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SOURCE Technomic, Inc.
Select brands, categories, contribute to momentum and re-shape the market
CHICAGO, Oct. 1, 2013 /PRNewswire/ -- The beer industry reversed its downward trend of recent years to post both volume and dollar gains in 2012, but the momentum is slowing in 2013. The just-released 2013 BeerTAB (Trends in Adult Beverage) Report reveals that following a 1.3 percent decline in 2011, total beer volume increased 1.2 percent to 2.8 billion 2.25-gallon cases, and retail dollars rose 3.5 percent to $62.3 billion*. The report demonstrates that as consumer preferences evolve, the beer market landscape is changing.
"Mainstream domestic beer performance was buoyed somewhat by the continued growth of super-premium labels such as Blue Moon and the retro-hip brands including Pabst Blue Ribbon. The mainstream domestic category's rate of decline slowed in 2013," says Eric Schmidt, Director of Research at Technomic. "Light beer remained the largest category, and volume expanded slightly as Bud Light was flat, Coors Light grew and Bud Light Platinum added 20,000 cases to the market."
Schmidt added that the largest beer categories faired considerably better in 2012 than they did in 2011, although the industry's momentum really came from imported and craft beer, flavored malt beverage and cider.
[View related INFOGRAPHIC: Spotlight on Beer]
Other key findings of the 2013 BeerTAB report include:
The 2013 BeerTAB Report is part of Technomic's Trends in Adult Beverage series, and provides in-depth national volume and sales information on beer categories, brands and companies, as well as consumer insights, all presented with expert analysis and forecasting. New in the report this year are extensive beer advertising metrics.
To purchase or learn more about BeerTAB, WineTAB and SpiritsTAB, as well as other industry reports and services for adult beverage suppliers, including the online DRINK database, please visit Technomic or contact one of the individuals listed below.
*Retail sales are understated because on-premise sales are estimated at retail price.
Technomic provides clients with the facts, insights and consulting support they need to enhance their business strategies, decisions and results. Its services include numerous publications and digital products, as well as proprietary studies and ongoing research on all aspects of the food industry.
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