Industry Data & Market Research

2023 U.S. Industry Statistics & Market Forecast - Beverage & Tobacco Product Manufacturing

Market Size & Industry Statistics

The total U.S. industry market size for Beverage & Tobacco Product Manufacturing: Industry statistics cover all companies in the United States, both public and private, ranging in size from small businesses to market leaders. In addition to revenue, the industry market analysis shows information on employees, companies, and average firm size.

Investors, banks, and business executives use growth rates and industry trends to understand the market outlook and opportunity.

Beverage & Tobacco Product Manufacturing market size 2023
Charts and graphs can be copied to Microsoft Word and Powerpoint presentations.

Statistics 2017        2018        2019        2020        2021        2022
Market Size
(Total Sales/Revenue)

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Total Firms
Total Employees
Average Revenue Per Firm
Average Employees Per Firm
Average Revenue Per Employee
Statistics Source: U.S. Census, AnythingResearch Analysis of Federal Data

Market Forecast

Market forecasts show the long term industry outlook and future growth trends. The following extended five-year / six-year demand forecast projects both short-term and long-term trends.

Forecast / Industry Outlook 2023 2024 2025 2026 2027 2028
Market Forecast ($ millions)
Projected Industry Growth Rate (%)
Source: AnythingResearch Economic Analysis

Industry Insights

The Beverage and Tobacco Product Manufacturing industry operates in a highly volatile market, and in recent years, several trends have emerged. Firstly, health consciousness among consumers is driving the industry towards offering healthier and more nutritious products. Companies are focusing on developing beverages with low sugar, gluten-free, dairy-free, and organic ingredients.

Secondly, there is a growing demand for eco-friendly and sustainable packaging and production methods. The industry is responding by investing in innovative technologies that reduce carbon emissions, conserve water, and minimize waste.

Thirdly, changing consumer preferences have led to a shift towards premium and craft beverages. Consumers are willing to pay a premium for quality and unique products. This has led to significant growth in the micro-brewery and artisanal distillery sectors.

Fourthly, the rise of e-commerce has enabled companies to offer direct-to-consumer (DTC) sales, cutting out traditional distribution channels. This creates opportunities for new entrants to the market and poses a threat to established companies that are slow to adapt to these changes.

Lastly, government regulations around tobacco products are becoming increasingly stringent, with measures such as plain packaging, advertising bans, and high taxes. This has resulted in declining sales and increased competition among companies. On the other hand, countries with relaxed tobacco product regulations, particularly in Asia, present opportunities for expansion.

U.S. Geographic Distribution: Revenue Statistics by State

Market Size by State ($ millions) indicates how the industry's competition is distributed throughout the country. State-level information can identify areas with higher and lower industry market share than average.

U.S. map by state

Income Statement (Average Financial Metrics)

Financial metrics provide a snapshot view of a benchmark "average" company. Key business metrics show revenue and operating costs. The data collected covers both public and private companies.

Industry AveragePercent of Sales
(Industry Benchmark)
Total Revenue

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Operating Revenue
Cost of Goods Sold
Gross Profit

Operating Expenses
Pension, profit sharing plans, stock, annuity
Rent paid on business property
Charitable Contributions
Domestic production activities deduction
Compensation of officers
Salaries and wages
Employee benefit programs
Taxes and Licenses
Bad Debts
Other Operating Expenses
Total Operating Expenses
Operating Income
Non-Operating Income
EBIT (Earnings Before Interest and Taxes)
Interest Expense
Earnings Before Taxes
Income Tax
Net Profit
Net Income
Source: AnythingResearch Analysis of U.S. federal statistics

Financial Ratio Analysis

Financial ratio information can be used to benchmark how a Beverage & Tobacco Product Manufacturing company compares to its peers. Accounting statistics are calculated from the industry-average for income statements and balance sheets.

Profitability & Valuation RatiosIndustry Average
Company valuation can be measured based on the firm's own performance, as well as in comparison against its industry competitors. These metrics show how the average company in the Beverage & Tobacco Product Manufacturing industry is performing.
Profit Margin
Gross Profit Margin, Operating Profit Margin, and Net Profit Margin. Show company earnings relative to revenues.
Return on Equity (ROE)
Return on Equity (ROE) is net income as a percentage of shareholders' equity. Shareholders' Equity is defined as the company's total assets minus total liabilities. ROE shows how much profits a company generates with the money shareholders invested (or with retained earnings).
Return on Assets (ROA)
Return on Assets (ROA) is net income relative to total assets. The market research on Beverage & Tobacco Product Manufacturing measures how efficiently the company leverages its assets to generate profit. ROA is calculated as Net Income divided by Total Assets.

