![]() ![]() The closing rate also declined in 2021, likely helped by a combination of better sales numbers and additional government relief through the Restaurant Revitalization Fund, which was available to some brewpub and taproom brewers. Ongoing pandemic challenges and rising interest rates were additional factors. Openings decreased for a second consecutive year, with the continued decline reflecting a more mature market. Throughout the year, there were 646 new brewery openings and 178 closings. The total operating brewery count was 9,247, up from 9,025 in 2020. The number of operating craft breweries continued to climb in 2021, reaching an all-time high of 9,118, including 1,886 microbreweries, 3,307 brewpubs, 3,702 taproom breweries, and 223 regional craft breweries. Add in continuing supply chain and pricing challenges, and 2022 will be a critical year for many brewers.” “However, the mixed performance across business models and geographies as well as production levels that still lag 2019 suggest that many breweries remain in recovery mode. “Craft brewer sales rebounded in 2021, lifted by the return of draught and at-the-brewery traffic,” said Bart Watson, chief economist, Brewers Association. ![]() Craft brewers provided more than 172,643 direct jobs, a 25% increase from 2020. This growth is stronger than volume primarily due to the channel shift back to on-premise, which has a higher average retail value. Retail dollar value was estimated at $26.9 billion, representing 26.8% market share and 21% growth over 2020. Meanwhile, the overall beer market* grew 1% by volume in 2021. The meteoric rise is not expected to slow as the company has already successfully increased production in Q1 2022 by 85% over Q1 2021. We are excited by the growth but understand that the foundation of our success is steady and continuous commitment to quality and freshness.” “We could not have accomplished this without the support of strong partners, dedicated staff, and of course our loyal customers. This past year while the industry grew 8%, Fiddlehead Brewing Company experienced 89% growth, an impressive feat in a relatively small footprint of 8 states. ![]() We heard from many customers that Fiddlehead IPA cans were one of the few bright spots to come from the pandemic,” said Matt (Matty O) Cohen, President/Owner. When draft sales disappeared overnight as bars and restaurants closed, we were able to quickly pivot and begin canning our flagship IPA for the first time. “Prior to the pandemic, we were 85% draft. In 2020, the craft beer industry saw a 9% decline in production, while Fiddlehead Brewing Company saw a 25% increase in revenue as a result of a quick transition to canned products. Fiddlehead Brewing Company has bucked the industry trends year after year. ![]()
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