Brooklyn Brewery on CBS News Projecting Growth
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MyBeer Buzz
From CBS News:
Stephen Hindy, president and founder of Brooklyn Brewery, noted the big brewers have lost about seven percent of their market – about 15 million barrels of beer or what he called "a real Great Lake of beer." He added, "At the same time, craft brewers have grown double digits and gained about 3.5 million barrels."
Craft breweries made an estimated $8.7 billion in 2011, a 15 percent increase from the year before. They now represent more than five percent of the U.S. beer market, its biggest share yet.
Hindy said craft brewing is expanding. There are now more than 2,000 breweries in the U.S. His own business is booming, with a 32 percent growth in 2011. This year, he said the company will make about 180,000 barrels and about $40 million in sales.
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