From Yahoo Finance: 2025-04-16 08:20:00

Craft beer production in the US fell by 4% in 2024, but market share remained steady at 13.3%. Total beer market volumes were down 1.2%. Small brewers face challenges like rising costs and competition. The retail value of craft beer rose 3% to $28.9bn. There were 9,612 US craft breweries in 2024.

US President Trump suspended reciprocal tariffs for 90 days for 75+ countries, maintaining a 10% baseline tariff. Rising costs for ingredients and materials are straining small breweries. The closure rate for craft breweries is around 5%, impacting expansion and profitability. The industry shifted towards taprooms and brewpubs in 2024.



Read more at Yahoo Finance: US ‘craft’ beer retains share as volumes fall, research shows