United States Distilled Spirits Market SIZE AND SHARE ANALYSIS - GROWTH TRENDS AND FORECASTS (2024 - 2031)
United States Distilled Spirits Market is Segmented By Product Type (Whiskey, Vodka, Rum, Gin, Tequila, Brandy, Others), By Distribution Type (Oral, T....
United States Distilled Spirits Market Size
Market Size in USD
CAGR3.40%
| Study Period | 2024 - 2031 |
| Base Year of Estimation | 2023 |
| CAGR | 3.40% |
| Largest Market | U.S. |
| Market Concentration | Medium |
| Major Players | Diageo plc, Pernod-Ricard SA, Constellation Brands Inc, Brown-Forman Corporation, Remy Cointreau SA |
*Disclaimer: Major players are listed in no particular order.
*Source: Coherent Market Insights
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United States Distilled Spirits Market Analysis
The United States Distilled Spirits Market is estimated to be valued at USD 31.33 Bn in 2024 and is expected to reach USD 39.21 Bn by 2031, growing at a compound annual growth rate (CAGR) of 3.40% from 2024 to 2031. The United States represents one of the largest markets for distilled spirits globally due to rising disposable incomes and an increasing social acceptability of alcohol consumption.
The market is expected to witness steady growth during the forecast period driven by rising population of millennials and generation Z.