North America Wine Market was worth USD 109.58 billion in 2022 and estimated to be growing at a CAGR of 5.8%, to reach USD 145.26 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.
Wine comes under the category of affordable luxury items, resulting in many Wine producing companies to launch more types of wines in the market.
The North America Wine market is majorly driven by the recent change in lifestyles, increasing habit of consuming liquor, growing disposable income, and rising affordability of Wine. However, some of the restraints hamper the growth of the industry, like heavy taxes, strict regulations by the governments, and health hazards associated with Wine consumption.
The North America Wine Market is segmented on the basis of taste into dry, medium, and sweet wine. By wine style, wine market can be segmented into still wine, sparkling wine, dessert wine, and fortified wine. The market segment based on colour are red wine, white wine and rose wine.
On the basis of geography, the North America market is analysed under regions namely UU.S.A and Canada. U.S is a major producer and consumer of wine and has the highest per capita wine consumption.
Key Players in the Market:
Major key players in the North America Wine Market are
Caviro, Concha y Toro, Constellation Brands, Diageo, E & J Gallo, Grupo Penaflor, and Johnnie Walker.
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