Premium beer products were one of the top growth markets of 2022, says IWSR

IWSR Drinks Market Analysis, a global leader in alcohol data and analysis, recently released preliminary 2022 data across the total beverage alcohol industry in the United States that shows all major categories — beer, cider, wine, spirits and ready-to-drink (RTDs) — posted growth across premium-plus price tiers.* While total volumes of wine (-2 percent), beer (-2 percent) and cider (-4 percent) all declined in 2022, the premium-and-above segments of each grew: wine (+6 percent), beer (+4 percent) and cider (+11 percent). Total spirits volumes were up +2 percent, with premium+ up +13 percent, while RTDs showed moderate gains at less than +1 percent with premium+ up +38 percent.

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