Craft brewing industry grew 8% in 2021 – Greeley Tribune
BOULDER — The craft brewing industry grew 8% in 2021, according to annual data released Tuesday by the Brewers Association. Craft brewers produced 24.8 million barrels of beer, giving them a market share of 13.1%.
“Craft brewer sales have rebounded in 2021, boosted by the return of tap and brew traffic,” Bart Watson, chief economist for the Brewers Association, said in a prepared statement. “However, the mixed performance across business models and geographies, along with production levels that still lag behind 2019, suggest that many breweries remain in recovery mode. Add to that the continued challenges in the chain. supply and prices, and 2022 will be a critical year for many brewers.”
The number of craft breweries hit an all-time high of 9,118 in 2021. Closures have declined after peaking in 2020 during the COVID-19 pandemic.
Colorado has claimed three of the nation’s top 50 craft breweries: Canarchy, ranked seventh, the collective that includes Longmont’s Oskar Blues brewery and was purchased by Monster Beverage Corp. (Nasdaq: MNST) in January for $300 million; Odell Brewing Co., 20th in Fort Collins; and Left Hand Brewing Co., 47th in Longmont.
Colorado also had three of the top 50 breweries in the country: New Belgium Brewing Co., 11th, Canarchy, 16th, and Odell, 29th.
This article was first published by BizWest, an independent news agency, and is published under a license agreement. © 2022 BizWestMedia LLC.