US Alcoholic Drinks Market Growth and Development Insight - Size, Share, Growth, and Industry Analysis

MarkNtel Advisors recently published a detailed industry analysis of the US Alcoholic Drinks Market. The report covers growth trends, geographical marketing strategies, challenges, opportunities, and drivers influencing the market.

US Alcoholic Drinks Market Size, Share, and Trends Analysis Report – Industry Overview and Forecast to 2030

US Alcoholic Drinks Market size is valued at around USD 415 billion in 2024 & is expected to grow at a CAGR of around 2.3% during the forecast period, i.e., 2024-30.

What are the major Driver the US Alcoholic Drinks industry?

Rise of Craft Alcoholic Drinks Driving Market Growth – Craft beer manufacturers are leveraging its unique and various flavors, and higher quality and content of raw materials (malt and hops), to woo the customers in the US. The companies operating in this segment have been using innovative modes of marketing and advertising which are well-targeted at consumers under the age group of 40 years. These campaigns have positively influenced the customers in this age group. As a result, the total number of craft breweries in the US soared at a healthy CAGR during 2019-23, craft beer continued to record strong volume growth momentum. In 2023, craft beer's market share exceeded 15%, recording a substantial growth from around 9% in 2019. Craft alcoholic drink suppliers have also introduced multiple products to expand customer footprints, which is driving revenue growth of the alcoholic drinks industry in the country.

Moreover, some manufacturers are trying to enhance their revenue and market share through the introduction of novel craft alcoholic drink products which is helping in the overall growth & expansion of the industry in the country. For instance,

• In 2024, New Belgium and BIRA 91 partnered to launch Chutney Sour Craft Beer for Indian customers in the country.
• In 2024, Pilot Project Brewing announced its plans to introduce British Craft Beer in the US.

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What segments define the US Alcoholic Drinks market from 2024 to 2030? How do these segments contribute to market dynamics and growth?

• By Product
  • Beer -Market Size & Forecast 2019-2030, USD Million & Million Liters
  • Spirits -Market Size & Forecast 2019-2030, USD Million & Million Liters
  • Wine -Market Size & Forecast 2019-2030, USD Million & Million Liters
  • Cider -Market Size & Forecast 2019-2030, USD Million & Million Liters
  • RTDs -Market Size & Forecast 2019-2030, USD Million & Million Liters
  • Others -Market Size & Forecast 2019-2030, USD Million & Million Liters

According to report, The spirits segment in the US Alcoholic Drinks Market is currently dominating due to the availability of a superior variety of product ranges.

• By Alcohol Content
  • High -Market Size & Forecast 2019-2030, USD Million & Million Liters
  • Medium -Market Size & Forecast 2019-2030, USD Million & Million Liters
  • Low-Market Size & Forecast 2019-2030, USD Million & Million Liters
• By Packaging
  • Metal Cans -Market Size & Forecast 2019-2030, USD Million & Million Liters
  • Glass -Market Size & Forecast 2019-2030, USD Million & Million Liters
  • Fiber Bottles -Market Size & Forecast 2019-2030, USD Million & Million Liters
  • Others-Market Size & Forecast 2019-2030, USD Million & Million Liters
• By Distribution
  • On-Trade- Market Size & Forecast 2019-2030, USD Million & Million Liters
    • Bars- Market Size & Forecast 2019-2030, USD Million & Million Liters
    • Restaurants- Market Size & Forecast 2019-2030, USD Million & Million Liters
    • Pubs- Market Size & Forecast 2019-2030, USD Million & Million Liters
  • Off-Trade
    • Supermarkets/Hypermarkets- Market Size & Forecast 2019-2030, USD Million & Million Liters
    • Convenience Stores- Market Size & Forecast 2019-2030, USD Million & Million Liters
    • Specialty Stores- Market Size & Forecast 2019-2030, USD Million & Million Liters
    • Online Retailers - Market Size & Forecast 2019-2030, USD Million & Million Liters

According to report, Currently, the off-trade segment dominates the US market due to the increasing consumer preference towards at-home consumption, accelerated by the pandemic for their convenience. 

Explore the Complete US Alcoholic Drinks Market Analysis Report –

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Geographical Analysis: US Alcoholic Drinks Market

• By Region
• Northeast
• Midwest
• West
• Southeast
• Southwest

US Alcoholic Drinks Market Share & Competitive Landscape:

US Alcoholic Drinks Market is characterized by intense competition, with several key players driving growth through innovation, market expansion, and strategic investments. The competitive landscape provides valuable insights into the industry's leading companies, highlighting their strengths, financial performance, and market influence.

Leading Companies in the US Alcoholic Drinks Market are:

• Anheuser-Busch InBev NV
• Molson Coors Brewing Co
• Constellation Brands Inc.
• E&J Gallo Winery Inc.
• Mark Anthony Group Inc.
• Heineken NV
• Boston Beer Co Inc.
• Diageo Plc
• Blue Ribbon Intermediate Holdings LLC
• The Wine Group Inc.

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US Alcoholic Drinks Industry Recent Developments

• April 2024: A brand-new, first-of-its-kind non-alcoholic beverage with General Admission (<0.5% ABV) is being introduced by the Boston Beer Company, the company behind Samuel Adams, Twisted Tea, Truly Hard Seltzer, Angry Orchard, and Dogfish Head.

• June 2023: The Hahn Family Wines portfolio was acquired by E. & J. Gallo Winery (Gallo), enhancing the winery's current Central Coast offerings. The trademarks Smith & Hook, Hahn, and Hahn SLH are part of the strategic investment. The agreement's terms were kept a secret.

Questions Addressed in this Study

1.What factors are driving the US Alcoholic Drinks Market growth?

2.How is the US Alcoholic Drinks Market expected to grow over the next five years?

3.What are the key insights into the current trends in the US Alcoholic Drinks Market?

4.What is the current size of the US Alcoholic Drinks Market, and how is it projected to change in the future?

6.What is the future outlook for the US Alcoholic Drinks Market in terms of technological advancements and market expansion?

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Our specialization in niche industries informed way and entail parameters like Go-to-Market (GTM), product development, feasibility analysis, project scoping, market segmentation, competitive benchmarking, market sizing & forecasting, & trend analysis, among others, for 15 diverse industrial verticals.

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