Market research firm cites population growth, increases of disposable personal income
U.S. beverage demand is forecast to increase 2.9% yearly in nominal terms through 2025, according to “Beverages: United States,” a report recently released by Freedonia Focus Reports.
Suppliers will benefit from population growth and increases in disposable personal income, which will drive purchases of higher-end and niche beverages and support growth in value terms, the Cleveland-based market research firm states. Faster gains will be limited by ongoing consumer concerns regarding the negative health effects of alcohol and sweetened beverages.