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Industry news related to the brewing industry and the business of beer
Industry Veteran John Mallett to Leave Bell’s Brewing
A veteran of the craft brewing industry for 35 years and vice president of operations and quality at Bell’s Brewery for over 20 years, John Mallet plans on stepping down from the industry in late February.
Constellation Shares Drop 10% Triggering Industry Concerns Over Rising Costs
Constellation shares dropped 10% after the company fell well short of predicted earnings for the three months to the end of November 2022, dragging down the shares of other American beer, wine and spirits producers as investors worry that alcohol beverage producers may have a hard time maintaining margins in 2023.
American Malting Barley Assoc. Releases Recommended Variety List for 2023
The American Malting Barley Association (AMBA) Board of Directors annually develops a list of recommended malting barley varieties for U.S. growers for the upcoming crop year. The list is intended to provide U.S. growers with guidance as to what varieties the industry may be contracting or purchasing in the coming year.
BPI Index Has Lowest Number Ever Signaling Pessimistic Start to 2023
The NBWA’s Beer Purchasers’ Index (BPI) had its lowest index reading ever in the month of December 2022. The December BPI shows a reading of 30, and the “at-risk” inventory index of 51 marks a very pessimistic outlook for January 2023.
What Does 2023 Hold for Hard Seltzer
Hard seltzer exploded out the gate. Sales grew triple digits in both 2019 and 2020, driven by evolving consumer trends and tastes. Many in the industry predicted a slower, but still robust growth in 2021 of 50-80%. Instead, hard seltzers grew by only 16% in 2021.
Asahi Shuzo to Open Sake Brewery in US – Will It Give Sake a Boost?
Japan’s Asahi Shuzo announced plans to open a new $53 million sake plant in New York state. The facility, located in Hyde Park, will begin brewing sake in spring of 2023.
BA Discontinues SAVOR Event
The Brewers Association released a brief announcement saying that the organization would no longer be holding the annual food and craft beer tasting event SAVOR.
Will the ‘Paradox of Choice’ Require Craft Beer to Simplify?
A long-running study of Americans’ attitudes, values and purchasing behavior has shown that a new consumer trend may be emerging: a newfound desire for simplicity and simplified choices. This may not bode well for the craft beer segment, and some industry analysists are pointing to it as a root cause for the sluggish performance of craft beer coming out of the pandemic.
Non and Low Alcohol Category Shows Big Gains in 2022 – Growth Expected to Continue
Driven by increasing consumer demand, no-alcohol and low-alcohol beer, cider, wine, spirits, and ready-to-drink (RTD) products grew by more than +7% in volume across 10 key global markets in 2022, according to a comprehensive new study published by IWSR Drinks Market Analysis. The category is expected to increase by a third by 2026, spearheaded by growth of non-alcohol products.
Shmaltz Brewing Sells Brand After 25 Years – New Owner Plans Relaunch
The Shmaltz Brewing Company has found a new home, having sold the company to NYC-based Rabbinical student Jesse Epstein, who plans to relaunch the brand.
BA Releases ‘Year in Beer 2022’ Report with Mixed Signs of Recovery
The Brewers Association today released their “Year in Beer 2022” report, a look back at a year “marked by overall growth but lots of variation.” While there were 200+ breweries that closed during the year, over 550 new breweries have opened, adding to the over 9,000 already operating. But the report also identified a number of challenges for craft brewers in the year ahead, indicating that the headwinds are far from over.
New Report Shows Craft Spirits Continuing to Grow
The American Craft Spirits Association (ACSA) and Park Street released the Craft Spirits Data Project (CSDP) at its annual Craft Spirits Economic Briefing, which was held at New York Distilling Co. last week. The report finds that the U.S. craft spirits market share reached 4.9% in volume and 7.5% in value in 2021, up from 4.7% in volume and 7.1% in value in 2020.
Asahi to Establish Investment Fund to Finance Small US Companies
Asahi Group Holdings, Ltd. announced that it has established an investment management company, Asahi Group Beverages & Innovation, LLC, based in San Francisco to invest in in US brewery startups.
Molson Coors to Exit CBD Business in US
Molson Coors will exit the US portion of its CBD joint venture with Canadian cannabis grower Hexo, ending the brewers CBD beverage business in the US.
Fast Expanding Saucy Brew Works Buys Cartridge Brewing
Cleveland-based Saucy Brew Works, founded just 5 years ago, has rapidly expanded across Ohio and beyond. Its most recent acquisition, the purchase of Cartridge Brewing just outside of Cincinnati will another brand-set to its portfolio.
Fire Strikes Two Breweries – One Fatal Killing Owner-Brewer Ray McNeill
Tragedy has struck the craft brewing industry. Fire tore through McNeill’s Brewery Friday night, a longtime fixture in Brattleboro, Vermont, killing founder and owner Ray McNeill who lived in the buildings upstairs apartment. Another fire caused significant damage to Local Brewing in San Francisco early Saturday morning. There were no injuries reported in that incident.
Firestone Walker Collaborates with Calwise Spirits to Create ‘Old Tom Big Sur Gin’
Calwise Spirits and Firestone Walker Brewing Company have collaborated together to create “Old Tom Big Sur Gin,” using a special mash made at the brewery. According to a press release, Firestone Walker generated a mash of traditional brewing grains with a complement of wine grape juice, all fermented with native yeast and bacteria.
BA Announces Newly Elected Board Members
The Brewers Association has announced the five candidates elected to the Brewers Association Board of Directors in the recent election.
Representing packaging breweries will be Jason Perkins of Allagash Brewing Co. (Maine) and Mitch Steele from New Realm Brewing Co. (Ga.). The taproom breweries seat went to Melissa Romano of Lake Anne Brew House (Va.) and the two pub breweries positions were filled by Kris Spaulding of Brewery Vivant (Mich.) and Jason Lavery from Lavery Brewing Co. (Pa.).
All five new members will serve three-year terms starting in February 2023. At-large board seats for the term starting February 2023 will be discussed by the board of directors at the Dec. 1, 2022, board meeting.
RTD Prices Increase in Those States Where Taxes Are Lowered
Makers of RTD’s have been increasingly active in lobbying state legislators to lower taxes on the ready to drink cocktails. Their argument is that lower taxes will benefit the consumer by lowering the retail price.
But a recent analysis by Public Sector Consultants shows that in two states where the RTD tax was lowered, retail prices increased.
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