US Alcoholic Drinks Market: Comprehensive Analysis and Forecast 2024 to 2030

US Alcoholic Drinks Market Overview and Insights:

US Alcoholic Drinks Market research is an ongoing process. Consistent monitoring and evaluating of market dynamics to stay informed and adapt your strategies accordingly. As a market research and consulting firm, we offer market research reports that focus on major parameters including Target Market Identification, Customer Needs and Preferences, Thorough Competitor Analysis, Market Size Market Analysis, and other major factors. At the end, we do provide meaningful insights and actionable recommendations that inform decision-making and strategy development.

What is the Future Market Size of the US Alcoholic Drinks Industry and its Yearly Growth Rate?

The 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. Due to the effects of the rising inflation rate, declining consumer confidence, and ongoing brand boycotts, the sale of alcoholic drinks was marginally affected in 2023. However, as the economic condition began to improve, the demand for alcoholic drinks also showed an increasing trend in 2024 and is anticipated to be in a similar trend during the forecast period.

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Who are the Main Competitors Driving the US Alcoholic Drinks Market Forward?

The prominent players essentially operating in the US Alcoholic Drinks Market are as follows:

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

What are the key Drivers Defining the US Alcoholic Drinks Market Size?

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 is the Segmentation of the US Alcoholic Drinks Market?

The US Alcoholic Drinks market covered in this report is segmented –

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
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

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.

By Region
- Northeast - Market Size Forecast 2019-2030, USD Million Million Liters
- Midwest - Market Size Forecast 2019-2030, USD Million Million Liters
- West - Market Size Forecast 2019-2030, USD Million Million Liters
- Southeast - Market Size Forecast 2019-2030, USD Million Million Liters
- Southwest- Market Size Forecast 2019-2030, USD Million Million Liters

Key Questions Answered in the Research Report

What is the predicted US Alcoholic Drinks market size and growth rate for the years 2024-30?
What challenges are restricting the growth of the US Alcoholic Drinks market?
Which segment accounted for the largest market share in the US Alcoholic Drinks market?
Which prominent companies are leading growth in the US Alcoholic Drinks market?
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