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Bourbon Spirits Market Report 2024: Industry Growth, Size, Share, Trends, Analysis, Forecast to 2033
Bourbon Spirits Market
As per the report, the bourbon spirits market size has grown strongly in recent years. It will grow from $7.79 billion in 2023 to $8.29 billion in 2024 at a compound annual growth rate (CAGR) of 6.4%. The bourbon spirits market size is expected to see strong growth in the next few years. It will grow to $10.69 billion in 2028 at a compound annual growth rate (CAGR) of 6.6%.
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What Is Driving The Growth Of The Global Bourbon Spirits Market?
Impact Of Rising Alcoholic Beverage Consumption On The Bourbon Spirits Market
The rising consumption of alcoholic beverages is expected to propel the growth of the bourbon spirits market going forward. Alcoholic beverages refer to drinkable liquids containing ethanol (ethyl alcohol), a psychoactive substance that is rapidly absorbed from the gastrointestinal tract and distributed throughout the body. The rising consumption of alcoholic beverages can be attributed to factors such as changes in social norms, increased availability and marketing, and cultural influences. Bourbon spirits are enjoyed for their rich, distinctive flavor and are a popular choice in cocktails, on the rocks, or neat among alcohol consumers
What Is The Key Trend In The Global Bourbon Spirits Market?
Innovative Wood-Finished Bourbon Tasting Set For Connoisseurs
Major companies operating in the bourbon spirits market are focused on developing innovative solutions, such as wood-finished bourbon, to cater to evolving consumer preferences and differentiate their products. Wood-finished bourbon is a bourbon whiskey that has undergone additional aging in barrels previously used for other spirits or wines, imparting unique and complex flavors.
How Is The Global Bourbon Spirits Market Segmented?
The bourbon spirits market covered in this report is segmented -
1) By Type: Barrel Select, Wheated, Barrel Finished, Other Types
2) By Alcohol By Volume (ABV): 40%-45%, 46%-55%, 56% And Above
3) By Distribution Channel: On-Trade, Off-Trade
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How Is The Competitive Landscape Of The Global Bourbon Spirits Market?
Major companies operating in the bourbon spirits market are Suntory Holdings Limited, Brown-Forman Corporation, Sazerac Company Inc, MGP Ingredients Inc, Jack Daniel's, Jim Beam, Buffalo Trace, Angel's Envy, Heaven Hill Brands, Four Roses, Maker's Mark, Bardstown Bourbon Company, Laws Whiskey House, Woodford Reserve, Bulleit Bourbon, Old Forester, Knob Creek, Conecuh Brands LLC, Distiller's Way LLC, Evan Willaims, Jos. A. Magnus & Co, Nashville Barrel Company, Michters Distillery LLC, Wyoming Whiskey Inc, Willett Distillery
Contents Of The Global Bourbon Spirits Market
1. Executive Summary
2. Bourbon Spirits Market Report Structure
3. Bourbon Spirits Market Trends And Strategies
4. Bourbon Spirits Market - Macro Economic Scenario
5. Bourbon Spirits Market Size And Growth
…..
27. Bourbon Spirits Market Competitor Landscape And Company Profiles
28. Key Mergers And Acquisitions
29. Future Outlook and Potential Analysis
30. Appendix
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