watson said. “COVID hit, and we had the worst year in craft history in 2020 with a partial bounce back in 2021.
This year will be the first, other than 2020, in which independent breweries’ volume has declined in the modern era of craft beer, according to the Brewers Association’s (BA) 2023 Year in Beer report.
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.
The Beer Institute (BI) has hired Andrew Heritage as its new chief economist, filling the data head vacancy left by Danelle Kosmal.
Domestic tax paid shipments from U.S. breweries continued their six-month streak of declines, with a -5.1% dip in August 2023 compared to August 2022, the Beer Institute (BI) reported, citing numbers from the Alcohol and Tobacco Tax and Trade Bureau (TTB).
The Beer Institute has awarded Jim Ryan the 2023 Jeff Becker Beer Industry Service Award for his leadership and dedication to the U.S. beer industry.
The Beer Institute (BI) has updated its Advertising and Marketing Code, including new guidelines on social media marketing and advertising placement standards.
Domestic tax paid shipments for July were down -8.4% versus July 2022, to 12.8 million barrels, according to the Beer Institute (BI) in its latest round of economic reports.
Domestic tax paid shipments for the first half of 2023 declined -5.9% year-over-year (YoY), to nearly 77.16 million barrels, according to estimates from the Beer Institute through June.
Danelle Kosmal will leave her role as VP of research for industry trade group the Beer Institute (BI) later this year.
The Beer Institute’s (BI) Code Compliance Review Board (CCRB) has found that Bud Light’s sponsored content with influencer Dylan Mulvaney did not violate the trade group’s Advertising Marketing Code and Buying Guidelines.
The beer industry’s trade groups have been a (mostly) united front in recent years, with leadership from the Beer Institute (BI), Brewers Association (BA) and National Beer Wholesalers Association (NBWA) sharing the stage several times to promote the need for a unified industry and banding together to advocate and pass the Craft Beverage Modernization and Tax Reform Act (CBMTRA) in 2017 and made permanent in 2020.
Beer producers shipped an estimated 17.5 million barrels of beer to wholesalers in May, a -4% decline (approximately 730,000 barrels) versus May 2022, according to the Beer Institute.
May recorded the largest year-over-year (YoY) decline in domestic tax paids so far this year, decreasing -7.7%, to 13.3 million barrels, according to the Beer Institute (BI).
Analysts from 3 Tier Beverages and CGA by NIQ shared a “surprising” and optimistic story about beer’s performance in on- and off-premise channels Thursday, during a webinar hosted by the Beer Institute (BI).
An estimated 15.9 million barrels of beer and malt products were shipped to wholesalers in April, a -4.5% decline (or -741,163 barrels of beer) versus April 2022, Beer Institute (BI) VP of research Danelle Kosmal reported in the trade group’s monthly economic report.
