The alcoholic beverages market in US is expected to grow by USD 64.01 billion as per Technavio. This marks a significant market growth compared to the 2019 growth estimates due to the impact of the COVID-19 pandemic in the first half of 2020. Healthy growth is expected to continue throughout the forecast period, and the market is expected to grow at a CAGR of almost 5%.
This press release features multimedia. View the full release here: https://www.businesswire.com/news/home/20200729005350/en/
Technavio has announced its latest market research report titled Alcoholic Beverages Market in US 2020-2024 (Graphic: Business Wire)
Request challenges and opportunities that influence COVID-19 pandemic Request free sample pages of the alcoholic beverages market in US
Read the 120-page report with TOC on "Alcoholic Beverages Market in US Analysis Report by Product (Beer, Spirits, and Wine), Distribution Channel (Off-trade and On-trade), and the Segment Forecasts, 2020-2024".
https://www.technavio.com/report/alcoholic-beverages-market-in-us-industry-analysis
The market is driven by new product launches. In addition, the increasing number of M&As are anticipated to boost the growth of the alcoholic beverages market in the US.
Successful product launches are crucial in increasing the revenue flow of the company and expanding the customer base. Hence, players in the market are focusing on launching new and improved products to gain a competitive advantage over their rivals. For instance, in June 2018 BOM BOM Brands launched a new alcoholic beverage under the brand name, Fully Baked in the US. The product is a blend of chocolate chip cookie and brownie flavors with premium Caribbean rum and hemp milk. Similarly, in June 2018, Quaker City Mercantile and Diageo jointly launched a new line of alcohol drinks under the brand name, Quaker City Shrubs. The new product is available in grapefruit, blackberry, and apple flavors. Many such product launches are fueling the growth of the alcoholic beverages market in US.
Buy 1 Technavio report and get the second for 50% off. Buy 2 Technavio reports and get the third for free.
View market snapshot before purchasing
Major Five Alcoholic Beverages Companies in US :
Anheuser Busch InBev SA/NV
Anheuser Busch InBev SA/NV operates its business through segments such as North America, Latin America West, Latin America North, Latin America South, EMEA, APAC, and Global Export and holding companies. The company offers beer under numerous brands including Brahma, Aguila, Budweiser, Corona, Kirin, and others.
Bacardi Ltd.
Bacardi Ltd. operates its business through segments such as BACARDI Rum, DEWAR'S Blended Scotch Whisky, and Others. The company offers spirits and wine products under many well-known brands such as Bombay Sapphire, Dewar, Bacardi, Martini Vermouth, Eristoff, Grey Goose, Aberfedly, and Cazadores.
Beam Suntory Inc.
Beam Suntory Inc. operates its business through segments such as Whiskey, Tequila, and Others. The company offers spirit products under numerous brands including Jim Beam, Hibiki whisky, Vox vodka, and others.
Brown-Forman Corp.
Brown-Forman Corp. operates its business through a unified operating segment. The company offers products such as whiskey, scotch, tequila, vodka, wine, and gin.
Carlsberg Breweries AS
Carlsberg Breweries AS operates its business through segments such as Western Europe, Asia, Eastern Europe, and Not allocated. The company offers alcoholic and non-alcoholic products under international and local brands.
Register for a free trial today and gain instant access to 17,000+ market research reports.
Technavio's SUBSCRIPTION platform
Alcoholic Beverages Market in US Product Outlook (Revenue, USD Billion, 2020-2024)
- Beer
- Spirits
- Wine
Alcoholic Beverages Market in US Distribution Channel Outlook (Revenue, USD Billion, 2020-2024)
- Off-trade
- On-trade
Technavio's sample reports are free of charge and contain multiple sections of the report, such as the market size and forecast, drivers, challenges, trends, and more.
Request a free sample report
Related Reports on Consumer Staples Include:
Global Alcoholic Drinks Market Global alcohol drinks market by type (beer, wine, spirits, RTD pre-mixes, and cider) and geographic landscape (APAC, Europe, MEA, North America, and South America).
Global Low-Alcohol Beer Market Global low-alcohol beer market by distribution channel (offline and online) and geography (Europe, APAC, North America, MEA, and South America).
About Technavio
Technavio is a leading global technology research and advisory company. Their research and analysis focus on emerging market trends and provides actionable insights to help businesses identify market opportunities and develop effective strategies to optimize their market positions.
With over 500 specialized analysts, Technavio's report library consists of more than 17,000 reports and counting, covering 800 technologies, spanning across 50 countries. Their client base consists of enterprises of all sizes, including more than 100 Fortune 500 companies. This growing client base relies on Technavio's comprehensive coverage, extensive research, and actionable market insights to identify opportunities in existing and potential markets and assess their competitive positions within changing market scenarios.
View source version on businesswire.com: https://www.businesswire.com/news/home/20200729005350/en/
Contacts:
Technavio Research
Jesse Maida
Media Marketing Executive
US: +1 844 364 1100
UK: +44 203 893 3200
Email: media@technavio.com
Website: www.technavio.com/
