Monday, December 16, 2013

Craft Beer Contributed $34 Billion to US Economy in 2012

Brewers AssociationCraft beer is big business in the USA and in 2012 it added nearly $34 billion dollars to the US economy according to this latest press release from the Brewers Association. Colorado was a major contributor coming in as the 5th top state with $1.6 billion. Check out this press release and see just how big craft beer has become as of last year. This year should prove to be even bigger!

[PRESS RELEASE] Boulder, CO • December 16, 2013—According to a new analysis by the Brewers Association (BA)—the not-for-profit trade association that represents the majority of U.S. breweries—small and independent American craft brewers contributed $33.9 billion to the U.S. economy in 2012.

The figure is derived from the total impact of beer brewed by craft brewers as it moves through the three-tier system (breweries, wholesalers and retailers), as well as all non-beer products that brewpub restaurants sell.

“With a strong presence across the 50 states and the District of Columbia, craft breweries are a vibrant and flourishing economic force at the local, state and national level,” said Bart Watson, staff economist, Brewers Association. “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.”

In addition to the national impact, the BA examined output of the craft brewing industry by state, as well as the state economic contribution per capita for adults over 21.

Top Five States (2012)
1. California $4.7 billion.
2. Texas $2.3 billion.
3. New York $2.2 billion.
4. Pennsylvania $2.0 billion.
5. Colorado $1.6 billion

2012 Economic Impact By State

Top Five States in Age 21+ Output per Capita (2012):
1. Oregon $448.56 per capita.
2. Colorado $435.50.
3. Vermont $418.57.
4. Maine $324.36.
5. Montana $315.37.

2012 State Economic Impact Per Capita

For some or all of 2012, 2,347 craft breweries operated in the U.S., comprised of 1,132 brewpubs, 1,118 microbreweries and 97 regional craft breweries. During this timeframe, craft brewers sold an estimated 13,235,917 barrels of beer, with a retail dollar value estimated at $11.9 billion*. The industry also provided more than 360,000 jobs, with 108,440 jobs directly at breweries and brewpubs, including serving staff at brewpubs. For additional study statistics and methodology, including state-by-state data, see the economic impact page on the Brewers Association website. For a broader set of facts and figures about the craft brewing industry, see the craft brewing statistics section of the website.

*Figure updated from previous estimations based on new data.

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Related articles:
- Brewers Association lists Top 50 Breweries of 2012.
- Brewers Association: Craft continues to brew growth in 2012.
- American Craft Beer Exports set new records in 2012.

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