quality:correction
Brewing industry

The history of breweries in the 21st century has included larger breweries absorbing smaller breweries in order to ensure economy of scale. In 2002, South African Breweries bought the North American Miller Brewing Company to found SABMiller, becoming the second-largest brewery after North American Anheuser-Busch. In 2004, the Belgian Interbrew was the third-largest brewery by volume, and the Brazilian AmBev was the fifth-largest. They merged into InBev, becoming the largest brewery. In 2007, SABMiller surpassed InBev and Anheuser-Busch when it acquired Royal Grolsch, the brewer of Dutch brand Grolsch. In 2008, when InBev (the second-largest) bought Anheuser-Busch (the third-largest), the new Anheuser-Busch InBev company became again the largest brewer in the world.

As of 2020, according to the market research firm Technavio, AB InBev remains the largest brewing company in the world, with Heineken second, CR Snow third, Carlsberg fourth, and Molson Coors fifth.

A microbrewery, or craft brewery, produces a limited amount of beer. The maximum amount of beer a brewery can produce and still be classed as a 'microbrewery' varies by region and by authority; in the US, it is 15,000 US beer barrels (1.8 megalitres; 390 thousand imperial gallons; 460 thousand US gallons) a year. A brewpub is a type of microbrewery that incorporates a pub or other drinking establishment. The highest density of breweries in the world, most of them microbreweries, exists in Franconia, Germany, especially in the district of Upper Franconia, which has about 200 breweries. The Benedictine Weihenstephan brewery in Bavaria, Germany, can trace its roots to the year 768, as a document from that year refers to a hop garden in the area paying a tithe to the monastery. The brewery was licensed by the City of Freising in 1040 and is therefore the oldest working brewery in the world.