American Whiskey market report contains a comprehensive market and vendor landscape in addition to a SWOT analysis of the key vendors. The report provides actionable intelligence on major factors influencing the American Whiskey market (drivers, opportunities, industry specific challenges, and other critical issues) along with the American Whiskey market size of various segments.
The production and labeling of American whiskey has to be under the Title 27 of the US Code of Federal Regulations. American whiskey was traditionally produced within the boundaries of the US and can be classified as bourbon, Tennessee whiskey, rye whiskey, corn whiskey, wheat whiskey, blended whiskey, and malt whiskey. With the exception of Tennessee whiskey and Canadian whisky, Kentucky (US) can produce all kinds of North American whiskey. It has the largest concentration of distilleries in North America.
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On the grounds of comprehensive, reliable data derived from extensive research of multiple sources (both primary and secondary) and in-depth market analysis with inputs from industry experts, American Whiskey market projected to grow at a CAGR of 6% during the period 2017-2021.
American Whiskey Market Drivers, Challenges and Trends: –
Market Driver: – The growing cocktail culture will drive the global american whiskey market. the growing cocktail culture around the world has brought a significant increase in the demand for american whiskey. bourbon is popular in the preparation of cocktails in bars and restaurants. with growing age and increase in their spending power, youth (18-29 years) will form a huge consumer group for cocktails. as a result, innovative cocktails will drive the global american whiskey market during the forecast period. some of the popular bourbon cocktail tequilas are bourbon rickey, brown derby, bourbon old fashioned, bourbon manhattan, mint julep, and maker’s mark collins.
Market Challenge: – Vendors in the global whiskey market face issues in complying with the stringent rules and regulations imposed by the various authorities in certain countries the vendors operate in. these regulations pertain to permits, regulations for the entry of new players, and the launch of new products. the number of regulations present in some countries is minimal and they are at times lenient, whereas in other countries the regulations are stringent and on the rise. in china, a large percentage of the whiskey consumed is through corporate gifting to officials contributing to the problem of corruption. consequently, to keep a check on the rising corruption, the government in china in 2013, restricted gifting of expensive gifts to officials, which included whiskey, watches, and other luxury goods. this resulted in a 66% decline in the sales of whiskey in china in 2013. also, most of the locally produced spirits are falsely labeled and sold as scotch whisky, which is hampering the images of the brand and limiting sales.
Market trend: – One trend gaining popularity in this segment is new product launches. Companies are launching new products, which will help in driving the sales of American whiskey now and during the forecast period. This helps them gain a large consumer base and meet the growing demands of the market. Vendors are now also experimenting with new packaging and labeling designs, a major purchase criterion for consumers. In 2015, Jim Beam launched new Jim Beam Apple. Similarly, the Orphan Barrel Whiskey Distilling Company owned by Diageo released its Rhetoric 21-Year-Old Kentucky Straight Bourbon Whiskey in August 2015. Some other notable new product launches in 2015 were Diamond State Bourbon Whiskey by Painted Stave Distilling and Yellowstone, limited edition Kentucky straight bourbon whiskey by Limestone Branch Distillery
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Market segmentation by distribution channel
Geographic Segmentation: – Americas, APAC, EMEA
To calculate the American Whiskey market size the report considers the revenue generated from the retail sales of American whiskey products to individual consumers as well as clubs, pubs, and bars. The report covers the market landscape and its growth prospects over the coming years. Further it converses about key vendors operating in American Whiskey market like Beam Suntory, Brown-Forman, Diageo, Gruppo Campari, Heaven Hill and many more.
Some of the Exhibits included in American Whiskey Market report: –
Exhibit 01: Key countries in each region
Exhibit 02: Segmentation by distribution channels
Exhibit 03: Product offerings
Exhibit 04: Overview of global whiskey market
Exhibit 05: Global spirits market by volume 2015-2020 (billions of liters)
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With geographic breakdown of the American Whiskey market in terms of detailed analysis and impact, this report provides business dimensions with an eye on growth opportunities and contribution of upcoming market segments.