Daily Brew Dec 14, 2022
Budweiser is making a big push into non-alcoholic beer
Budweiser is setting its sights on being the “King of Non-Alcoholic Beers,” according to one beverage analyst. “Alcohol-free beer is a key growth segment, with the company continuing to invest behind growth of Budweiser Zero as well as opening the platform for craft breweries as well,” Evercore ISI’s Robert Ottenstein wrote in a new note. Ottenstein shared observations from a Beverage Digest presentation he attended last week, where AB-InBev management discussed major growth drivers such as non-alcoholic beer and hard seltzers.