BA: Craft Volumes Down 4% in 2024

Dear Client:  In a sign of an overall contracting beer market, American craft breweries saw a 4% decrease in production volume in 2024 vs. 2023, the just-released Brewers Association’s annual industry production report reveals.  But despite those overall volume losses, “craft’s market share by volume remained essentially flat at 13.3%, the same share as in 2023 [see CBD 04-16-2024]. Craft was able to maintain its share as “the overall U.S. beer market declined by 1.2% in volume.”  At the same