{"id":3018,"date":"2020-08-29T01:24:29","date_gmt":"2020-08-29T00:24:29","guid":{"rendered":"https:\/\/healthcareers.co\/?p=3018"},"modified":"2020-08-31T06:16:23","modified_gmt":"2020-08-31T05:16:23","slug":"beverage-industry-statistics","status":"publish","type":"post","link":"https:\/\/healthcareers.co\/beverage-industry-statistics\/","title":{"rendered":"38 Refreshing Beverage Industry Statistics and Facts"},"content":{"rendered":"<p><span style=\"font-weight: 400;\">The beverage industry covers everything from bottled water and carbonated drinks to alcoholic beverages. These latest <\/span><span style=\"font-weight: 400;\">beverage industry statistics<\/span><span style=\"font-weight: 400;\"> reveal a great demand for various different types of drinks, which is why the industry is so vast.<\/span><\/p>\n<p><span style=\"font-weight: 400;\">Since beverages are considered essential goods, the industry has fared relatively well during various economic crises, such as the current coronavirus pandemic. In this article, we compiled the most relevant and reputable statistics on the beverage industry.<\/span><\/p>\n<p><span style=\"font-weight: 400;\">Dig in to learn about the most prominent beverage brands, consumption trends, market size, etc.\u00a0<\/span><\/p>\n<p><span style=\"font-weight: 400;\">But first, take a look at the most interesting statistics we cherry-picked from the article.<\/span><\/p>\n<h2><b>Top 10 <\/b><b>Beverage Industry Statistics<\/b><b> and Facts<\/b><\/h2>\n<ul>\n<li style=\"font-weight: 400;\"><span style=\"font-weight: 400;\">In 2018, the global beverage market was worth $1,544.61 billion.<\/span><\/li>\n<li style=\"font-weight: 400;\"><span style=\"font-weight: 400;\">The global non-alcoholic beverage market was worth $406.4 billion in 2019.<\/span><\/li>\n<li style=\"font-weight: 400;\"><span style=\"font-weight: 400;\">In 2018, the sale of alcoholic beverages increased by 5.1%.\u00a0<\/span><\/li>\n<li style=\"font-weight: 400;\"><span style=\"font-weight: 400;\">The average American consumes 2.3 gallons of alcohol yearly.<\/span><\/li>\n<li style=\"font-weight: 400;\"><span style=\"font-weight: 400;\">Beer is the most consumed alcoholic beverage in the United States.<\/span><\/li>\n<li style=\"font-weight: 400;\"><span style=\"font-weight: 400;\">Americans consumed 117.91 billion liters of non-alcoholic beverages in 2019.<\/span><\/li>\n<li style=\"font-weight: 400;\"><span style=\"font-weight: 400;\">In 2018, bottled water was the most consumed beverage in the US.<\/span><\/li>\n<li style=\"font-weight: 400;\"><span style=\"font-weight: 400;\">About 28% of Americans claim they consume soft drinks daily.\u00a0<\/span><\/li>\n<li style=\"font-weight: 400;\"><span style=\"font-weight: 400;\">Coca-Cola is the most valuable soft drink brand in the world.\u00a0<\/span><\/li>\n<li style=\"font-weight: 400;\"><span style=\"font-weight: 400;\">50% of all beverages sold in the US do not contain sugar.\u00a0<\/span><\/li>\n<\/ul>\n<h2><b>The <\/b><b>Beverage Industry Market Size<\/b><\/h2>\n<hr \/>\n<h3><b>1. In 2018, the global beverage market was worth $1,544.61 billion.<\/b><\/h3>\n<p><span style=\"font-weight: 400;\">(Business Wire)<\/span><\/p>\n<p><span style=\"font-weight: 400;\">The global beverage market is forecasted to reach $1,854.589 billion by 2024. The industry is projected to grow at a CAGR of 3.1%, with the Asia-Pacific region as the largest shareholder in the market.<\/span><\/p>\n<h3><b>2. The global alcoholic beverage market reached $1,271 billion in 2019.<\/b><\/h3>\n<p><span style=\"font-weight: 400;\">(IMARC Group)<\/span><\/p>\n<p><span style=\"font-weight: 400;\">According to the recent <\/span><span style=\"font-weight: 400;\">beverage industry analysis<\/span><span style=\"font-weight: 400;\">, the global alcoholic beverage market is expected to reach $1,452 billion by 2024.<\/span><\/p>\n<h3><b>3. In 2019, the global non-alcoholic beverage market was worth $406.4 billion.<\/b><\/h3>\n<p><span style=\"font-weight: 400;\">(The Business Research Company)<\/span><\/p>\n<p><span style=\"font-weight: 400;\">Due to the <\/span><a href=\"https:\/\/supplements101.net\/pandemic-statistics\/\" target=\"_blank\" rel=\"noopener\"><span style=\"font-weight: 400;\">COVID-19 pandemic<\/span><\/a><span style=\"font-weight: 400;\">, the industry is expected to grow at a CAGR of just 2.8%. However, it\u2019s likely to recover by 2021 and hit a value of $513.4 billion by 2023.