U.S. Beer Consumption Continues Decline; Consumers Gravitate Toward Wine and Spirits Innovations
U.S. Beer Consumption Continues Decline; Consumers Gravitate Toward Wine and Spirits Innovations
Sep 27, 2012 6
/PRNewswire/ - It was another year of declines for the beer industry. Heightened competition from other beverage alcohol segments, high unemployment rates among core consumers and a struggling economy contributed to the loss. According to the recently released Beverage Information Group's 2012 Beer Handbook, the overall beer industry lost 35.6 million 2.25 gallon cases – a 1.3% decline – to end the year at 2.787 billion cases.
Consumers are gravitating to the wine and spirits industries with their new product offerings such as flavored vodkas, category-crossing whiskey liqueurs, sweet reds and high-end blends. Meanwhile, domestic beer saw declines due to its lack of innovation and ability to connect with consumers. With the largest segment, Light beer, losing 39.2 million 2.25-gallon cases, the other beer segments could not make up for the loss. The Craft and Imported beer segments' continued success helped to offset some of the overall industries' declines, but could not fix the problem.
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