RiverWalk Brewing Co. of Newburyport, MA was named one of
the fastest growing small and independent craft breweries of 2018 by the
Brewers Association (BA)—the not-for-profit trade group representing small and independent craft brewers.
“It’s amazing to look back and think we started brewing in a 3-gallon pot in
our garage along the Riverwalk Trail” says Steve Sanderson, owner of RiverWalk Brewing. “We are definitely excited for what is yet to come”.
The second edition of this annual list offers insight into the depth and diversity of growth within the craft brewing industry. RiverWalk was ranked 27 among 50 small and independent breweries from across 27 states. In 2018 RiverWalk expanded distribution of its beer to Maine, New Hampshire, the South Shore of Massachusetts, Cape Cod and the Islands helping fuel growth.
Median growth from all the breweries on the list was 163 percent with the
median size being 1,350 barrels of in-house production in 2018. Breweries on the list range from 50 barrels to more than 40,000 and grew from less than 70,000 barrels collectively in 2017 to more than 170,000 barrels in 2018. As a group, these brewing companies represent approximately 10 percent of total craft growth by volume for the year, and include 13 brewpubs, 35 microbreweries and two regional craft breweries.
“Even as market competition continues to increase, these small and independent breweries and brewpubs demonstrate there are still growth opportunities across a diverse set of regions and business models,” said Bart Watson, chief economist, Brewers Association.