A staff economist with the Brewers Association, the Boulder, Colo.-based trade organization representing craft brewers, issued a report Friday (Sept. 20) saying there's no craft beer bubble.
"One of the most frequently asked questions surrounding the craft brewing industry these days is: 'are we in a bubble, and if so, when will it pop?' Bart Watson writes. "I’ll cut straight to the chase and give the short answer: I see little to no evidence that craft is in a bubble."
He cites slow growth in the number of breweries nationwide and market share to bolster his argument.
"Think again about restaurants, how many close every year – does that mean we are in a restaurant bubble?" he asks. "Although it is likely craft will reach a point (hopefully many years) down the road where volume percentage growth slows and closings equal openings, this is a sign of a mature marketplace rather than a bubble."
To read his report, click here.