In examining the US breweries industry's gross output forecast from 2024 to 2028, the sector exhibits a gradual upward trajectory. Starting at $41.84 billion in 2024, the output is anticipated to grow consistently through 2028, reaching $44.44 billion. This represents a steady year-on-year growth rate, with an estimated compound annual growth rate (CAGR) reflecting a stable expansion over the period. In comparison, the industry stood at $41.32 billion in 2023, aligning with the anticipated forecasted increases.
Future trends to watch for include:
- Potential shifts in consumer preferences towards craft and specialty beers, impacting market dynamics.
- The influence of economic factors such as inflation and disposable income on consumption patterns.
- Regulatory changes and sustainability initiatives altering production processes and supply chains.
- Technological advancements in brewing impacting efficiency and product offerings.
