Over the observed historical period from 2013 to 2023, the sales of beer and ale barrels and kegs in the US have shown considerable fluctuations. Notably, the data indicates an initial rise from 2013 to 2014, with a significant year-on-year increase of 27.88% in 2013 and 5.27% in 2014. However, the market experienced a decline of -4.29% and -6.5% in 2015 and 2016, respectively. From 2017 onward, the market showed slight recovery and stability with a positive year-on-year variation in most years, except for a notable decrease of -16.04% in 2020, likely due to the pandemic. The years following 2020, i.e., 2021 and 2022, saw a rebound with increases of 15.74% and 6.4% respectively, although the growth rate stabilized to 1.05% in 2023, where the sales stood at 3.1949 billion US dollars. The 5-year CAGR over historical data until 2023 stands at 1.12%.
Forecasted data from 2024 to 2028 suggests a steady but modest growth trajectory, with the value reaching 3.3592 billion US dollars by 2028. The anticipated 5-year CAGR from 2024 to 2028 is forecasted at 0.85%, resulting in a collective growth rate of 4.31% over these five years.
Future trends to watch for include the impact of evolving consumer preferences towards craft beers and unique brewing techniques which could drive niche market segments. Additionally, sustainability and eco-friendly packaging may influence purchasing decisions. Macroeconomic factors, consumer spending behavior, and potential regulatory changes could also play significant roles in future market dynamics.
