Craft Spirits Market in the US 2018-2022 - Expanding Market to Grow at a CAGR of 25.5% - ResearchAndMarkets.com
DUBLIN--(BUSINESS WIRE)--Aug 9, 2018--The “Craft Spirits Market in the US 2018-2022” report has been added to ResearchAndMarkets.com’s offering.
The Craft Spirits Market in the US to grow at a CAGR of 25.50% during the period 2018-2022.
Craft spirits market in the US 2018-2022, has been prepared based on an in-depth market analysis with inputs from industry experts. The report also includes a discussion of the key vendors operating in this market. To calculate the market size, the report considers the revenue generated from the sales of craft spirits through large craft distillers, medium craft distillers, and small craft distillers.
One trend affecting this market is the strategic initiatives taken by alcoholic drink players. In some cases, the focus of these players lies on portfolio gaps by acquiring brands with craft label to capitalize on the trust that consumers have on the small brands.
According to the report, one driver influencing this market is the growing demand for craft spirits among millennials and GenX consumers. The popularity of craft spirits is mainly driven by social media or word-of-mouth marketing.
Further, the report states that one challenge affecting this market is the difficulty entering the market. This is due to the need for high level of expertise, spirits to be aged for years before they are ready to be tasted, and presence of high-quality spirits.
Key vendorsBacardi Beam Suntory Brown-Forman Corporation Constellation Brands FEW Spirits TITO’S HANDMADE VODKA William Grant & Sons
Key Topics Covered:
PART 01: EXECUTIVE SUMMARY
PART 02: SCOPE OF THE REPORT
PART 03: RESEARCH METHODOLOGY
PART 04: MARKET LANDSCAPEMarket ecosystem Market characteristics Market segmentation analysis
PART 05: MARKET SIZINGCraft spirits market in the US Market size and forecast 2017-2022
PART 06: FIVE FORCES ANALYSIS
PART 07: MARKET SEGMENTATION BY PRODUCT TYPECraft whiskey Craft gin Craft vodka Other craft spirits
PART 08: MARKET SEGMENTATION DISTRIBUTION CHANNELOn-trade Off-trade
PART 09: CUSTOMER LANDSCAPE
PART 10: DECISION FRAMEWORK
PART 11: DRIVERS AND CHALLENGES
PART 12: MARKET TRENDSStrategic initiatives taken by alcoholic drink players Packaging innovations Emergence of craft cocktails based on craft spirits
PART 13: VENDOR LANDSCAPE
PART 14: VENDOR ANALYSISCompetitive scenario Vendors covered Vendor classification Market positioning of vendors
For more information about this report visit https://www.researchandmarkets.com/research/zrrxdp/craft_spirits?w=4
View source version on businesswire.com:https://www.businesswire.com/news/home/20180809005505/en/
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INDUSTRY KEYWORD: RETAIL WINE & SPIRITS
SOURCE: Research and Markets
Copyright Business Wire 2018.
PUB: 08/09/2018 10:43 AM/DISC: 08/09/2018 10:43 AM