Thanks to rapid urbanization and increased disposable income in countries worldwide, the demand for beverages is growing steadily. Ultimately, the industry will experience significant growth in the future.
Let’s delve into this extraordinary world of the beverage industry. We have put together only the most reputable and recent statistics on the global and US market, the industry leaders, and some exciting consumption statistics. Let’s check it out!
Top 10 Beverage Industry Statistics and Facts
- The global beverage industry was worth $1.54 trillion in 2018.
- The global food and beverage sector is projected to hit $7.5 trillion in 2023.
- The global non-alcoholic beverage segment was worth $919.13 billion in 2019.
- The global RTD tea drinks market was worth $38,540 million in 2020.
- In 2019, the global alcoholic beverage sector was worth $515.2 billion.
- The US beverage sales were expected to reach $160 billion by the end of 2020.
- In 2019, ready-to-drink (RTD) tea generated approximately $7.9 billion in sales.
- Alcoholic beverages sales in the USA amounted to $249 billion in 2021.
- In 2019, 82% of all beers sold in the US were produced domestically.
- Coca-Cola Energy was deemed one of the 2020 Innovations of the Year.
Global Beverage Industry Statistics
Beverages production and consumption are increasing worldwide, and many beverage markets are expanding despite the pandemic.
This section presents beverage industry statistics of 2021 and the recent past, so sit back and discover all the essential details about the beverage industry.
1. The global beverage industry was worth $1.54 trillion in 2018.
Beverage Industry statistics reveal the market is expected to register a CAGR of 3.1% between 2019–2024.
By the end of 2024, the global beverage industry is expected to be worth $1.86 trillion, with the Asia-Pacific region dominating the market.
2. The global food and beverage sector is projected to hit $7.5 trillion in 2023.
Experts predict a stable growth at 7% CAGR. The expected growth for the 2021–2023 period is much faster than the 2020 2.9% compound annual growth rate.
According to the global food and beverage industry statistics, the previous slower growth rate can be attributed to the devastating effects of the COVID-19 pandemic.
3. In 2019, the Asia-Pacific was the largest region in the food and beverage industry.
In that year, Asia Pacific dominated the industry, accounting for 46% of the global market. North America came second, making up 24%, while Africa held the industry’s smallest share.
4. The global non-alcoholic beverage segment was worth $919.13 billion in 2019.
The worldwide non-alcoholic beverage industry market is expected to accumulate a CAGR of 8.20% between 2020–2027.
The global non-alcoholic market is projected to be worth $1,257.77 billion at the end of 2027.
5. The global RTD tea drinks market was worth $38,540 million in 2020.
(The Cowboy Channel)
According to beverage industry statistics from 2021, the global ready-to-drink tea market could hit $51,570 million by 2026, growing at a CAGR of 4.2%.
The increase in demand is likely driven by the consumers’ fast-paced and busy lifestyles, the RTD’s refreshing properties, and its practicality.
6. In 2019, the United States dominated the worldwide non-alcoholic drinks market.
In that year, the US non-alcoholic drinks industry generated $338,184.81 million in revenue. China followed with $94,408.07 million and Japan with $62,641.92 million.
7. Brazil is the biggest producer and exporter of coffee beans worldwide.
The non-alcoholic beverage industry statistics indicate that Brazil is responsible for 36% of global coffee production.
The country dominates the global market by accounting for a whopping 80% of the coffee market. Europe remains the largest consumer, accounting for 28% of worldwide consumption.
8. Tea is the most popular drink in the world, after water.
(Zegrahm Expeditions, Statista)
Statistics show that the world consumed 6.6 billion kg (14.5 billion lbs) of tea in 2021.
The global consumption is expected to increase over the next four years and amount to 7.4 billion by 2025.
9. About 159 million Americans drink tea every day.
(Tea Association of the USA, Zegrahm Expeditions)
The beverage industry competition in the US is fierce. Still, tea found its way to the top, becoming the beverage found in 80% of US households.
The fact that four in five US citizens drink tea (87% of consumers are millennials) shows that tea consumption is undeniably growing, leading to the expansion of the US beverage market.
10. The global tea market size was worth more than $52 billion in 2018.
The international tea market is expected to grow to $81 billion by 2026.
The beverage industry facts show that China leads the global market, producing 2.62 million metric tons of tea in 2018.
11. In 2018, the global energy drinks market was valued at $53.01 billion.
The global energy drinks market is projected to register a 7.20% growth rate between 2019–2026. The market is projected to be worth $86.01 billion by the end of 2026.
12. Reorientation towards health is changing the US beverage market.
This is one of the most compelling US beverage industry facts of 2020. Today, people are much more aware of the importance of beverages to their health and are focused on well-being more than ever.