\u00a0<\/span><\/p>\n<h3><b>4. The Asia-Pacific region is the largest global non-alcoholic beverage market.<\/b><\/h3>\n<p><span style=\"font-weight: 400;\">(The Business Research Company)<\/span><\/p>\n<p><span style=\"font-weight: 400;\">The Asia-Pacific non-alcoholic <\/span><span style=\"font-weight: 400;\">beverage industry<\/span><span style=\"font-weight: 400;\"> had a <\/span><span style=\"font-weight: 400;\">market share<\/span><span style=\"font-weight: 400;\"> of 39% in 2019.\u00a0 The market is projected to grow to $422.18 billion by 2023 at a CAGR of 3.7%.\u00a0<\/span><\/p>\n<h3><b>5. North America has the world\u2019s largest functional beverage market.<\/b><\/h3>\n<p><span style=\"font-weight: 400;\">(Research and Markets)<\/span><\/p>\n<p><span style=\"font-weight: 400;\">With major players like PepsiCo Inc., the market is projected to grow at a CAGR of 7.86% between 2018\u20132023.<\/span><\/p>\n<h3><b>6. China has the largest tea market in the world.<\/b><\/h3>\n<p><span style=\"font-weight: 400;\">(Statista)<\/span><\/p>\n<p><span style=\"font-weight: 400;\">China is the world\u2019s leading tea producer and is expected to register $78,699 million in revenue by the end of 2020.<\/span><\/p>\n<h2><b>The US <\/b><b>Alcoholic Beverage Industry<\/b><b>: Fa<\/b><b>cts and Statistics<\/b><\/h2>\n<hr \/>\n<h3><b>7. In 2018, the sales of alcoholic beverages increased by 5.1%.<\/b><b>\u00a0<\/b><\/h3>\n<p><span style=\"font-weight: 400;\">(The Drinks Business)<\/span><\/p>\n<p><span style=\"font-weight: 400;\">In 2018, the US alcohol industry sold $253.8 billion worth of beverages. This was a $12.4 billion increase from the previous year.\u00a0<\/span><\/p>\n<h3><b>8. The beer, wine, and spirits retail industry accounts for 1.65% of the United States&#8217; GDP.\u00a0<\/b><\/h3>\n<p><span style=\"font-weight: 400;\">(ABL)<\/span><\/p>\n<p><span style=\"font-weight: 400;\">The <\/span><span style=\"font-weight: 400;\">alcoholic beverage industry<\/span> <a href=\"https:\/\/healthcareers.co\/job-growth-by-year\/\"><span style=\"font-weight: 400;\">created 2.03 million jobs<\/span><\/a><span style=\"font-weight: 400;\">. Also, the industry pays over $47.9 billion in local, state, and federal taxes.\u00a0<\/span><\/p>\n<h3><b>9. The average American consumes 2.3 gallons of alcohol yearly.<\/b><\/h3>\n<p><span style=\"font-weight: 400;\">(The Hill)<\/span><\/p>\n<p><span style=\"font-weight: 400;\">Compared to the late 1910s, when alcohol consumption was under two gallons per person, Americans are drinking more.\u00a0<\/span><\/p>\n<p><span style=\"font-weight: 400;\">Looking at the <\/span><span style=\"font-weight: 400;\">alcoholic beverage industry<\/span><span style=\"font-weight: 400;\"> and the <\/span><span style=\"font-weight: 400;\">statistics<\/span><span style=\"font-weight: 400;\"> that surround it, the average American consumes about nine drinks per week, amounting to nearly 500 drinks yearly.\u00a0<\/span><\/p>\n<h3><b>10. Over $119.3 billion worth of beer and malt-based beverages are sold each year.<\/b><\/h3>\n<p><span style=\"font-weight: 400;\">(NBWA)<\/span><\/p>\n<p><span style=\"font-weight: 400;\">The US beer industry sold 203.1 million barrels of beer in 2019. Canned beers were responsible for the highest amount of sales at 60%. Glass bottles accounted for 30%, and draft beer made up 10%.<\/span><\/p>\n<h3><b>11. Beer is the most consumed alcoholic beverage in the US.<\/b><\/h3>\n<p><span style=\"font-weight: 400;\">(Statista)<\/span><\/p>\n<p><span style=\"font-weight: 400;\">Alcohol industry statistics<\/span><span style=\"font-weight: 400;\"> indicate that 20.44 million gallons of beer were consumed in 2018. Although the US beer consumption per capita declined from 20.7 million gallons in 2017, it\u2019s still the most consumed <\/span><a href=\"https:\/\/healthcareers.co\/alcoholism-statistics\/\"><span style=\"font-weight: 400;\">alcoholic beverage<\/span><\/a><span style=\"font-weight: 400;\">.\u00a0\u00a0<\/span><\/p>\n<h3><b>12. Beer has become the preferred beverage of older Americans.<\/b><\/h3>\n<p><span style=\"font-weight: 400;\">(Gallup)<\/span><\/p>\n<p><span style=\"font-weight: 400;\">Approximately 42% of Americans between 50\u201364 say beer is their preferred beverage. The target market also appears to be men\u2014a massive 59% of American men preferring beer over other alcoholic drinks.\u00a0\u00a0<\/span><\/p>\n<h3><b>13. The US spirits industry experienced a 5.3% increase in 2019.