A new report from IBIS World says that the craft beer industry — which includes microbreweries that brew less than 6 million barrels of beer per year and brewpubs that make beer for consumption onsite — will grow at an annualized rate of 7.2 percent from 2013-2018. By 2018, revenue will reach $5.6 billion, up from $3.9 billion in 2013.
But even as the industry’s popularity continues, its growth rate over the next five years will be lower than the previous five years, which averaged an annualized growth rate of 10.9 percent. That decreased rate will come from larger breweries rebranding to compete with the popularity of craft beer and those same companies buying up their smaller competitors, according to the report.
Still, one of the biggest sources of growth over the next five years will be exports to countries “relatively untapped by craft breweries,” including neighboring Canada. Export growth is expected to be around 35 percent each year for the next five years.
Our Latest Tips & Tricks
- How to Properly Pour a BeerNovember 13, 2015 - 6:48 pm
Pouring beer is an art, and definitely part of the overall tasting experience. We always suggest that you drink a beer out of a glass, and recommend that you read Glassware for Beer. It’s a great primer to understating why, and a guide guide to pairing a beer to its appropriate glass. The following demonstrates […]
The Latest Industry News
- Pennsylvania Liquor Control Board Introduces New Licensee Compliance ProgramDecember 11, 2017 - 7:25 pm
HARRISBURG, Pa., Nov. 30, 2017 /PRNewswire-USNewswire/ — Under new authority granted to the Pennsylvania Liquor Control Board (PLCB) by Act 44 of 2017, the PLCB today announced its Licensee Compliance Program, through which the agency will educate licensees about existing license requirements and suspend the license privileges of licensees who fail to meet those requirements. Act 44 newly […]
- Menu Labeling Supplemental GuidanceDecember 11, 2017 - 7:21 pm
Contains Nonbinding Recommendations Draft – Not for Implementation November 2017 This guidance is being distributed for comment purposes only. This guidance document addresses concerns raised by stakeholders regarding the implementation of nutrition labeling required for foods sold in covered establishments*, including expanded and new interpretations of policy. It also clarifies that there are additional options […]