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(AsiaNewsWire.Net, January 18, 2020 ) Meticulous Research®– leading global market research company published a research report titled “𝐀𝐦𝐞𝐫𝐢𝐜𝐚𝐧 𝐖𝐡𝐢𝐬𝐤𝐞𝐲 𝐌𝐚𝐫𝐤𝐞𝐭 by Type (Bourbon, Tennessee, Rye Whiskey), Geography (U.S., Canada, Mexico, U.K., Germany, France, Spain, Russia, Poland, Italy, Austria, Switzerland, Australia, Japan, China, India, Brazil, Argentina, Chile) - Forecast to 2025”.
According to this latest publication from Meticulous Research®, 𝐭𝐡𝐞 𝐠𝐥𝐨𝐛𝐚𝐥 𝐀𝐦𝐞𝐫𝐢𝐜𝐚𝐧 𝐰𝐡𝐢𝐬𝐤𝐞𝐲 𝐦𝐚𝐫𝐤𝐞𝐭 𝐢𝐬 𝐞𝐱𝐩𝐞𝐜𝐭𝐞𝐝 𝐭𝐨 𝐠𝐫𝐨𝐰 𝐚𝐭 𝐚 𝐂𝐀𝐆𝐑 𝐨𝐟 𝟗.𝟗% 𝐟𝐫𝐨𝐦 𝟐𝟎𝟏𝟗 𝐭𝐨 𝐫𝐞𝐚𝐜𝐡 $𝟏𝟔.𝟖 𝐛𝐢𝐥𝐥𝐢𝐨𝐧 𝐛𝐲 𝟐𝟎𝟐𝟓. The growth in the American whiskey market is mainly attributed to growing demand for premium American whiskies and the rising number of super-premium and ultra-premium brands, rapid urbanization across the globe, and fast-growing cocktail market. In addition, effective marketing strategies & promotions, growing new product launches, and rising export of American whiskies are the emerging trends positively impacting the market growth during the forecast period. On the other hand, stringent government rules and regulations, change in consumer preferences, and the threat of substitutes - are recognized as the major hurdles to overcome in the American whiskey market.
𝐓𝐨 𝐑𝐞𝐚𝐝 𝐋𝐚𝐭𝐞𝐬𝐭 𝐓𝐫𝐞𝐧𝐝𝐬 𝐀𝐛𝐨𝐮𝐭 𝐀𝐦𝐞𝐫𝐢𝐜𝐚𝐧 𝐖𝐡𝐢𝐬𝐤𝐞𝐲 𝐌𝐚𝐫𝐤𝐞𝐭, 𝐃𝐨𝐰𝐧𝐥𝐨𝐚𝐝 𝐅𝐫𝐞𝐞 𝐒𝐚𝐦𝐩𝐥𝐞 𝐑𝐞𝐩𝐨𝐫𝐭:
𝐆𝐫𝐨𝐰𝐭𝐡 𝐏𝐫𝐨𝐬𝐩𝐞𝐜𝐭𝐬 𝐢𝐧 𝐭𝐡𝐞 𝐀𝐦𝐞𝐫𝐢𝐜𝐚𝐧 𝐖𝐡𝐢𝐬𝐤𝐞𝐲 𝐌𝐚𝐫𝐤𝐞𝐭
The global American whiskey market study presents historical market data in terms of values and volume (2017 and 2018), estimated current data (2019), and forecasts for 2025-by type (Bourbon, Tennessee, Rye Whiskey), and geography. The study also evaluates industry competitors and analyzes the market at the regional and country levels.
𝐁𝐚𝐬𝐞𝐝 𝐨𝐧 𝐭𝐲𝐩𝐞, bourbon whiskey is estimated to command the largest share of the overall American whiskey market in 2019. The largest share of bourbon whiskey is due to huge demand from international adult consumers and more exploration of the U.S. spirits, majorly driven by their fascination with American whiskey’s heritage, as well as its mixability and versatility in cocktails. However, Rye Whiskey is expected to grow at the fastest CAGR during the forecast period.
𝐍𝐨𝐫𝐭𝐡 𝐀𝐦𝐞𝐫𝐢𝐜𝐚 𝐜𝐨𝐦𝐦𝐚𝐧𝐝𝐞𝐝 𝐭𝐡𝐞 𝐥𝐚𝐫𝐠𝐞𝐬𝐭 𝐬𝐡𝐚𝐫𝐞 𝐨𝐟 𝐭𝐡𝐞 𝐠𝐥𝐨𝐛𝐚𝐥 𝐀𝐦𝐞𝐫𝐢𝐜𝐚𝐧 𝐰𝐡𝐢𝐬𝐤𝐞𝐲 𝐦𝐚𝐫𝐤𝐞𝐭, closely followed by Europe and Asia. The consumer knowledge and their thrust to explore a different variety of premium whiskies is driving the demand for American whiskey. However, the Asia Pacific region is slated to register the fastest growth at a CAGR of 15.2% during the forecast period, primarily due to the growing demand for premium Japanese barrel-aged whiskey, favorable trade policies, and rising demand for the highball- a mix of whiskey and soda served over ice. Increasing consumption in developing countries like India and Australia is further supporting the growth of this market in this region.
𝐌𝐚𝐫𝐤𝐞𝐭 𝐓𝐨𝐩 𝐏𝐥𝐚𝐲𝐞𝐫𝐬
The prominent players operating in the American whiskey market are Brown-Forman Corporation (U.S.), Beam Suntory, Inc. (U.S.), Diageo PLC, Davide Campari-Milano S.p.A., Heaven Hill Brands, Sazerac Company, Inc., Kirin Holdings Company Limited, Castle Brands, Tuthilltown Spirits, and Luxco, Inc. among others.
𝐄𝐱𝐩𝐥𝐨𝐫𝐞 𝐟𝐮𝐥𝐥 𝐫𝐞𝐩𝐨𝐫𝐭 𝐰𝐢𝐭𝐡 𝐭𝐚𝐛𝐥𝐞 𝐨𝐟 𝐜𝐨𝐧𝐭𝐞𝐧𝐭𝐬: https://www.meticulousresearch.com/product/american-whiskey-market-5042/
𝐒𝐜𝐨𝐩𝐞 𝐨𝐟 𝐀𝐦𝐞𝐫𝐢𝐜𝐚𝐧 𝐖𝐡𝐢𝐬𝐤𝐞𝐲 𝐌𝐚𝐫𝐤𝐞𝐭 𝐑𝐞𝐩𝐨𝐫𝐭:
𝑴𝒂𝒓𝒌𝒆𝒕 𝒃𝒚 𝑻𝒚𝒑𝒆
𝑴𝒂𝒓𝒌𝒆𝒕 𝒃𝒚 𝑮𝒆𝒐𝒈𝒓𝒂𝒑𝒉𝒚
Rest of Europe (RoE)
Rest of Asia
Rest of Latin America
Middle East & Africa
𝐅𝐢𝐥𝐥 𝐭𝐡𝐞 𝐟𝐨𝐫𝐦 𝐭𝐨 𝐠𝐚𝐢𝐧 𝐝𝐞𝐞𝐩𝐞𝐫 𝐢𝐧𝐬𝐢𝐠𝐡𝐭𝐬 𝐨𝐧 𝐭𝐡𝐢𝐬 𝐦𝐚𝐫𝐤𝐞𝐭 𝐅𝐑𝐄𝐄: https://www.meticulousresearch.com/request-sample-report/cp_id=5042
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