North America Spirits Market Databank
The Spirits market was valued at $231,800.0 Million in 2020, and is projected to reach $298,179.3 Million by 2029 growing at a CAGR of 2.88% from 2021 to 2029. Vodka segment is expected to be the highest contributor to this market, with $76,657.1 Million in 2020, and is anticipated to reach $99,151.8 Million by 2029, registering a CAGR of 2.94%. Gin segment is anticipated to reach $22,276.9 Million by 2029 with the highest CAGR of 3.04%. Vodka and Whiskey segments collectively expected to account for about 63.9% share of the Spirits market in 2020, with the former constituting around 33.1% share. Gin and Rum segments are expected to witness significant growth rates at a CAGR of 3.04% and 3.01% respectively, during the forecast period. Presently, share of these two segments is estimated to be around 17.7% in the overall Spirits market in 2020, and is anticipated to reach 18.0% by 2029.
Learn how to effectively navigate the market research process to help guide your organization on the journey to success.
Download eBook