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Craft Bev News Fetch
Published daily, M-F by Craft Beverage Insights & free to the trade thanks to our sponsors
March 24, 2016
Publisher/Executive Editor, Lewis Perdue + Editor, Becca Yeamans-Irwin
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TODAY'S TOP NEWS
LAWS & REGULATION
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GIVE US THIS DAY OUR DAILY DATA
Craft beer sales closing in on California wine revenues
Source: Brewers Association - (Data Methodology at this link)
The gap narrowed in 2015: U.S. Craft Beer: $22.3 Billion - Calif Wine: $24.6 billion
According to numbers from research firm bw166.com and published in Wines in Vines, 2015 U.S. wine sales totaled $38 billion. Since California Wine Institute data estimates that that California represents 65% of U.S.dollar sales that means $24.6 billion in U.S. wines sales came from California.
Craft on top by end of 2016?
If current growth rates continue -- 16% for craft and 3% for wine -- that means U.S. craft beer could overtake the entire California wine industry by the end of this year: $25.8 billion versus 25.3 billion.
CRAFT NEWS FETCH PLAYLIST:
While creating this issue:
Becca liked this song the best: Fever by Peggy Lee
Lew liked this song the best: Lucky Man by The Verve
My son's 1st brewery :) Mommy had the Chocolate Milk Stout (5%abv, 18IBU). Smooth and delicious! -- Becca
This Craft Bev News Fetch was hand-crafted for you by Editor Becca Yeamans-Irwin (The Academic Wino) and Publisher/Executive Editor, Lewis Perdue.
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