Craft Beer Is Still Growing -- for Now at Least
Craft beer sales are still growing. The Brewers Association reports small and independent brewers produced 26.3 million barrels of beer in 2019, or just under 4% growth from the year-ago period.
While that represents a continued slowdown in the industry's expansion, it's considerably better than the overall beer industry, which suffered a 2% decline in production, or double the rate it experienced the year before.
Yet even as the number of new craft breweries opened also continued to grow, rising to 8,275 (some 825 net new openings over 2018), the underlying weakness of the business is still present, and the coronavirus pandemic will only exacerbate it.
Source Fool.com
