PUBLISHER: KBV Research | PRODUCT CODE: 1292849
PUBLISHER: KBV Research | PRODUCT CODE: 1292849
North America Vodka Market Size, Share & Industry Trends Analysis Report By Type (Non-Flavored and Flavored), By Distribution Channel (On-Trade and Off-Trade), By Country and Growth Forecast, 2023 - 2029
The North America Vodka Market would witness market growth of 4.7% CAGR during the forecast period (2023-2029).
Premium brands are developing flavored vodkas that are flavorful and crisp on the palate. These vodkas have quickly gained popularity. Numerous varieties, including coffee, chocolate, apple, orange, and peach, are available from companies like Smirnoff, Standards, etc. Delicious flavors have caused a dramatic increase in demand for brands. Additionally, the demand for ultra-premium vodka has increased since people have more money to spend and a high standard of living.
An impending possibility for the market is the purchase of citrus drinks at a fair price. At the moment, the main manufacturers are concentrating on the release of fruit-based vodka variants with low alcohol concentrations. As a result, the market is anticipated to experience significant market expansion in the coming years. The industry is expanding as a result of increasing investments made by big firms to obtain ingredients of superior quality, such as ruby red grapefruits and blueberries. In addition, the growth of the market is being driven by the increase in the regional purchase of organic infusions.
In the United States, flavored vodkas, such as Bartlett Pear, Blood Orange, Texas Grapefruit, and Sun-Ripened Watermelon, are becoming increasingly popular among consumers. In the United States, each person consumes roughly two and three-quarter liters of pure alcohol annually or about two drinks. The demand growth is also aided by the rising popularity of vodka flavors with a combination of sweet citrus flavors and acidic cherry and limeade in Canada. Therefore, the region presents lucrative growth opportunities for the market throughout the forecast period.
The US market dominated the North America Vodka Market by Country in 2022, and would continue to be a dominant market till 2029; thereby, achieving a market value of $9,094.6 million by 2029. The Canada market is anticipated to grow at a CAGR of 6.8% during (2023 - 2029). Additionally, The Mexico market would display a CAGR of 6.5% during (2023 - 2029).
Based on Type, the market is segmented into Non-Flavored and Flavored. Based on Distribution Channel, the market is segmented into On-Trade and Off-Trade. 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 stake holders of the market. Key companies profiled in the report include Brown-Forman Corporation, Diageo plc, Pernod Ricard S.A., Bacardi Limited, Constellation Brands, Inc., Distell Group Limited, Proximo Spirits, Inc. (BECLE, S.A.B. DE C.V.), Belvedere Vodka (LVMH SE), Stoli Group (SPI Group) and Iceberg Vodka Corporation.
Scope of the Study
Market Segments covered in the Report:
By Type
- Non-Flavored
- Flavored
By Distribution Channel
- On-Trade
- Off-Trade
By Country
- US
- Canada
- Mexico
- Rest of North America
Companies Profiled
- Brown-Forman Corporation
- Diageo plc
- Pernod Ricard S.A.
- Bacardi Limited
- Constellation Brands, Inc.
- Distell Group Limited
- Proximo Spirits, Inc. (BECLE, S.A.B. DE C.V.)
- Belvedere Vodka (LVMH SE)
- Stoli Group (SPI Group)
- Iceberg Vodka Corporation
Unique Offerings from KBV Research
- Exhaustive coverage
- Highest number of market tables and figures
- Subscription based model available
- Guaranteed best price
- Assured post sales research support with 10% customization free
Table of Contents
Chapter 1. Market Scope & Methodology
- 1.1 Market Definition
- 1.2 Objectives
- 1.3 Market Scope
- 1.4 Segmentation
- 1.4.1 North America Vodka Market, by Type
- 1.4.2 North America Vodka Market, by Distribution Channel
- 1.4.3 North America Vodka 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
- 2.1.1 Overview
- 2.2 Key Factors Impacting the Market
- 2.2.1 Market Drivers
- 2.2.2 Market Restraints
Chapter 3. Competition Analysis - Global
- 3.1 KBV Cardinal Matrix
- 3.2 Recent Industry Wide Strategic Developments
- 3.2.1 Partnerships, Collaborations and Agreements
- 3.2.2 Product Launches and Product Expansions
- 3.2.3 Acquisition and Mergers
- 3.2.4 Geographical Expansions
- 3.3 Top Winning Strategies
- 3.3.1 Key Leading Strategies: Percentage Distribution (2019-2023)
- 3.3.2 Key Strategic Move: (Partnerships, Collaborations and Agreements: 2020, Jan - 2023, Mar) Leading Players
Chapter 4. North America Vodka Market by Type
- 4.1 North America Non-Flavored Market by Country
- 4.2 North America Flavored Market by Country
Chapter 5. North America Vodka Market by Distribution Channel
- 5.1 North America On-Trade Market by Country
- 5.2 North America Off-Trade Market by Country
Chapter 6. North America Vodka Market by Country
- 6.1 US Vodka Market
- 6.1.1 US Vodka Market by Type
- 6.1.2 US Vodka Market by Distribution Channel
- 6.2 Canada Vodka Market
- 6.2.1 Canada Vodka Market by Type
- 6.2.2 Canada Vodka Market by Distribution Channel
- 6.3 Mexico Vodka Market
- 6.3.1 Mexico Vodka Market by Type
- 6.3.2 Mexico Vodka Market by Distribution Channel
- 6.4 Rest of North America Vodka Market
- 6.4.1 Rest of North America Vodka Market by Type
- 6.4.2 Rest of North America Vodka 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 Partnerships, Collaborations, and Agreements:
- 7.1.5.2 Acquisition and Mergers:
- 7.1.5.3 Geographical Expansions:
- 7.2 Pernod Ricard S.A.
