Alcoholic Beverages Market in US by Product, Distribution Channel, and Packaging - Forecast and Analysis 2021-2025

  • Published: Apr 2021
  • Pages: 120
  • SKU: IRTNTR43902
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The alcoholic beverages market in the US has the potential to grow by USD 72.51 billion during 2021-2025, and the market’s growth momentum will accelerate at a CAGR of 4.87%.

This alcoholic beverages market research in the US report provides valuable insights on the post COVID-19 impact on the market, which will help companies evaluate their business approaches. Furthermore, this report extensively covers market segmentation by distribution channel (off-trade and on-trade), product (beer, spirits, and wine), and packaging (glass bottles, metal beverage cans, and other packaging materials). The alcoholic beverages market in the US report also offers information on several market vendors, including Anheuser Busch InBev SA/NV, Bacardi Ltd., Beam Suntory Inc., Brown-Forman Corp., Carlsberg Breweries AS, Constellation Brands Inc., Diageo Plc, Heineken NV, Molson Coors Beverage Co., and Pernod Ricard SA among others.

What will the Alcoholic Beverages Market Size in the US be in 2021?

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Alcoholic Beverages Market in the US: Key Drivers and Trends

Based on our research output, there has been a neutral impact on the market growth during and post COVID-19 era. The increased demand for craft drinks is notably driving the alcoholic beverages market growth in the US, although factors such as increasing cases of accidents due to driving under the influence of alcohol may impede market growth. To unlock information on the key market drivers and the COVID-19 pandemic impact on the alcoholic beverages industry in US get your FREE report sample now.

  • The popularity of craft beer and spirits is growing, especially among millennials and Gen-X consumers.
  • This can be attributed to factors such as their distinctive taste and rising demand for premium drinks.
  • The fresh ingredients such as vegetables, fruits, mixers, and premium spirits used in handcrafted cocktails give it a fresh taste and flavor.
  • The growing demand for craft drinks has encouraged market vendors to increase the number of craft breweries and distillers across the US.
  • Well-established players are also acquiring small craft breweries to increase their share in the craft drinks segment.
  • The new packaging formats will positively influence the growth of the market during the forecast period.
  • Packaging plays a crucial role in attracting consumers' attention along with increasing the shelf life of a product.
  • The ease of on-the-go consumption and lightweight nature of packaging formats such as tetra packs, PET bottles, bag-in-box, and metal cans makes them highly popular, especially among millennial consumers.
  • Several market vendors are offering their products in convenient packs and launching packages with new labeling to differentiate their products from competitors.

This alcoholic beverages market analysis in the US report also provides detailed information on other upcoming trends and challenges that will have a far-reaching effect on the market growth. Get detailed insights on the trends and challenges, which will help companies evaluate and develop growth strategies.

Who are the Major Alcoholic Beverages Market in the US Vendors?

The report analyzes the market’s competitive landscape and offers information on several market vendors, including:

 

  • Anheuser Busch InBev SA/NV
  • Bacardi Ltd.
  • Beam Suntory Inc.
  • Brown-Forman Corp.
  • Carlsberg Breweries AS
  • Constellation Brands Inc.
  • Diageo Plc
  • Heineken NV
  • Molson Coors Beverage Co.
  • Pernod Ricard SA

 

The alcoholic beverages market in the US is fragmented and the vendors are deploying growth strategies such as product innovation to compete in the market. Click here to uncover other successful business strategies deployed by the vendors. 

To make the most of the opportunities and recover from post COVID-19 impact, market vendors should focus more on the growth prospects in the fast-growing segments, while maintaining their positions in the slow-growing segments.

Download a free sample of the alcoholic beverages market forecast in the US report for insights on complete key vendor profiles. The profiles include information on the production, sustainability, and prospects of the leading companies. 

What are the Revenue-generating Product Segments in the Alcoholic Beverages Market in the US?

Alcoholic-Beverages-Market-In-US-Market-Share-by-Product-2020-2025

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Most beer companies are focusing on developing new varieties of drinks and adding new flavors to the existing products to retain their consumers and expand their share in the market. The market has been witnessing several M&A activities, which will likely help in its growth during the forecast period. The well-established players in the market are acquiring smaller craft breweries to strengthen their position in the craft beer segment. 

Fetch actionable market insights on post COVID-19 impact on each segment. This report provides an accurate prediction of the contribution of all the segments to the growth of the alcoholic beverages market size in the US.

 

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What are the Key Factors Covered in this Alcoholic Beverages Market in the US Report?

  • CAGR of the market during the forecast period 2021-2025
  • Detailed information on factors that will drive alcoholic beverages market growth in the US during the next five years
  • Precise estimation of the alcoholic beverages market size in the US and its contribution to the parent market
  • Accurate predictions on upcoming trends and changes in consumer behavior
  • The growth of the alcoholic beverages industry in the US 
  • A thorough analysis of the market’s competitive landscape and detailed information on vendors
  • Comprehensive details of factors that will challenge the growth of alcoholic beverages vendors in the US

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Research Framework

Technavio presents a detailed picture of the market by way of study, synthesis, and summation of data from multiple sources. The analysts have presented the various facets of the market with a particular focus on identifying the key industry influencers. The data thus presented is comprehensive, reliable, and the result of extensive research, both primary and secondary.

TechnavioINFORMATION SOURCES

Primary sources

  • Manufacturers and suppliers
  • Channel partners
  • Industry experts
  • Strategic decision makers

Secondary sources

  • Industry journals and periodicals
  • Government data
  • Financial reports of key industry players
  • Historical data
  • Press releases
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TechnavioDATA ANALYSIS

Data Synthesis

  • Collation of data
  • Estimation of key figures
  • Analysis of derived insights

Data Validation

  • Triangulation with data models
  • Reference against proprietary databases
  • Corroboration with industry experts
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TechnavioREPORT WRITING

Qualitative

  • Market drivers
  • Market challenges
  • Market trends
  • Five forces analysis

Quantitative

  • Market size and forecast
  • Market segmentation
  • Geographical insights
  • Competitive landscape
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The alcoholic beverages market growth will increase by $64.01 billion during 2019-2024.
The alcoholic beverages market is expected to grow at a CAGR of 4.50% during 2019-2024.
Technavio has segmented the alcoholic beverages market by product (Beer, Spirits, and Wine) ,distribution channel (Off-trade and On-trade) , and packaging (Glass bottles, Metal beverage cans, and Other packaging materials).
Anheuser Busch InBev SA/NV, Bacardi Ltd., Beam Suntory Inc., Brown-Forman Corp., Carlsberg Breweries AS, Constellation Brands Inc., Diageo Plc, Heineken NV, Molson Coors Beverage Co., Pernod Ricard SA are a few of the key vendors in the alcoholic beverages market.
Asia will register the highest growth rate of 54.55% among the other regions. Therefore, the alcoholic beverages market in Asia is expected to garner significant business opportunities for the vendors during the forecast period.
The key factors driving the alcoholic beverages market growth are:
  • New product launches
The alcoholic beverages market vendors should focus on grabbing business opportunities from the beer segment as it accounted for the largest market share in the base year.
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