North American distilled spirits market is estimated to grow at a CAGR of 2.9% during the forecast period. The North American distilled spirits industry valued at $101.8 billion in 2018 and is estimated to reach $123.4 billion in 2025. Growing alcohol consumption is the major factor that is contributing to the market growth in the region. According to the WHO nearly 28.3% of the people are abstainers in the country with 9.2% lifetime abstainers; whereas 19.2% had not to drink alcoholic beverages from the last 12 months. Moreover, it is mandatory to print required health warning labels on alcohol containers in the US.
According to the Distilled Spirits Council, nearly 63% of the US whiskey exports have faced retaliatory tariffs from the EU, China, Turkey, Canada, and Mexico. The US-China trade war and the new tariffs levied by the US on EU imports are some of the major factors that can be considered to derail the growth of the market in the US. These actions of the country will further affect the distilled spirit industry of the US in the near future.
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North American Distilled Spirits Market Segmentation
By Type
- Whiskey
- Vodka
- Rum
- Gin
- Tequila
- Brandy
- Others
By Distribution Channel
- Online
- Offline
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Regional Analysis
- US
- Canada
Company Profiles
- Anheuser-Busch InBev
- Carlsberg Breweries A/S
- Constellation Brands Inc.
- Diageo PLC
- Heineken Holding N.V.
- Kirin Holdings Co. Ltd.
- Molson Coors Brewing Co.
- Pernod Ricard S.A.
- SABMiller PLC
- The Boston Beer Company, Inc.
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