<\/b><\/h3>\n<p><span style=\"font-weight: 400;\">(Forbes)<\/span><\/p>\n<p><span style=\"font-weight: 400;\">When it comes to the <\/span><span style=\"font-weight: 400;\">spirits industry, statistics<\/span><span style=\"font-weight: 400;\"> show that supplier sales for the industry increased by 5.3% in 2019. This $1.5 billion increase amounted to a new record of $29 billion in sales.\u00a0<\/span><\/p>\n<h3><b>14. Spirits surpassed both beer and wine in sales in the US in 2019.\u00a0<\/b><\/h3>\n<p><span style=\"font-weight: 400;\">(Forbes)<\/span><\/p>\n<p><span style=\"font-weight: 400;\">The spirits industry gained a half percent increase in revenue, amounting to 37.8% of the total beverage market. With a 3.3% increase in volume, the sector registered a new record of 239 million cases, a significant increase from just 7.6 million cases in 2018.<\/span><\/p>\n<h3><b>15. Americans consume the most wine than any other country in the world.<\/b><\/h3>\n<p><span style=\"font-weight: 400;\">(Statista)<\/span><\/p>\n<p><span style=\"font-weight: 400;\">In 2019, the US ranked first as the leading country in the consumption of wine. Namely, 33 million hectoliters of wine were consumed that year. Although <\/span><span style=\"font-weight: 400;\">Italy is the leading wine exporter<\/span><span style=\"font-weight: 400;\"> worldwide, it ranked third in wine consumption in 2019.\u00a0<\/span><\/p>\n<h2><b>Facts and Stats on the <\/b><b>Non-Alcoholic Beverage Industry<\/b><b> in the US<\/b><\/h2>\n<hr \/>\n<h3><b>16. The non-alcoholic beverage market is worth $280,506 million.<\/b><\/h3>\n<p><span style=\"font-weight: 400;\">(Statista)<\/span><\/p>\n<p><span style=\"font-weight: 400;\">The non-alcoholic drink market is projected to register a 7.1% compound annual growth rate between 2020\u20132025.\u00a0<\/span><\/p>\n<h3><b>17. Americans consumed 117.91 billion liters of non-alcoholic beverages in 2019.<\/b><\/h3>\n<p><span style=\"font-weight: 400;\">(Statista)<\/span><\/p>\n<p><span style=\"font-weight: 400;\">Non-alcoholic beverage consumption in the United States has experienced a steady year-over-year increase. According to the latest <\/span><span style=\"font-weight: 400;\">beverage consumption data<\/span><span style=\"font-weight: 400;\">, non-alcoholic drink consumption is expected to reach 118.87 billion liters in 2021.\u00a0<\/span><\/p>\n<h3><b>18. The non-alcoholic beverage sector created 252,974 jobs in the United States.<\/b><\/h3>\n<p><span style=\"font-weight: 400;\">(American Beverage Association)<\/span><\/p>\n<p><span style=\"font-weight: 400;\">According to a 2018 report, the soft drink segment was the <\/span><a href=\"https:\/\/healthcareers.co\/employment-statistics\/\"><span style=\"font-weight: 400;\">lead employer<\/span><\/a><span style=\"font-weight: 400;\">, <\/span><span style=\"font-weight: 400;\">creating 110,071 jobs<\/span><span style=\"font-weight: 400;\">. The non-alcoholic beverage sector had a direct economic impact of $182.6 billion, with $19.8 billion in paid wages.\u00a0<\/span><\/p>\n<h3><b>19. In 2018, retail sales of carbonated water amounted to over $2.3 billion.<\/b><\/h3>\n<p><span style=\"font-weight: 400;\">(Quartz)<\/span><\/p>\n<p><span style=\"font-weight: 400;\">The <\/span><span style=\"font-weight: 400;\">beverage industry statistics<\/span><span style=\"font-weight: 400;\"> from <\/span><span style=\"font-weight: 400;\">2018<\/span><span style=\"font-weight: 400;\"> show that the retail sales of carbonated water grew by 88% over the last couple of years. The sales of flavored water were up by 72%, amounting to over $3 billion.\u00a0\u00a0<\/span><\/p>\n<h3><b>20. Bottled water was the most-consumed beverage in 2018.<\/b><\/h3>\n<p><span style=\"font-weight: 400;\">(Statista)<\/span><\/p>\n<p><span style=\"font-weight: 400;\">Bottled water accounted for about 25% of all beverages consumed in 2018. In that year, the average American drank about 40 gallons of bottled water. Carbonated soft drinks (21.9%) and coffee (12.6%) followed closely.\u00a0<\/span><\/p>\n<h3><b>21. The soft drink sector is worth $200,290 million.<\/b><\/h3>\n<p><span style=\"font-weight: 400;\">(Statista)<\/span><\/p>\n<p><span style=\"font-weight: 400;\">The soft drink sector remains the largest segment within the non-alcoholic industry, as revealed by the latest <\/span><span style=\"font-weight: 400;\">beverage industry stats<\/span><span style=\"font-weight: 400;\">. This sector is expected to grow annually at a CAGR of 6.5% between 2020\u20132025.