To put a finer point on Fox News' observations: 1) NA beer has come a long way, and tastes a great deal more like traditional beer now than it did as recently as ten or twelve years ago, but the growth of the NA market will depend on continued innovation and investment in R&D. 2) Women are trendsetters, and their early support of the new wave of craft NA beers almost certainly augers an as-yet-unrealized growth in demand among men as well. 3) Young people are the future, and the craft brewing community should take note of what their spending habits tell us. Just as the first wave of growth in the craft beer market was driven by an earlier generation's demand for hoppier, more flavorful beer with a higher ABV than what was then being produced by the "big three", this generation of craft beer drinkers is looking for low-alcohol or non-alcoholic versions of the many flavors and styles of beer not available in mass-produced NA form. 4) Athletic is the only craft brewery on Fox's list, and the only one producing an IPA. This speaks to the massive growth potential of the craft segment of the NA market, even as the rest of the craft beer industry stagnates. 5) It's time for craft NA brewers to seize the day!
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Adapting to Changing Craft Beer Trends: Key Insights for Breweries The latest Brewers Association Harris Poll 2024 has revealed a pivotal shift in craft beer consumption patterns: more drinkers are reducing their intake. While the number of craft beer enthusiasts is on the rise, regular monthly and weekly consumption is declining. This signals the need for craft breweries to reassess their strategies and explore new growth avenues. Embracing Omnibibulous Consumers Craft beer drinkers are diversifying their beverage choices, exploring everything from imports and domestic beers to hard ciders and RTD cocktails. This trend presents both challenges and opportunities. Diversifying product offerings to align with evolving tastes is crucial for success in today's competitive landscape. The Value of Non-Alcoholic Options One key takeaway is the growing appeal of Non-Alcoholic (NA) brand lines. These options cater to health-conscious consumers and those moderating their alcohol intake while still enjoying the craft beer experience. Exploring NA products can attract new customers and retain existing ones. Flavor Innovation to Attract Younger Consumers Younger consumers aged 21-34 often avoid craft beer due to flavor preferences. Innovating with new flavor profiles that resonate with this demographic can expand your market share. Flavor innovation provides opportunities in both existing and new segments. Strategic Adaptation in a Competitive Market Although craft beer growth has slowed, the market is evolving, not shrinking. Increased competition from other beverage categories means breweries must adapt their strategies to stay relevant and drive growth. This involves product innovation, enhanced marketing efforts, and a deep understanding of consumer behavior. Learning from Success Stories Take a cue from successful strategies like Schilling Cider’s move into the hard lemonade segment. Diversifying into new categories can lead to significant growth and brand expansion. Identifying impactful brand lines in new categories can help your brewery capture new market segments and drive substantial growth. Navigating Market Changes Adapting to the evolving market is crucial for sustainable growth. Diversifying product lines, innovating with new flavors, and responding strategically to consumer behavior shifts are essential steps for staying ahead in the competitive craft beer industry. Embrace these changes to drive growth and ensure long-term success for your brand. Connect with Us Ready to discuss how to implement these strategies for your brand? Let’s connect and explore the opportunities together. #BeverageIndustry #CraftBeer #BrandStrategy #SalesGrowth #FlavorInnovation
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Craft beer consumption patterns are changing, and the latest Brewers Association Harris Poll 2024 highlights a critical shift: more craft beer drinkers are cutting back on their consumption. Despite the overall increase in craft beer enthusiasts, regular monthly and weekly consumption rates are declining. This trend signals the need for craft breweries to reevaluate their strategies and seek new pathways for growth. Craft beer drinkers are increasingly exploring a variety of beverage options, from imports and domestic beers to hard ciders and RTD cocktails. This omnibibulous behavior presents both a challenge and an opportunity for craft breweries. Diversifying your product offerings and aligning them with evolving consumer tastes is essential for thriving in this competitive landscape. Exploring Non-Alcoholic Options One clear indicator from this trend is the value of exploring an impactful Non-Alcoholic (NA) brand line for your brewery. NA options appeal to health-conscious consumers and those seeking to moderate their alcohol intake while still enjoying the craft beer experience. Flavor Innovation Younger consumers aged 21-34 often avoid craft beer due to flavor preferences. Innovating and developing flavors that resonate with this demographic can help attract new consumers and expand your market share. New flavors provide additional opportunities in both current and new segments. Strategic Adaptation in a Competitive Market Despite the stalling growth in craft beer, the market isn't shrinking; it's evolving. Increasing competition from other beverage categories means craft breweries need to adapt their strategies to maintain relevance and drive growth. This involves innovating products, enhancing marketing efforts, and understanding consumer behavior. Take inspiration from successful strategies like Schilling Cider approach. Their move into the hard lemonade segment shows how diversifying into new categories can lead to significant growth. By finding impactful brand lines in new categories, your brewery can capture new market segments and drive substantial growth. Adapting to the evolving market is crucial for growth and sustainable success. Diversifying product lines, innovating with new flavors, and strategically responding to consumer behavior shifts are key steps to staying ahead in the competitive craft beer industry. Embrace these changes to drive significant growth and ensure long-term success for your brand. Ready to discuss how to implement these strategies in your brewery? Let's connect and explore the opportunities together. #BeverageIndustry #CraftBeer #BrandStrategy #SalesGrowth #FlavorInnovation
