Is craft beer a growing industry?

The craft beer industry continues to grow at a rapid rate. In the past 8-years, the United States craft beer industry has posted double-digit growth and now represents 12\% of the total beer market in terms of volume.

What industry does a brewery fall under?

The Brewers Association defines a craft brewer as a small and independent brewer. There are six distinct craft beer industry market segments: microbreweries, brewpubs, taproom breweries, regional breweries, contract brewing companies, and alternating proprietors.

Who started craft beer?

1980: In Chico, “Home Brew Shop” owner, Ken Grossman, was inspired by both Anchor and New Albion. Grossman took welding lessons at the local community college so he could build his own brewery and equipment.

How big of an industry is craft beer?

In that year, California boasted over 900 craft breweries, the most of any U.S. state. In terms of production, craft beer volume amounted to about 23.1 million barrels in 2020, a reduction of roughly 3.2 million barrels compared to 2019 and the first decline ever.

Are breweries prepared for the craft beer market?

The scenario is much prominent in European countries like Sweden, where brewers are seeking to bring changes to the craft beer market. The craft beer industry is constantly changing, but with planning, breweries can prepare themselves for what the craft beer market demands. You can also purchase parts of this report.

What is the forecast period of craft beer market research report?

Global craft beer market is forecasted to reach USD 94.87 billion by 2024, registering a CAGR of 14.1\% during the forecast period (2019 – 2024). The demand for low-alcoholic beverages has been rising with the growing interest from health-conscious consumers. Increasing penetration of craft beer among Asian consumers is expected to drive the market.

How well do you know American craft beer history?

Modern U.S. craft beer history began in the 1960s. You may know part of the story—the increasing popularity of homebrewing beer in the 1970s and the rise of microbreweries in the 1990s. We dug into the Brewers Association’s archives looking for interviews, images and milestone moments that tell the story of U.S. craft beer history.

Will craft beer market gain back its excess consumption post covid-19?

However, as the situation of COVID-19 has gradually improved, with lesser restrictions being imposed on foodservice channels, craft beer market is likely to gain back its elevating consumption levels from this year.