BrewBilt – The Best in Brewing Equipment is Making Big Moves

Rhea-AI Summary

BrewBilt Manufacturing Inc. (OTCPINK: BBRW) announces a promising outlook for the brewery equipment industry, projected to reach $25.6 billion by 2027. In 2021, craft beer retail dollar sales surged to $26.8 billion, accounting for nearly 27% of the U.S. beer market valued at $94 billion. With the rise of craft brewing, the demand for high-quality brewing equipment is increasing. BrewBilt, known for its custom breweries since 2014, is well-positioned to meet this demand, benefiting from a strong reputation within the craft community. CEO Jef Lewis highlighted a significant 8% increase in craft brewer volume sales in 2021, indicating a thriving market.

Positive

• BrewBilt is positioned to capitalize on a projected $25.6 billion brewery equipment market by 2027.
• Craft beer sales reached $26.8 billion in 2021, indicating strong consumer demand.
• BBRW has a solid reputation in the craft brewing community, which can drive sales.

Negative

• None.

GRASS VALLEY, CA, Feb. 27, 2023 (GLOBE NEWSWIRE) -- via NewMediaWire -- Today BrewBilt Manufacturing Inc. (the "Company") (OTCPINK: BBRW), announces that the brewery equipment Industry is projected to reach $25.6 Billion by 2027. Retail dollar sales of craft beer have also increased, reaching a staggering $26.8 billion in 2021. That accounts for nearly 27% of the entire U.S. beer market, which was previously valued at $94 billion. This all leads to a growing need for brewing equipment.

According to reports by SRAX Inc., BrewBilt Manufacturing is a respected company that has been handcrafting custom breweries and fermentation systems since 2014. With the rise of craft brewing, it’s imperative that brewers have the best equipment, from trusted suppliers. BBRW fills that role, by providing equipment made by brewers, for brewers.

Jef Lewis, CEO, stated: “The past year has seen an increase in overall beer volume sales, with a particularly strong growth in craft brewer volume sales. In 2021, craft brewers saw an 8% increase in volume sales, leading to a 13.1% share of the U.S. beer market by volume. But it's not just volume that's on the rise - retail dollar sales of craft beer have also increased, reaching a staggering $26.8 billion in 2021. That accounts for nearly 27% of the entire U.S. beer market, which was previously valued at $94 billion.”

The SRAX report included that as craft brewers grow, they’ll need a trusted, quality source for more equipment. BBRW is perfectly positioned to capitalize on this trend. This goodwill can’t be discounted, as the craft community is tight-knit and a good reputation is key. With the successful launch of BrewBilt Brewing, it’s clear that the locals approve of the quality of beer, as well as the quality of the company’s character. People buy from those they know, like, and trust, and BBRW is that brand.

Watch this video to learn what BrewBilt customers say about our equipment:

https://www.youtube.com/watch?v=vi-r0cIsH_U

Follow us on Twitter (@BrewBilt) and Instagram (@BrewBilt_Mfg)

ABOUT BREWBILT MANUFACTURING COMPANY: (http://www.brewbilt.com)

BrewBilt is one of the only California companies that designs and manufactures custom brewing and fermentation equipment for craft brewers dedicated to making excellent beer. BrewBilt brew houses and tanks are fabricated by highly skilled local welders using best-in-class American stainless steel. Whether you're adding cellar tanks, starting a neighborhood brewpub, or expanding a regional microbrewery, look to BrewBilt to design a solution just for you.

FORWARD-LOOKING STATEMENTS: This press release contains forward-looking statements. Forward-looking statements provide current expectations or forecasts of future events and are not guarantees of future performance, nor should they be relied upon as representing management's views as of any subsequent date. The forward-looking statements are based on management's expectations and are subject to a number of risks and uncertainties. Although management believes that the expectations reflected in such forward-looking statements are reasonable, actual results may differ materially from those expressed or implied in such statements. Risks and uncertainties that could cause actual results to differ materially include, without limitation, the Company's ability to effectively execute its business plans; unforeseen construction delays; the Company's need for additional capital; changes in general economic and financial market conditions; changes in the competitive environment; litigation; losses, customer bankruptcy, claims and assessments; and regulatory or legislative requirements affecting the Company's business. Management may elect to update forward-looking statements at some future point; however, it specifically disclaims any obligation to do so.

Contact:
Jef Lewis, Chairman and CEO
BrewBilt Manufacturing Inc. - BBRW
(530) 802-5023
Info@BrewBilt.com

Source: BrewBilt Manufacturing Inc.

FAQ

What is the forecast for the brewery equipment industry?

The brewery equipment industry is projected to reach $25.6 billion by 2027.

How much did craft beer retail sales reach in 2021?

Craft beer retail dollar sales reached $26.8 billion in 2021.

What percentage of the U.S. beer market do craft beers represent?

Craft beers accounted for nearly 27% of the entire U.S. beer market in 2021.

What is BrewBilt Manufacturing's stock symbol?

BrewBilt Manufacturing's stock symbol is BBRW.

What growth did craft brewers see in volume sales in 2021?

Craft brewers saw an 8% increase in volume sales in 2021.