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Craft beer continues to rise despite changing trends among young drinkers 🍻 Recent findings from a YouGov survey, commissioned by SIBA, The Society of Independent Brewers and Associates for its 2024 Craft Beer Report, reveal a shift in beverage preferences among younger consumers. While only 30% of 18-24-year-olds report drinking beer, the demand for local and craft beers remains strong and is on an upward trend. Here's what stands out: - Overall, 49% of consumers said they drink beer, yet this figure dips to just 30% among the 18-24 age group, who tend to favour spirits, wine, and cider. - Despite these challenging numbers, there's a silver lining for craft beer enthusiasts. Over 55% of beer drinkers now choose local craft beer, matching the popularity of global lagers and marking an increase from 47% last year. - SIBA members have also reported a 14% increase in production volumes over the last year, highlighting robust demand for locally, independently brewed beer in the UK. While the beer industry faces financial pressures, the craft beer segment shines, showing a shift towards quality and experience over quantity. This trend suggests that while traditional beer might be losing ground among younger drinkers, there is a growing appreciation for premium craft beers. Craft beer is not just surviving; it’s thriving, reflecting a broader movement towards mindful consumption and quality experiences. #BeerTrends #SIBA
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So many non alcoholic beers are watered down and simply don't deliver... RationAle Brewing is changing that narrative and creative a movement with non-alcoholic brews that don’t compromise on flavor. Since 2021, RationAle has been redefining what it means to enjoy beer—without the buzz. This isn’t just another non-alc brew; it’s a lifestyle. And I absolutely love how they get people invested in the brand with their unique messaging. They call their drinkers "Mavericks" or independent thinkers who refuse to adhere to outdated norms. Founder Jamie Fay and his sons didn’t set out to make ‘just another non-alcoholic beer.’ He started RationAle because he believed making a rational choice when it comes to alcohol is a radical act. Sitting around the campfire with his sons, he encouraged them to think for themselves about drinking, making choices that reflect who they are—without the pressure. That spark of independence launched RationAle, and they haven’t looked back since. Jamie and his team, including Co-Founder Wendy Pickett, have built a brand that celebrates individuality, freedom, and, good non-alc beer. RationAle Brewing isn’t just another non-alc option—it’s crafted to satisfy. Made with the same passion and quality you’d expect from any top-tier craft brewery, RationAle delivers a full-flavor experience that doesn’t compromise. And the market is noticing—thousands of Mavericks have already joined the movement, swapping out traditional beers for something that lets them live in the now, without the pressure. With the demand for non-alcoholic options continuing to rise, RationAle Brewing is well-positioned to lead the charge in the craft beer industry. As more people embrace a mindful approach to drinking, brands that break free from convention—like RationAle—are poised to take center stage. What other non alc brands do a great job with their messaging and creating people that eager to invest in their brand and be part of a movement?
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𝙂𝙚𝙣 𝙕 𝙞𝙨 𝙧𝙚𝙬𝙧𝙞𝙩𝙞𝙣𝙜 𝙩𝙝𝙚 𝙗𝙚𝙚𝙧 𝙞𝙣𝙙𝙪𝙨𝙩𝙧𝙮'𝙨 𝙧𝙪𝙡𝙚𝙗𝙤𝙤𝙠! 👀🍺 Gone are the days when beer choices were merely light or dark. The youngest legal drinkers are sculpting the landscape of the beer industry, and their tastes are anything but traditional. Gen Z's push for innovation in the beer market is reshaping what we see on the shelves. From craft beer to hard seltzers, and non-alcoholic brews, the demand for variety, sustainability, and authenticity is at an all-time high. But it's not just about the drink. It's the story behind the brew that matters. This generation values sustainability, diversity, and community. They're not just buying a drink; they're buying into what the brand stands for. So, what does this mean for breweries and marketers? Adaptation and innovation. It's time to rethink strategies, from product development to marketing approaches. Understanding this demographic's preferences and values can be the key to unlocking a new era of beer enthusiasts. Read more about this generation shift in the article below!⬇️ Voodoo Brewing Co. #brewery #genz #craftbeer #innovation
Gen Z and the Push for Beer Innovation - FSR magazine
https://www.fsrmagazine.com
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Factors including the growth of ready-to-drink canned #cocktails and consumer trends away from beer and malt beverages are contributing to a contraction in #craft beer sales. https://buff.ly/3UW2xOL
Craft Beer and Craft Spirits Compete for Market Space
oemmagazine.org
