Beer category’s market share increases across US chains

Published 2024년 6월 19일

Tridge summary

Sales of beer in US bar chains have seen an increase, with craft, import, and below-premium beers being the biggest sub-category winners, according to CGA by NIQ's On Premise Measurement service. Despite a 2.5% decrease in total sales by value in the year to April 2024, compared to the previous year, beer sales were 7.3% higher than in 2022. This increase has come at the expense of spirits and wine, with their shares decreasing by 1.4% and 0.3% respectively over the two-year period. The report also highlighted state-by-state trends, with Nevada seeing the fastest growth in beer's share. CGA by NIQ's regional director, Matthew Crompton, emphasized the importance of understanding these trends to make informed buying decisions and to identify market opportunities.

Disclaimer:The above summary was generated by Tridge's proprietary AI model for informational purposes.

Original content

US bar chains have witnessed sales of beer rising compared to two years ago, with the category stealing market share from spirits and wine. The boost in beer sales compared to two years prior has been highlighted by the analysts at CGA by NIQ who noted the trend via the statistics company’s On Premise Measurement (OPM) service, which tracks the latest trends in US restaurants and bars. According to the data, the analysts noted that total sales by value in the year to April 2024 were down by 2.5% from the previous 12 months, however they were 7.3% ahead of sales in the year to April 2022. CGA’s research identified how beer increased its share of total value sales by 1.5% between 2022 and 2024, with craft, import and below-premium looking likely to be the biggest sub-category winners. The data also showed how beer’s share gain had cannibalised other categories including spirits and wine, which lost 1.4% and 0.3% respectively over the two-year period. CGA’s OPM report also unveiled ...

Source: Thedrinkbusiness