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Daily Briefing
 
 
BrewboundJuly 15, 2024
DAILY BRIEFING: LITE EDITION
A preview of today's news & insights for the beer industry.
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🚨 What You're Missing 🚨

You’re receiving the Lite Edition of Brewbound’s Daily Newsletter. Join us as a Brewbound Insider to receive the full version which includes:

  • A rundown on new dietary guidelines concerns;
  • A legislative update out of Pennsylvania;
  • A recap of NIQ bev-alc data thru June 29;
  • And a look at Deschutes’ latest seasonal release.

Insiders also have access to the Brewbound Newsletter Archive, including previous newsletter-exclusive Insider content.

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Today's Top Story

🗣️ Noise from Dietary Guidelines Debate Breaks Through to Consumers

🗣️ Noise from Dietary Guidelines Debate Breaks Through to Consumers

Recent research about the health impacts of alcohol has been circulating in mainstream media, amid a broader conversation about consumption as the Dietary Guidelines Advisory Committee (DGAC) works toward publishing its 2025-2030 guidelines.

The DGAC – a collaborative effort from the U.S. departments of Agriculture (USDA) and Health and Human Services (HHS) – meets every five years to revise the guidelines. The most recent guidelines were published in 2020 and, after some debate, maintained previous recommendations of two drinks per day for men and one for women. 

Insiders can read why bev-alc trade groups are raising concerns and details on two studies that could impact new guidelines.

Data Dive

📉 NIQ: Total Bev-Alc Sales Slip Through End of June

📉 NIQ: Total Bev-Alc Sales Slip Through End of June

The latest data set from NIQ showed a modest slowdown in sales growth for total bev-alc in the two-week period before June 29, according to analysis from Goldman Sachs Equity Research.

Insiders can go deeper into the numbers, including brand level data.

On Tap This Week

🔮 Brewers Association CEO Bob Pease on the Brewbound Podcast, Alcohol Regulations

🔮 Brewers Association CEO Bob Pease on the Brewbound Podcast, Alcohol Regulations

Outgoing Brewers Association president and CEO Bob Pease will join the Brewbound Podcast to discuss his decision to retire in 2025, why now was the right time for him to hand over the post and what the next CEO needs to know about the position.

Brewbound will also be tuning into McDermott Will & Emery’s Mid-Year Review of alcohol regulations on Wednesday morning. We’ll report back if there are notes coming out of the webinar. 

ICYMI

🌬️ Change in the Air at the Brewers Association

🌬️ Change in the Air at the Brewers Association

It was a Brewers Association-heavy (BA) news week, starting with the announcement that Bob Pease, the organization’s president and CEO, is planning to retire in early 2025.

Pease has spent more than 32 years at the BA, and has served as CEO since 2014. He first joined the trade group in 1993 as a customer service manager, and later held roles including operations director, vice president and COO.

The BA’s board of directors has retained Kittleman & Associates, a search firm dedicated to executive searches for nonprofit organizations, to lead the recruitment of a new president and CEO. Once his successor is in place, Pease will retire. 

Brewbound editor Justin Kendall delved into what could be next for the BA, which is also saying farewell to longtime SVP of meetings and events Nancy Johnson. Their departures signal an opportunity to replace the organization’s professional leadership and alter its direction. 

Under Pease’s direction, the BA helped members professionalize and mature into legitimate businesses that generated millions in economic development for their home towns and states. He helped usher in permanent excise tax relief and expanded the BA’s presence in Washington, D.C. You’ll hear more from him later this week, when he joins the Brewbound Podcast.

There are now nearly 10,000 craft breweries in operation across the U.S., and last year they accounted for 13% of the beer industry’s volume and 24% of dollars. However, craft never reached the lofty goal of a 20% share of volume by 2020. In fact, last year, craft recorded its first volume decline in a non-COVID year. 

This year, the number of craft drinkers who are drinking less craft beer than they were last year outnumbered those who are drinking more for the first time. 

The latter stat was shared by BA chief economist and VP of strategy Bart Watson and staff economist Matt Gacioch in their webinar on the findings of the BA’s annual Harris Poll. Some craft drinkers may be drinking less, but there are now more of them than in previous surveys. 

Nearly half (48%) of Harris Poll respondents drink craft beer “several times a year or more often,” and 9.1% of respondents in a 2022-2023 Scarborough USA survey said they have drunk craft beer in the last 30 days. 

Watson said: “Even as craft growth has stalled in recent years, the percentage of people who say they’re purchasing craft in the last 30 days, or drinking craft at least several times a year, is still going up. So that slowdown isn’t necessarily driven by the size of the total pie. It’s going to be driven by other things.”

Brewbound Insiders can read highlights from the jam-packed webinar, which included craft beer consumers’ drinking habits, demographics and purchase intentions following brewery visits. 
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Insiders also checked out the following data stories:

In other news, non-alc craft beer giant Athletic Brewing secured a $50 million equity financing round, led by private equity firm General Atlantic, which will take a seat on Athletic’s board of directors. The round is being earmarked to “drive continued long-term growth,” including Athletic’s purchase of another San Diego-based Ballast Point production facility, as well as expanding international sales of its NA beer.

Insiders also learned about the alcoholic beverage control law reform that had to be enacted for Talkhouse Encore, the RTD canned cocktail that grew out of a Hamptons concert venue, to be born.

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On the Brewbound Podcast, Justin, Jess and Zoe compared July 4 notes, which included how much fireworks frighten toddlers and what Boston-area under-30 drinkers think of a host of FMBs and RTDs. 

To close out the post-holiday week, we got a round with Asbury Park Brewery founder Bob McLynn, who dished on the similarities between the music and craft beer industries, traveling Germany with his band, and rebooting the brewery’s taproom after a nearly four-year hiatus. 

Need a recap with more GIFs and jokes? We have you covered with Sean McNulty’s Insider’s Week in Beer newsletter. 

Save the Date

🌴 Brewbound Live December 11-12: Russian River, Deschutes, NBWA, Draftline & More

🌴 Brewbound Live December 11-12: Russian River, Deschutes, NBWA, Draftline & More

The Brewbound Live business conference returns December 11 and 12 in Marina del Rey, California.

Brewbound Live will feature beverage-alcohol industry leaders taking part in business-focused conversations, data presentations, networking and much more across two days at the Marina del Rey Marriott.

Speakers for this year’s conference include:

  • Russian River co-owner Natalie Cilurzo;
  • Deschutes Brewery CEO Peter Skrbek;
  • National Beer Wholesalers Association chief economist and VP of analytics Lester Jones;
  • Draftline Technologies founder and president Jennifer Hauke
  • Gulf Distributing senior VP of legal and government affairs Rebecca Maisel
  • 3 Tier Beverages consultant Mary Mills
  • NIQ director of thought leadership for bev-alc Kaleigh Theriault
  • Bump Williams Consulting VP of business development BK Krueger
  • Full Circle Brewing owner Arthur Moye.

Additional speakers will be announced in the coming weeks.

Register for Brewbound Live 2024.

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    July 15, 2024 3:22pm

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