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North America Whiskey Market By Product (Malt Whisky, Wheat Whisky, Rye Whisky, Corn Whisky, Blended Whisky, Others), By Premium (Premium, High End Premium, Super Premium) And By Region - Industry Analysis, Size, Share, Growth, Trends, And Forecasts (2023 to 2028)

Published: March, 2023
ID: 4480
Pages: 140
Formats: report pdf report excel report power bi report ppt

North America Whiskey Market Growth and Forecast (2023 - 2028):

The North America Whiskey Market was worth USD 1.47 billion in 2022 and estimated to be growing at a CAGR of 5.15%, to reach USD 1.89 billion by 2028. The market is showcasing evident potential in the mentioned forecasting period. The market continues to gain momentum with the rapid development in the industry.

Market Overview:

Whiskey comes under the category of affordable luxury items, resulting in many whiskey producing companies to launch more premium and super premium whiskies in the market. As an innovation, the brewing sector is launching an organic whiskey which does not have any artificial colours. 

Drivers and Restraints:

The North America whiskey market is majorly driven by the recent change in lifestyles, increasing habit of consuming liquor, growing disposable income, and rising affordability of whiskey. However, some of the restraints hamper the growth of the industry, like heavy taxes, strict regulations by the governments, and health hazards associated with whiskey consumption. 

North America Whiskey Market Segmentation Analysis:

The North America Whiskey Market is segmented on the basis of Product into Malt Whisky, Wheat Whisky, Rye Whisky, Corn Whisky, Blended Whisky, and Others. Based in Premium, the market is segmented into Premium, High End Premium, and Super Premium.

Region Analysis:

On the basis of geography, the North America market is analysed under the regions U.S.A and Canada. The North America region holds a significant share in the global whiskey market and is expected to show substantial growth during the future years.

Key Players in the Market:

Major key players in the North America Whiskey Market are

Accolade Wines, Allied Blenders & Distillers, Asahi Breweries, Bacardi Ltd., Beam Suntory, Diageo, John Distilleries, Pernod Ricard, and Smirnoff.

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