Still Room for Craft Beer Growth
According to Chief Economist for the Brewers Association, Bart Watson, there's still room for the craft beer industry to grow.
In a recent MiBiz article by John Wiegand, Bart says, "Craft breweries are looking more like restaurants and bars these days and when you look at the overall number of those in the country, I think there is almost endless run room — as long as craft breweries differentiate. Also, when we look at other high-end artisanal food or alcohol markets, you often see the high-end taking a 30-percent to 50-percent share in dollar sales or volume. Craft beer right now is at 20 percent by dollars and 11 percent by volume. That suggests there’s a lot of growth room."