United States (US) Beverages Consumption Trends and Forecasts Tracker, Q3 2023
All the vital news, analysis, and commentary curated by our industry experts.
US Beverages Market Overview
The US beverages market size was valued at 58.85 billion liters (BL) in Q3 2023. The US beverages market research report has recorded essential data on key products, their categories, and their consumption volume in the country for Q3 2023. Furthermore, the report precisely lists new product launches and highlights the latest beverage industry performance and developments every quarter.
Buy the Full Report for More Insights on the United States (US) US Beverages Market Forecast,
Download a Free Sample Report
|Consumption Volume (Q3 2023)
|58.85 Billion Liters (BL)
|· Soft Drinks
· Hot Drinks
· Dairy and Soy Drinks and Milk Alternatives
· Alcoholic Drinks
|Enquire & Decide
|Discover the perfect solution for your business needs. Enquire now and let us help you make an informed decision before making a purchase.
US Beverages Market Segmentation by Categories
The key categories in the US beverages market are soft drinks, hot drinks, dairy and soy drinks and milk alternatives, and alcoholic drinks. In Q3 2023, soft drinks was the leading category.
Soft drinks: The category can be further segmented into packaged water, flavored water, carbonates, juice, nectars, still drinks, iced/RTD tea drinks, energy drinks, and bulk/HOD water. Among the segments, packaged water accounted for the highest volume in Q3 2023.
Hot drinks: The category can be further segmented into hot coffee, hot tea, and other hot drinks. Among the segments, hot coffee accounted for the highest volume in Q3 2023.
Dairy and soy drinks and milk alternatives: The category can be further segmented into condensed milk, drinking yogurt, evaporated milk, fermented milk, flavored milk, grain, nut, rice, and seed milk, and alternative drinks, soymilk, and white milk. Among the segments, white milk accounted for the highest volume in Q3 2023.
Alcoholic drinks: The category can be further segmented into beer, cider, flavored alcoholic beverages, fortified wine, brandy, gin & genever, liqueurs, rum, sparkling wine, specialty spirits, and still wine, among others. Among the segments, beer accounted for the highest volume in Q3 2023.
US Beverages Market Analysis by Categories, Q3 2023 (%)
Buy the Full Report for More Category Insights into the US Beverages Market,
Download a Free Sample Report
Segments Covered in the Report
US Beverages Market Segments Outlook (Volume, Billion Liters, Q3 2023)
- Soft Drinks
- Packaged Water
- Enhanced water
- Flavored Water
- Still Drinks
- Fruit Powders
- Iced/RTD Tea Drinks
- Iced/RTD Coffee Drinks
- Sports Drinks
- Energy Drinks
- Bulk/HOD Water
- Hot Drinks
- Hot Coffee
- Hot Tea
- Other Hot Drinks
- Dairy and Soy Drinks and Milk Alternatives
- Condensed Milk
- Drinking Yogurt
- Evaporated Milk
- Fermented Milk
- Flavored Milk
- Grain, Nut, Rice, and Seed Milk, and Alternative Drinks
- White Milk
- Alcoholic Drinks
- Flavored Alcoholic Beverages
- Fortified Wine
- Gin & Genever
- Non-Alcoholic Spirits Drinks
- Sparkling Wine
- Specialty Spirits
- Still Wine
- Tequila & Mezcal
The report provides:
- Top line consumption volumes for Q3-2023 vs Q3-2022, moving annual totals (MAT), full-year 2022 provisional data, and 2023 forecasts for all beverage categories.
- Carbonates consumption data for Q3-2023 vs Q3-2022, moving annual totals (MAT), the full year 2022 provisional data, and 2023 forecasts split by regular vs low calorie, and key flavor.
- An economic mood indicator with an at-a-glance assessment of industry confidence levels, private label performance vs brands, and price trends.
- Insightful analysis of the drivers behind the latest quarterly trends and assumptions for the full year 2023.
Reasons to Buy
- Gain an in-depth understanding of the most up-to-date trends in the US beverage industry to support and enhance your strategic planning.
- Investigate the latest quarterly and emerging annual trends in the US to back your marketing initiatives.
- Analyze the latest beverage category 2023 forecast projections to make well-informed decisions on the outlook in the marketplace for your company.
- View a selection of the key quarterly new soft drinks product launches and identify competitor activity.
- Access a quarterly Special Focus on a current industry ‘hot topic’ offering qualitative insight from local consultants to determine opportunities for product innovation.
Table of Contents
Table of Contents
1. Executive Summary
2. At A Glance
3. Market Environment
4. Category Summary, Outlook and New Products
Dairy & Soy Drinks & Milk Alternatives
5. Quarterly Industry Updates
6. Data Tables
7. Forecasting Methodology
Frequently asked questions
What was the US beverages market consumption volume in Q3 2023?
The beverage market consumption volume in the US was valued at 58.85 billion liters (BL) in Q3 2023.
