15 Best Bourbons in the World
Bourbon is a type of American whiskey that is made primarily of corn. The drink plays a key role in the broader alcohol industry. Bourbon has gained a lot of market share over the last several months. According to Statista, bourbons held a market share of 39.1% of total alcohol sales in the U.S. The drink is rising with the increase in demand that is making the entire industry to flourish. For instance, American spirit company Brown-Forman Corporation (NYSE: BF.A), which is behind several notable bourbon brands, generated net sales of $3.36 billion in 2020, compared to $3.32 billion in 2019. Whiskey suppliers’ gross revenue reached $10.86 billion in 2020 in the U.S. Many companies contributed to this amount, including Beam Suntory Inc. (NYSE: BEAM), Diageo plc (ADR) (NYSE: DEO), Constellation Brands, Inc. (NYSE: STZ), Heaven Hill Brands, Sazerac Company, etc. Moreover, the global consumption of liquor has reached approximately 23 billion liters.