A famous bar stool philosopher once called beer “the solution to, and the cause of, all of life’s problems.” Homer Simpson may not have been referring to the recent economic downtown, but when it comes to providing a beacon of hope that more positive times are ahead, the craft beer industry is certainly doing its part.
At time when beer sales as a whole are declining, craft beer sales are surging. According to the Brewers Association, the craft brewing industry grew 9 percent by volume and 12 percentby retail sales in the first half of 2010. The overall beer market saw a decline of nearly 3 percent by volume during the same period.
This continues a trend established in 2009, when craft beer grew 7.2 percent by volume and 10.3 percent by dollars, against a decline of 2.2 percent in volume of the overall beer market.
"I knock on wood everyday because it's an amazing growth spurt we're having right now" says Brooklyn Brewery Founder and President Steve Hindy. His brewery is up 25 percent by volume the first 6 months of this year.