The increased demand for healthier natural products, better protein sources, more sustainably produced beverages, and the increasing popularity of flexitarianism create entirely new beverage market sectors geared towards health.
Therefore, plant-based beverages with soy and almond milk gained traction in the recent period.
13. The US beverage sales were expected to reach $160 billion by the end of 2020.
Despite the pandemic, the beverage industry revenue was expected to increase by $10 billion from $150 billion generated in the previous period.
COVID-19 made some beverage-providing facilities such as restaurants or school cafeterias operate with limited capacity or close down completely.
However, it simultaneously increased demand for beverages in the retail sector, as people tended to stockpile beverages during the lockdown period.
14. In 2019, the global alcoholic beverage sector was worth $515.2 billion.
Due to the COVID-19 outbreak’s impact, the market was projected to grow at a CAGR of 2.6% and to be worth $528.5 billion by the end of 2020.
It is expected to recover and expand at a CAGR of 7% from 2021 to 2023.
15. The beverage industry market size (major beverage categories) could increase to $170 billion by 2024.
Experts expect demand and growth trends to go back to normal after 2022.
16. The global market for functional food and beverages could reach $274 billion in 2025.
The functional food and beverage industry growth rate will be 3.3% between 2020 and 2025.
Non-Alcoholic Beverage Industry Facts and Stats
The beverage market seems to become more promising and profitable by the day as the demand for various types of drinks increases. The increasing popularity of certain beverages led to increased profits in both alcoholic and non-alcoholic beverage companies.
Learn all about beverages production and consumption in the following paragraphs.
17. Bottled water was the most consumed type of beverage in 2018.
In that year, bottled water accounted for 25% of the beverages consumed in the United States.
In 2018, the average American consumed 40 gallons of bottled water. Carbonated soft drinks were consumed by roughly 20%.
18. Sales of flavored bottled water are expected to increase by 42%.
Sales of flavored bottled water in the US have experienced a steady increase, and it’s expected to grow further in the future.
In 2019, the beverage industry sales from flavored water amounted to about $5.64 billion. This is projected to increase to $7.29 billion by 2022.
19. Soft drink per capita consumption in the US has declined by 25%.
In 2018, soft drink consumption dipped again for the 13th year since its peak in 2002 to just 38.87 gallons per person.
While soft drink consumption declined, the consumption of bottled water has increased by more than 150%.
20. In 2019, the United States ranked second in soft drink consumption worldwide.
The beverage industry statistics from 2019 show that Mexico led the world with the highest soft drink consumption. The US followed closely, and Brazil was third.
21. Per capita juice consumption in the US is declining.
Compared to 2013, when 6.9 gallons of juice were consumed in the US, only 5.8 gallons per capita was consumed in 2018.
Total consumption for orange juice declined from over 860 metric tons in 2008 to about 530 metric tons in 2018.
22. In 2019, the sales of cannabidiol-infused beverages in the US increased significantly.
The CBD beverage industry statistics revealed that cannabidiol-infused teas and coffees experienced a massive 3,609% in sales in 2019.
This is a significant increase from the previous year, when the sales of CBD beverages declined by 57%.
23. There was an increased demand for premium alcoholic beverages in 2019.
According to the alcoholic beverages sales data, the demand for flavored and spiced rum varieties grew from under 6 million bottles in 2013 to over 10 million bottles in 2019—an 80% increase within five years.
This pushed producers to become more innovative and start releasing more high-quality, premium rum types.
24. Coffee consumption in the US amounted to roughly 26.5 million 60-kilogram bags between 2018–2019.
This increased from the previous fiscal year when coffee consumption in the country was 25.84 million 60-kilogram bags.
The beverage industry trends show that drip coffee maker usage remains the most common method among coffee drinkers in the US (45%).
25. Medium roast coffee is the most common form of coffee roast among US consumers.
A 2019 survey showed that more than half of US consumers prefer medium roast coffee. Roughly 43% of the respondents prefer dark roast coffee, while 15% opted for a lighter roast.
26. Coffee consumption in the US is more prevalent among older adults.
The food and beverage industry facts indicate that people aged 70 and older consumed roughly 2.18 cups of coffee per day in 2020. This is higher than 2.15 cups consumed by people aged between 25 and 29.
Also, 70% of Americans aged 60 and older are coffee drinkers, compared to less than 50% of 18 to 24-year-olds.
27. Northeastern states consumed the most coffee in 2020.
According to the non-alcoholic beverage industry trends, US consumers in the Northeast drank about 1.97 cups of coffee per capita per day.
Americans in the south consumed the least amount of coffee, at just 1.8 cups per day.