Liquidity RatiosIndustry Average
Bankers and suppliers use liquidity to determine creditworthiness and identify potential threats to a company's financial viability.
Current Ratio
Measures a firm's ability to pay its debts over the next 12 months.
Quick Ratio (Acid Test)
Calculates liquid assets relative to liabilities, excluding inventories.

Efficiency Ratios - Key Performance IndicatorsIndustry Average
Measure how quickly products and services sell, and effectively collections policies are implemented.
Receivables Turnover Ratio
If this number is low in your business when compared to the industry average in the research report, it may mean your payment terms are too lenient or that you are not doing a good enough job on collections.
Average Collection Period
Based on the Receivables Turnover, this estimates the collection period in days. Calculated as 365 divided by the Receivables Turnover
Inventory Turnover
A low turnover rate may point to overstocking, obsolescence, or deficiencies in the product line or marketing effort.
Fixed-Asset Turnover
Generally, higher is better, since it indicates the business has less money tied up in fixed assets for each dollar of sales revenue.

Compensation & Salary Surveys for Employees

Compensation statistics provides an accurate assessment of industry-specific jobs and national salary averages. This information can be used to identify which positions are most common, and high, low, and average annual wages.

TitlePercent of WorkforceBottom Quartile Average (Median) SalaryUpper Quartile
Management Occupations 6%

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Chief Executives0%
General and Operations Managers2%
Food Preparation and Serving Related Occupations 23%
Food and Beverage Serving Workers 16%
Bartenders 11%
Bartenders 11%
Waiters and Waitresses 5%
Waiters and Waitresses 5%
Sales and Related Occupations 13%
Office and Administrative Support Occupations 5%
Installation, Maintenance, and Repair Occupations 5%
Other Installation, Maintenance, and Repair Occupations 9%
Industrial Machinery Installation, Repair, and Maintenance Workers 5%
Production Occupations 23%
Supervisors of Production Workers 7%
First-Line Supervisors of Production and Operating Workers 7%
First-Line Supervisors of Production and Operating Workers 7%
Food Processing Workers 9%
Miscellaneous Food Processing Workers 9%
Food and Tobacco Roasting, Baking, and Drying Machine Operators and Tenders 9%
Other Production Occupations 18%
Chemical Processing Machine Setters, Operators, and Tenders 7%
Separating, Filtering, Clarifying, Precipitating, and Still Machine Setters, Operators, and Tenders 7%
Packaging and Filling Machine Operators and Tenders 8%
Packaging and Filling Machine Operators and Tenders 8%
Transportation and Material Moving Occupations 12%
Material Moving Workers 8%
Laborers and Material Movers 5%
Source: Bureau of Labor Statistics

Beverage & Tobacco Product Manufacturing Competitor Landscape & Key Companies [PREMIUM]

The most influential companies in the Beverage & Tobacco Product Manufacturing industry and adjacent industries either have large market share or are developing new business models and methods that could disrupt the status quo. We look at leading and emerging companies in the Beverage & Tobacco Product Manufacturing industry and adjacent sectors:

Market Leaders:
Direct Competitors

Companies with the largest market share, focused in this industry
Market leaders:
Diversified Competitors

Largest companies that have diversified operations in this and other industries
Direct Competitors

Innovative, Emerging, and Disruptive Companies that may influence the future direction of the industry.
Diversified Competitors

Innovators and Disruptors in adjacent industries that may also affect the Beverage & Tobacco Product Manufacturing industry.

Executive Briefings

The Alcoholic Beverages industry generally, and the wine industry in particular, is intensely competitive. We compete with online DTC wine retailers, such as Naked Wines, Firstleaf and Bright Cellars, which curate wines based on consumers’ preferences, and online wine clubs. However, unlike us, none of these companies function as fully integrated wineries with nationally distributed brands. We believe our brands attract consumer loyalty and give us a competitive advantage. In addition to online wine retailers, we also compete with other wineries that ship directly to consumers and distribute their wines through third parties to restaurants and brick-and-mortar retailers, such as Constellation Brands, E Winc

Government Contracts

In 2022, the federal government spent a total of $47,856,470 on Beverage & Tobacco Product Manufacturing. It has awarded 5213 contracts to 149 companies, with an average value of $321,184 per company.   

Most Recent Contracts Date Total Award Amount
9-7-1, Akasaka
Minato-ku, TOKYO
Jun 30, 2023$2,130

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