2024 Beverage & Tobacco Product Manufacturing Industry Statistics Report

Beverage & Tobacco Product Manufacturing - Market Size and Industry Forecast

The 2024 Beverage and Tobacco Product Manufacturing Industry Report contains historical and forecasted statistics used by leading private equity firms and consultants. Market sizes from 2019 to 2029 reflect industry trends and growth patterns. Revenues include both public and private companies in the Beverage & Tobacco Product Manufacturing industry.

Market Size (Total Revenue)


% Growth Rate
Number of Companies
Total Employees
Average Revenue per Company
Average Employees per Company
Source: U.S. government financial data.

Industry Revenue ($ Billions)

Industry Market Size
  • 2017
  • 2018
  • 2019
  • 2020
  • 2021
  • 2022
  • 2023

Advanced econometric models forecast five years of industry growth based on short- and long-term trend analysis. Market size includes revenue generated from all products and services sold within the industry.

Beverage & Tobacco Product Manufacturing - Geographic Breakdown by U.S. State

Market size by state reveals local opportunity through the number of companies located in the region. Each state's growth rate is affected by regional economic conditions. Data by state can be used to pinpoint profitable and nonprofitable locations for Beverage & Tobacco Product Manufacturing companies in the United States.

Beverage & Tobacco Product Manufacturing Revenue by State

Market Size by State

Distribution by Company Size

Company SizeAll IndustriesBeverage & Tobacco Product Manufacturing
Small Business (< 5 Employees)


Small Business (5 - 20)
Midsized Business (20 - 100)
Large Business (100 - 500)
Enterprise (> 500)

Beverage & Tobacco Product Manufacturing - Income Statement (Average Financial Metrics)

Financial statement analysis determines averages for the following industry forces:
The report includes a traditional income statement from an "average" company (both public and private companies included).

Industry AveragePercent of Sales
Total Revenue


Operating Revenue
Cost of Goods Sold (COGS)
Gross Profit
Operating Expenses
Operating Income
Non-Operating Income
Earnings Before Interest and Taxes (EBIT)
Interest Expense
Earnings Before Taxes
Income Tax
Net Profit

Average Income Statement

Average Income Statement

Cost of Goods Sold

Salaries, Wages, and Benefits



Depreciation and Amortization

Officer Compensation

Net Income

Beverage & Tobacco Product Manufacturing - Financial Ratio Analysis

Financial ratios allow a company's performance to be compared against that of its peers.

Financial RatioIndustry Average
Profitability Ratios


Profit Margin
Liquidity Ratios
Current Ratio
Quick Ratio
Activity Ratios
Average Collection Period
Asset Turnover Ratio
Receivables Turnover Ratio
Inventory Conversion Ratio

Beverage & Tobacco Product Manufacturing - Compensation and Salary Surveys

TitlePercent of WorkforceBottom QuartileAverage (Median) SalaryUpper Quartile
Management Occupations5%


Chief Executives0%
General and Operations Managers2%
Food Preparation and Serving Related Occupations9%
Food and Beverage Serving Workers7%
Sales and Related Occupations14%
Retail Sales Workers5%
Office and Administrative Support Occupations9%
Installation, Maintenance, and Repair Occupations6%
Other Installation, Maintenance, and Repair Occupations5%
Industrial Machinery Installation, Repair, and Maintenance Workers7%
Industrial Machinery Mechanics6%
Production Occupations30%
Food Processing Workers11%
Miscellaneous Food Processing Workers11%
Food and Tobacco Roasting, Baking, and Drying Machine Operators and Tenders11%
Other Production Occupations24%
Chemical Processing Machine Setters, Operators, and Tenders7%
Separating, Filtering, Clarifying, Precipitating, and Still Machine Setters, Operators, and Tenders7%
Packaging and Filling Machine Operators and Tenders12%
Packaging and Filling Machine Operators and Tenders12%
Transportation and Material Moving Occupations15%
Motor Vehicle Operators7%
Driver/Sales Workers and Truck Drivers7%
Material Moving Workers7%

Government Contracts

In the past, the federal government spent an annual total of $26,336,657 on the beverage & tobacco product manufacturing industry. It has awarded 1,309 contracts to 169 companies, with an average value of $155,838 per company.

Beverage & Tobacco Product Manufacturing and Adjacent Industries - Top Companies

($ Millions)


Beverage & Tobacco Product Manufacturing Industry Research
GeographyUnited States  
Publication DateJuly 2024
Report FormatPDF Download  PDF

Related Market Research Reports

Beverage & Tobacco Product Manufacturing
Beverage Manufacturing
Soft Drink Manufacturing
Bottled Water Manufacturing
Ice Manufacturing
Beer Manufacturing & Breweries
Liqueur & Spirits Distilleries
Tobacco Manufacturing