Industry Analysis & Industry Trends
Breweries suffered from declining per capita alcohol consumption and escalating competition from substitute products like wine over the five years to 2015. Changing consumer preferences in the United States have contributed to declining industry exports, and price spikes for inputs such as wheat and aluminum cut into industry profit margins early in the five-year period. Though the industry has nevertheless experienced steady growth, its expansion is projected to remain marginal in the coming five years. Despite the recent entrance of many small breweries, the industry will remain largely controlled by a few major international players, which will continue to consolidate and aggressively compete for market share... purchase to read more
Industry Report - Industry Analysis Chapter
Changing consumer preferences have slowed industry growth over the past five years. Per capital alcohol consumption among Canadians has declined an annualized 1.0% over the five-year period to 2015, and this trend, combined with declining interest in traditional light and premium beer brands, has resulted in minimal revenue growth in recent years. IBISWorld expects industry revenue to increase an annualized 1.8% to $5.7 billion in the five years to 2015, although much of this growth happened early in the period. Industry revenue in 2015 is projected to increase a slim 0.3%.
An evolving industry
The entire North American market for beer has experienced drastic change over the past five years... purchase to read more