What are the key categories in the US beverages market?
The key categories in the US beverages market are soft drinks, hot drinks, dairy and soy drinks and milk alternatives, and alcoholic drinks.
Which was the leading category in the US beverages market in Q3 2023?
In Q3 2023, soft drinks was the leading category in the US beverages market.
What are the key sub-segments in the soft drinks category?
The key sub-segments in the US soft drinks category are packaged water, flavored water, carbonates, juice, nectars, still drinks, iced/RTD tea drinks, energy drinks, and bulk/HOD water among others.
Tel +44 20 7947 2745
Every customer’s requirement is unique. With over 220,000 construction projects tracked, we can create a tailored dataset for you based on the types of projects you are looking for. Please get in touch with your specific requirements and we can send you a quote.
Business Intelligence & Marketing Manager, SAL Heavy Lift
“The GlobalData platform is our go-to tool for intelligence services. GlobalData provides an easy way to access comprehensive intelligence data around multiple sectors, which essentially makes it a one-for-all intelligence platform, for tendering and approaching customers.
GlobalData is very customer orientated, with a high degree of personalised services, which benefits everyday use. The highly detailed project intelligence and forecast reports can be utilised across multiple departments and workflow scopes, from operational to strategic level, and often support strategic decisions. GlobalData Analytics and visualisation solutions has contributed positively when preparing management presentations and strategic papers.”
Market Analyst & Management, Liebherr-Werk
“COVID-19 has caused significant interference to our business and the COVID-19 intelligence from GlobalData has helped us reach better decisions around strategy. These two highlights have helped enormously to understand the projections into the future concerning our business units, we also utilise the project database to source new projects for Liebherr-Werk to use as an additional source to pitch for new business.”
Head of Key Accounts, Saab AB
Your daily news has saved me a lot of time and keeps me up-to-date with what is happening in the market, I like that you almost always have a link to the source origin. We also use your market data in our Strategic Business Process to support our business decisions. By having everything in one place on the Intelligence Center it has saved me a lot of time versus looking on different sources, the alert function also helps with this.
Marketing Intelligence Manager, Portugal Foods
Having used several other market research companies, I find that GlobalData manages to provide that ‘difficult-to-get’ market data that others can’t, as well as very diverse and complete consumer surveys.
Head of Customer Insight and Research, Standard Chartered
Our experience with GlobalData has been very good, from the platform itself to the people. I find that the analysts and the account team have a high level of customer focus and responsiveness and therefore I can always rely on. The platform is more holistic than other providers. It is convenient and almost like a one stop shop. The pricing suite is highly competitive and value for our organisation.
I like reports that inform new segments such as the analysis on generation Z, millennials, the impact of COVID 19 to our banking customers and their new channel habits. Secondly the specialist insight on affluent sector significantly increases our understanding about this group of customers. The combination of those give us depth and breadth of the evolving market.
I’m in the business of answering and helping people make decisions so with the intelligence center I can do that, effectively and efficiently. I can share quickly key insights that answer and satisfy our country stakeholders by giving them many quality studies and primary research about competitive landscape beyond the outlook of our bank. It helps me be seen as an advisory partner and that makes a big difference. A big benefit of our subscription is that no one holds the whole data and because it allows so many people, so many different parts of our organisation have access, it enables all teams to have the same level of knowledge and decision support.
Head of Consumer Sensory Insights, Givaudan
“I know that I can always rely on Globaldata’s work when I’m searching for the right consumer and market insights. I use Globaldata insights to understand the changing market & consumer landscape and help create better taste & wellbeing solutions for our customers in food, beverage and healthcare industries.
Globaldata has the right data and the reports are of very high quality compared to your competitors. Globaldata not only has overall market sizes & consumer insights on food & beverages but also provides insights at the ingredient & flavour level. That is key for B2B companies like Givaudan. This way we understand our customers’ business and also gain insight to our unique industry”
Senior Account Manager, TSYS
GlobalData provides a great range of information and reports on various sectors that is highly relevant, timely, easy to access and utilise. The reports and data dashboards help engagement with clients; they provide valuable industry and market insights that can enrich client conversations and can help in the shaping of value propositions. Moreover, using GlobalData products has helped increase my knowledge of the finance sector, the players within it, and the general threats and opportunities.
I find the consumer surveys that are carried out to be extremely beneficial and not something I have seen anywhere else. They provided an insightful view of why and which consumers take (or don’t) particular financial products. This can help shape conversations with clients to ensure they make the right strategic decisions for their business.
One of the challenges I have found is that data in the payments space is often piecemeal. With GD all of the data I need is in one place, but it also comes with additional market reports that provide useful extra context and information. Having the ability to set-up alerts on relevant movements in the industry, be it competitors or customers, and have them emailed directly to me, ensures I get early sight of industry activity and don’t have to search for news.