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Beer is having a moment, worldwide anyway. In the United States, not so much. What hand-wringing, maniacal plans are being formed this week at the Craft Brewers Conference in Las Vegas, Nevada? I mean — a third of 2024 is already gone. But as for U.S. craft beer, it only represents 13.3% of the U.S. beer market and 4.3% of the worldwide beer market in 2023, according to the Brewers Association. Clearly, craft beer is niche player on the worldwide stage. Yet it seems the U.S. craft beer industry is smitten with the growth of nonalcoholic beer. Worldwide, it’s a different story. The highlights, directly from Statista: 🍺 Revenue, at home (e.g., revenue generated in supermarkets and convenience stores) in the Beer market project to be (U.S.) $347.4 billion in 2024. 🍺 Revenue, out-of-home (revenue generated in restaurants and bars) projects to be $325.6 billion in 2024. 🍺 Revenue, combined amounts to $673 billion in 2024. 🍺 The revenue, at home is expected to grow annually by 4.12% (CAGR 2024-2028). 🍺 In global comparison, most revenue, at home, is projected in the United States at $77,040 million in 2024. 🍺 In relation to total population figures, the average revenue per capita, at home of $44.83 are generated in 2024. 🍺 In the Beer market, volume, at home is expected to amount to 128.6 billion liters by 2024. 🍺 Volume, out-of-home is expected to amount to 56.2 billion liters in 2024. 🍺 Volume, combined is expected to amount to 184.9 billion liters in 2024. 🍺 The Beer market is expected to show a volume growth, at home of 0.3% in 2025. 🍺 The average volume per person, at home, in the Beer market is expected to amount to 16.60 liters in 2024. Here what this boils down to: • 2023 Worldwide alcoholic beer revenue $594 billion USD • 2023 U.S. nonalcoholic beer revenue $34 billion USD Alcoholic beer: 94.6% Nonalcoholic: 5.4% • 2028 Worldwide (proj) alcoholic beer sales $771 billion USD • 2028 Worldwide (proj) nonalc beer sales $51 billion USD Alcoholic beer: 93.8% Nonalcoholic beer: 6.2% “Beer is the third most popular drink in the world.” — Stephen Carter King Notes: Data shown is using current exchange rates and reflects market impacts of the Russia-Ukraine war. Most recent update: April 2024 Source: Statista Market Insights #Beer #CraftBeer #NonCraft #NonAlc #BevAlc #Microbreweries #Taprooms #Brewpubs #ConsumerBehavior #BrandAwareness #EmergingTrends #BusinessIntelligence Slàinte☘️! ✦✦✦ Stephen Carter King Chief of Growth and Marketing and Beerconomist + CSO & CEO of Beerconomy • Market Analyst, Consultant, Speaker & Publisher • delivering beer market trends, insights, and analyses Publisher: The Beerconomist
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Factors including the growth of ready-to-drink canned #cocktails and consumer trends away from beer and malt beverages are contributing to a contraction in #craft beer sales. https://buff.ly/48AHyUP
Craft Beer and Craft Spirits Compete for Market Space
packworld.com
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Sometimes all the stories you've been working on drop all at once! For SevenFifty Daily, I tackle the changing economic reality of craft brewing. After several decades of steady and sometimes stratospheric growth, the craft beer industry has seen declining sales for the past few years, thanks to an overcrowded market, changing drinking behaviors, and competition from canned cocktails, spirits, and other new beverage categories. “Double-digit growth papered over many business issues,” says Bart Watson, the chief economist for the Brewers Association. Last year, off-premise craft beer sales declined nearly one percent while volumes dropped 4.4 percent according to Circana, a Chicago-based market research firm. And the drumbeat of notable brewery closures sounds louder each week. To better navigate today’s choppy economic waters, breweries are reevaluating production and product mix to stay afloat and better serve a reduced, yet still thirsty consumer base. Creating targeted portfolios through SKU rationalization and recalibrating focus on core ranges, in addition to exploring hard tea and THC beverages, can rightsize operations for the craft brewing industry’s new economic reality. How are you seeing the state o' the industry? #craftbeer
The New Economics of Craft Beer | SevenFifty Daily
daily.sevenfifty.com
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The brand and its signature skeleton have become symbols of approachability for the casual IPA consumer … In 2023, Voodoo Ranger Imperial IPA and Juice Force Hazy Imperial IPA held the top two spots, respectively, as the nation’s best-selling IPAs in grocery and convenience stores. Booyah! Needless to say, New Belgium Brewing has found a way to hack industry-wide, slowly declining beer sales, and its success lies largely in its marketing. REPEAT … “(Voodoo Ranger’s) success lies largely in its marketing.” Period. You’ll need to read this piece, seriously, not because of Voodoo Ranger’s beers — but read the clues about marketing dominance. PRO TIP: They didn’t rely on “on premise” sales; it’s a brave new world. How does YOUR business’ marketing performance stack up against your competitors? Seriously. I’m not kidding. “The best beers are ones we drink with friends. At home.” — Stephen Carter King Source: VinePair #Marketing #BrandPositioning #ConsumerBehavior #BrandAwareness #Beer #CraftBeer #NonAlcoholicBeer #Microbreweries #Pubs #Taprooms #Brewpubs #GroceryStores #Cstores #Retail ✦✦✦ Stephen Carter King Chief of Growth and Marketing and Strategy • Beer Market Analyst • Beerconomy & Co. CEO • Thought Catalyst • Sherpa • Advisor & Speaker sharing beer market trends + insights + forecasts and scoop via The Beerconomist
Every Voodoo Ranger IPA, Tasted and Ranked
vinepair.com
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