Advertise with fastmoving.co.za
 
 

Inside London’s craft beer boom - UK
Inside London’s craft beer boom - UK

Inside London’s craft beer boom - UK

LIQUOR NEWS

IOL Business - Apr 4th 2016, 12:18

London - A growing national thirst for “craft” beers has prompted a surge in the number of new breweries opening in London, new figures released on Tuesday show. 

Thirty-six new breweries opened in the capital last year, a new record high and a 24 percent increase on the 29 that opened in 2014, according to the accountancy group UHY Hacker Young.

The rest of England saw a slowdown in the number of new breweries opening in 2015, with launches easing to 249 from 278 in 2014. However, despite the national decline, the total number of breweries in the UK stands close to an 80-year high at 1 424, according to the Campaign for Real Ale (CAMRA). The organisation also says that Britain now has more breweries per head than any other country in the world.

In addition, craft microbreweries - which make flavoursome ales and lagers from “natural” ingredients on a relatively small scale - are at the vanguard of that trend. “Craft beer has quickly become the drink of choice for pub-goers - especially in London which has cemented its position at the centre of the UK's craft beer industry,” said James Simmonds, a partner at UHY.

“It's not surprising that London has such a large amount of new micro-breweries, with the high numbers of young professionals working within the city.

“Because craft beer is viewed as a luxury good, customers are prepared to pay a higher price in comparison to other more commercially branded beers”.

Craft beers were originally associated with “hipster” parts of London such as Shoreditch and Hackney, but their appeal has now spread across the capital and also further afield in the UK.

The growing popularity of craft beers has caught the attention of the global brewing giants.

Last year, AB InBev bought out the Camden Town Brewery for around £85m and SAB Miller snapped up Camden's Greenwich-based craft rival Meantime for around £50m.

However, the takeovers have prompted some craft beer aficionados to worry about whether the quality of their preferred beverage will be maintained.

Other drinks giants are launching their own craft ranges to capitalise on the trend, with Carlsberg producing a “Crafted” range in 2004.

In Scotland 27 new breweries opened in 2015, up from 26 in 2014. Wales saw 17 new breweries open, up from 11 the year before. In Northern Ireland, there were six new ones.

Three of the new London breweries include the Long Arm Brewing Company in Ealing, the 40ft Brewery in Hackney and the Bullfinch Brewery in Lambeth. All were opened in 2015.From © Independent On-line 2016. All rights reserved. 

Read more about: sab | london | craft beer | camra | ab inbev

Related News

Distell and AB Inbev square off in booze showdown
13/09/2019 - 10:28
Exclusive branding arrangements with liquor outlets and agreements with sports stadiums took centre stage at Competition Tribunal hearings on Thursday, into Distell's accusation that Anheuser-Busch InBev (AB InBev) is contravening the conditions of its 2016 merger with SABMiller.

#WomensMonth: The art of brewing with a woman’s touch
19/08/2019 - 13:36
SAB which boasts 57% of women brewers in South Africa, believes Women’s Month provides the perfect opportunity for our country to reflect on how far we have come in changing the perception of women and beer. Since prehistoric times, the important responsibility of brewing beer was almost always undertaken by women in a community, but since the industrial revolution in the 18th Century, it has become more of a male-dominated industry. Now is the time for women to take their power back and reassume their rightful place as society’s leading brewmasters.

All women team brew special beer to celebrate Women's Month
05/08/2019 - 10:38
SAB will be launching BOLD BREW– a beer designed and brewed entirely by women– this limited edition small batch beer is exclusively available at the SAB World of Beer in Newtown, Johannesburg.

AB InBev rolls out blockchain solution to assist farmers
01/08/2019 - 14:16
Multinational brewing company AB InBev Africa is rolling out a blockchain solution to assist smallholder farmers in its supply chain.

AB InBev beats expectations as beer sales growth hits five-year high
25/07/2019 - 10:54
Anheuser-Busch InBev (AB InBev), the world’s largest brewer, beat earnings expectations in the second quarter after beer sales grew at their fastest pace in over five years, helped by increases in Latin America, Europe, and Africa.