American Whiskey Market to Reach $29.38 Billion by 2031

 Meticulous Research®—a leading global market research company, published a research report titled ‘American Whiskey Market—Global Opportunity Analysis and Industry Forecast (2024-2031)’. According to this latest publication, the American whiskey market is expected to reach $29.38 billion by 2031, at a CAGR of 10.1% from 2024 to 2031.

The rising demand for premium American whiskies among millennials, the proliferation of super-premium and ultra-premium brands, rapid global urbanization, and the increasing popularity of whiskey-based cocktails and mixology are driving growth in the American whiskey market. However, the emergence and growing popularity of innovative non-alcoholic beverages constrain the market's growth.

Additionally, emerging economies in Latin America, Asia, and the Middle East & Africa offer significant growth opportunities for market players. However, the market also faces considerable challenges, including stringent government regulations, shifts in consumer preferences, and competition from substitute products. Moreover, prominent trends in the American whiskey market include strategic marketing and promotions, the introduction of new products, and an increase in the export of American whiskey.

Key Players

The American whiskey market is characterized by a moderately competitive scenario due to the presence of many large- and small-sized global, regional, and local players. The key players operating in the American whiskey market are Brown-Forman Corporation (U.S.), Diageo plc (U.K.), Davide Campari-Milano N.V. (Italy), Kirin Holdings Company, Limited (Japan), Suntory Global Spirits Inc. (U.S.), Castle Brands (U.S.), Tuthilltown Spirits Distillery (U.S.), Luxco, Inc. (U.S.), Heaven Hill Brands (U.S.), and Sazerac Company, Inc. (U.S.).

The American whiskey market is segmented based on product type, product quality, and distribution channel. The report also evaluates industry competitors and analyzes the American whiskey market at the regional and country levels.

Among the product types studied in this report, the bourbon whiskey segment is anticipated to hold the dominant position, with a share of 69% of the market in 2024. This segment's substantial market share is primarily driven by significant growth in international markets, a trend toward premiumization, innovation, new product launches, and the rise of craft distilleries. Moreover, increasing consumer interest in premium spirits and a growing appreciation for American whiskey globally are further enhancing the growth of this segment.

Among the product qualities studied in this report, the super-premium segment is anticipated to hold the dominant position, with a large share of the American whiskey market in 2024. This segment's substantial market share is primarily driven by the growing consumer demand for premium, luxury whiskey, an increase in spending on rare, small-batch, and limited-edition offerings, and a rising preference for higher-priced alcoholic beverages.

Among the distribution channels studied in this report, the off-trade segment is anticipated to hold the dominant position, with a large share of the American whiskey market in 2024. This segment's substantial market share is due to its wide accessibility and convenience. Consumers generally assess product quality, ingredients, and brand reputation prior to purchase, which is why off-trade channels play a crucial role in driving sales.

Geographic Review

This research report analyzes major geographies and provides a comprehensive analysis of North America (U.S., Canada), Europe (U.K., Germany, France, Spain, Russia, Poland, Italy, Austria, Netherlands, Switzerland, and Rest of Europe), Asia-Pacific (Australia, Japan, China, India, South Korea, Indonesia, Thailand, Philippines, Malaysia, Singapore, Taiwan, and Rest of Asia-Pacific), Latin America (Brazil, Mexico, Argentina, Chile, and Rest of Latin America), and the Middle East & Africa.

Among the geographies studied in this report, North America is anticipated to hold the dominant position, with a share of 68.6% of the American whiskey market in 2024, followed by Europe, Asia-Pacific, Latin America, and the Middle East & Africa. North America's American whiskey market is estimated to be worth USD 10,256.4 million in 2024. The significant share of this regional market can be attributed to multiple factors, including the robust alcoholic beverages sector, the growing popularity of cocktails, ongoing innovation and development within the industry, increased investments in production capacity, and the rising demand for whiskey from the food service sector in the region.

Download Sample Report Here @ https://www.meticulousresearch.com/download-sample-report/cp_id=5042

Key Questions Answered in the Report-

  • What is the value of revenue generated by the sale of American whiskey?
  • At what rate is the global demand for American whiskey projected to grow for the next five to seven years?
  • What is the historical market size and growth rate for the American whiskey market?
  • What are the major factors impacting the growth of this market at global and regional levels?
  • What are the major opportunities for existing players and new entrants in the market?
  • Which product type, product quality, and distribution channel segments create major traction for the manufacturers in this market?
  • What are the key geographical trends in this market? Which regions/countries are expected to offer significant growth opportunities for the manufacturers operating in the American whiskey market?
  • Who are the major players in the American whiskey market? What are their specific product offerings in this market?
  • What recent developments have taken place in the American whiskey market? What impact have these strategic developments created on the market?
Contact Us:
Meticulous Research®
Email- sales@meticulousresearch.com
Contact Sales- +1-646-781-8004
Connect with us on LinkedIn- https://www.linkedin.com/company/meticulous-research

Comments

Post a Comment

Popular posts from this blog

Social Media Management Market to Reach $109.4 Billion by 2031

  Meticulous Research ® —a leading global market research company, published a research report titled  ‘Social Media Management Market—Global Opportunity Analysis and Industry Forecast (2024-2031)’. According to this latest publication from Meticulous Research ® , the social media management market is expected to reach  $109.4 billion by 2031 , at a CAGR of 23.2% from 2024 to 2031. The increasing need for customer engagement using social media, the growing need for integrated platforms for managing various social media accounts, the high demand for social media management solutions from businesses for lead generation, and the need for effective collaboration and coordination among teams are factors driving the growth of the social media management market. However, market growth is restrained by a lack of users’ trust in managing their social media accounts. Key Players: The social media management market is characterized by a moderately competitive scenario due...
Read more

Risk Management Market to be Worth $52.7 Billion by 2032

  Meticulous Research ® —a leading global market research company, published a research report titled " Risk Management Market—Global Opportunity Analysis and Industry Forecast (2025-2032)". According to this latest publication, the risk management market is projected to reach  $52.7 billion by 2032 , at a CAGR of 14.3% from 2025–2032. Increasing cybersecurity concerns and data breaches, as well as the rise in the adoption of risk management among financial institutions, are factors driving the growth of the risk management market. However, the high cost of risk management solutions hinders market growth. In addition, the digital transformation of businesses and the growing demand for real-time risk assessment and monitoring are potential growth opportunities for market players. The market faces substantial challenges, including a lack of skilled professionals and growing concerns about data privacy and protection. Furthermore, the integration of AI & ML in risk m...
Read more

Europe Plant-based Foods Market Driven by Vegan Diet Trends

  Meticulous Research ® —a leading global market research company, published a research report titled  ‘Europe Plant-based Foods Market—Opportunity Analysis and Industry Forecast (2024-2031)’. According to this latest publication from Meticulous Research ® , the Europe plant-based foods market is expected to reach  $21.62 billion by 2031 , at a CAGR of 10.3% from 2024 to 2031. The growth of the European plant-based foods market is fueled by various factors, such as the increasing prevalence of animal protein intolerance, the rising popularity of vegan and vegetarian diets, growing venture investments in companies specializing in plant-based foods, and advancements in food technology. However, market growth is restrained by the higher prices of plant-based foods and the strong preference for animal-based products. Furthermore, product launches by manufacturers of plant-based foods and protein alternatives generate growth opportunities for market stakeholders. Key Pla...
Read more