The North America spirits market is expected to reach USD 278.5 billion by 2028, registering a CAGR of 7.7% over the forecast period, according to a new report by the publisher. The market has several growth opportunities due to the rising consumer demand for premium and low alcohol content drinks. Moreover, innovation in Ready-to-Drink (RTD) products with an infusion of botanical and organic ingredients will provide new growth opportunities in the coming years.
The whiskey product segment held the largest market share in 2020 and is expected to maintain dominance over the forecast period. In North America, there is a growing demand for distinctive and handcrafted alcoholic beverages, which is likely to boost the market growth. The demand for whiskey is predicted to rise in the coming years due to the increasing consumption of alcohol, especially in the U.S. and Canada.
The U.S. accounted for the largest revenue share in 2020. As per the data by IWSR, people under the age group of 21 to 44 years are the most frequent consumers of low-alcohol drinks. According to The Wall Street Journal, alcohol volumes declined by 0.8% in 2018 in the U.S., slightly steeper than the 0.7% drop in 2017. The market has a strong presence of several regional and international players.
The U.S. accounted for the largest revenue share in 2020. As per the data by IWSR, people under the age group of 21 to 44 years are the most frequent consumers of low-alcohol drinks. According to The Wall Street Journal, alcohol volumes declined by 0.8% in 2018 in the U.S., slightly steeper than the 0.7% drop in 2017. The market has a strong presence of several regional and international players.
North America Spirits Market Report Highlights
- The whiskey segment accounted for a larger share of the overall revenue in 2020. The growing demand for unique and crafted alcoholic beverages is emerging as a rising trend, which drives the segment
- The screw-top caps & closure segment held the largest market share in 2020 and is expected to maintain dominance over the forecast period
- The growth is credited to several advantages pertaining to the structure of screw-top caps, such as low cost and ease of use & application
- The plastic material segment held the largest market share in 2020 and is expected to maintain dominance over the forecast period
- The abundant availability of these raw materials translates to the low cost of production, thereby making plastic caps and closures a viable choice for packaging
- The liquor stores distribution channel segment accounted for the largest market share in 2020 and is expected to maintain dominance over the forecast period
- Some of the popular liquor stores in North America are Astor Wines & Spirits and Ambassador Wines & Spirits
- Mergers & acquisitions emerged as the key strategy deployed by the majority of market players to stay abreast of the competition
Table of Contents
Chapter 1. Methodology and Scope1.1. Market Segmentation & Scope
1.2. Market Definition
1.3. Information Procurement
1.3.1. Purchased Database
1.3.2. Internal database
1.3.3. Secondary Sources & Third-Party Perspectives
1.3.4. Primary Research
1.4. Information Analysis
1.4.1. Data Analysis Models
1.5. Market Formulation & Data Visualization
1.6. Data Validation & Publishing
Chapter 2. Executive Summary
2.1. Market Outlook
2.2. Product Outlook
2.3. Caps & Closure Outlook
2.4. Caps & Closure Material Outlook
2.5. Distribution Channel Outlook
2.6. Competitive Insights
Chapter 3. North America Spirits Market Variables, Trends & Scope
3.1. Market Introduction
3.2. Penetration & Growth Prospect Mapping
3.3. Impact of COVID-19 on the North America spirits market
3.4. Industry Value Chain Analysis
3.4.1. Sales/Retail Channel Analysis
3.4.2. Profit Margin Analysis
3.5. Market Dynamics
3.5.1. Market Driver Analysis
3.5.2. Market Restraint Analysis
3.5.3. Industry Challenges
3.5.4. Industry Opportunities
3.6. Business Environment Analysis
3.6.1. Industry Analysis - Porter’s
3.6.1.1. Supplier Power
3.6.1.2. Buyer Power
3.6.1.3. Substitution Threat
3.6.1.4. Threat from New Entrant
3.6.1.5. Competitive Rivalry
3.7. Roadmap of North America spirits market
3.8. Market Entry Strategies
3.9. Impact of COVID-19
Chapter 4. Consumer Behavior Analysis
4.1. Demographic Analysis
4.2. Consumer Trends and Preferences
4.3. Factors Affecting Buying Decision
4.4. Consumer Product Adoption
4.5. Observations & Recommendations
Chapter 5. North America Spirits Market: Product Estimates & Trend Analysis
5.1. Product Movement Analysis & Market Share, 2020 & 2028
5.2. Whiskey
5.2.1. Market estimates and forecast, 2016 - 2028 (USD Million)
5.3. Vodka
5.3.1. Market estimates and forecast, 2016 - 2028 (USD Million)
5.4. Gin
5.4.1. Market estimates and forecast, 2016 - 2028 (USD Million)
5.5. Rum
5.5.1. Market estimates and forecast, 2016 - 2028 (USD Million)
5.6. Brandy
5.6.1. Market estimates and forecast, 2016 - 2028 (USD Million)
5.7. Others
5.7.1. Market estimates and forecast, 2016 - 2028 (USD Million)
Chapter 6. North America Spirits Market: Caps & Closure Estimates & Trend Analysis
6.1. Caps & Closure Movement Analysis & Market Share, 2020 & 2028
6.2. Screw-top
6.2.1. Market estimates and forecast, 2016 - 2028 (USD Million)
6.3. Bar-top/Cork
6.3.1. Market estimates and forecast, 2016 - 2028 (USD Million)
6.4. Others
6.4.1. Market estimates and forecast, 2016 - 2028 (USD Million)
Chapter 7. North America Spirits Market: Caps & Closure Material Estimates & Trend Analysis
7.1. Caps & Closure Material Movement Analysis & Market Share, 2020 & 2028
7.2. Metal
7.2.1. Market estimates and forecast, 2016 - 2028 (USD Million)
7.3. Plastic
7.3.1. Market estimates and forecast, 2016 - 2028 (USD Million)
7.4. Others
7.4.1. Market estimates and forecast, 2016 - 2028 (USD Million)
Chapter 8. North America Spirits Market: Distribution Channel Estimates & Trend Analysis
