In many respects, Michelob Ultra is the little beer that could. Turns out, little beers may be the only thing Americans want to drink anymore.
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Last year marked the first time in two decades that brewery closures outpaced openings, a trend that only continued into 2025.
Sales, meanwhile, are a soarin’ at Michelob Ultra, now the country’s top beer brand (recently taking down Modelo Especial).
Moderate drinking has struck such a chord that even NAs are popping off; in fact, it’s one of the industry’s few growth areas, with AB InBev projecting a $2 billion market in the next five years.
Enter Michelob Ultra Zero, the fuel on the fire.


