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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 share in US is expected to increase by USD 72.51 billion from 2020 to 2025, and the market’s growth momentum will accelerate at a CAGR of 5%.

This alcoholic beverages market in US research 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 alcoholic beverages market segmentation in US by distribution channel (off-trade and on-trade), product (beer, spirits, and wine), and application (glass bottles, metal beverage cans, and other packaging materials). The alcoholic beverages market in 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 US be During the Forecast Period?

Download the Free Report Sample to Unlock the Alcoholic Beverages Market Size  in US for the Forecast Period and Other Important Statistics

 

Alcoholic Beverages Market in US: Key Drivers, Trends, and Challenges

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 US, although factors such as increasing cases of accidents due to driving under the influence of alcohol may impede the market growth. Our research analysts have studied the historical data and deduced the key market drivers and the COVID-19 pandemic impact on the alcoholic beverages industry in US. The holistic analysis of the drivers will help in deducing end goals and refining marketing strategies to gain a competitive edge.

Key Alcoholic Beverages Market Driver in US

One of the key factors driving growgth in the alcoholic beverages market in US is the increased demand for craft drinks. 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.

Key Alcoholic Beverages Market Trend in US

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 in US analysis report also provides detailed information on other upcoming trends and challenges that will have a far-reaching effect on the market growth. The actionable insights on the trends and challenges will help companies evaluate and develop growth strategies for 2021-2025.

Who are the Major Alcoholic Beverages Market Vendors in US?

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

 

This statistical study of the alcoholic beverages market in US encompasses successful business strategies deployed by the key vendors. The alcoholic beverages market in US is fragmented and the vendors are deploying growth strategies such as product innovations to compete in the market.

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.

The alcoholic beverages market in US forecast report offers in-depth insights into key vendor profiles. The profiles include information on the production, sustainability, and prospects of the leading companies.

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

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The alcoholic beverages market share growth in US by the beer segment will be significant during the forecast period. 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. 

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

 

Alcoholic Beverages Market Scope in US

Report Coverage

Details

Page number

120

Base year

2020

Forecast period

2021-2025

Growth momentum & CAGR

Accelerate at a CAGR of 5%

Market growth 2021-2025

$ 72.51 billion

Market structure

Fragmented

YoY growth (%)

4.15

Regional analysis

US

Competitive landscape

Leading companies, Competitive strategies, Consumer engagement scope

Key companies profiled

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

Market dynamics

Parent market analysis, Market growth inducers and obstacles, Fast-growing and slow-growing segment analysis, COVID 19 impact and recovery analysis and future consumer dynamics, Market condition analysis for the forecast period

Customization purview

If our report has not included the data that you are looking for, you can reach out to our analysts and get segments customized.

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

  • CAGR of the market during the forecast period 2021-2025
  • Detailed information on factors that will drive alcoholic beverages market growth in US during the next five years
  • Precise estimation of the alcoholic beverages market size in 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 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 market vendors in US

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Executive Summary

    Market Landscape

    • Market ecosystem
    • Value chain analysis

    Market Sizing

    • Market definition
    • Market segment analysis
    • Market size 2019
    • Market outlook: Forecast for 2019 - 2024

    Five Forces Analysis

    • Five forces summary
    • Bargaining power of buyers
    • Bargaining power of suppliers
    • Threat of new entrants
    • Threat of substitutes
    • Threat of rivalry
    • Market condition

    Market Segmentation by Product

    • Market segments
    • Comparison by Product
    • Beer - Market size and forecast 2019-2024
    • Spirits - Market size and forecast 2019-2024
    • Wine - Market size and forecast 2019-2024
    • Market opportunity by Product

    Market Segmentation by Distribution channel

    • Market segments
    • Comparison by Distribution channel
    • Off-trade - Market size and forecast 2019-2024
    • On-trade - Market size and forecast 2019-2024
    • Market opportunity by Distribution channel

    Market Segmentation by Packaging

    • Glass bottles
    • Metal beverage cans
    • Other packaging materials

    Customer landscape

    • Customer landscape
    • Market drivers
    • Volume driver – External factors
    • Market challenges
    • Market trends

    Vendor Landscape

    • Vendor landscape
    • Landscape disruption

    Vendor Analysis

    • Vendors covered
    • Market positioning of vendors
    • 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

    Appendix

    • Scope of the report
    • Currency conversion rates for US$
    • Research methodology
    • List of abbreviations

    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
    Technavio

    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
    Technavio

    TechnavioREPORT WRITING

    Qualitative

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

    Quantitative

    • Market size and forecast
    • Market segmentation
    • Geographical insights
    • Competitive landscape
    Interested in this report?
    Get your FREE sample now!
    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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