Industry News

Craft beer industry will modify and enjoy a revival before 2027

Jessica Mason - 11/12/2021 - The Drinks Business

The modification and improvement in the taste of craft beer will foster healthy growth of the market, according to a new report.

The global craft beer market size stood at US$89.25 billion in 2019 & is projected to reach US$190.66 billion by the end of 2027, at a CAGR of 10.4% in the forecast period, according to data from Fortune Business Insights.

Booze to Go, Yes or No? Industry Warns of Tax Ramifications

Mark Wolf - 11/03/2021 - National Conference of State Legislatures

It's unlikely we'll see a car scream up to James Bond to deliver a martini in a to-go cup from his favorite bar, but the cocktails-to-go movement has shaken—not stirred—the nation's alcohol landscape.

Instituted to help struggling bars and restaurants during the COVID-19 pandemic, the notion of home delivery of spirits is a concern to the traditional three-tiered—producer, wholesaler, retailer—structure of the alcohol industry.

U.S. Alcohol Consumption on Low End of Recent Readings

Megan Brenan - 08/19/2021 - Gallup.com

WASHINGTON, D.C. -- Sixty percent of U.S. adults currently report drinking alcoholic beverages such as liquor, wine or beer, marking a decrease from 65% in 2019 when the measure was last tracked. This puts current alcohol consumption on the low end of the range Gallup has recorded over the past two decades, with the percentage imbibing as high as 67% in 2010.

Arizona's craft brewers cope with Covid-19 pandemic challenges

Dale Brown - 08/07/2021 - Phoenix Business Journal

Arizona's heat may generate thirst on an unending basis, but the battle against the globe-circling, deadly Covid-19 pandemic generated enough restrictions to cause a noticeable drop in the state's 2020 consumption of craft beer.

According to The Brewers Association, the 25 largest craft brewers in Arizona combined to brew 158,132 barrels of beer in 2019. At the end of 2020, the top 25 brewers had combined to produce 137,165 barrels — a drop of 13%. A barrel is equal to 31 gallons.

Why consumers are still reaching for canned alcoholic drinks

Audrey Altmann - 07/28/2021 - Smart Brief

Nearly every industry experienced unprecedented changes during the coronavirus pandemic, and the alcoholic beverage industry was no exception. Ready-to-drink alcohol was trending in 2019, but pandemic-related lockdowns and hospitality business closures in 2020 helped the canned hard seltzer and cocktail category to flourish.

Leverage passion or pay? How to stem the talent exodus

Alaina Love - 07/26/2021 - Smart Brief

"I'm giving them my two weeks' notice," John told me. "I've been in a job that has been sapping me of joy for the last five years. I'm not doing it anymore."

John is among the millions of Americans making the decision to leave a current job without a new one lined up. In April alone, 4 million workers resigned from their roles, many in search of better pay and working conditions. There has been a zeitgeist shift in our relationship with work, and employers are struggling to keep up.

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