Adapting to the Future: How Craft Beer Brewers Can Thrive Amid Evolving Consumer Trends in 2024
A 2024 Harris Poll, conducted in partnership with the Brewers Association (BA), has provided a comprehensive overview of the evolving dynamics within the craft beer industry. This survey, an annual fixture, is a key resource for understanding the preferences, behaviors, and trends among craft beer consumers. The 2024 findings offer crucial insights into the state of the industry, revealing significant shifts that could shape the future of craft beer.
The Emergence of Cross-Drinkers: A New Normal
One of the most striking revelations from the 2024 survey is the rise of “cross-drinkers.” Historically, alcohol consumers tended to be loyal to a specific category—whether beer, wine, or spirits. However, this once-rigid loyalty has been dissolving over the past two decades, and the trend has accelerated significantly in recent years. Today, a growing number of consumers regularly switch between different types of alcoholic beverages depending on the occasion.
This shift has profound implications for the craft beer industry. The increased flexibility in drink choices means that consumers who might have once exclusively chosen craft beer are now spreading their consumption across multiple categories. This diversification is particularly evident among younger drinkers, who are less inclined to confine themselves to a single type of alcohol. The emergence of cross-drinkers has led to a more competitive market where craft beer must vie not just with other beer brands, but with wine, spirits, and even non-alcoholic options (ProBrewer).
For craft brewers, this trend underscores the need for innovation and versatility. To retain the interest of cross-drinkers, breweries are expanding their product lines to include a variety of beverage options, including hard seltzers, ciders, and even non-alcoholic beers. This diversification strategy is aimed at capturing a broader audience and keeping pace with the shifting preferences of consumers.
Decreased Frequency of Craft Beer Consumption: A Cause for Concern
While the number of craft beer consumers continues to grow, the frequency with which they consume craft beer is on the decline. The 2024 Harris Poll reveals a notable drop in regular craft beer consumption. In 2015, a robust 81% of craft beer drinkers reported consuming craft beer several times a month or more often. Fast forward to 2024, and that figure has plummeted to just 62% (Brewbound).
This decline is part of a broader trend in alcohol consumption, as more consumers adopt a mindful approach to drinking. Health consciousness is on the rise, with many people opting to drink less frequently or choosing lower-alcohol and non-alcoholic alternatives. The “sober curious” movement, which encourages people to reduce their alcohol intake or abstain altogether, is gaining traction, particularly among younger demographics. This movement is contributing to the reduced frequency of craft beer consumption.
For the craft beer industry, this trend presents both challenges and opportunities. On the one hand, lower consumption rates could impact overall sales and profitability. On the other hand, the growing interest in health and wellness offers an avenue for innovation. Many breweries are responding by developing lower-calorie, lower-alcohol, and non-alcoholic beer options. These products cater to health-conscious consumers who still want to enjoy the taste and experience of craft beer without the associated alcohol content.
Flavor Preferences: The Key to Consumer Loyalty
Despite the shifts in consumption habits, one factor remains paramount in the decision-making process of craft beer drinkers: flavor. The 2024 survey underscores the importance of flavor in driving consumer choices, with 92% of respondents citing it as the primary factor influencing their drinking decisions (ProBrewer) (Brewbound).
This emphasis on flavor is particularly pronounced in the craft beer segment, where consumers have come to expect a wide variety of bold and unique taste profiles. The survey reveals that certain flavor profiles are currently trending among craft beer drinkers. Beers that are crisp, juicy, hazy, or fruity are in high demand, while those with tart, spicy, or dark flavors are less popular. This trend reflects broader shifts in consumer preferences, where light, refreshing, and approachable flavors are favored over more intense and challenging ones.
For craft brewers, these insights into flavor preferences are invaluable. To remain competitive, breweries must continuously innovate and experiment with new flavor combinations that align with consumer desires. This might involve developing new styles of beer, such as hazy IPAs or fruit-infused ales, or refining existing recipes to enhance their appeal. Additionally, brewers can leverage the growing interest in seasonal and limited-edition releases to keep consumers engaged and excited about their products.
Navigating the Future: Strategies for Success
The 2024 Harris Poll results highlight the evolving landscape of the craft beer industry, where changing consumer behaviors and preferences are reshaping the market. For brewers, staying ahead of these trends is critical to long-term success. Here are three key takeaways from the survey that can guide strategic decision-making:
- Embrace Product Diversification: With the rise of cross-drinkers, breweries should consider expanding their product portfolios beyond traditional beer offerings. This could include the introduction of hard seltzers, ciders, and non-alcoholic beverages to attract a broader audience.
- Cater to Health-Conscious Consumers: As more people adopt mindful drinking habits, breweries should innovate in the areas of low-alcohol, low-calorie, and non-alcoholic beers. These products not only cater to health-conscious consumers but also help maintain brand loyalty among those who are drinking less frequently.
- Focus on Flavor Innovation: Flavor remains the most important factor for craft beer consumers. Brewers should prioritize the development of new and exciting flavor profiles that align with current trends, such as hazy, juicy, and fruity beers. Additionally, seasonal and limited-edition releases can help maintain consumer interest and drive sales.
In conclusion, the 2024 Harris Poll provides a wealth of insights into the current state of the craft beer industry. As consumer preferences continue to evolve, brewers must be agile and responsive to these changes. By embracing diversification, catering to health-conscious drinkers, and focusing on flavor innovation, breweries can navigate the challenges of the modern market and secure their place in the future of craft beer. The data from this survey serves as a roadmap for the industry, guiding brewers toward strategies that will resonate with today’s consumers and drive the growth of the craft beer market in the years to come (ProBrewer) (Brewbound).
Beer CPA – “We Give Craft Breweries More Freedom and Peace of Mind”
A Craft Brewery CPA Firm that’s Tech Savvy, Responsive, and Business Smart.