U.S. Beer Industry Posts Third Consecutive Year of Increases — Economy Effects Beer Trends
NORWALK, Conn., Sept. 21 /PRNewswire/ — The beer industry posted its third consecutive year of increased volume last year climbing 0.5%. However, the landscape of the industry changed dramatically and results for the first half of 2009 have not been as positive as originally forecast. The growth of the distilled spirits and wine industries continues to take market share away from beer industry, albeit at a slower rate in 2008 than previously.
According to the Beverage Information Group’s recently released 2009 Beer Handbook light beers’ popularity hasn’t waned. In fact, it has grown to become the largest beer segment controlling more than half of the beer market. Consumers continue to consume more light/low-carbohydrate beer offerings. Last year’s successful launch of Bud Light Lime helped the Light beer segment gain 2.1%.
Ice and popular segments have also gained volume. These categories benefited from consumers trading down in the recessionary environment with ice gaining 4.0% and popular beers seeing its first upturn in more than 20 years with a 0.3% gain to 232.6 million cases. Another direct result of trading down can be seen in the decline of imported beer, which lost 5.4% to 386.1 million cases last year.
“Lights have gained ground continuously since their arrival almost 30 years ago and show no signs of slowing down,” says Eric Schmidt, manager of information services for the Beverage Information Group based in Norwalk, Connecticut. “Light is forecast to grow 2.0% on an annual compound growth rate over the next five years.” The popular beer segment is also expected to continue its positive momentum, while imports, predicted to lose volume in 2009, will slowly recover over the next five years as the economy emerges from the recession.
Containing the latest sales and consumption data for beer and other malt beverages, the 2009 Beer Handbook also includes analysis by segment, pricing, long-term trends, category development indices and future projections.
The cost of the 2009 Beer Handbook is $745; handbook with companion CD is $915. Shipping and handling is $10 for U.S. and Canadian orders, $20 for international orders. The handbook and CD can be purchased at www.beveragehandbooks.com or by calling Cynthia Porter at (630) 762-8709.
Contacts: The Beverage Information Group Eric Schmidt, manager of information services email@example.com Cynthia Porter, Handbook sales (630) 762-8709 firstname.lastname@example.org
SOURCE Beverage Information Group