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: 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: 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
Access Press Release By Grand View Research: www.grandviewresearch.com/press-release/us-beer-cider-market-analysis
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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