Triton Market Research envisions that the market for alcoholic spirits in the United States would witness a CAGR of 2.45% over the forecast period 2019-2025.
The craft spirits’ boom and the growing number of craft distilleries in the United States are the primary market drivers for alcoholic spirits. As craft distillers grow in number and strength, they are anticipated to dramatically disrupt the spirits market. According to a joint venture of the American Craft Spirits Association, IWSR and Park Street - the Craft Spirits Data Project, more than 1,500 craft distilleries were present in the US as of August 2017, up by 20.8% from the year 2016. Similarly, the growing prevalence and renaissance of cocktails, coupled with liberalization in the mentality and regulation of spirits are expected to benefit the market over the forecast period.
However, foundations such as Mothers Against Drunk Driving, the American Medical Association and the National Center on Addiction and Substance Abuse actively engage in campaigns to discourage alcohol consumption in the country, which can potentially affect the demand for alcoholic spirits in the US. Further, alcoholic spirits attract high taxes in the United States, both at the federal and the state level, and the taxes vary from state to state. Washington imposes the highest excise tax on spirits at $35.22 per gallon; Oregon charges $22.73 per gallon; Virginia $19.19 per gallon; and Alaska $12.8 per gallon.
Triton Market Research’s report on the United States alcoholic spirits market provides an in-depth insight and segmentation analysis of the market. The detailed analysis of the market includes: the market share analysis, brand share analysis, PESTEL analysis, value chain analysis and the market attractiveness index. The segmentation analysis of the United States alcoholic spirits market includes: the market by product type (brandy & cognac, liqueurs, rum, whiskies and white spirits).
Some of the key players involved in the market are Suntory Holdings, Ltd., Pernod Ricard Groupe, Diageo Plc, Bacardi & Co., Ltd., Brown-Forman Corp. and Sazerac Co., Inc.
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1. UNITED STATES ALCOHOLIC SPIRITS MARKET - SUMMARY
1.1. MARKET SIZE & FORECAST
1.2. MARKET DRIVING ASPECTS
1.3. MARKET RESTRAINING ASPECTS
1.4. KEY PLAYERS
2. UNITED STATES ALCOHOLIC SPIRITS INDUSTRY OUTLOOK
2.1. MARKET DEFINITION
2.2. PESTEL ANALYSIS
2.3. MARKET SHARE ANALYSIS
2.4. BRAND SHARE ANALYSIS
2.5. MARKET ATTRACTIVENESS INDEX
2.6. VALUE CHAIN ANALYSIS
3. UNITED STATES ALCOHOLIC SPIRITS MARKET - SEGMENTATION
3.1. BY PRODUCT TYPE
3.1.1. BY BRANDY & COGNAC
3.1.2. BY LIQUEURS
3.1.3. BY RUM
3.1.4. BY WHISKIES
3.1.5. BY WHITE SPIRITS
4. COMPETITIVE LANDSCAPE
4.1. BACARDI & CO., LTD.
4.2. BROWN-FORMAN CORP.
4.3. DIAGEO PLC
4.4. PERNOD RICARD GROUPE
4.5. SAZERAC CO., INC.
4.6. SUNTORY HOLDINGS, LTD.
5. RESEARCH METHODOLOGY & SCOPE
5.1. RESEARCH SCOPE & DELIVERABLES
5.2. SOURCES OF DATA
5.3. RESEARCH METHODOLOGY
TABLE 1: UNITED STATES ALCOHOLIC SPIRITS MARKET, 2019-2025, (IN $ MILLION)
TABLE 2: UNITED STATES - COUNTRY SNAPSHOT
TABLE 3: MARKET SHARE ANALYSIS OF KEY PLAYERS, 2016 & 2017 (IN %)
TABLE 4: BRAND SHARE ANALYSIS, 2016 & 2017 (IN %)
TABLE 5: UNITED STATES ALCOHOLIC SPIRITS MARKET, BY PRODUCT TYPE, 2019-2025, (IN $ MILLION)
TABLE 6: UNITED STATES ALCOHOLIC SPIRITS MARKET, BY BRANDY & COGNAC, 2019-2025, (IN $ MILLION)
TABLE 7: UNITED STATES ALCOHOLIC SPIRITS MARKET, BY LIQUEURS, 2019-2025, (IN $ MILLION)
TABLE 8: UNITED STATES ALCOHOLIC SPIRITS MARKET, BY RUM, 2019-2025, (IN $ MILLION)
TABLE 9: UNITED STATES ALCOHOLIC SPIRITS MARKET, BY WHISKIES, 2019-2025, (IN $ MILLION)
TABLE 10: UNITED STATES ALCOHOLIC SPIRITS MARKET, BY WHITE SPIRITS, 2019-2025, (IN $ MILLION)
FIGURE 1: UNITED STATES ALCOHOLIC SPIRITS MARKET, 2019-2025, (IN $ MILLION)
FIGURE 2: MARKET SHARE ANALYSIS OF KEY PLAYERS, 2016 & 2017 (IN %)
FIGURE 3: BRAND SHARE ANALYSIS, 2016 & 2017 (IN %)
FIGURE 4: MARKET ATTRACTIVENESS INDEX
FIGURE 5: VALUE CHAIN ANALYSIS