Industry Supply Down 5.5% to Start ’25

Dear Client: In light of soft reads to start the year and tough comps from last year’s inventory builds by Anheuser-Busch and Molson Coors ahead of labor disputes, we presumed beer industry supply would start the year in a hole. Now we know how big a hole. The Beer Institute delivered its shipment estimates for January yesterday, showing that total industry supply is down 5.5% to start 2025. Dragging that figure down was domestic shipments, which were down 8.7% in