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North American Wine Market Analysis, Size, Current Scenario and Future Prospects

09-26-2023 08:00 AM CET | Business, Economy, Finances, Banking & Insurance

Press release from: Orion Market Research

North American Wine Market Analysis, Size, Current Scenario

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. 

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. 

To Request a Sample of our Report on North American Wine Market:  https://www.omrglobal.com/request-sample/north-american-wine-market

North American Wine Market Segmentation

By Type

Still Wine
Sparkling Wine
Dessert Wine
Fortified Wine

By Distribution Channel 

Online 
Offline

A full Report of North American Wine Market is Available @  https://www.omrglobal.com/industry-reports/north-american-wine-market

Regional Analysis

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

Reasons to buy from us -

We cover more than 15 major industries, further segmented into more than 90 sectors.
More than 120 countries are for analysis.
Over 100+ paid data sources mined for investigation.
Our expert research analysts answer all your questions before and after purchasing your report.

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Media Contact:

Company Name: Orion Market Research

Contact Person: Mr. Anurag Tiwari

Email: info@omrglobal.com

Contact no:  +91 7803040404

About Orion Market Research 
Orion Market Research (OMR) is a market research and consulting company known for its crisp and concise reports. The company is equipped with an experienced team of analysts and consultants. OMR offers quality syndicated research reports, customized research reports, consulting and other research-based services. The company also offer Digital Marketing services through its subsidiary OMR Digital and Software development and Consulting Services through another subsidiary Encanto Technologies.

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