2018 Beer Report: Beer market looking to stem alcohol migration trends
Migration trends across the alcohol beverage market have challenged the beer category, which has seen increasing market share competition from the wine and spirits categories.
Migration trends across the alcohol beverage market have challenged the beer category, which has seen increasing market share competition from the wine and spirits categories.
The imported beer market has experienced volume and dollar sales growth during the past few years.
Craft brewers are turning to new product development to release more sessionable and flavorful brews.
Craft cider-makers have proven to be a bright spot for the segment, but have been unable to make up for the declines of national brands, experts note.
Currently, hard seltzer brands have garnered much of the attention with new entrants in the market while established brands have expanded their presence.
Premium products, particularly within the wine market, are gaining more favor with today’s consumers.
Within the beverage market, one segment in particular has shown the power of “local” — craft beer.