The beverage production volume in the US stood at 89.17 billion USD in 2023. The forecasted data from 2024 to 2028 show a slight, consistent decline in production volumes. For 2024, the value is predicted at 89.05 billion USD, followed by minimal year-on-year decreases to 88.57 billion USD by 2028. Year-on-year percentage variations indicate minor declines of approximately 0.13% each year. Over the last two years (2022-2023), the trend mirrors a slight decrease, aligning with the forecasted trend. The compounded annual growth rate (CAGR) from 2024-2028 averages a nominal decline of approximately 0.15% per year.
Future trends to watch in the beverage industry include increased consumer demand for healthier and functional beverages, the impact of sustainability initiatives on production processes, and potential economic factors influencing consumer purchasing power. These trends could either mitigate or exacerbate the forecasted decline in production volumes.
