King Cannabis Ahead of his Game In 2023, the number of breweries grew to an all-time high of 9,683, directly employing 191,421 people. Despite the year being challenging for the craft beer industry—overall production declined by 1.0% from 2022—brewery openings outpaced closures, though the rate of openings has slowed dramatically in recent years. Because craft beer is priced at a premium, sales dollars grew in 2023, despite the small decline in volume.
I think these numbers show that while craft beer is no longer seeing the incredible growth of five or six years ago, the industry is doing fine,” said Bart Watson, chief economist with the Brewers Association in a telephone interview. In looking at changes to the list of the largest craft breweries, Watson notes, “A number of breweries are achieving growth by combining forces. Also, there are some breweries doing something new and different that seems to be an effective strategy to achieve growth.”
Quote from this article certainly applies to Tilray Beer Brands “A number of breweries are achieving growth by combining forces. Also, there are some breweries doing something new and different that seems to be an effective strategy to achieve growth.”
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