The United States distilled spirits market is estimated to grow at a CAGR of around 3% during the forecast period. According to the Distilled Spirits Council, nearly 63% of the US whiskey exports have faced retaliatory tariffs from the EU, China, Turkey, Canada, and Mexico. The US-China trade war and the new tariffs levied by the US on EU imports are some of the major factors that can be considered to derail the US distilled spirits market growth. These actions of the country will further affect the distilled spirit industry of the US in the near future.

According to the Distilled Spirits Council, since the EU has imposed 25% retaliatory tariffs on American whiskey in 2018, the exports have declined to nearly 21%. Moreover, China has imposed 54% retaliatory tariffs on the US wine imports, which has considerably decreased, nearly 57% decline in trade of the US with China. In October 2019, the US imposed retaliatory tariffs on around $7.5 billion worth of EU goods. French wine, Airbus, and Scottish whiskeys were among the major targets of the tariffs.

The presence of several distilled spirit manufacturers includes Remy Cointreau SA, Pernod-Ricard SA, Brown-Forman Corp., Diageo plc, Marie Brizard Wine & Spirits, Lapostolle SA, Constellation Brands Inc., and Berentzen-Gruppe AG among others is further anticipated to make a significant contribution to the growth of the distilled spirit market. These major market players are constantly focusing on new product launches and widening their product lines to remain competitive in the distilled spirits market. For instance, in October 2019, Brown Forman Corp. announced that it has reached an agreement to purchase the 86 companies and Brown-Forman adds Fords Gin, a premium gin to its portfolio. Fords Gin is a brand with terrific momentum and is the fastest-growing category in spirits. The company is producing unique, high quality and mixable gin.

Research Methodology

The market study of the US distilled spirits market is incorporated by extensive primary and secondary research conducted by the research team. Secondary research has been conducted to refine the available data to breakdown the market in various segments, derive total market size, market forecast, and growth rate. Different approaches have been worked on to derive the market value and market growth rate. Our team collects facts and data related to the market from different geography to provide a better regional outlook. In the report, the country-level analysis is provided by analyzing various regional players, regional tax laws and policies, consumer behavior and macro-economic factors. Numbers extracted from secondary research have been authenticated by conducting proper primary research. It includes tracking down key people from the industry and interviewing them to validate the data. This enables our analyst to derive the closest possible figures without any major deviations in the actual number. Our analysts try to contact as many executives, managers, key opinion leaders, and industry experts. Primary research brings authenticity to our reports.

Secondary Sources Include

• Financial reports of companies involved in the market.
• Whitepapers, research-papers, and news blogs.
• Company websites and their product catalog.

The report is intended for alcoholic beverages manufacturing companies, spirits distributors and suppliers, and other related companies for overall market analysis and competitive analysis. The report provides an in-depth analysis of market size, intended quality of the service preferred by consumers. The report will serve as a source for a 360-degree analysis of the market thoroughly integrating different models.

Market Segmentation

1. US Distilled Spirits Market Research and Analysis by Type

2. US Distilled Spirits Market Research and Analysis by Distribution Channel 

The Report Covers

• Comprehensive research methodology of the US distilled spirits market.
• This report also includes a detailed and extensive market overview with key analyst insights.
• An exhaustive analysis of macro and micro factors influencing the market guided by key recommendations.
• Analysis of regional regulations and other government policies impacting the US distilled spirits market.
• Insights about market determinants which are stimulating the US distilled spirits market.
• Detailed and extensive market segments with regional distribution of forecasted revenues.
• Extensive profiles and recent developments of market players.