GITNUX MARKETDATA REPORT 2024

US Alcohol Industry Statistics And Trends in 2024

Our Newsletter

The Business Week In Data

Sign up for our newsletter and become the navigator of tomorrow's trends. Equip your strategy with unparalleled insights!

Table of Contents

The US alcohol industry is a major contributor to the economy, with an estimated revenue of $146.25 billion in 2020. This article will explore some key statistics about this sector, including market share by beverage type and growth projections for 2021-2028.

We’ll also look at craft beer production volume, winery numbers, direct to consumer sales figures and more. Finally we’ll examine how the COVID-19 pandemic has impacted alcohol consumption in the United States over the past year.

The Most Important Statistics
In 2020, the US alcohol industry revenue was estimated at around $146.25 billion. This statistic is a testament to the immense size and scope of the US alcohol industry. It highlights the sheer magnitude of the industry’s economic impact, and serves as a reminder of the importance of the industry to the US economy. It also serves as a benchmark for measuring the industry’s performance in the future. The US beer market made up 49.8% of the alcoholic beverage market in 2020. This statistic is a telling indication of the US beer market’s dominance in the alcoholic beverage industry. It highlights the importance of the US beer market in the overall alcoholic beverage market, and serves as a reminder of the immense potential of the US alcohol industry.

Us Alcohol Industry Statistics Overview

The spirits sector of the US alcohol market generated revenue of $36.97 billion in 2020.

This statistic is a testament to the immense success of the spirits sector in the US alcohol market in 2020. It highlights the impressive growth of the sector, and serves as a reminder of the immense potential of the US alcohol industry. It is a valuable insight into the current state of the industry, and provides a glimpse into the future of the US alcohol market.

Wine accounted for 30.7% of the total alcoholic beverage sales in the United States in 2020.

This statistic is a telling indication of the importance of wine in the US alcohol industry. It highlights the fact that wine is a major player in the market, accounting for a significant portion of total sales. This statistic is especially relevant in a blog post about US alcohol industry statistics, as it provides a valuable insight into the industry’s dynamics.

In 2020, the US craft beer production volume was 23.1 million barrels.

This statistic is a telling indication of the US craft beer industry’s success in 2020. It demonstrates that despite the challenges posed by the pandemic, craft beer production was able to remain strong and even increase from the previous year. This is a testament to the resilience of the craft beer industry and its ability to adapt to changing circumstances.

In 2019, the United States had approximately 10,263 wineries.

This statistic is a telling indication of the size and scope of the US alcohol industry. It demonstrates the sheer number of wineries operating in the US, and the potential for growth in the industry. It also speaks to the popularity of wine in the US, and the potential for further expansion of the industry. This statistic is an important piece of information for anyone looking to gain insight into the US alcohol industry.

The US alcohol market is expected to grow at a CAGR of 3.1% from 2021 to 2028.

This statistic is a key indicator of the potential for growth in the US alcohol market. It shows that the industry is expected to expand at a steady rate over the next few years, indicating that there is a strong demand for alcoholic beverages in the US. This is an important piece of information for anyone interested in the US alcohol industry, as it provides insight into the potential for success in the sector.

In 2019, the wholesale value of the US craft spirits market was estimated at $3.7 billion.

This statistic is a testament to the immense growth of the US craft spirits market, highlighting the fact that it has become a major player in the alcohol industry. It is indicative of the increasing demand for craft spirits, and the potential for further growth in the future. This statistic is an important piece of information for anyone looking to gain insight into the US alcohol industry, and provides a valuable snapshot of the current state of the market.

Direct to consumer wine sales in the US reached more than $3.2 billion in 2019.

This statistic is a testament to the growing popularity of direct to consumer wine sales in the US, highlighting the immense potential of the US alcohol industry. It is a clear indication that the industry is thriving and that consumers are increasingly turning to direct to consumer wine sales as a convenient and cost-effective way to purchase their favorite wines. This statistic is an important piece of information for anyone interested in the US alcohol industry and its future prospects.

In 2020, there were 8,884 craft breweries operating in the United States.

This statistic is a telling indication of the booming craft beer industry in the United States. It speaks to the growing popularity of craft beer and the increasing number of breweries that are popping up across the country. It also highlights the potential for growth in the US alcohol industry, as more and more people are turning to craft beer as their beverage of choice.

The state of California had the highest number of breweries in the US in 2020, with 958 breweries.

This statistic is a testament to the booming alcohol industry in California. It speaks to the immense popularity of craft beer and the growing demand for locally-made brews. It also highlights the state’s commitment to supporting small businesses and entrepreneurs in the alcohol industry. This statistic is a great example of how the US alcohol industry is thriving and is sure to be of interest to readers of the blog post.

The alcoholic beverage e-commerce channel in the US saw a surge of 42% growth in 2020.

This statistic is a testament to the resilience of the US Alcohol Industry in the face of the pandemic. Despite the economic downturn, the e-commerce channel saw a significant increase in growth, indicating that the industry is still thriving. This statistic is a valuable insight into the current state of the US Alcohol Industry and provides a glimpse into its future prospects.