\u00a0<\/span><\/p>\n<h3><b>22. Consumption of soft drinks had declined by 25% between 2000-2018.\u00a0<\/b><\/h3>\n<p><span style=\"font-weight: 400;\">(Statista)\u00a0<\/span><\/p>\n<p><span style=\"font-weight: 400;\">Since its peak at 53 gallons in 2000, soft drink consumption has declined to 38.87 gallons per person in 2018. However, the consumption of bottled water has increased by over 150%.<\/span><\/p>\n<h3><b>23. In 2018, the sales of soft drinks in the US reached $38 billion.<\/b><b>\u00a0<\/b><\/h3>\n<p><span style=\"font-weight: 400;\">(Business Wire)<\/span><\/p>\n<p><span style=\"font-weight: 400;\">Moreover, 294 companies are in the industry, and the <\/span><span style=\"font-weight: 400;\">soft drink sales statistics<\/span><span style=\"font-weight: 400;\"> indicate that $129.2 million was the average amount each of them earned.\u00a0<\/span><\/p>\n<h3><b>24. About 28% of consumers claim they consume soft drinks daily.<\/b><\/h3>\n<p><span style=\"font-weight: 400;\">(Statista)<\/span><\/p>\n<p><span style=\"font-weight: 400;\">A 2017 survey showed that the average American consumes an average of 628 8-ounces of soft drinks per day. In that year, the United States had the second-highest number of consumers of soft drinks in the world.<\/span><\/p>\n<h3><b>25. The majority of consumers of soft drinks are between 30\u201349 years old.<\/b><\/h3>\n<p><span style=\"font-weight: 400;\">(Statista)<\/span><\/p>\n<p><span style=\"font-weight: 400;\">The soft drink consumption statistics<\/span><span style=\"font-weight: 400;\"> reveal that Americans between 30\u201349 accounted for 58% of all soft drinks consumed in 2018. People aged 50\u201364 are also big fans of soft drinks, making up 57% of all consumers.<\/span><\/p>\n<h3><b>26. Around 25% of Americans claim they consume an average of 2 cups of tea per day during the week.\u00a0<\/b><\/h3>\n<p><span style=\"font-weight: 400;\">(Statista)<\/span><\/p>\n<p><span style=\"font-weight: 400;\">According to a 2019 survey, around 25% of Americans drink a cup of tea daily. Only 10% said they never drink tea at all.\u00a0<\/span><\/p>\n<h3><b>27. Consumers aged over 70 drank the most coffee in 2019.<\/b><\/h3>\n<p><span style=\"font-weight: 400;\">(Statista)<\/span><\/p>\n<p><span style=\"font-weight: 400;\">According to <\/span><span style=\"font-weight: 400;\">beverage consumption statistics<\/span><span style=\"font-weight: 400;\">, <\/span><a href=\"https:\/\/healthcareers.co\/coffee-statistics\/\"><span style=\"font-weight: 400;\">coffee<\/span><\/a><span style=\"font-weight: 400;\"> is mostly enjoyed by the elderly. People over 70 consumed 2.37 cups of coffee per day in 2019. Younger adults aged between 25\u201329 consumed just about 1.7 cups of coffee daily.<\/span><\/p>\n<h3><b>28. Around 64% of consumers claim they drink a cup of coffee every day.<\/b><\/h3>\n<p><span style=\"font-weight: 400;\">(Reuters)<\/span><\/p>\n<p><span style=\"font-weight: 400;\">This was a result of a 2018 survey consisting of 3,000 people. Compared to 62% in 2017, the number of people who consume coffee every day rose to 64% in 2018.\u00a0<\/span><\/p>\n<h2><b>Top Companies in the Beverage Industry<\/b><\/h2>\n<hr \/>\n<h3><b>29. Coca-Cola is the most valuable soft drink brand in the world.<\/b><\/h3>\n<p><span style=\"font-weight: 400;\">(IFT)<\/span><\/p>\n<p><span style=\"font-weight: 400;\">According to the <\/span><span style=\"font-weight: 400;\">beverage industry statistics<\/span><span style=\"font-weight: 400;\">, Coca-Cola experienced a 19% increase in brand value, amounting to a whopping $36.2 billion. The company contributes roughly 40% to the US soft drink market.\u00a0<\/span><\/p>\n<h3><b>30. AB InBev is the world\u2019s largest brewing company.<\/b><b>\u00a0<\/b><\/h3>\n<p><span style=\"font-weight: 400;\">(NBWA)<\/span><\/p>\n<p><span style=\"font-weight: 400;\">With a market share of 39.9%, Anheuser-Busch InBev is the world\u2019s leading brewer. MillerCoors LLC is a close competitor at 22.6%.\u00a0\u00a0<\/span><\/p>\n<h3><b>31. Budweiser is the biggest beer brand in the world.<\/b><\/h3>\n<p><span style=\"font-weight: 400;\">(Beverage Daily)\u00a0<\/span><\/p>\n<p><span style=\"font-weight: 400;\">With a <\/span><span style=\"font-weight: 400;\">beverage industry growth rate<\/span><span style=\"font-weight: 400;\"> of 6.2%, Budweiser overtook Bud Light to become the top beer brand for the first time. Anheuser-Busch InBev produces Budweiser.