According to a market report by Lucintel, the future of the spirit market in the US looks promising with opportunities in the off-trade and on-trade retail markets. The major drivers for this market are increasing disposable income, rising consumption of premium and super premium alcohols, and increasing population of young generation.
In this market, vodka, gin, tequila, rum, whisky, brandy, cane, natural spirits, and flavored spirits are the major product types. Whiskey is expected to remain the largest segment over the forecast period due to increasing demand for premium whiskies with growing number of super-premium brands and the fast-growing cocktail.
Within the spirit market, the on-trade segment is expected to witness the highest growth over the forecast period due to easy access & availability of the product and the presence of a large number of brands.
Lucintel, a leading global strategic consulting and market research firm, has analyzed growth opportunities in the spirit market in the US by type and distribution channel and has compiled a comprehensive research report titled “Growth Opportunities for the Spirit Market in the US 2021-2026: Trends, Forecast, and Opportunity Analysis.” The Lucintel report serves as a catalyst for growth strategy by providing comprehensive data and analysis on trends, key drivers, and directions. The study includes a forecast for the spirit market in the US by type and distribution channel as follows:
By Type [$ Million Shipment Analysis from 2015 to 2026]:
Vodka
Gin
Tequila
Rum
Whisky
Brandy
Cane
Natural Spirits
Flavored Spirits
By Distribution Channel [$ Million Shipment Analysis from 2015 to 2026]:
A more than 50 pages research report will enable you to make confident business decisions in this globally competitive marketplace. For a detailed table of contents, contact Lucintel at +1-972-636-5056 or click on this link…… or helpdesk@lucintel.com.
About Lucintel
Lucintel, the premier global Management Consulting and market research firm, creates winning strategies for growth. It offers market assessments, competitive analysis, opportunity analysis, Growth Consulting, M&A, and Due diligence services to executives and key decision makers in a variety of industries. For further information, visit www.lucintel.com.