More than 3.3 million jobs were generated in the alcohol industry in the United States in 2020.

This statistic is a testament to the immense economic impact of the alcohol industry in the United States. It highlights the fact that the industry is a major employer, providing jobs to millions of people across the country. This statistic is a powerful reminder of the importance of the alcohol industry in the US economy and its potential for continued growth.

As of 2020, the average annual wage for employees in the beer, wine, and liquor retail industry in the United States was around $37,000.

This statistic is a valuable insight into the financial health of the US alcohol industry, providing a glimpse into the average annual wage of those employed in the sector. It is an important indicator of the industry’s overall economic performance, as it reflects the wages of those who are directly involved in the production and sale of alcoholic beverages. This statistic can be used to compare the wages of those in the alcohol industry to other industries, and to assess the overall financial health of the sector.

The U.S. had over 84,000 alcohol-selling retailers in 2017.

This statistic is a telling indication of the size and scope of the US alcohol industry. It demonstrates the sheer number of retailers selling alcohol, and the prevalence of alcohol in the US. This statistic is an important piece of information for anyone looking to gain a better understanding of the US alcohol industry.

In 2020, almost 54% of U.S. adults claimed to drink alcohol at least once a week.

This statistic is a telling indication of the prevalence of alcohol consumption in the United States. It highlights the importance of the alcohol industry in the country, and how it has become a part of the culture and lifestyle of many Americans. It also serves as a reminder of the potential risks associated with excessive alcohol consumption, and the need for responsible drinking.

By 2024, it is estimated that the whiskey market in the United States will reach nearly $16.8 billion in value.

This statistic is a testament to the immense potential of the whiskey market in the United States. It highlights the fact that the whiskey industry is growing rapidly and is expected to reach a staggering $16.8 billion in value by 2024. This is a significant milestone for the US alcohol industry and provides an opportunity for businesses to capitalize on the growing demand for whiskey.

In 2020, alcohol sales in the United States increased by 336% in March compared to the previous year due to the COVID-19 pandemic.

This statistic is a telling indication of the impact the COVID-19 pandemic has had on the US alcohol industry. It demonstrates the dramatic shift in consumer behavior, with people turning to alcohol as a coping mechanism during the pandemic. This statistic is an important piece of information to consider when discussing the US alcohol industry, as it provides insight into the current state of the industry and how it has been affected by the pandemic.

Conclusion

The US alcohol industry is a major contributor to the economy, with an estimated revenue of $146.25 billion in 2020. Beer was the most popular alcoholic beverage category that year, accounting for 49.8% of total sales, followed by spirits at 25%, wine at 30.7%, and craft beer production volume reaching 23 million barrels.

The number of wineries and distilleries operating in 2019 were 10263 and 1946 respectively, while there were 8884 craft breweries across all states in 2020 with California having the highest number (958). Alcohol e-commerce saw a surge due to the COVID-19 pandemic as direct to consumer wine sales reached over $3 billion while hard seltzer sales grew 130%.

It is expected that the whiskey market will reach nearly $16 billion by 2024 whereas more than 3 million jobs are generated from this sector annually with average annual wage being around 37000 dollars per employee working in retail stores selling beer, wines or liquors which numbered 84 thousand back 2017 when 54 percent adults claimed drinking alcohol weekly on average basis .

References

0. – https://www.grandviewresearch.com

1. – https://www.datausa.io

2. – https://www.prnewswire.com

3. – https://www.nytimes.com

4. – https://www.rabobank.com

5. – https://www.brewersassociation.org

6. – https://www.statista.com

7. – https://www.responsibility.org

8. – https://www.craftspiritsmag.com

9. – https://www.nielsen.com

FAQs

What is the annual revenue generated by the US alcohol industry?

The US alcohol industry generates approximately $240 billion in annual revenue.

What percentage of adults in the US report consuming alcohol in the past year?

About 70% of adults in the United States report consuming alcohol in the past year.

What is the most popular alcoholic beverage in the United States?

Beer is the most popular alcoholic beverage in the US, accounting for about 49% of the market, followed by wine (33%) and spirits (25%).

How many jobs does the US alcohol industry support?

The US alcohol industry supports around 4 million jobs, including employment in production, distribution, sales, and other related services.

What is the tax revenue generated by the US alcohol industry?

Federal, state, and local governments collect approximately $20 billion in tax revenue annually from the alcohol industry.

How we write our statistic reports:

We have not conducted any studies ourselves. Our article provides a summary of all the statistics and studies available at the time of writing. We are solely presenting a summary, not expressing our own opinion. We have collected all statistics within our internal database. In some cases, we use Artificial Intelligence for formulating the statistics. The articles are updated regularly.

See our Editorial Process.

Table of Contents

... Before You Leave, Catch This! 🔥

Your next business insight is just a subscription away. Our newsletter The Week in Data delivers the freshest statistics and trends directly to you. Stay informed, stay ahead—subscribe now.

Sign up for our newsletter and become the navigator of tomorrow's trends. Equip your strategy with unparalleled insights!