Lewes, DE -- (SBWIRE) -- 05/16/2016 -- Report forecast the alcoholic beverages market in the US to grow at a CAGR of 3.51% by revenue, during the period 2016-2020.

Alcoholic beverages are broadly categorized into three types: beer, spirits (distilled beverages), and wine. Beer is the most widely consumed alcoholic beverage in the world. It is brewed from malted cereals, predominantly barley and wheat, which are mashed and the resultant liquid fermented with yeast. Hops are then added as a preservative and to impart flavor.

The report covers the present scenario and the growth prospects of the alcoholic beverages market in the US 2016-2020. To calculate the market size, the report considers the revenue from the retail sales of alcoholic beverages in the country. It also includes the market size based on volume, which has been calculated based on the retail consumption of alcoholic beverages.

According to the report, a key market driver is the rising number of wineries, breweries, and distilleries around the US. Younger consumers increasingly seek variety and exclusivity in alcoholic beverages. This is apparent in their demand for locally brewed beverages like craft beer and flavored alcoholic beverages. In an attempt to cater to this rising demand, existing vendors and new entrants alike have invested in new wineries, breweries, and distilleries. California is the largest state in terms of the number of wineries, with over 4,000 wineries.

Further, the report states that a challenge to the market could be the high taxes levied on spirits and alcohol.

Alcoholic Beverage Market in the US 2016-2020, has been prepared based on an in-depth market analysis with inputs from industry experts. The report covers the market landscape and its growth prospects over the coming years. The report also includes a discussion of the key vendors operating in this market.

Key players in the Alcoholic Beverage Market in the US by category: Beer - Anheuser-Busch InBev, D.G. Yuengling & Son, MillerCoors, Pabst Brewing, The Boston Beer Company; Spirits - Bacardi, Beam Suntory, Brown-Forman, Diageo, Pernod Ricard; Wine – Bronco Wine Company, Constellation Brands, E.&J. Gallo Wine Company, Treasury Wine Estates, and the Wine Group.

Other Prominent Vendors in the market are: Altitude Spirits, Blue Ice Vodka, Fifth Generation, Gruppo Campari, Harpoon Brewery, Heaven Hill Brands, Lagunitas Brewing, Matt Brewing, McCormick Distilling, Minhas Craft Brewery, North West Distillery, Oskar Blues Brewing, RS Lipman, and Two James Spirits.

Market driver
- Increasing number of wineries, breweries, and distilleries
- For a full, detailed list, view our report

Market challenge
- High taxation
- For a full, detailed list, view our report

Market trend
- Increasing demand for craft beer
- For a full, detailed list, view our report

Key questions answered in this report
- What will the market size be in 2020 and what will the growth rate be?
- What are the key market trends?
- What is driving this market?
- What are the challenges to market growth?
- Who are the key vendors in this market space?
- What are the market opportunities and threats faced by the key vendors?
- What are the strengths and weaknesses of the key vendors?

Spanning over 85 pages and 53 Exhibit "Alcoholic Beverage Market in US 2016 - 2020" report covers Executive summary, Scope of the report, Market research methodology, Introduction, Market landscape, Market segmentation by product, Market segmentation by distribution channel, Market drivers, Impact of drivers, Market challenges, Impact of drivers and challenges, Market trends, Vendor landscape, Beer: Key vendors, Spirits: Key vendors, Wine: Key vendors.

For more information Visit at: http://www.marketresearchreports.com/technavio/alcoholic-beverage-market-us-2016-2020

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