The U.S.
beer & cider market size is estimated to attain USD 271.12
billion by 2025, growing at a CAGR 11.6%, according to a new study by Grand
View Research, Inc. The growing private breweries in the country is expected to
stimulate the market growth over the next eight years.
States such as Maine, Colorado, and Michigan are among
the popular craft beer producing states. The market is expected to witness
robust growth due to large presence of microbrewery, brewpub, and contract
brewing companies among others in the country. Furthermore, supportive
government regulations in some states is anticipated to encourage the market
growth.
The volume of beer & cider consumption is expected
to grow at a low pace, owing to the growing increasing millennial generation
shifting towards becoming more health conscious. Moreover, consumers that
attain legal drinking age are lesser prone to consuming alcohol that is
presumed to reduce beer and cider consumption.
The presence of a large number of beer and cider
products makes the market more competitive. Furthermore, the market
participants are using different combinations of raw materials to develop
various types of beer & cider products such as Larger, Ale, and Pilsner
among others.
The industry players comprise mainly big players that
have large market share and are mainly focused on retaining their market share.
Furthermore, these companies have a multi-regional presence and witness stiff
competition. The companies have various brands of beer that are developed
particularly for each region.
Browse full research report on U.S. Beer and Cider Market: https://www.grandviewresearch.com/industry-analysis/us-beer-cider-market
Further
key findings from the study suggest:
- The beer and cider market in the U.S. contributed around 67.8
billion to the country’s economy and has provided over 456,000 full-time
jobs
- Beer is the fastest-growing segment, registering a CAGR of 11.7%
over the next years. The growth is attributed to growing establishment of
breweries in the country
- Regulations across states stipulate that breweries have produce
certain amount of beer (in gallons) for commencement of operations. The
amount varies with the states
- The industry mainly employs three stage distribution
(including producers, wholesalers, and retailers) of beer & cider
products
- Highest beer consuming states in 2015 include North Dakota, New
Hampshire, Montana, South Dakota, and Vermont among others
Browse more reports of this category
by Grand View Research: https://www.grandviewresearch.com/industry/consumer-goods
Grand
View Research has segmented the U.S. beer & cider market based on product:
U.S.
Beer & Cider Product Scope (Revenue, USD Billion; Volume, Billion Units;
2014 - 2025)
- Beer
- Cider
About Grand View
Research
Grand View Research, Inc. is a U.S. based market
research and consulting company, registered in the State of California and
headquartered in San Francisco. The company provides syndicated research
reports, customized research reports, and consulting services. To help clients
make informed business decisions, we offer market intelligence studies ensuring
relevant and fact-based research across a range of industries, from technology
to chemicals, materials and healthcare.
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