United States Beer Market
United States Beer Market Bubbling with Steady CAGR to Touch USD 166 Billion by 2030
Published | 06 November 2024
United States Beer Market is booming primarily due to the rising consumer spending power, evolving lifestyles, and the increasing prominence of digital marketing channels.
BlueWeave Consulting, a leading strategic consulting and market research firm, in its recent study, estimated United States Beer Market size by value at USD 129.3 billion in 2023. During the forecast period between 2024 and 2030, BlueWeave expects United States Beer Market size to expand at a CAGR of 3.4%reaching a value of USD 165.8 billion by 2030. The Beer Market in United States is propelled by a growing appetite for craft and flavored beers, increased disposable income, and a youthful demographic. The rise of microbreweries and brewpubs, offering unique and artisanal experiences, caters to a discerning consumer base. Key industry players, like Bell's Brewery Inc., Carlsberg Breweries AS, and Constellation Brands Inc., are well-positioned to capitalize on these trends. In 2023, the industry shipped approximately 192 million barrels of beer and 2.4 million barrels of hard cider, reflecting the market's robust performance.
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High Alcohol Flavor Segment Leads United States Beer Market
The high-alcohol beer segment, particularly craft beer varieties like imperial stouts, barleywines, and double IPAs, dominates the United States Beer Market by type. The segment caters to a niche market of consumers seeking intense flavor profiles and higher alcohol content. The premium pricing associated with these beers aligns with the growing interest in craft and specialty brews, driving the high-alcohol beer segment in United States Beer Market.
Impact of Escalating Geopolitical Tensions on United States Beer Market
Intensifying geopolitical tensions could have a multifaceted impact on United States Beer Market. Increased tariffs and supply chain challenges could lead to higher production costs and limited access to key ingredients like hops and barley. These factors may increase consumer prices and reduce demand for beer. Consequently, escalating geopolitical tensions could hinder the growth of United States Beer Market in the coming years.
Competitive Landscape
United States Beer Market is highly fragmented, with numerous players serving the market. The key players dominating the market include Anheuser-Busch InBev, Molson Coors Beverage Company, D.G. Yuengling & Son, Boston Beer Company, Constellation Brands, Sierra Nevada Brewing Co, Duvel Moortgat, Gambrinus Company, and New Belgium Brewing Company. The key marketing strategies adopted by the players are facility expansion, product diversification, alliances, collaborations, partnerships, and acquisitions to expand their customer reach and gain a competitive edge over their competitors in United States Beer Market.
The report's in-depth analysis provides information about growth potential, upcoming trends, and United States Beer Market statistics. It also highlights the factors driving forecasts of total market size. The report promises to provide recent technology trends in United States Beer Market along with industry insights to help decision-makers make sound strategic decisions. Furthermore, the report also analyses the growth drivers, challenges, and competitive dynamics of the market.
Scope of the Report
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Attributes |
Details |
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Years Considered |
Historical Data – 2019–2030 |
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Base Year – 2023 |
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Estimated Year – 2024 |
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Forecast Period – 2024–2030 |
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Facts Covered |
Revenue in USD Billion |
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Market Coverage |
United States |
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Product/ Service Segmentation |
Product, Production, Type, Flavor, Packaging Type, Distribution Channel |
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Key Players |
Anheuser-Busch InBev, Molson Coors Beverage Company, D.G. Yuengling & Son, Boston Beer Company, Constellation Brands, Sierra Nevada Brewing Co, Duvel Moortgat, Gambrinus Company, New Belgium Brewing Company |
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Publish Date: November 2024
The rising level of discretionary spending of the consumers, their changing lifestyle, and increasing social media and influencer marketing are expected to drive United States Beer Market during the forecast period between 2024 and 2030.
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