Athletic Brewing Company Named Fastest-Growing US Beverage Manufacturer by Inc. Magazine
August 17, 2022
Leading non-alcoholic brewer is ranked No. 26 on the 2022 Inc. 5000 List with three-year revenue growth of 13,071%
MILFORD, Conn. and SAN DIEGO, August 17, 2022/OUTDOOR SPORTSWIRE/ – Athletic Brewing Company, America’s leading non-alcoholic craft brewer, has been named the 26th fastest-growing private company in America by Inc. Magazine.
With an astounding growth rate of 13,071% between 2018 and 2021, Athletic Brewing also earned the distinction of being the fastest-growing beverage manufacturer in the U.S. and the top-ranked company in Connecticut. The median growth of all companies on the 2022 list was 230%.
“Being ranked no. 26 out of 5000 companies is truly an honor and something that seemed unthinkable just a few years ago,” said Athletic Brewing founder and CEO Bill Shufelt. “Nearly two-thirds of Americans do not drink or have less than one alcoholic beverage per week. From day one, we’ve always believed that consumers want to enjoy great-tasting beer without the hangover, and that’s what drives us to continue expanding and innovating.”
Founded in Stratford, Connecticut by Shufelt and John Walker in 2017, Athletic Brewing grew from just 12,000 cases in 2018 to more than 1.4 million cases in 2021. The company recently opened the world’s largest non-alcoholic brewery – a 150,000 sq. ft. facility in Milford, Conn. that will eventually be capable of producing more than 6 million cases annually.
Earlier this year, Athletic was named to TIME’s “100 Most Influential Companies of 2022” and Ad Age’s “Top 20 Hottest Brands of 2022” lists. In addition to winning over five dozen international brewing awards for taste and quality since 2018, Athletic recently achieved Certified B Corporation status and was ranked as the 27th largest craft brewery in the U.S., out of more than 9,000, by the Brewers Association.
“2022 is off to an incredible start, and our beers will be distributed in all 50 states before the end of the year,” added Shufelt. “Global non-alcoholic beer sales are forecasted to grow from $16 billion to more than $23 billion by 2025, and we’re proud to be leading that effort here in America, driving 40% of all non-alcoholic beer category growth in 2022.”
Athletic is profiled alongside all 5,000 honorees on Inc.com and featured with the top 500 companies in the September issue of Inc. Magazine.
Inc. introduced its prestigious list of the 500 fastest-growing private companies in the U.S. in 1982, expanding it to 5000 in 2007. Companies are ranked by overall revenue growth over a three-year period. To qualify for this year’s list, companies must have been founded and generating revenue by March 31, 2018. The minimum revenue required for 2018 was $100,000 and $2 million for 2021.
To view all results of the 2022 Inc. 5000, including company profiles and an interactive database, visit http://www.inc.com/inc5000.
Press Contact: Morgan Williams | Morgan@OutsidePR.com | 724-388-7167
About Athletic Brewing
Named as TIME’s “100 Most Influential Companies of 2022”, Fast Company’s “Brands That Matter” in 2021, and to Adage’s Top 20 Hottest Brands of 2022 list, as well as taking home Gold & Silver in the 2022 US Open of Beer Championships, Athletic Brewing Company is reimagining beer for the modern adult. Its great-tasting craft brews provide a refreshing taste of craft beer, without the alcohol or the hangover. With custom breweries on the east and west coasts, its lineup has earned accolades throughout the industry, even against full-strength beers, including the 2021 US Open Beer Awards Gold medal for Run Wild. Additionally, Athletic Brewing’s “Two for the Trails” initiative donates 2% of all sales to trail and park cleanups and maintenance. Plus, as a part of its IMPACT Program, 1% of revenue goes to non-profit organizations that support positive impact and opportunity from the ground up in its communities. As of 2022, Athletic Brewing is proudly a Certified B Corporation™. Its full portfolio of flagships, seasonal, and specialty brews is available for purchase on the website, www.athleticbrewing.com, as well as the company’s hop-infused sparkling water, DayPack, and subscription offering – The Athletic Club.