Jan 15, 2020 (Heraldkeepers) -- The US Alcoholic Beverage Market is estimated to grow at a CAGR of 2.5% during the forecast period. The market value of alcoholic beverages in US was $246.0 billion in 2018 which is estimated to hit $288.8 billion in 2025. The US alcoholic beverage market is driven by various pivotal factors such as an increased pool of young-adult population, growing disposable income around the globe and new product launches. The company's top brand includes Jim Beam, Maker’s Mark, Old Grand-Dad, Old Crow, Teacher’s Highland Cream, Beam’s Eight Star, and Canadian Club.
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Alcoholic beverage manufacturers are making efforts for expanding their distribution channels such as online stores, and convenience stores. The introduction of new products in alcoholic beverages is attracting millennial consumers from around the globe.
There are several alcoholic beverages manufacturers in the country, including Craft Brew Alliance, Constellation Brands Inc., and Molson Coors Brewing Co. Constellation Brands Inc. is a manufacturer, and supplier of wine, beer, and spirits, and has its facilities in more than 40 countries and includes over 100 brands in its product portfolio.
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US Alcoholic Beverage Market -Segmentation
-- Distilled Spirit
By Packaging Type
-- Glass Bottles
-- Others (Plastic Bottles)
-- Boston Beer Company, Inc.
-- Bronco Wine Co.
-- Brown-Forman Corp.