Food

Is the Craft Beer Rocket Ride Fizzling Out?

Craft beer is still growing as a segment of the complete beer industry. Like wineries, there is a craft beer brewery in all 50 states. Craft brewing, for approximately four decades, has existed as a class in the alcohol drinks industry there is absolutely no occasion. In 1859 the Anchor Brewing Company in San Francisco started brewing operations. Regrettably the company had a history of failures in creating beer. As 1965 it has a record of success and is known as craft beer Hong Kong.

craft beer Hong KongRegardless of the growth in breweries, the craft beer market is experiencing issues. For instance: continuously changing consumer trends; rapid industry growth; expansion in product offerings this includes new items like hard cider; supply restrictions; reaction to market trends; and, imports. In December the new tax law took effect and should free up capital without incurring debt to finance expansion and marketing applications. Hand crafted beer Hong Kong and Tax Reform Act-2017 as part of this tax bill is cutting the excise tax bill in half for those nations small brewers, reports Bart Watson-Chief Economist for the Brewers Association. That is a chunk of funds for reinvestment. There are advantages for wine/spirits manufacturers also.

Per capita beer consumption in the U.S. has been flat for about a decade. But, and this is a significant point, craft beer seems to be up approximately 5 percent in 2017. The significant concern from the here-and-now is that the reduction in imports that happened in 2017 for the business in total.