How big is the beverage industry?
Revenue of the non-alcoholic beverages market in the United States declined in 2020 to 359 million U.S. dollars. The market is expected to rebound in 2021 and reach a high of 538 million dollars by 2026.
How much is the global alcohol industry worth?
Beverage alcohol ecommerce value grows by 42% in 2020, to reach US$24 billion – IWSR.
What sells more wine or beer?
A friend of mine says more people buy wine than beer in the United States. Wine was second at 39.7 percent, which is more than a 100 percent increase from 1982, when the figure was 16.2 percent. … Hard liquor was the victim of wine’s surging popularity.
Is the alcohol industry growing?
The global alcoholic – beverages market is expected to grow from $499.74 billion in 2020 to $546.15 billion in 2021 at a compound annual growth rate (CAGR) of 9.3%. The market is expected to reach $735.83 billion in 2025 at a CAGR of 8%.
How much money does the beverage industry make?
With a direct economic impact of $182.6 billion, America’s beverage industry provides $19.8 billion in wages, while beverage companies and their employees, and the firms and employees directly employed by the industry, provide significant tax revenues – $19.1 billion at the state level and $30.0 billion at the federal …
Is the food and beverage industry growing?
The global market for functional foods and beverages should grow from $184.5 billion in 2020 to $274.5 billion by 2025, at a compound annual growth rate (CAGR) of 8.3% during the period forecast of 2020-2025.
How much alcohol is sold a year?
In 2019, alcoholic beverage sales in the United States reached approximately 252.82 billion U.S. dollars.
What percent of teens have alcohol?
In the United States, by the age of 18, about 60 percent of teens have tried at least one drink. Among teenagers, alcohol is the most commonly used drug in the country. In addition to potential legal ramifications, alcohol abuse can be harmful to teens because the teenage brain is not fully developed.