North America Luxury Wines and Spirits Market Size, Share & Industry Trends Analysis Report By Type (Wines/Champagnes, and Spirits), By Distribution Channel (Retail, Wholesale, E-commerce, and Others), By Country and Growth Forecast, 2023 - 2029

North America Luxury Wines and Spirits Market Size, Share & Industry Trends Analysis Report By Type (Wines/Champagnes, and Spirits), By Distribution Channel (Retail, Wholesale, E-commerce, and Others), By Country and Growth Forecast, 2023 - 2029


The North America Luxury Wines and Spirits Market would witness market growth of 6.0% CAGR during the forecast period (2023-2029).

The luxury wines and spirits market include alcoholic beverages with an alcohol by volume (ABV) between 3 to 40%. Available beverages include wines and distilled spirits, often of high quality and cost a premium. These items are typically consumed at weddings, parties, get-togethers, and other celebrations. Government restrictions prevent customers under the age of 17 from consuming them in the majority of countries. But middle-aged consumers between the ages of 35 and 55 are beginning to favor it increasingly.

Due to their perceived higher worth and exclusivity, rare & vintage wines and spirits have witnessed an increase in demand. Furthermore, the popularity of luxury wines and spirits is driven by consumers' demand for a distinctive and personalized experience. Therefore, customers look for products that can evoke exclusivity and luxury and have a distinctive flavor and history.

Additionally, the demand for organic and sustainable goods is increasing, which presents a significant growth opportunity for the luxury wine and spirits market. The growing interest in organic and sustainable products stimulates the demand for luxury wines and spirits in various ways.

Due to the fact that fortified wines provide customers with more unusual options and possibilities, they are one of the alcoholic beverage categories with the highest growth in the United States. In addition, the rise of single-spirit bars has contributed to the country's overabundance of fortified wines. Sherry and port, vintage fortified wines, are particularly well-liked in such places. As a result, businesses have started aggressive branding campaigns and social media marketing to raise brand recognition. Thus, there is expected to be significant demand for fortified wines in the North American region, which would help the market growth for luxury wines and spirits.

The US market dominated the North America Luxury Wines and Spirits Market by Country in 2022; thereby, achieving a market value of $76,151.1 Million by 2029. The Canada market is estimated to grow at a CAGR of 8.1% during (2023 - 2029). Additionally, The Mexico market would witness a CAGR of 7.8% during (2023 - 2029).

Based on Type, the market is segmented into Wines/Champagnes, and Spirits. Based on Distribution Channel, the market is segmented into Retail, Wholesale, E-commerce, and Others. Based on countries, the market is segmented into U.S., Mexico, Canada, and Rest of North America.

The market research report covers the analysis of key stakeholders of the market. Key companies profiled in the report include Diageo plc, Thai Beverage Public Company Limited, Davide Campari-Milano N.V. (Campari Group), LVMH SE, Suntory Holdings Limited, Brown-Forman Corporation, Hitejinro Co., Ltd., Pernod Ricard S.A., Bacardi Limited, Bayadera Group

Scope of the Study

Market Segments covered in the Report:

By Type

Wines/Champagnes
Spirits
By Distribution Channel

Retail
Wholesale
E-commerce
Others
By Country

US
Canada
Mexico
Rest of North America
Companies Profiled

Diageo plc
Thai Beverage Public Company Limited
Davide Campari-Milano N.V. (Campari Group)
LVMH SE
Suntory Holdings Limited
Brown-Forman Corporation
Hitejinro Co., Ltd.
Pernod Ricard S.A.
Bacardi Limited
Bayadera Group
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Chapter
1. Market Scope & Methodology
1.1 Market Definition
1.2 Objectives
1.3 Market Scope
1.4 Segmentation
1.4.1 North America Luxury Wines and Spirits Market, by Type
1.4.2 North America Luxury Wines and Spirits Market, by Distribution Channel
1.4.3 North America Luxury Wines and Spirits Market, by Country
1.5 Methodology for the research
Chapter
2. Market Overview
2.1 Introduction
2.1.1 Overview
2.1.1.1 Market Composition & Scenario
2.2 Key Factors Impacting the Market
2.2.1 Market Drivers
2.2.2 Market Restraints
Chapter
3. Strategies Deployed in Luxury Wines and Spirits Market
Chapter
4. North America Luxury Wines and Spirits Market by Type
4.1 North America Wines/Champagnes Market by Country
4.2 North America Spirits Market by Country
Chapter
5. North America Luxury Wines and Spirits Market by Distribution Channel
5.1 North America Retail Market by Country
5.2 North America Wholesale Market by Country
5.3 North America E-commerce Market by Country
5.4 North America Others Market by Country
Chapter
6. North America Luxury Wines and Spirits Market by Country
6.1 US Luxury Wines and Spirits Market
6.1.1 US Luxury Wines and Spirits Market by Type
6.1.2 US Luxury Wines and Spirits Market by Distribution Channel
6.2 Canada Luxury Wines and Spirits Market
6.2.1 Canada Luxury Wines and Spirits Market by Type
6.2.2 Canada Luxury Wines and Spirits Market by Distribution Channel
6.3 Mexico Luxury Wines and Spirits Market
6.3.1 Mexico Luxury Wines and Spirits Market by Type
6.3.2 Mexico Luxury Wines and Spirits Market by Distribution Channel
6.4 Rest of North America Luxury Wines and Spirits Market
6.4.1 Rest of North America Luxury Wines and Spirits Market by Type
6.4.2 Rest of North America Luxury Wines and Spirits Market by Distribution Channel
Chapter
7. Company Profiles
7.1 Diageo plc
7.1.1 Company Overview
7.1.2 Financial Analysis
7.1.3 Segmental and Regional Analysis
7.1.4 Research & Development Expenses
7.1.5 Recent strategies and developments:
7.1.5.1 Acquisition and Mergers:
7.2 Thai Beverage Public Company Limited
7.2.1 Company Overview
7.2.2 Financial Analysis
7.2.3 Segmental and Regional Analysis
7.3 Davide Campari-Milano N.V. (Campari Group)
7.3.1 Company Overview
7.3.2 Financial Analysis
7.3.3 Regional Analysis
7.3.4 Research & Innovation Expenses
7.4 LVMH SE
7.4.1 Company Overview
7.4.2 Financial Analysis
7.4.3 Segmental and Regional Analysis
7.4.4 Recent strategies and developments:
7.4.4.1 Partnerships, Collaborations, and Agreements:
7.4.4.2 Acquisition and Mergers:
7.5 Suntory Holdings Limited
7.5.1 Company Overview
7.5.2 Financial Analysis
7.5.3 Segmental and Regional Analysis
7.5.4 Research & Development Expenses
7.5.5 Recent strategies and developments:
7.5.5.1 Product Launches and Product Expansions:
7.6 Brown-Forman Corporation
7.6.1 Company Overview
7.6.2 Financial Analysis
7.6.3 Segmental and Regional Analysis
7.6.4 Recent strategies and developments:
7.6.4.1 Acquisition and Mergers:
7.7 Hitejinro Co., Ltd.
7.7.1 Company Overview
7.7.2 Financial Analysis
7.8 Pernod Ricard S.A.
7.8.1 Company Overview
7.8.2 Financial Analysis
7.8.3 Recent strategies and developments:
7.8.3.1 Partnerships, Collaborations, and Agreements:
7.8.3.2 Acquisition and Mergers:
7.9 Bacardi Limited
7.9.1 Company Overview
7.9.2 Recent strategies and developments:
7.9.2.1 Acquisition and Mergers:
7.10. Bayadera Group
7.10.1 Company Overview

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