On-Premises Update & 2025 Outlook – CGA by NIQ December 2024
Beer without Hard Seltzers outperformed traditional Bev-Al categories in both value and volume trend over the L52 weeks.
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Beer without Hard Seltzers outperformed traditional Bev-Al categories in both value and volume trend over the L52 weeks.
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The latest data set from NIQ showed a modest slowdown in sales growth for total bev-alc in the two-week period before June 29, according to analysis from Goldman Sachs Equity Research.
The Consumer Price Index (CPI) for beer at home remained unchanged in June at +3.1% year-over-year (YoY), according to the U.S. Bureau of Labor Statistics (BLS).
The number of craft beer drinkers who are drinking less craft beer than they were a year ago has surpassed the number of those who are drinking more for the first time since the Brewers Association (BA) started asking this question in its annual poll in 2015. BA chief economic and VP of strategy Bart Watson and staff economist Matt Gacioch shared the findings of the BA’s ninth annual Harris Poll during a Thursday webinar. Nearly 2,100 legal-drinking-age Americans were surveyed about their drinking habits.
Although beer has started to get a summer boost, producer and brand performances within the category were mixed in the last four weeks, according to the latest off-premise scans report from market research firm Circana.
Flavor-forward innovations are driving beer category growth and this trend is accelerating, according to the most recent report from Bump Williams Consulting (BWC). Of the top 25 growth brands at total U.S. off-premise outlets year-to-date (YTD) through June 15, 13 were “flavor-centric” or ready-to-drink (RTD) offerings, BWC founder Bump Williams noted, citing data from market research firm NIQ.
Beer is starting to reap the benefits of the summer selling season, according to the latest monthly beer report from market research firm Circana.
More than 4.043 million barrels of beer were imported into the U.S. in May, marking the first time more than 4 million barrels were imported in a single month, according to Beer Institute (BI) chief economist Andrew Heritage, citing the latest report from the Department of Commerce.
One-in-three consumers plan to celebrate Fourth of July weekend at bars, restaurants, and other on-premise venues, according to NIQ-owned on-premise data firm CGA.
Beer buyers believe the category will still be king for this year’s July 4 holiday, according to the latest Beer Purchasers’ Index (BPI) from the National Beer Wholesalers Association (NBWA).
The average U.S. consumer will spend $99 on a 10-person barbecue this summer, with a significant portion of that cost coming from bev-alc and soda, according to analysts from Rabobank, a financial services company.
Beer is at the top of most Independence Day revelers’ shopping lists, according to market research firm Numerator.
The beverage-alcohol industry is undergoing a transformative shift driven by the explosive growth of ready-to-drink (RTD) products.
Opportunities for craft beer lie in single-serve and non-alc offerings, according to Scott Scanlon, executive vice president of Beverage Alcohol at Circana.
On-premise chain accounts have bounced back from initial COVID-19 declines that shut down their businesses, but on-premise pains are far from over, according to CGA, the on-premise arm of market research firm NIQ.