Legal Blog

Read & Share: COVID-19 Had Mixed Fortunes For The U.S. Craft Beer Industry

With draught beer off the menu in many parts of the United States, the pandemic has had a noticeable impact on the beer sector which contracted three percent between 2019 and 2020. The crisis has also resulted in the craft beer sector experiencing its first production decline in the modern era, though the state of the industry remains positive with the number of new breweries climbing to an all-time high. According to the latest Craft Brewing Industry Production Report from the Brewers Association, craft beer producers churned out 23.1 million barrels of beer in difficult circumstances in 2020, a nine percent decline in 2019. That saw craft’s share of the total beer market fall from 13.6 percent to 12.3 percent.

Revenue also fell noticeably with the $22.6 billion made last year down 22 percent in 2019. Despite falls in production and revenue that can be broadly attributed to a major decline in draught sales, the number of operating craft breweries continued to grow steadily, reaching a record 8,764 in 2020. That figure encompasses 1,854 microbreweries, 3,219 brewpubs, 3,471 taproom breweries, and 220 regional craft breweries. Somewhat surprisingly, only 346 breweries closed in 2020 while 716 new enterprises joined the market.




Do you want to vet a business opportunity? Is there an anticipated commercial dispute? Is a second legal opinion warranted? Grab 15 minutes with me, and I will work with you to understand your situation and provide my thoughts based upon successfully representing business owners for almost 25 years. You will receive a confirmation with a Teams Meeting invitation after you pick a time for our discussion. You can also reach out to me at


Have an interesting, fast fact for a business audience? Please send and share it with our 1,600+ subscribers. Click here to subscribe to Read & Share and receive fast facts delivered weekly.



Mike Mercurio | | 301-575-0332

Michael N. Mercurio is a leading attorney in the field of mergers and acquisitions (M&A). He serves as outside general counsel in buy-side and sell-side M&A, as well as in all business law and real estate law matters. As a strategic partner to firm clients, Mr. Mercurio regularly counsels entrepreneurial individuals and assorted entities on the many challenges, issues, and opportunities companies face throughout the business lifecycle—from start-up to eventual exit.







At Offit Kurman, we are our clients’ most trusted legal advisors, professionals who help maximize and protect business value and personal wealth. In every interaction, we focus on furthering our clients’ objectives and provide timely services and within budget, all while focusing on the clients’ interests and goals.

Offit Kurman is one of the fastest-growing, full-service law firms in the United States. With over 230 attorneys offering a comprehensive range of services in virtually every legal category, the firm is well-positioned to meet dynamic businesses’ needs, as well as the needs of the people who own and operate them. We also provide representation of individuals and families in diverse matters ranging from estate planning and asset protection to intellectual property structuring and entrepreneurial start-ups. Our International Group provides clients with a broad range of services for transactions and dispute representation for clients worldwide, including Europe, Canada, Asia, Latin America, the Middle East and Africa.

At Offit Kurman, we distinguish ourselves by the quality, breadth, and global reach of our legal services — as well as our unique operational structure, which encourages a culture of collaboration and entrepreneurialism. The same approach that makes our firm attractive to legal practitioners interested in representing clients in the middle market, also gives clients access to experienced counsel in almost every area of the law and in many jurisdictions in the U.S. and abroad

Subscribe and follow us on our Blog, and on Facebook, Twitter, Instagram, YouTube, and LinkedIn. You can also sign up to receive LawMatters, Offit Kurman’s monthly newsletter covering a diverse selection of legal and corporate thought leadership content.