"Colorado is home to 456 craft breweries down from a peak of 468 in 2023 ranking fourth nationwide in 2024, according to the Brewers Association (BA), which hosts GABF. Those breweries produced a combined 779,338 barrels of beer and generated $2.5 billion in economic impact for the state, according to BA data. Closings accelerated in 2024, when there were 41 compared to 35 in 2023."
"Last month, 10-year-old Call To Arms Brewing announced plans to close in December, citing declining alcohol consumption, the COVID-19 pandemic and rising costs among reasons driving the decision. Co-founder Chris Bell told KDVR that 2024 was the brewery's highest grossing year ever, but skyrocketing expenses in labor and property taxes, among other things, could not offset increased revenue."
Colorado hosted 456 craft breweries in 2024, down from a 2023 peak of 468, producing 779,338 barrels and generating $2.5 billion in economic impact. Closings accelerated to 41 in 2024 compared with 35 in 2023, and 140 breweries have closed since 2020. Closures are concentrated in Denver, which nonetheless has more breweries than other regions. Key pressures include declining alcohol consumption, COVID-19 impacts, rising labor and property costs, and waning consumer demand. National craft volume fell 4% in 2024. Colorado breweries are increasingly pursuing partnerships and consolidation to share resources and capacity.
Read at www.brewbound.com
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