From 2013 to 2023, the US beverage industry has seen fluctuating values, peaking in 2023 at $99.26 billion. Historical data highlights periods of both growth and contraction, with the lowest point in 2020 at $90.29 billion. Over the last two years, the industry's output increased by 1.36% in 2022 and 1.63% in 2023. The Compound Annual Growth Rate (CAGR) over the last five years stands at 1.42%. Forecasts predict a continued upward trend, reaching $107.0 billion by 2028, with a projected 5-year CAGR of 1.19%, signifying a steady growth trajectory.

Future trends to watch for:

Introduction and growth of functional beverages, such as those with health benefits or added supplements.
Increased preference for sustainable packaging and eco-friendly production processes.
Continuing growth in the low-sugar and non-alcoholic beverage segments.