\u00a0\u00a0<\/span><\/p>\n<h3><b>32. Nestl\u00e9 Waters is the world\u2019s top bottled water company.<\/b><\/h3>\n<p><span style=\"font-weight: 400;\">(Nestl\u00e9 Waters)<\/span><\/p>\n<p><span style=\"font-weight: 400;\">The total sales of Nestl\u00e9 Waters in 2019 amounted to roughly 8 billion Swiss francs. North America accounted for 57% of its sales in that year.\u00a0<\/span><\/p>\n<h3><b>33. Smirnoff was the leading spirits brand in the United States in 2019.\u00a0<\/b><\/h3>\n<p><span style=\"font-weight: 400;\">(Statista)<\/span><\/p>\n<p><span style=\"font-weight: 400;\">In 2019, Smirnoff sold more than 2.5 million cases of its world-famous vodka, making it the country&#8217;s top spirits brand.<\/span><\/p>\n<h2><b>Quick <\/b><b>Beverage Industry Facts<\/b><\/h2>\n<hr \/>\n<h3><b>34. Sugary sodas do not contain any essential nutrients.<\/b><\/h3>\n<p><span style=\"font-weight: 400;\">(Healthline)<\/span><\/p>\n<p><span style=\"font-weight: 400;\">Sugary sodas lack vitamins, minerals, or fibers and are made using sugar. Sugary sodas increase the risk of <\/span><a href=\"https:\/\/healthcareers.co\/diabetes-statistics\/\"><span style=\"font-weight: 400;\">diabetes<\/span><\/a><span style=\"font-weight: 400;\">, weight gain, insulin resistance, and <\/span><span style=\"font-weight: 400;\">heart diseases<\/span><span style=\"font-weight: 400;\">.\u00a0\u00a0<\/span><\/p>\n<h3><b>35. Around 50% of all beverages sold in the US do not contain sugar.<\/b><\/h3>\n<p><span style=\"font-weight: 400;\">(NPR)<\/span><\/p>\n<p><span style=\"font-weight: 400;\">The American Beverage Association revealed that in a bid to curb large sugar consumption, a high percentage of soft drinks containing zero sugar is being produced. The association hopes to reduce high-calorie beverage consumption by 20% by 2025.\u00a0<\/span><\/p>\n<h3><b>36. Tea is the second most-consumed drink worldwide.\u00a0<\/b><\/h3>\n<p><span style=\"font-weight: 400;\">Water is the <\/span><span style=\"font-weight: 400;\">most popular drink in the world<\/span><span style=\"font-weight: 400;\">, while <\/span><span style=\"font-weight: 400;\">statistics<\/span><span style=\"font-weight: 400;\"> reveal that <\/span><span style=\"font-weight: 400;\">tea is the most-consumed<\/span><span style=\"font-weight: 400;\"> beverage<\/span><span style=\"font-weight: 400;\"> globally.\u00a0<\/span><\/p>\n<h3><b>37. About 88,000 people die from alcohol-related causes yearly.<\/b><\/h3>\n<p><span style=\"font-weight: 400;\">(NIAAA)<\/span><\/p>\n<p><span style=\"font-weight: 400;\">Roughly 62,000 men and 26,000 women in the United States die from alcohol use each year. This makes alcohol the third leading preventable cause of death in the country.\u00a0<\/span><\/p>\n<h3><b>38. Consuming caffeinated coffee in large amounts can cause anxiety, agitation, and irregular heartbeats.<\/b><\/h3>\n<p><span style=\"font-weight: 400;\">(WebMD)<\/span><\/p>\n<p><span style=\"font-weight: 400;\">Consuming more than six cups of coffee every day can lead to caffeinism. According to reports, the daily recommended <\/span><span style=\"font-weight: 400;\">amount of coffee is four cups<\/span><span style=\"font-weight: 400;\">. Drinking a lot of coffee has also been found to increase cholesterol levels, making it unhealthy for people with <\/span><a href=\"https:\/\/healthcareers.co\/heart-disease-statistics\/\"><span style=\"font-weight: 400;\">heart diseases<\/span><\/a><span style=\"font-weight: 400;\">.\u00a0<\/span><\/p>\n<hr \/>\n<h2><b>FAQ<\/b><\/h2>\n<h3><b>How big is the beverage industry?<\/b><\/h3>\n<p><span style=\"font-weight: 400;\">The global beverage industry was worth $1,544.61 billion in 2018. The industry is projected to register an annual CAGR of 3.1% and reach a market size of $1,854.589 billion by 2024. This growth is primarily the result of increased consumption in developing regions, owing to high disposable income. Asia-Pacific is expected to dominate this industry in the coming years.<\/span><\/p>\n<h3><b>Is the beverage industry growing?<\/b><\/h3>\n<p><span style=\"font-weight: 400;\">Yes, the beverage industry is multiplying rapidly and is expected to grow by 3.1% globally. The global non-alcoholic sector, which was worth $967.3 billion in 2016, is expected to register a CAGR of 5.8% in the coming years.\u00a0<\/span><\/p>\n<p><span style=\"font-weight: 400;\">The alcoholic beverages industry is projected to reach $1,684 billion by 2025. This is a significant increase from $1439 billion in 2017.