When Brewers Association (BA) staff economist Matt Gacioch is asked whether craft brewers are optimistic or pessimistic, his response is “brewers are realistic.”
“They are understanding that this is a new environment that they are operating in,” Gacioch said during the latest edition of the Brewbound Podcast. “Mid-April 2025 is very different than mid-April 2015.”
Gacioch, who is in his first year as a full-time employee of the BA, described a maturing and challenging craft beer market for a variety of factors, from consumer consumption shifts to increased competition and variety to economic pressures and tariffs.
“The way that consumers and markets don’t like uncertainty, small business owners really don’t like uncertainty,” he said. “That is the environment that we’re in right now. There’s a lot of products that go into beer making and [the] operating of a brewery [that] can be bought from within the U.S., but the supply chain is so complex and so global that certain tariffs are going to have an impact on pricing of brewery inputs.
“So not being able to plan too far into the future because of how things have been changing so quickly has made it really tough for brewery owners to make great beer and feel like they can make a solid business plan for the year and years ahead,” he continued.
Which brings us to the 2025 edition of the Craft Brewers Conference taking place in Indianapolis next week (April 28-May 1). Gacioch anticipates that many of the conversations inside and outside of the Indiana Convention Center will center on those factors and strategies for pushing forward, including his own seminar (1:15 p.m. ET Tuesday, April 29) discussing case studies from breweries who tapped into growth drivers in 2024.
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