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Article: Growing Craft Brewers Counter Struggling Mass Market Brands.
- Article from:
- Business Wire
- Article date:
- October 27, 2005
CopyrightCOPYRIGHT 2005 Business Wire. This material is published under license from the publisher through the Gale Group, Farmington Hills, Michigan. All inquiries regarding rights should be directed to the Gale Group. (Hide copyright information)
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BOULDER, Colo. -- While mass-market brands struggle to hold their own in 2005, craft beers are booming. Consider the following:
--Fully one third of U.S. brewers (450 companies) grew by more than 10 percent in 2004 with regional brewers leading the way. More than two dozen brewers have posted at least four years of consecutive double-digit growth through 2004.
--Craft segment growth continues to be strong in 2005 and we forecast an industry-wide increase of 7 percent or more for the year. Many regional brewers report record shipments each month through the summer and we again expect to see a large number of craft brewers with double digit growth for the ...