The United States Beer Market and the Impact of COVID-19 in the Medium Term - ResearchAndMarkets.com

The "The United States of America: Beer Market and the Impact of COVID-19 in the Medium Term" report has been added to ResearchAndMarkets.com's offering.

The beer market in United States was equal to 103.78 billion USD (calculated in retail prices) in 2014. Until 2024, the beer market in United States is forecast to reach 129.77 billion USD (in retail prices), thus increasing at a CAGR of 2.33% per annum for the period 2019-2024. This is an increase, compared to the growth of about 2.23% per year, registered in 2014-2018.

The average consumption per capita in value terms reached 326.66 USD per capita (in retail prices) in 2014. In the next five years, it grew at a CAGR of 1.52% per annum. In the medium term (by 2024), the indicator is forecast to speed up its growth and increase at a CAGR of 1.61% per annum.

One of the most important trends on the beer market is the shift in consumer preference towards low and non-alcohol beers, as well as craft beers. While the alcohol consumption has decreased, the beer consumption worldwide has increased. Furthermore, due to the premiumization, which has significantly impacted the market in recent years, the beer producers across the world have been more focused on quality instead of quantity. The market has witnessed an increased proliferation of smaller and independent breweries, which are selling locally and directly to consumer. They are trying to create a unified experience for their customers by inviting them into the breweries to taste and learn more about the whole process.

This report presents a strategic analysis of the US beer market and a forecast for its development in the medium term, taking into account the impact of COVID-19 on it. It provides a comprehensive overview of the market volume and value, dynamics, segmentation, characteristics, main players, prices, international trade, trends and insights, growth and demand drivers, challenges, etc. This is one of the most comprehensive reports about the US beer market, offering unmatched value, accuracy and expert insights.

The purpose of the report is to describe the state of the US beer market and to present real and expert-verified information about the volumes, values, dynamics, segmentation and characteristics of consumption, prices, imports, and exports. The report also presents a forecast for the market development in the short and medium term and the impact COVID-19 has and will have on it. In addition, the report presents an elaborate analysis of the main market participants, industry trends and insights, growth and demand drivers and challenges and all other factors, influencing the market development.

The report on the US beer market covers:

• Market volume, value and dynamics for the last five years;
• Analysis of the factors, influencing the market development (market trends and insights, drivers and challenges) and the impact COVID-19 has and will have on the market in both the short and the medium term;
• Value chain analysis and structure of price formation;
• Analysis of retail price levels and their dynamics for the last five years;
• Analysis of the major international trade flows;
• Volume, value, dynamics, and analysis of imports for the last five years;
• Volume, value, dynamics, and analysis of exports for the last five years;
• Volume and dynamics of the average import and export prices for the last five years;
• Volume, value, dynamics, and analysis of per capita consumption for the last five years;
• Forecast for market development in the medium term;
• Characteristics of the main players on the market;
• Analysis of the competitive landscape;
• Importance of the HoReCa channel (on-trade vs. off-trade consumption);
• Market shares of the main market players;
• Distribution channels for retail sales;
• Five Forces analysis;
• Analysis and forecast for the global economy and demographics.

For more information about this report visit https://www.researchandmarkets.com/r/pwzzc5

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View source version on businesswire.com: https://www.businesswire.com/news/home/20200917005817/en/