Craft beer manufacturing in the United States decreased in 2024, though its market share by quantity continued to be “essentially flat”, according to information from the Brewers Association.
The profession team, which stands for little and independent makers in the United States, reported craft beer result went down to 23.1 million barrels in 2014, 4% less than 2023.
Despite the quantity decrease, craft beer kept a 13.3% share of the general beer market, the very same degree as in 2023, the Brewers Association stated.
The wider United States beer market likewise got, with overall quantities down 1.2% in 2024.
According to Brewers Association personnel financial expert Matt Gacioch, craft beer is a “mature market”, which implies “not every year is going to be defined by substantial growth”.
He included: “While progress may not come in additional production volume, it can still come in honing operations, business practices, and world-class beer.”
Last week, United States President Donald Trump authorized a 90-day suspension of mutual tolls for greater than 75 nations– omitting China– while keeping a standard 10% toll on all United States imports.
“Small brewers are already grappling with rising ingredient costs, shifting consumer preferences, and increased competition in a saturated market,” Gacioch advised.
“Tariffs on imported brewing equipment, steel kegs, aluminium cans, and key ingredients such as hops and malt only exacerbate these financial pressures.”
“These added costs can be particularly challenging for small and independent breweries, which often operate on tight profit margins. As a result, many are forced to delay expansion plans, raise prices, or absorb losses – further compounding the headwinds already challenging the craft beer industry.”
The retail buck worth of craft beer raised by 3% to an approximated $28.9 bn, representing 24.7% of the overall beer market in retail buck sales.
In 2024, there were 9,612 operating United States craft breweries, consisting of 1,934 microbreweries, 3,389 brewpubs, 3,695 taproom breweries, and 266 local craft breweries.
Brewers Association stated the variety of personnel utilized in the United States craft developing market climbed 3% to 197,112 in 2024, driven by a change in the direction of hospitality-focused versions such as taprooms and brewpubs.
The overall variety of United States breweries was up to 9,680 from 9,747 in 2023, with 434 openings and 501 closures.
Brewers Association stated that significant the very first decrease in the variety of running craft breweries considering that 2005.
Although openings decreased for the 4th successive year, “reflecting a maturing and highly competitive industry”, the closure price continued to be reasonably reduced at around 5%, the profession body included.
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