Craft Beer Sales Tail Off A Bit
The US craft beer industry contributed $67.8 billion to the country's economy in 2016, according to a report by the Brewers Association released on Tuesday.
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The news provides a well-needed boost to the US craft beer industry after the Brewers Association had earlier reported that sales of craft beer have slowed slow in the first half of 2017.
In the U.S., the economic impact of craft breweries doubled from 2012 to 2106. Last year, the craft breweries contributed $67.8 billion to the U.S. economy and providing over 456,000 full-time jobs, with 128,000 being jobs offered directly by the breweries and brew pubs themselves. In 2012 American craft brewers had a $33.9 billion contribution to the economy.
The study conducted by Brewers Association covers the total impact of craft-brewed beer on the U.S. economy considering the three-tier distribution system as well as food and merchandise sold at brewpubs.
"As consumers continue to demand a wide range of high quality, full-flavored beers, small and independent craft brewers are meeting this growing demand with innovative offerings, creating high levels of economic value in the process," BA Chief Economist Bart Watson said in a statement.
California, which has 850 small and independent breweries, leads with more contribution than any other state of $7.3 billion. Pennsylvania, Texas, New York and Florida rounded off the top five.
Since 2012, craft-beer production has almost doubled from 13.2 million barrels to 24.5 million barrels.
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