28. In 2019, ready-to-drink (RTD) tea generated approximately $7.9 billion in sales.
This is a notable increase from $7.78 billion in 2018. Also, in 2019, RTD tea sold approximately 860 million cases.
29. In 2018, the US energy drink market size was valued at $8.25 billion.
(Market Research Reports)
This market is projected to grow at an annual growth rate of 5.75% between 2019–2023. The US energy drink market is expected to be worth $10.91 billion by the end of 2023.
Alcoholic Beverage Industry Statistics and Facts
Many new products are being introduced to the beverage market every year. Non-alcoholic and alcoholic beverages sales data justifies this by an exponential growth in demand.
Read about the most relevant stats and facts about the non-alcohol and alcohol beverage industry, highlighting the most popular beverages on the market, the top consuming regions, etc.
30. Alcoholic beverages sales in the USA amounted to $249 billion in 2021.
Beer accounted for the largest segment with a $109 billion market volume in 2021.
However, the US figures are still far behind China, whose total revenue for that period amounted to a whopping $311.8.
31. Alcoholic beverage sales in the US have increased by 30% since 2011.
According to alcohol beverage industry statistics, the US alcoholic beverage industry has experienced a 4.3% year-over-year increase since 2011. In 2019, sales from alcoholic beverages in the country amounted to $252.82 billion.
32. Beer is the most popular alcoholic drink in the United States.
In 2018, the US per capita consumption was roughly 20.44 gallons.
Although this is a decline from 20.7 gallons in 2010, the alcohol industry statistics show that beer is still the most popular alcoholic beverage.
33. Americans residing in Midwestern states are the biggest beer drinkers.
New Hampshire has been ranked as the state that consumes the most beer.
The total beer consumption is 41.8 million gallons for New Hampshire, 30.8 million gallons for Montana, and 20.9 million gallons for North Dakota.
34. The US beer industry sells over $119.3 billion in beer and malt-based beverages yearly.
The US beverage industry statistics revealed that the US beer industry sold about 203.1 million beer barrels in 2019.
Additionally, the industry sold 2.5 million barrels of perry and cider in that year.
35. In 2019, 82% of all beers sold in the US were produced domestically.
About 18% of all beers sold were imported from over 100 different countries. According to the 2019 beverage industry overview, the average US consumer aged over 21 consumed 25.9 gallons of beer and cider.
36. Beers sold in cans accounted for 60% of all beers sold in 2019.
That year, beers sold in glass bottles made up 30%, while beers in kegs accounted for 10%.
37. A whopping 85.6% of adults consumed alcohol at some point in their lives.
A 2019 survey also showed that 69.5% of respondents drank alcohol in the year preceding the study, and 54.9% consumed a month before being surveyed.
One of the reasons for the beverage industry expansion, besides the population’s turning to a healthier lifestyle, is the increased prevalence of alcohol consumption.
Alcoholic beverages sales data showing a gradual increase in sales in the past decade (from $184 million in 2010 to $252.8 in 2019) can attest to this.
38. In 2018, the US wine market was worth $70.5 billion.
In that year, 408 million wine cases were sold. The beverage industry statistics show that about 74% were produced domestically, and 26% were imported.
39. In 2019, wine sales in the US declined by 0.9%.
(The Wall Street Journal)
Due to millennials opting for low alcohol beverages, wine sales have declined for the first time since 1994. In 2019, only 369.7 million 9-liter wine cases were sold in the country.
40. Based on gross supplier revenue, spirits were the fastest-growing alcoholic beverage in 2019.
Spirits grew by over 5% from 2018 and rose by more than 54% compared to 2008. In 2019, spirits made up 37.8% of the US alcohol beverage market share, compared to 33.3% in 2010.
Leaders in the Global Beverage Industry
Many well-known companies stand out in the global beverage market for their quality, popularity, and success. Read about these companies and their laudable achievements in the following paragraphs.
41. In 2019, Anheuser-Busch InBev was the top beverage company in the world.
Anheuser-Busch InBev led the industry by selling over $52,329 million worth of beverages in 2019. Nestle SA and The Coca-Cola Company were close competitors selling $42,115 million and $37,266 million, respectively.
42. PepsiCo was the biggest US beverage company in 2021, with nearly $67.2 billion revenue.
PepsiCo, which employs over 291,000 employees, saw a 14% increase in the company’s shares between 2020 and 2021.
Other top US beverage industry companies include:
- Coca-Cola ($37.2 billion in revenue)
- Starbucks Corporation ($26.5 billion in revenue)
- Keurig Dr Pepper ($11.1 billion in revenue)
- Molson Coors Beverage ($10.5 billion in revenue)
43. Coca-Cola Energy was deemed one of the 2020 Innovations of the Year.
Other innovative products from last year include HUZZAH Probiotic Seltzer, Lemon Perfect, Loverboy Sparkling Hard Tea, and StoneShine. However, Coca-Cola Energy stood out for specific reasons.
