Stay updated with breaking news from Bart Watson. Get real-time updates on events, politics, business, and more. Visit us for reliable news and exclusive interviews.
ALEXANDRIA, Va.—Spirits have been taking market share away from beer for the past 12 years, reports CNBC, and much of that loss can be attributed to the entrance of new drink categories including ready-to-drink (RTD) cocktails.
Beer is taking up less of the American booze market as beverage companies flood the market with buzzy new drink categories including ready-to-drink cocktails.
Beer is taking up less of the American booze market as beverage companies flood the market with buzzy new drink categories including ready-to-drink cocktails.
A Brewers Association survey at the beginning of the pandemic found 63.2% of craft breweries in Colorado feared they would not last more than three months.
There's a potential problem brewing in Michigan, and it could affect which local beers can be found on the shelves.