$35.1bn
$XXX.Xm
91,792
9,556
$X.Xbn
The brewery landscape has shifted considerably over the past five years as smaller brewpubs and microbreweries have inundated the market, absorbing consumer demand from established industry giants. Still, multinational breweries continue to expand their geographic footprints and acquire some of these smaller players to diversify their portfolios. Competition among smaller breweries has intensified amid the market saturation and has been exacerbated by the rise of substitute alcoholic beverages, like ready-to-drink (RTD) cocktails. The greatest inhibitor to breweries' growth over the past five years was COVID-19, which crippled nearly half the market for beer when on-premise drinking sites were forced to shut down. As a result, brewery revenue has been declining at a CAGR of 0.5% over the past five years and is expected to fall 0.8% in 2024 alone, when revenue will reach $35.1 billion.
Industry revenue has declined at a CAGR of 0.5 % over the past five years, to reach an estimated $35.1bn in 2024.
Market size is projected to grow over the next five years.
Company | Market Share (%)
2024 | Revenue ($m)
2024 | Profit ($m)
2024 | Profit Margin (%)
2024 |
---|---|---|---|---|
Molson Coors Beverage Company | 3,740.8 | 467.4 | 12.5 | |
Anheuser-Busch Inbev Sa | 3,128.3 | 807.5 | 25.8 | |
Sierra Nevada Brewing Co. | 180.0 | 3.9 | 2.2 |
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Industry revenue is measured across several distinct product and services lines, including Premium beer, Sub-premium beer and Super-premium beer. Premium beer is the largest segment of the Breweries in the US.
Premiumization sweeps the nation
The Breweries industry primarily produces alcoholic beverages made from malted barley and hops such as beer, malt liquor and nonalcoholic beer. This industry excludes wine, brandy, cider and distilled beverages such as vodka and rum. Bottling purchased malt beverages and manufacturing purchased malt are also excluded from this industry.
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NAICS 31212 - Breweries in the US
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Including values and annual change:
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Key data sources in the US include:
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The market size of the Breweries in the US industry in United States is $35.1bn in 2024.
There are 9,556 businesses in the Breweries in the US industry in United States, which has grown at a CAGR of 7.1 % between 2019 and 2024.
The market size of the Breweries in the US industry in United States has been declining at a CAGR of 0.5 % between 2019 and 2024.
Over the next five years, the Breweries in the US industry in United States is expected to grow.
The biggest companies operating in the Breweries market in United States are Molson Coors Beverage Company, Anheuser-Busch Inbev Sa and Sierra Nevada Brewing Co.
Premium beer and Sub-premium beer are part of the Breweries in the US industry.
The company holding the most market share in United States is Molson Coors Beverage Company.
The level of competition is high and steady in the Breweries in the US industry in United States.