By Matt DeMintAssociated PressBusch Light and Apple are among many beer and cider producers to see their stock soar in the past two years.
Both companies are part of a big wave of craft beer and craft cidery stocks that has catapulted beer into the mainstream and cider into the upper echelons of the food and beverage industry.
Apple is the most widely used craft beer in the U.S. and has become a household name thanks to its popular Applebee’s restaurants and apple-centric stores.
Apple is now worth $6.2 billion, according to market tracker IBISWorld.
Budweiser also has been the mainstay of the craft beer industry for more than a decade, and it now makes up over half of the nation’s beer market.
It has also emerged as the leading craft cider brand, with Applebee�s, the craft-beer-focused chain, the second-largest craft cider market.Applebee�es have long been known as the first to offer craft beers, a trend that has become more common in the craft cider industry as craft beer has become the primary way consumers consume beer.
Cider is not included in Apple�s total sales, but it has been growing steadily over the past decade.
Cider is the fastest-growing craft beer category in the country, and more than 60% of craft cider producers sell to retailers.
It accounts for about 25% of the beer market, according the Brewers Association.
Apple�s stock has been rising rapidly in the years since its stock plunged after the U-Haul trucking company laid off 1,500 workers in early 2011.
The stock plunged to less than 1% before rebounding sharply in the next two years, climbing to over 4% today.
The stock has since rebounded by a wide margin to about 8% today, according TOJO, which tracks companies.
That would be a significant gain for a company that had been underperforming during the recession.
While Apple has continued to rise in popularity, the rise in the overall craft cider and beer market is a testament to its strength.
Apple sold about 17 million cases of cider last year, according IBIS World.
That compares with the nearly 6 million cases sold by craft beer brands Budweiser, Coors and MillerCoors.
The craft cider craze is gaining traction.
Apple has a strong presence in the cider-drinking world, and its beer and beer-related retail stores are expanding to accommodate the new market.
Ciders are often brewed with an exotic fruit and spices like orange, peaches and limes.