Craft Breweries Are Seeing Slowing Growth in the First Half of 2016
Photo by Matt Cardy/GettyThe first half of 2016 saw American craft beer production increase eight percent, according to data from the Brewers Association, a not-for-profit trade association devoted to independent American brewers. It sounds like a decent number, but it’s also a troubling one: Craft beer growth had been holding fairly steady at around 12-16 percent by volume in recent years. This new number represents that this growth may finally be slowing.
“Yet there is still tremendous dynamism reflected in eight percent growth for craft,” said Bart Watson, chief economist of Brewers Association in a press release. “Production growth of small and independent craft brewers continues to be one of the main bright spots for domestic beer in the U.S. Even in a more competitive market, for the vast majority of small and independent brewers, opportunities still exist.”