\u00a0<\/span><\/p>\n<h3><b>What is the fastest-growing segment of the beverage industry?<\/b><\/h3>\n<p><span style=\"font-weight: 400;\">With 71% of all convenience stores in the US selling frozen drinks, the frozen beverage segment is undoubtedly the fastest-growing segment of the beverage industry. Frozen beverages have caught the eyes of millennials, baby boomers, and Generation X.\u00a0<\/span><\/p>\n<p><span style=\"font-weight: 400;\">A survey revealed that 30% of younger consumers buy more frozen drinks today than they did two years ago. Consequently, more businesses have added frozen beverages to their menus to meet the increasing demand.<\/span><\/p>\n<h3><b>What is the soft drink industry?<\/b><b>\u00a0<\/b><\/h3>\n<p><span style=\"font-weight: 400;\">The soft drink industry is a sector that produces, markets, and distributes non-alcoholic water-based beverages. These beverages are often carbonated, flavored, and sweetened. The industry is the largest sector in the non-alcoholic industry and is currently worth $200,290 million. The soft drink segment is expected to register a yearly CAGR of 6.5% between 2020\u20132025.\u00a0<\/span><\/p>\n<hr \/>\n<h2><b>Conclusion<\/b><\/h2>\n<p><span style=\"font-weight: 400;\">The beverage industry, led by beverage giants such as Coca-Cola, Nestl\u00e9, and Anheuser-Busch InBev, is a broad industry consisting of several segments that amount to billions of dollars each year. The industry has contributed significantly to the United States economy, creating thousands of jobs and paying billions of dollars in wages and taxes.\u00a0<\/span><\/p>\n<p><span style=\"font-weight: 400;\">These <\/span><span style=\"font-weight: 400;\">beverage industry statistics<\/span><span style=\"font-weight: 400;\"> point out that the beverage industry is extremely prosperous. As reports have shown, people all over the world consume their preferred beverages several times a day.\u00a0<\/span><\/p>\n<p><span style=\"font-weight: 400;\">While the COVID-19 pandemic may continue to shake the world\u2019s economy, the beverage industry is safe. Consumers have continued to spend disposable income on their favorite drinks. The beverage industry will continue to experience tremendous growth, irrespective of the pandemic, as beverages are a major part of daily consumption.\u00a0<\/span><\/p>\n<h3><b>Sources:<\/b><\/h3>\n<ul>\n<li style=\"font-weight: 400;\"><a href=\"https:\/\/ablusa.org\/americas-beer-wine-spirits-retailers-create-2-03-million-jobs-122-63-billion-in-direct-economic-impact\/\" target=\"_blank\" rel=\"noopener\"><span style=\"font-weight: 400;\">ABLUSA<\/span><\/a><\/li>\n<li style=\"font-weight: 400;\"><a href=\"https:\/\/www.ameribev.org\/files\/resources\/united-states-summary-report.pdf\" target=\"_blank\" rel=\"noopener\"><span style=\"font-weight: 400;\">American Beverage Association<\/span><\/a><\/li>\n<li style=\"font-weight: 400;\"><a href=\"https:\/\/www.beveragedaily.com\/Article\/2019\/06\/27\/The-King-of-Beers-Budweiser-ranked-the-most-valuable-beer-brand-in-the-world#:~:text=Budweiser%20has%20overtaken%20Bud%20Light,the%202018%20FIFA%20World%20Cup.\" target=\"_blank\" rel=\"noopener\"><span style=\"font-weight: 400;\">Beverage Daily<\/span><\/a><span style=\"font-weight: 400;\">\u00a0<\/span><\/li>\n<li style=\"font-weight: 400;\"><a href=\"https:\/\/www.businesswire.com\/news\/home\/20190917005879\/en\/Global-Beverage-Market-Nears-1.86-Trillion-2024\" target=\"_blank\" rel=\"noopener\"><span style=\"font-weight: 400;\">Business Wire<\/span><\/a><\/li>\n<li style=\"font-weight: 400;\"><a href=\"https:\/\/www.businesswire.com\/news\/home\/20190416005853\/en\/United-States-Soft-Drink-Manufacturing-Market-2019#:~:text=com%20%7C%20Business%20Wire-,United%20States%20Soft%20Drink%20Manufacturing%20Market%202019%20%2D%20Industry%20Sales%20were,Billion%20in%202018%20%2D%20ResearchAndMarkets.com\" target=\"_blank\" rel=\"noopener\"><span style=\"font-weight: 400;\">Business Wire<\/span><\/a><\/li>\n<li style=\"font-weight: 400;\"><a href=\"https:\/\/www.forbes.com\/sites\/joemicallef\/2020\/02\/12\/the-us-spirits-industry-reports-a-record-2019\/#439708cb6c48\" target=\"_blank\" rel=\"noopener\"><span style=\"font-weight: 400;\">Forbes<\/span><\/a><\/li>\n<li style=\"font-weight: 400;\"><a href=\"https:\/\/news.gallup.com\/poll\/238100\/americans-favor-beer-alcoholic-beverages.aspx\" target=\"_blank\" rel=\"noopener\"><span style=\"font-weight: 400;\">Gallup<\/span><\/a><\/li>\n<li style=\"font-weight: 400;\"><a href=\"https:\/\/www.healthline.com\/nutrition\/13-ways-sugary-soda-is-bad-for-you#section6\" target=\"_blank\" rel=\"noopener\"><span style=\"font-weight: 400;\">Healthline<\/span><\/a><\/li>\n<li style=\"font-weight: 400;\"><a href=\"https:\/\/www.ift.org\/news-and-publications\/news\/2019\/july\/24\/nestle-and-coca-cola-top-list-of-most-valuable-food-and-beverage-brands-respectively#:~:text=American%20drinks%20giant%2C%20Coca%2DCola,an%20independent%20brand%20valuation%20consultancy.