North American Wine Market: Industry Growth, Market Size, Share and Forecast 2019-2025

The North American Wine Market is estimated to grow at a CAGR of 3.2% during the forecast period. The wine industry valued at $47.3 billion in 2018 and is estimated to reach $58.5 billion in 2025. Health benefits and premiumization of wine products along with innovation in flavor and more advanced distribution networks across the globe are the major factors that drive the growth of North American wine industry. The wine contains antioxidants that, when consumed, fight with free radicals to avoid diseases such as cancer.

To learn more about this report request a free sample copy @ https://www.omrglobal.com/request-sample/north-american-wine-market

According to the Wine Institute of the US, the consumption of wine has been increased over the past 4 years from 919 million gallons in 2015 to 966 million gallons in 2018. However, the consumption of wine per individual has not seen a sharp increase. In 2015, the wine consumption per individual was 2.86 gallons and in 2018 the wine consumption per individual was 2.95 gallons.

According to the World Health Organization, in 2016, wine holds 28% of share (in terms of volume) in the overall alcoholic beverage consumption across the globe. Growing demand for wine is contributing to North American wine market growth.
The prominent companies in the market are Constellation Brands, Treasury Wine Estates, and Accolade Wines. These market players adopt several strategies in order to stay competitive in the market. For instance, in June 2019, No Fine Print Wine Co. had launched Lil Fizz. Lil Fizz is a highly crushable, slightly fizzy canned white wine that is readily available online and at retail locations across the US. The launch of Lil Fizz is expected to address the demand for high-quality crushable wine of the consumers.

A full report of North American Wine Market is available at https://www.omrglobal.com/industry-reports/north-american-wine-market

North American Wine Market-Segmentation

By Type
• Still Wine
• Sparkling Wine
• Dessert Wine
• Fortified Wine

By Distribution Channel
• Online
• Offline

North American Wine Market-Regional
• US
• Canada

Company Profiles
• Accolade Wines
• Bronco Wine Co.
• Carlsberg Breweries A/S
• Constellation Brands, Inc.
• Craft Brew Alliance
• Diageo PLC
• Heineken Holding N.V.
• Molson Coors Brewing Co.
• SABMiller PLC
• The Boston Beer Company, Inc.
• The Wine Group, Inc.
• Treasury Wine Estates

For more customized data, request for report customization @ https://www.omrglobal.com/report-customization/north-american-wine-market

Company Name: Orion Market Reports
Contact Person: Mr. Anurag Tiwari
Email: info@orionmarketreports.com
Contact no: +1 646-755-7667, +91 780-304-0404

Orion Market Reports (OMR) endeavors to provide an exclusive blend of qualitative and quantitative market research reports to clients across the globe. Our organization helps both multinational and domestic enterprises to bolster their business by providing in-depth market insights and most reliable future market trends. Our reports address all the major aspects of the markets providing insights and market outlook to global clients.

This release was published on openPR.