In a recent published report, Kenneth Research has updated the market report for U.S. Beverages Market for 2021 till 2030. Report further now discusses; the various strategies to be adopted or being adopted by the business players across the globe at various levels in the value chain. In the view of the global economic slowdown, we further estimated that China, India, Japan and South Korea to recover fastest amongst all the countries in the Asian market. Germany, France, Italy, Spain to take the worst hit and this hit is expected to be regain 25% by the end of 2021- Positive Growth in the economic demand and supply.
U.S. Market recovers fast; In a release on May 4th 2021, the U.S. Bureau and Economic Analsysis and U.S. Census Bureau mentions the recovery in the U.S. International trade in March 2021. Exports in the country reached $200 billion, up by $12.4 billion in Feb 2021. Following the continuous incremental trend, imports tallied at $274.5 billion, picked up by $16.4 billion in Feb 2021. However, as COVID19 still haunts the economies across the globe, year-over-year (y-o-y) avergae exports in the U.S. declined by $7.0 billion from March 2020 till March 2021 whilest imports increased by $20.7 billion during the same time. This definitely shows how the market is trying to recover back and this will have a direct impact on the Healthcare/ICT/Chemical industries, creating a huge demand for U.S. Beverages Market products.
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The U.S. beverages market was valued 46.8 billion gallons by 2017, growing with 2.1% CAGR during the forecast period, 2018-2025
The U.S. beverages market is escalating as the increasing demand from end-users coupled with rising disposable income. Product development in the beverage industry increasingly focuses on health issues in addition to thirst quenching and novel tastes. Many consumers have become wary of the sugar content in beverages and of zero-calorie sugar substitutes deemed artificial. As an alternative to these additives, an increasing number of beverages are sweetened with stevia, a non- caloric extract of the Stevia rebaudiana plant. One such example is SPARKLING ICE (Talking Rain Beverage Company), a line of zero-calorie, flavored sparkling water. The US beverage industry is characterized by a low barrier to entry for startups because most beverages are fairly simple to produce. However, in many beverage segments, a few firms are able to sustain substantial market share through factors such as extensive supply network, brand loyalty and production capabilities.
The research study is prepared with the help of industry-best market analysis techniques focusing on market segmentation, forecasting, end user surveys, and customer satisfaction analysis. The researchers authoring this report have the expertise and knowledge to transform raw data and information into practical and reliable market intelligence.
In terms of products, the market is divided as;
Carbonated Soft Drinks
The CSD segment includes beverages infused with carbon dioxide such as cola, root beer, ginger ale, and lemon-lime and orange sodas. Also included in this category are natural sodas, tonics, and seltzers, as well as beverage concentrates and fountain syrups. This segment remained the dominant category of soft drinks, but production fell to some extent largely due to consumer concerns over the high sugar content of many of these beverages.
Alcoholic Beverages is projected to grow with promising growth rate over the forecast period. Major beer producers such as Anheuser-Busch and MillerCoors must contend with a mature domestic market for their product and limited potential for exports, as much of demand in other countries is met by local beer makers. At the same time, consumer preference continues to shift away from “macro” beer brands, which are brewed in enormous quantities by many of the leading beer companies.
Key Vendors Takeaway
The Boston Beer Company
Dean Foods Company
Anheuser- Busch InBev
Of these, Anheuser-Busch ranked as the leading beer supplier in the U.S. owing to its strong product portfolio. Its portfolio of brands accounting for nearly 60% of all US beer sales. Of these brands, BUD LIGHT is the category leader.
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The market size and forecast for each segment and sub-segments has been considered as below:
Historical Year – 2014 & 2016
Base Year – 2017
Estimated Year – 2018
Projected Year – 2025
Traders, Distributors, and Suppliers
Government and Regional Agencies
SCOPE OF THE REPORT
The scope of this report covers the market by its major segments, which include as follows:
MARKET, BY PRODUCTS
Carbonated Soft Drinks
About Kenneth Research
Kenneth Research is a reselling agency providing market research solutions in different verticals such as Automotive and Transportation, Chemicals and Materials, Healthcare, Food & Beverage and Consumer Packaged Goods, Semiconductors, Electronics & ICT, Packaging, and Others. Our portfolio includes set of market research insights such as market sizing and market forecasting, market share analysis and key positioning of the players (manufacturers, deals and distributors, etc), understanding the competitive landscape and their business at a ground level and many more. Our research experts deliver the offerings efficiently and effectively within a stipulated time. The market study provided by Kenneth Research helps the Industry veterans/investors to think and to act wisely in their overall strategy formulation
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