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.
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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.
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Market Segmentation
North American Wine Market by Type
- Still Wine
- Sparkling Wine
- Dessert Wine
- Fortified Wine
North American Wine Market by Distribution Channel
- Online
- Offline
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.
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