The craft beer industry is sweeping the nation! In fact, a new report from the Brewers Association shows production volume is up 16% this year and the number of craft breweries has increased by nearly 700 since the middle of 2014. The statistical confirmation of the continued consumer excitement about craft beer comes in tandem with a separate report from The Beer Institute and the National Beer Wholesalers Association that highlights the overall impact of beer on the national economy. The Beer Institute study found that the beer industry as a whole - encompassing brewers, distributors, retailers and importers – contributed $252.6 billion to the U.S. economy last year.
The growth doesn’t seem destined to slow soon either. The Brewers Association says there were 1,755 breweries in the planning stages at the end of June. And already, craft brewers produce one out of every 10 beers sold in America. Welcome to the craft beer revolution.
So, what's making the craft beer industry a great industry to be in? There are plenty of good reasons, from following your passion and doing what you love, to growing your local community, and everything in-between. After all, this is the Golden Age of Beer.
Simply put, craft beer tastes better. Do you prefer a fast food hamburger made on a line or a mouthwatering, home cooked juicy burger made with love? When you ask someone to describe what craft beer tastes like you will get a different answer from everyone. But there has been one consistent answer in terms of craft beer… just about everyone that has tasted craft beer will tell you that it tastes 100 times better than beer that has been commercially produced. This could possibly be because craft beer brewers take time when brewing beer and focus on the beer itself. Craft brewers have an incredible passion for their beer and take pride in their craft, it’s literally an art form.
Another reason this industry is on the rise is because of the health benefits. Yes, it may sound a little strange at first but craft beer has more nutrients than a lot of other forms of alcohol, including red wine. There are B vitamins that you can find in craft beers, a lot of antioxidants which we all know are good for you and you will also find some soluble fiber in craft beer. Many folks enjoy having a good drink but don’t necessarily want to feel bad about it health wise… Well, craft beer may be the answer.
With craft beer you'll find more choices, and everyone loves to have a nice variety of choices. There are over 3,000 craft breweries in the United States and that number is rising daily. Within those breweries, the beers are being crafted very carefully, with great thought and love. Each brewery chooses the ingredients and spices that they want to go into their beers; once that is done the passionate creativity of brewing their beer begins.
Craft beer actually seems to have a lower cost than large commercial brands. Large commercially known beer brands are often times easier to get, so more often than not you wind up drinking more. Craft beer is meant to be savored and enjoyed, sipped not chugged. As the old adage goes, quality over quantity. Additionally, with craft beer you get a great taste, more alcohol and you spend less money; and everyone loves to get great quality without breaking the bank.
We’ve just pointed out a few of the reasons craft beer is booming, however one critical component of the craft beer business was left out and that’s where LVRG comes into play. With every business, comes the need for capital. LVRG Funding is the nation’s go-to source for capital in the craft beer space. If you own a brewery in the U.S., you need to know LVRG. From a small, quick capital infusion of $4,000 to purchase inventory or launch a marketing campaign, to financing that will help you acquire brew kettles, fermenters, beer tanks and other brew equipment, or if you need $2,000,000 to expand, LVRG is able to provide options that fit your unique capital needs. You focus on your passion and leave the financing to us. Get started now so you can put your craft beer stamp on the expanding map. Now let’s drink to that….. Cheers!