Americas Spirits Sector Market Outlook with Case Studies of The Notch Single Malt 15 Year, Sheringham Distillery and Roaming Man Tennessee Straight Rye Whiskey
December 31, 2020 06:58 ET | Source: Research and Markets Research and Markets Dublin, IRELAND
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The global spirits sector was valued at US$823,604.3 million in 2019. Over the forecast period, the global spirits sector is expected to grow at a CAGR of 1.7% to reach US$894,041.4 by 2024. Americas was the second largest market in the global spirits sector with value sales of US$162,413.2 million, accounting for a value share of 19.7% in 2019. Americas is set to grow at a value and volume CAGR of 2.5% and 3.8%, respectively, during 2019-2024. Based on the relative performance of countries on multiple metrics, the US, Canada, Panama, and Colombia were shortlisted as high-potential countries, primarily due to the large spirits sector size, pro