8.1. Distribution channel Movement Analysis & Market Share, 2020 & 2028
8.2. On-Trade
8.2.1. Market estimates and forecast, 2016 - 2028 (USD Million)
8.3. Liquid Stores
8.3.1. Market estimates and forecast, 2016 - 2028 (USD Million)
8.4. Online
8.4.1. Market estimates and forecast, 2016 - 2028 (USD Million)
8.5. Others
8.5.1. Market estimates and forecast, 2016 - 2028 (USD Million)
Chapter 9. North America Spirits Market: Regional Estimates & Trend Analysis
9.1. Country Movement Analysis & Market Share, 2020 & 2028
9.2. U.S.
9.2.1. Market estimates and forecast, 2016 - 2028 (USD Million)
9.2.2. Market estimates and forecast, by product,2016 - 2028 (USD Million)
9.2.3. Market estimates and forecast, by caps & closure, 2016 - 2028 (USD Million)
9.2.4. Market estimates and forecast, by caps & closure material, 2016 - 2028 (USD Million)
9.2.5. Market estimates and forecast, by distribution channel,2016 - 2028 (USD Million)
9.3. Mexico
9.3.1. Market estimates and forecast, 2016 - 2028 (USD Million)
9.3.2. Market estimates and forecast, by product, 2016 - 2028 (USD Million)
9.3.3. Market estimates and forecast, by caps & closure, 2016 - 2028 (USD Million)
9.3.4. Market estimates and forecast, by caps & closure material, 2016 - 2028 (USD Million)
9.3.5. Market estimates and forecast, by distribution channel, 2016 - 2028 (USD Million)
9.4. Canada
9.4.1. Market estimates and forecast, 2016 - 2028 (USD Million)
9.4.2. Market estimates and forecast, by product, 2016 - 2028 (USD Million)
9.4.3. Market estimates and forecast, by caps & closure, 2016 - 2028 (USD Million)
9.4.4. Market estimates and forecast, by caps & closure material, 2016 - 2028 (USD Million)
9.4.5. Market estimates and forecast, by distribution channel, 2016 - 2028 (USD Million)
Chapter 10. Competitive Analysis
10.1. Key global players, recent developments & their impact on the industry
10.2. Key Company/Competition Categorization (Key innovators, Market leaders, Emerging players)
10.3. Vendor Landscape
10.3.1. Key company market share analysis, 2020
Chapter 11. Company Profiles
11.1. Diageo plc,
11.1.1. Company Overview
11.1.2. Financial Performance
11.1.3. Product Benchmarking
11.1.4. Strategic Initiatives
11.2. Pernod Ricard
11.2.1. Company Overview
11.2.2. Financial Performance
11.2.3. Product Benchmarking
11.2.4. Strategic Initiatives
11.3. Constellation Brands
11.3.1. Company Overview
11.3.2. Financial Performance
11.3.3. Product Benchmarking
11.3.4. Strategic Initiatives
11.4. Asahi Group Holdings, Ltd.
11.4.1. Company Overview
11.4.2. Financial Performance
11.4.3. Product Benchmarking
11.4.4. Strategic Initiatives
11.5. Rémy Cointreau
11.5.1. Company Overview
11.5.2. Financial Performance
11.5.3. Product Benchmarking
11.5.4. Strategic Initiatives
11.6. Brown-Forman
11.6.1. Company Overview
11.6.2. Financial Performance
11.6.3. Product Benchmarking
11.6.4. Strategic Initiatives
11.7. Bacardi Limited
11.7.1. Company Overview
11.7.2. Financial Performance
11.7.3. Product Benchmarking
11.7.4. Strategic Initiatives
11.8. Suntory Holdings Limited
11.8.1. Company Overview
11.8.2. Financial Performance
11.8.3. Product Benchmarking
11.8.4. Strategic Initiatives
11.9. Campari Group
11.9.1. Company Overview
11.9.2. Financial Performance
11.9.3. Product Benchmarking
11.9.4. Strategic Initiatives
11.10. William Grant & Sons
11.10.1. Company Overview
11.10.2. Financial Performance
11.10.3. Product Benchmarking
11.10.4. Strategic InitiativesList of Tables
1. North America Spirits market - Key market driver analysis
2. North America Spirits market - Key market restraint analysis
3. North America spirits whiskey market estimates and forecast, 2016 - 2028 (USD Million)
4. North America spirits vodkanmarket estimates and forecast, 2016 - 2028 (USD Million)
5. North America spirits gin market estimates and forecast, 2016 - 2028 (USD Million)
6. North America spirits rum market estimates and forecast, 2016 - 2028 (USD Million)
7. North America spirits brandy market estimates and forecast, 2016 - 2028 (USD Million)
