Narragansett Brewery is #32 Largest Craft Brewery in America, According to New Ranking
Sunday, April 10, 2022
Narragansett Brewery Company is ranked one of the largest craft brewers and as well as one of the largest overall brewers in America — according to the new rankings of the Brewers Association (BA).
BA is the trade association representing small and independent American craft brewers and last week released its annual production figures for the U.S. craft brewing industry. In 2021, small and independent brewers collectively produced 24.8 million barrels of beer and realized 8% growth, increasing craft’s overall beer market share by volume to 13.1%, up from 12.2% the previous year.
Narragansett Brewery was ranked the 32 largest craft and the 41 largest brewer overall. They are the only Rhode Island brewer to make either list.
GET THE LATEST BREAKING NEWS HERE -- SIGN UP FOR GOLOCAL FREE DAILY EBLASTThe overall beer market grew 1% by volume in 2021. The retail dollar value was estimated at $26.9 billion, representing 26.8% market share and 21% growth over 2020. This growth is stronger than volume primarily due to the channel shift back to on-premise, which has a higher average retail value. Craft brewers provided more than 172,643 direct jobs, a 25% increase from 2020.
“Craft brewer sales rebounded in 2021, lifted by the return of draught and at-the-brewery traffic,” said Bart Watson, chief economist, Brewers Association.
“However, the mixed performance across business models and geographies as well as production levels that still lag 2019 suggest that many breweries remain in recovery mode. Add in continuing supply chain and pricing challenges, and 2022 will be a critical year for many brewers.”
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