44. The energy drink industry is one of the fastest-growing industry sectors.
The beverage industry revenue amounted to $12.8 billion by June 2020, as more and more traditional beverage manufacturers were venturing into this lucrative sector, introducing a plethora of new unique formulas.
45. The largest and most valuable beer brand worldwide is Budweiser.
Amassing a $7.5 billion brand value, Budweiser takes the top spot as the world’s most valuable beer brand.
Other leaders in the alcohol beverage industry like Bud Light and Heineken are close competitors, at $7 billion and $6.7 billion, respectively.
46. Barefoot wine is the best-selling wine brand in the United States.
Barefoot—a wine produced by E&J Gallo Winery—leads the pack as the best-selling table-wine brand garnering over $673 million in 2020.
Sutter Home came second with sales amounting to nearly $397.6 million.
47. Jinro Soju was the world’s leading spirit brand in 2019.
(The Spirits Business)
In 2019, Jinro Soju amounted to $86.3 million in total sales by volume of beverages, marking a 10.6% increase from the previous year.
McDowell’s No. 1 was the best-selling Indian whiskey and the second best-selling spirit, selling $30.7 million cases.
48. The Coca-Cola Company was the most valuable non-alcoholic beverage company in 2019.
In that year, the Coca-Cola Company was valued at over $36 billion, making Coca-Cola the most valuable non-alcoholic beverage globally.
PepsiCo came second, with a brand value of nearly $19 billion.
49. Lipton Pure Leaf is the number one ready-to-drink tea brand in the United States.
Leading with beverages sales of over $794 million, Lipton Pure Leaf is the country’s most valued RTD tea brand.
Arizona ranks second with $580 million, and Gold Peak is in third with $425 million.
50. Red Bull is the most popular energy drink brand in the United States.
(Market Research Reports)
With a market share of 35%, Red Bull emerged as the top energy drink brand in the country. Monster, a close competitor, had a market share of 26%.
Is the beverage industry growing?
According to the global beverage market forecast from Business Wire, the industry is growing at a decent rate. In 2018, the universal beverage industry was valued at $1.54 billion.
The industry is projected to register a compound annual growth rate (CAGR) of 3.1% between 2019–2024. The industry is projected to reach $1.85 billion by the end of 2024.
The Asia-Pacific region is expected to lead the industry in the years to come due to swift urbanization and increased disposable income.
What is the most widely consumed beverage in the world?
Water is, no doubt, the most consumed beverage in the world. This is because our bodies need water to function, and losing as little as 2% of body weight in fluids can affect our physical and mental state.
The second most-consumed beverage besides water is tea, and the most consumed alcoholic drink is beer.
What is the fastest-growing segment of the beverage industry?
Frozen drinks are the fastest-growing segment of the beverage industry. Frozen drinks appeal to every generation and require minimal ingredients, making them a very profitable segment.
According to a study, 30% of the younger generations are purchasing more frozen drinks than they did several years ago.
With an increase in demand for more variety in beverage selection, more and more businesses expand their menus and invest in frozen drinks.
What is the meaning of the beverage industry?
The beverage industry is massive. It’s made up of two categories: alcoholic beverages and non-alcoholic beverages.
The alcoholic beverage category consists of wine, beer, spirits, and other alcoholic drinks. The non-alcoholic beverage category comprises bottled water, flavored bottled water, soda, juice, coffee, tea, energy drinks, and other beverages that do not contain alcohol.
The beverage industry stats show that the global beverage industry was worth $1.54 billion in 2018 and is expected to grow to $1.85 billion in 2024.
Anheuser-Busch InBev, The Coca-Cola Company, and Nestle SA are the prime leaders in the beverage industry. The industry is massive, and it will continue to grow as the demand for beverages rises worldwide.
While the sales of sugary beverages like soda and juice face a massive decline, the industry makes up for it as US consumers are drinking more bottled water than ever before.
According to the beverage industry statistics, the industry is extraordinarily profitable and will become more prominent in the future. Although the Asia Pacific region is predicted to dominate this region in the coming years, the US remains a strong international competitor.
- Beverage Daily
- Beverage Industry
- Business Wire
- Business Wire
- Business Wire
- FoodBev Media
- Frozen Beverage Dispensers
- Market Research Reports
- PR Newswire
- PR Newswire
- PR Newswire
- Tea Association of the USA
- The Cowboy Channel
- The Spirits Business
- The Wall Street Journal
- USA Today
- Zegrahm Expeditions