8. North America spirits others market estimates and forecast, 2016 - 2028 (USD Million)
9. North America spirits screw-top market estimates and forecast, 2016 - 2028 (USD Million)
10. America spirits bar-top/cork market estimates and forecast, 2016 - 2028 (USD Million)
11. North America spirits others market estimates and forecast, 2016 - 2028 (USD Million)
12. North America spirits metal market estimates and forecast, 2016 - 2028 (USD Million)
13. North America spirits plastic market estimates and forecast, 2016 - 2028 (USD Million)
14. North America spirits others market estimates and forecast, 2016 - 2028 (USD Million)
15. North America spirits market estimates and forecast through on-trade distribution channel, 2016 - 2028 (USD Million)
16. North America spirits market estimates and forecast through liquor stores distribution channel, 2016 - 2028 (USD Million)
17. North America spirits market estimates and forecast through online distribution channel, 2016 - 2028 (USD Million)
18. North America spirits market estimates and forecast through other distribution channel, 2016 - 2028 (USD Million)
19. U.S. North America spirits market estimates and forecast, 2016 - 2028 (USD Million)
20. U.S. North America spirits market revenue estimates and forecast by product, 2016 - 2028 (USD Million)
21. U.S. North America spirits market revenue estimates and forecast by caps & closure, 2016 - 2028 (USD Million)
22. U.S. North America spirits market revenue estimates and forecast by caps & closure material, 2016 - 2028 (USD Million)
23. U.S. North America spirits market revenue estimates and forecast by distribution channel, 2016 - 2028 (USD Million)
24. Canada North America spirits market estimates and forecast, 2016 - 2028 (USD Million)
25. Canada North America spirits market revenue estimates and forecast by product, 2016 - 2028 (USD Million)
26. Canada North America spirits market revenue estimates and forecast by caps & closure, 2016 - 2028 (USD Million)
27. Canada North America spirits market revenue estimates and forecast by caps & closure material, 2016 - 2028 (USD Million)
28. Canada North America spirits market revenue estimates and forecast by distribution channel, 2016 - 2028 (USD Million)
29. Mexico North America spirits market estimates and forecast, 2016 - 2028 (USD Million)
30. Mexico North America spirits market revenue estimates and forecast by product, 2016 - 2028 (USD Million)
31. Mexico North America spirits market revenue estimates and forecast by caps & closure, 2016 - 2028 (USD Million)
32. Mexico North America spirits market revenue estimates and forecast by caps & closure material, 2016 - 2028 (USD Million)
33. Mexico North America spirits market revenue estimates and forecast by distribution channel, 2016 - 2028 (USD Million)
34. Vendor landscape
List of Figures
1. North America spirits market snapshot
2. North America spirits market segmentation & scope
3. North America spirits market penetration & growth prospect mapping
4. North America spirits market value chain analysis
5. North America spirits market dynamics
6. North America spirits market Porter's analysis
7. North America spirits market: Product movement analysis
8. North America spirits market: Caps & Closure movement analysis
9. North America spirits market: Caps & Closure Material movement analysis
10. North America spirits market: Distribution channel movement analysis
11. North America spirits market: Regional movement analysis
Companies Mentioned
- Diageo plc,
- Pernod Ricard
- Constellation Brands
- Asahi Group Holdings, Ltd.
- Rémy Cointreau
- Brown-Forman
- Bacardi Limited
- Suntory Holdings Limited
- Campari Group
- William Grant & Sons
Methodology
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Table Information
| Report Attribute | Details |
|---|---|
| No. of Pages | 85 |
| Published | November 2021 |
| Forecast Period | 2020 - 2028 |
| Estimated Market Value ( USD | $ 154 billion |
| Forecasted Market Value ( USD | $ 278.5 billion |
| Compound Annual Growth Rate | 7.7% |
| Regions Covered | North America |
| No. of Companies Mentioned | 10 |
