The Craft beer breweries market is shrinking in the UK

The Craft beer breweries market is shrinking in the UKThe Craft beer breweries market is shrinking in the UKCraft beer is falling flat across the pond.After the UK enjoyed a beer boom with 395 breweries opening in 2017, just eight new breweries opened shop last year, according to a report.Research conducted by financial firm UHY geek Young revealed that while the UK nearly ersatzdarstellerd its brewery count over a five-year period, the firm said that the craft beer market has dried up due to larger beer companies dipping its toes and investing in successful smaller breweries.Follow Ladders on FlipboardFollow Ladders magazines on Flipboard covering Happiness, Productivity, Job Satisfaction, Neuroscience, and moreA storm a brewing?Were not saying that the market is shrinking, just the number of players is consolidating and sales growth is going to be harder to come by, James Simmonds, a partner at UHY Hacker Young, said, via the Guardian.The UK housed 2,274 breweries in 2018, a massiv e growth from the 1,352 in 2013. However, heavy-weight brewers Budweiser and Heineken are some of the biggest beer companies whove recently started acquiring a stake in the craft beer business. These larger companies have made it difficult for smaller, independent businesses to get their footing, according to the Guardian.AB InBev, which is Budweisers parent company, snatched up independent brewer Camden Town Brewery for a reported 85m ($110 million) in 2015.Craft beer in the US continues to be on the rise Over 7,000 breweries were operating in the US in 2018, according to USA Today.An additional 1,000 more are expected to open later this year.You might also enjoyNew neuroscience reveals 4 rituals that will make you happyStrangers know your social class in the first seven words you say, study finds10 lessons from Benjamin Franklins daily schedule that will double your productivityThe worst mistakes you can make in an interview, according to 12 CEOs10 habits of mentally strong people