FDBusiness.com

The Impact of Craft Beer on the Irish Economy

 Breaking News
  • PepsiCo Elects CEO Ramon Laguarta as Chairman PepsiCo’s board of directors has unanimously elected Ramon Laguarta as the company’s Chairman, succeeding Indra K. Nooyi who announced in August 2018 her intention to step down as PepsiCo CEO effective October 3, 2018 and remain Chairman until early 2019 to ensure a smooth and seamless transition. The appointment is effective when Chairman Nooyi retires from the company [...]...
  • Visitors to Irish Whiskey Distilleries Up 13% in 2018 The Irish Whiskey Association (IWA) has published statistics which show that there were 923,000 visitors to Irish whiskey distilleries in 2018. This marks a 13.4% increase on 2017, when visitor numbers reached 814,000. The figures are based on returns from 13 Irish whiskey distillery visitor centres and brand homes located across the island of Ireland. Overseas [...]...
  • Mintel Delivers Ground-breaking Patent Analysis Through New Partnership Mintel, the world’s leading market intelligence agency, now has access to the most advanced patent analysis available in the food & drink and beauty & personal care industries, through its new partnership with Cipher. As the world’s most sophisticated patent analysis system, Cipher harnesses artificial intelligence (AI) to analyse patents globally. The partnership will provide Mintel’s [...]...
  • Resilient Performance by Irish Food and Drink Exports in 2018 Despite a year of unprecedented global volatility, involving political uncertainty, extreme weather events and continuing currency fluctuations impacting competitiveness, the value of Irish food, drink and horticulture exports reached €12.1 billion in 2018, down just 4% from a record high in 2017, according to Bord Bia’s Export Performance and Prospects 2018/2019 report. 2019 marked the [...]...
  • UK’s Largest Packaging Show Welcomes Global Brands to Seminar Programme Coca-Cola, Marks & Spencer, Iceland and Innocent Drinks are just some of the major names taking to the stage as part of Packaging Innovations, Label&Print and Empack 2019’s exclusive seminar programme. The UK’s largest annual event for the whole packaging supply chain, which returns to Birmingham’s NEC on 27 & 28 February 2019, will host [...]...

The Impact of Craft Beer on the Irish Economy

The Impact of Craft Beer on the Irish Economy
August 31
09:04 2015

The Independent Craft Brewers of Ireland, in association with Bord Bia (Irish Food Board), has launched its second report on the impact of Irish craft beer on the Irish economy. The 2015 edition reports strong continuous growth within the Irish craft beer market both domestically and internationally. Economist Bernard Feeney also explores the potential future growth expectations of the market by drawing comparisons with more matured international counterparts.

“Since 2011, Irish microbreweries’ output has risen more than threefold and given the influx of new firms in 2014 and the industry’s expansion plans, output is expected to rise substantially again this year,” points out Bord Bia’s Karen Tyner. “The craft beer market accounts for just 1.2% of total Irish beer production and based on current trends and growth forecasts, it is likely to increase to reach 3.3% over the next two years, providing a really positive outlook for the industry.”

Key findings from this research include:

* There are 63 microbreweries operating in Ireland, of which 48 are production microbreweries and 15 are contracting companies. There has been a 50% increase in the number of production microbreweries from 32 in mid-2014 to 48 in mid-2015. As many as 22 new production microbreweries commenced production in 2014. By end year 2015, the total number of production microbreweries may have risen to approximately 58.

* The output of craft beer by production microbreweries amounted to some 86,000 hl in 2014.  This *represents a 71% increase on the 2013 figure of 49,000hl. Between 2011 and 2014, the output of production microbreweries rose by more than threefold. Given the influx of new firms in 2014 and capacity expansion among older firms, output is expected to rise substantially in 2015 to 145,000hl, an increase of over 70%. Microbreweries are forecasting a further 64% increase in output to 241,000hl in 2016.

* Of the total microbrewery production of 86,000 hl in 2014, an estimated 21,400hl was exported, representing almost 25 % of the total. This is an almost doubling of export volumes since 2013. Some two-thirds of microbreweries are already exporting, albeit many of them on a small scale as yet. On average, microbreweries are targeting an export share of almost 50% of total production.

* Given the growth in microbrewery production to 86,000hl in 2014, the share of craft beer in total beer production was 1.2% in 2014. With the current and anticipated trends in craft beer production, the Irish craft beer market share is likely to reach 2.0% and 3.3% in 2015 and 2016 respectively. The turnover of craft beer producers in 2014 is estimated at €23m and at a projected €39.6m for 2015. Five microbreweries had a turnover of more than €1m in 2014.

About Author

mike

mike

Related Articles



Food & Drink Business Conference & Exhibition 2016

Upcoming Events

  • June 18, 2019Multimodal 2019
AEC v1.0.4

find food jobs

The Magazine

F&D Business Preferred Suppliers

New Subscriber

Subscribe Here



Advertisements