Although the Brewer’s Association announced this week that craft beer sales dropped for the first time ever in 2020 with a 9% decrease in volume, an article in the Commercial Observer says that the craft brewing industry continues to be a desirable investment.
“Looking forward, we predict that the landscape of craft beer will return to being healthy in the next two years, with 2020 volume losses being balanced out in the coming years,” Adam Rogers, North American research director at the IWSR, said in the article. “There will just be less breweries than there would have been pre-pandemic due to closures and reduced openings. We believe craft beer will return to growth of around 2 to 3 percent in 2021.”
And although between 300 and 350 breweries closed in 2020 according to the BA, it also estimates that more than 700 opened, about the same as in 2019.
Full story here.