Ethyl alcohol sales in the US have shown variability over the past decade, with notable declines in 2015 and 2016. However, since 2017, the market has mostly experienced modest growth, with a peak in 2021 and steady increases up to 2023 where the value stood at 30.93 Billion US Dollars. The year-on-year variation in the last two years was 2.08% in 2022 and 2% in 2023. The CAGR over the last five years has been relatively stable at around 2.17%.
Future trends to watch for:
- Continued incremental growth as forecasted with an average annual increase of 1.53% from 2023 to 2028.
- A total projected growth rate of 7.9% over the next five years.