\" target=\"_blank\" rel=\"noopener\"><span style=\"font-weight: 400;\">IFT<\/span><\/a><\/li>\n<li style=\"font-weight: 400;\"><a href=\"https:\/\/www.imarcgroup.com\/alcoholic-beverages-market\" target=\"_blank\" rel=\"noopener\"><span style=\"font-weight: 400;\">IMARC Group<\/span><\/a><\/li>\n<li style=\"font-weight: 400;\"><a href=\"https:\/\/www.nbwa.org\/resources\/industry-fast-facts#:~:text=The%20U.S.%20beer%20industry%20sells,to%20U.S.%20consumers%20each%20year.\" target=\"_blank\" rel=\"noopener\"><span style=\"font-weight: 400;\">NBWA<\/span><\/a><\/li>\n<li style=\"font-weight: 400;\"><a href=\"https:\/\/www.nestle-waters.com\/get-to-know-us#:~:text=Nestl%C3%A9%20Waters%20is...,world&#039;s%20largest%20bottled%20water%20company.\" target=\"_blank\" rel=\"noopener\"><span style=\"font-weight: 400;\">Nestl\u00e9 Waters<\/span><\/a><\/li>\n<li style=\"font-weight: 400;\"><a href=\"https:\/\/www.niaaa.nih.gov\/publications\/brochures-and-fact-sheets\/alcohol-facts-and-statistics\" target=\"_blank\" rel=\"noopener\"><span style=\"font-weight: 400;\">NIAAA<\/span><\/a><\/li>\n<li style=\"font-weight: 400;\"><a href=\"https:\/\/www.npr.org\/sections\/thesalt\/2019\/03\/25\/706635209\/to-curb-kids-sugary-drink-habits-pediatricians-now-call-for-soda-taxes\" target=\"_blank\" rel=\"noopener\"><span style=\"font-weight: 400;\">NPR<\/span><\/a><\/li>\n<li style=\"font-weight: 400;\"><a href=\"https:\/\/qz.com\/1520602\/americans-want-to-drink-more-water\/\" target=\"_blank\" rel=\"noopener\"><span style=\"font-weight: 400;\">Quartz<\/span><\/a><\/li>\n<li style=\"font-weight: 400;\"><a href=\"https:\/\/www.researchandmarkets.com\/reports\/4703905\/north-america-functional-beverage-market\" target=\"_blank\" rel=\"noopener\"><span style=\"font-weight: 400;\">Research And Markets<\/span><\/a><span style=\"font-weight: 400;\">\u00a0<\/span><\/li>\n<li style=\"font-weight: 400;\"><a href=\"https:\/\/www.reuters.com\/article\/us-coffee-conference-survey\/americans-are-drinking-a-daily-cup-of-coffee-at-the-highest-level-in-six-years-survey-idUSKCN1GT0KU\" target=\"_blank\" rel=\"noopener\"><span style=\"font-weight: 400;\">Reuters<\/span><\/a><span style=\"font-weight: 400;\">\u00a0<\/span><\/li>\n<li style=\"font-weight: 400;\"><a href=\"https:\/\/www.statista.com\/statistics\/442818\/per-capita-alcohol-consumption-of-all-beverages-in-the-us\/#:~:text=Beer%20remains%20the%20most%20consumed,gallons%20of%20beer%20were%20consumed.\" target=\"_blank\" rel=\"noopener\"><span style=\"font-weight: 400;\">Statista<\/span><\/a><\/li>\n<li style=\"font-weight: 400;\"><a href=\"https:\/\/www.statista.com\/statistics\/858743\/global-wine-consumption-by-country\/\" target=\"_blank\" rel=\"noopener\"><span style=\"font-weight: 400;\">Statista<\/span><\/a><\/li>\n<li style=\"font-weight: 400;\"><a href=\"https:\/\/www.statista.com\/outlook\/20000000\/109\/non-alcoholic-drinks\/united-states\" target=\"_blank\" rel=\"noopener\"><span style=\"font-weight: 400;\">Statista<\/span><\/a><\/li>\n<li style=\"font-weight: 400;\"><a href=\"https:\/\/www.statista.com\/statistics\/724400\/non-alcoholic-beverage-consumption-us\/#:~:text=United%20States%3A%20non%2Dalcoholic%20beverage%20consumption%202011%2D2021&amp;text=In%202016%2C%20the%20annual%20consumption,118.87%20billion%20liters%20by%202021.\" target=\"_blank\" rel=\"noopener\"><span style=\"font-weight: 400;\">Statista<\/span><\/a><\/li>\n<li style=\"font-weight: 400;\"><a href=\"https:\/\/www.statista.com\/statistics\/387199\/us-consumption-share-of-beverages-by-segment\/#:~:text=In%202018%2C%20bottled%20water%20accounted,least%20favorite%20beverages%20that%20year.