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Industry Landscape
The US craft beer industry is dynamic, marked by innovation and consumer demand for diverse styles. While growth has stabilized post-pandemic, it remains competitive with increased focus on unique experiences, direct-to-consumer sales, and broadening appeal beyond traditional beer drinkers. Sustainability and community engagement are growing trends.
Total Assets Under Management (AUM)
Craft Beer Production Volume in United States
~24.3 million barrels (2023)
(-1.0% CAGR)
The craft beer industry experienced a slight decline in production volume in 2023. This can be attributed to:
- Increased competition from other beverage categories.
- Maturation of the craft beer market.
- Shifts in consumer preferences towards lower-alcohol or non-alcoholic options.
Total Addressable Market
119 billion USD
Market Growth Stage
Pace of Market Growth
Emerging Technologies
AI-Powered Brewing Optimization
Utilizing artificial intelligence and machine learning to optimize fermentation processes, predict flavor profiles, and enhance consistency in beer production.
Blockchain for Supply Chain Transparency
Implementing blockchain technology to provide immutable records of ingredients' origins, brewing processes, and distribution, ensuring authenticity and traceability for consumers.
Automated Taproom Dispensing Systems
Advanced self-pour or smart dispensing systems that track consumption, manage inventory in real-time, and offer personalized recommendations to customers.
Impactful Policy Frameworks
Craft Beverage Modernization and Tax Reform Act of 2017 (CMBTR)
The CMBTR Act, made permanent in December 2020, reduced federal excise taxes for brewers on their first 60,000 barrels of beer produced and on subsequent barrels up to 6 million barrels.
This policy directly reduces Hi-Wire Brewing's federal tax burden, allowing for reinvestment in expansion, innovation, or competitive pricing.
State-Level Direct-to-Consumer (DTC) Shipping Laws (Ongoing Changes)
Various states are continually re-evaluating and, in some cases, expanding laws to permit or restrict direct-to-consumer shipping of alcohol, impacting breweries' ability to sell directly to consumers across state lines.
Changes in DTC shipping laws directly affect Hi-Wire Brewing's online sales and distribution reach to the 42 states they currently ship to, potentially expanding or contracting their market access.
Local Zoning and Licensing Regulations (Varies by Municipality)
Local governments continuously update zoning ordinances, public health regulations, and liquor licensing requirements for new and existing taprooms, often impacting expansion plans and operational flexibility.
These local policies directly influence Hi-Wire Brewing's ability to open new taproom locations and operate existing ones, affecting their hospitality revenue and community engagement strategies.
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