The craft beer market, a dynamic and flourishing segment within the broader beer market, is on track for remarkable expansion over the next decade. Forecasts predict a robust compound annual growth rate (CAGR) of 6.9%, propelling the craft beer market to an impressive valuation of $174.68 billion by 2032. This anticipated growth underscores the rising…
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Craft brewers in Ontario are facing challenges in a saturated market, but are there potential opportunities resulting from the LCBO strike? Have a watch of a short interview below: https://www.youtube.com/watch?v=adOokVlQFqo&ab_channel=CP24 SOURCE: CP24PHOTO/VIDEO CREDIT: CP24
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Investment aims to fuel long-term growth to meet rising consumer demand for non-alcoholic beer Athletic Brewing Company, America’s largest non-alcoholic brewery, announced it has closed a $50 million equity financing round led by General Atlantic, a leading global growth investor, with participation from multiple existing investors. Athletic plans to use the new capital to drive…
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Ontario also making regulatory changes to cut red tape for alcohol sales in bars, restaurants and grocery stores As the next step in the government’s plan to give people in Ontario more choice and convenience, licensed grocery stores will be able to order ready-to-drink beverages and large beer pack sizes starting Thursday, July 18,…
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Avatar Leadership Fund has invested $800K in CO2Brew, a Calgary-based startup focused on emissions reductions and supply chain resilience in the brewing industry. The funding round was led by Avatar and several Canadian angel investors. CO2Brew, spun out of Avatar Studio in 2022, is working on commercializing its proprietary CO2 capture and scrubber system. The…
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A&W Canada is partnering with Canada’s largest brewer, Labatt Breweries of Canada, to pilot serving a non-alcoholic beer in its Ontario restaurants. This collaboration makes A&W the largest Canadian quick-service restaurant that will offer beverages in the non-alcoholic beer category to its guests, highlighting the growing trend and popularity of this category and catering to…
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The Brewers Association (BA)—the not-for-profit trade association dedicated to advocating for small and independent American craft brewers—announced the retirement of president and CEO Bob Pease. After 32 years with the Brewers Association, Pease will step down in early 2025 once his successor is in place. “After careful consideration, I believe it is time to help…
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Tilray Brands, Inc. (“Tilray Brands” or “Tilray”) (Nasdaq | TSX: TLRY), a leading global lifestyle and consumer packaged goods company inspiring and empowering the worldwide community to live their very best life, announced the launch of Runner’s High Brewing Company, a new non-alcoholic brand from Tilray Beverages. For those who love a great beer flavor…
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The latest report by IMARC Group, titled “Craft Beer Market: Global Industry Trends, Share, Size, Growth, Opportunity, and Forecast 2024-2032,” offers a comprehensive analysis of the craft beer market overview. The report also includes competitor and regional analysis, along with a breakdown of segments within the industry. The global craft beer market size reached US$…
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Nova Scotians bought more legal cannabis last year than the previous year, continuing an upward trend since the drug was legalized nearly six years ago. The Nova Scotia Liquor Corp., the provincial Crown corporation controlling all sales of liquor and legal recreational cannabis in the province, released its year-end financial results last month, showing cannabis…
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