\" target=\"_blank\" rel=\"noopener\"><span style=\"font-weight: 400;\">Statista<\/span><\/a><\/li>\n<li style=\"font-weight: 400;\"><a href=\"https:\/\/www.statista.com\/statistics\/306836\/us-per-capita-consumption-of-soft-drinks\/\" target=\"_blank\" rel=\"noopener\"><span style=\"font-weight: 400;\">Statista<\/span><\/a><\/li>\n<li style=\"font-weight: 400;\"><a href=\"https:\/\/www.statista.com\/outlook\/20020000\/109\/soft-drinks\/united-states\" target=\"_blank\" rel=\"noopener\"><span style=\"font-weight: 400;\">Statista<\/span><\/a><\/li>\n<li style=\"font-weight: 400;\"><a href=\"https:\/\/www.statista.com\/statistics\/695690\/frequency-of-soft-drink-consumption-by-country\/\" target=\"_blank\" rel=\"noopener\"><span style=\"font-weight: 400;\">Statista<\/span><\/a><\/li>\n<li style=\"font-weight: 400;\"><a href=\"https:\/\/www.statista.com\/statistics\/228196\/regular-soft-drinks-consumption-usa\/\" target=\"_blank\" rel=\"noopener\"><span style=\"font-weight: 400;\">Statista<\/span><\/a><\/li>\n<li style=\"font-weight: 400;\"><a href=\"https:\/\/www.statista.com\/statistics\/679881\/americans-daily-tea-consumption\/\" target=\"_blank\" rel=\"noopener\"><span style=\"font-weight: 400;\">Statista<\/span><\/a><\/li>\n<li style=\"font-weight: 400;\"><a href=\"https:\/\/www.statista.com\/statistics\/456366\/total-us-coffee-per-capita-consumption-by-age-group\/\" target=\"_blank\" rel=\"noopener\"><span style=\"font-weight: 400;\">Statista<\/span><\/a><\/li>\n<li style=\"font-weight: 400;\"><a href=\"https:\/\/www.statista.com\/topics\/1513\/tea-market\/\" target=\"_blank\" rel=\"noopener\"><span style=\"font-weight: 400;\">Statista<\/span><\/a><\/li>\n<li style=\"font-weight: 400;\"><a href=\"https:\/\/www.statista.com\/statistics\/281585\/us-spirits-unit-sales-by-brand\/\" target=\"_blank\" rel=\"noopener\"><span style=\"font-weight: 400;\">Statista<\/span><\/a><\/li>\n<li style=\"font-weight: 400;\"><a href=\"https:\/\/www.thebusinessresearchcompany.com\/report\/non-alcoholic-beverages-global-market-report-2020-30-covid-19-impact-and-recovery\" target=\"_blank\" rel=\"noopener\"><span style=\"font-weight: 400;\">The Business Research Company<\/span><\/a><\/li>\n<li style=\"font-weight: 400;\"><a href=\"https:\/\/www.thedrinksbusiness.com\/2019\/01\/us-alcohol-sales-increased-by-5-1-in-2018\/\" target=\"_blank\" rel=\"noopener\"><span style=\"font-weight: 400;\">The Drinks business<\/span><\/a><\/li>\n<li style=\"font-weight: 400;\"><a href=\"https:\/\/thehill.com\/policy\/healthcare\/478235-americans-drink-about-23-gallons-of-alcohol-a-year-study#:~:text=Americans%20drink%2C%20on%20average%2C%202.3,analysis%20of%20federal%20health%20statistics.\" target=\"_blank\" rel=\"noopener\"><span style=\"font-weight: 400;\">The Hill<\/span><\/a><\/li>\n<li style=\"font-weight: 400;\"><a href=\"https:\/\/www.webmd.com\/vitamins\/ai\/ingredientmono-980\/coffee#:~:text=Coffee%20is%20LIKELY%20SAFE%20for,rate%2C%20and%20other%20side%20effects.\" target=\"_blank\" rel=\"noopener\"><span style=\"font-weight: 400;\">WebMD<\/span><\/a><\/li>\n<\/ul>\n","protected":false},"excerpt":{"rendered":"<p>The beverage industry covers everything from bottled water and carbonated drinks to alcoholic beverages. These [&hellip;]<\/p>\n","protected":false},"author":22,"featured_media":3019,"comment_status":"closed","ping_status":"closed","sticky":false,"template":"","format":"standard","meta":{"_acf_changed":false,"footnotes":"","_jetpack_memberships_contains_paid_content":false},"categories":[133,134],"tags":[150,151,153],"acf":[],"jetpack_sharing_enabled":true,"jetpack_featured_media_url":"https:\/\/healthcareers.co\/wp-content\/uploads\/2020\/08\/drinks-2578446_1920.jpg","_links":{"self":[{"href":"https:\/\/healthcareers.co\/wp-json\/wp\/v2\/posts\/3018"}],"collection":[{"href":"https:\/\/healthcareers.co\/wp-json\/wp\/v2\/posts"}],"about":[{"href":"https:\/\/healthcareers.co\/wp-json\/wp\/v2\/types\/post"}],"author":[{"embeddable":true,"href":"https:\/\/healthcareers.co\/wp-json\/wp\/v2\/users\/22"}],"replies":[{"embeddable":true,"href":"https:\/\/healthcareers.co\/wp-json\/wp\/v2\/comments?post=3018"}],"version-history":[{"count":2,"href":"https:\/\/healthcareers.co\/wp-json\/wp\/v2\/posts\/3018\/revisions"}],"predecessor-version":[{"id":3025,"href":"https:\/\/healthcareers.co\/wp-json\/wp\/v2\/posts\/3018\/revisions\/3025"}],"wp:featuredmedia":[{"embeddable":true,"href":"https:\/\/healthcareers.co\/wp-json\/wp\/v2\/media\/3019"}],"wp:attachment":[{"href":"https:\/\/healthcareers.co\/wp-json\/wp\/v2\/media?parent=3018"}],"wp:term":[{"taxonomy":"category","embeddable":true,"href":"https:\/\/healthcareers.co\/wp-json\/wp\/v2\/categories?post=3018"},{"taxonomy":"post_tag","embeddable":true,"href":"https:\/\/healthcareers.co\/wp-json\/wp\/v2\/tags?post=3018"}],"curies":[{"name":"wp","href":"https:\/\/api.w.org\/{rel}","templated":true}]}}