- 7.2.1 Company Overview
- 7.2.2 Financial Analysis
- 7.2.3 Recent strategies and developments:
- 7.2.3.1 Partnerships, Collaborations, and Agreements:
- 7.2.3.2 Acquisition and Mergers:
- 7.3 Brown-Forman Corporation
- 7.3.1 Company Overview
- 7.3.2 Financial Analysis
- 7.3.3 Segmental and Regional Analysis
- 7.3.4 Recent strategies and developments:
- 7.3.4.1 Acquisition and Mergers:
- 7.3.4.2 Geographical Expansions:
- 7.4 Constellation Brands, Inc.
- 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 Product Launches and Product Expansions:
- 7.5 Proximo Spirits, Inc. (BECLE, S.A.B. DE C.V.)
- 7.5.1 Company Overview
- 7.5.2 Financial Analysis
- 7.5.3 Regional Analysis
- 7.5.4 Recent strategies and developments:
- 7.5.4.1 Partnerships, Collaborations, and Agreements:
- 7.6 Belvedere Vodka (LVMH SE)
- 7.6.1 Company Overview
- 7.6.2 Financial Analysis
- 7.6.3 Segmental and Regional Analysis
- 7.7 Distell Group Limited
- 7.7.1 Company Overview
- 7.7.2 Financial Analysis
- 7.7.3 Segmental and Regional Analysis
- 7.8 Bacardi Limited
- 7.8.1 Company Overview
- 7.8.2 Recent strategies and developments:
- 7.8.2.1 Acquisition and Mergers:
- 7.9 Stoli Group (SPI Group)
- 7.9.1 Company Overview
- 7.9.2 Recent strategies and developments:
- 7.9.2.1 Partnerships, Collaborations, and Agreements:
- 7.9.2.2 Product Launches and Product Expansions:
- 7.10. Iceberg Vodka Corporation
- 7.10.1 Company Overview
LIST OF TABLES
- TABLE 1 North America Vodka Market, 2019 - 2022, USD Million
- TABLE 2 North America Vodka Market, 2023 - 2029, USD Million
- TABLE 3 Partnerships, Collaborations and Agreements- Vodka Market
- TABLE 4 Product Launches And Product Expansions- Vodka Market
- TABLE 5 Acquisition and Mergers- Vodka Market
- TABLE 6 geographical expansions - Vodka Market
- TABLE 7 North America Vodka Market by Type, 2019 - 2022, USD Million
- TABLE 8 North America Vodka Market by Type, 2023 - 2029, USD Million
- TABLE 9 North America Non-Flavored Market by Country, 2019 - 2022, USD Million
- TABLE 10 North America Non-Flavored Market by Country, 2023 - 2029, USD Million
- TABLE 11 North America Flavored Market by Country, 2019 - 2022, USD Million
- TABLE 12 North America Flavored Market by Country, 2023 - 2029, USD Million
- TABLE 13 North America Vodka Market by Distribution Channel, 2019 - 2022, USD Million
- TABLE 14 North America Vodka Market by Distribution Channel, 2023 - 2029, USD Million
- TABLE 15 North America On-Trade Market by Country, 2019 - 2022, USD Million
- TABLE 16 North America On-Trade Market by Country, 2023 - 2029, USD Million
- TABLE 17 North America Off-Trade Market by Country, 2019 - 2022, USD Million
- TABLE 18 North America Off-Trade Market by Country, 2023 - 2029, USD Million
- TABLE 19 North America Vodka Market by Country, 2019 - 2022, USD Million
- TABLE 20 North America Vodka Market by Country, 2023 - 2029, USD Million
- TABLE 21 US Vodka Market, 2019 - 2022, USD Million
- TABLE 22 US Vodka Market, 2023 - 2029, USD Million
- TABLE 23 US Vodka Market by Type, 2019 - 2022, USD Million
- TABLE 24 US Vodka Market by Type, 2023 - 2029, USD Million
- TABLE 25 US Vodka Market by Distribution Channel, 2019 - 2022, USD Million
- TABLE 26 US Vodka Market by Distribution Channel, 2023 - 2029, USD Million
- TABLE 27 Canada Vodka Market, 2019 - 2022, USD Million
- TABLE 28 Canada Vodka Market, 2023 - 2029, USD Million
- TABLE 29 Canada Vodka Market by Type, 2019 - 2022, USD Million
- TABLE 30 Canada Vodka Market by Type, 2023 - 2029, USD Million
- TABLE 31 Canada Vodka Market by Distribution Channel, 2019 - 2022, USD Million
- TABLE 32 Canada Vodka Market by Distribution Channel, 2023 - 2029, USD Million
- TABLE 33 Mexico Vodka Market, 2019 - 2022, USD Million
- TABLE 34 Mexico Vodka Market, 2023 - 2029, USD Million
- TABLE 35 Mexico Vodka Market by Type, 2019 - 2022, USD Million
- TABLE 36 Mexico Vodka Market by Type, 2023 - 2029, USD Million
- TABLE 37 Mexico Vodka Market by Distribution Channel, 2019 - 2022, USD Million
- TABLE 38 Mexico Vodka Market by Distribution Channel, 2023 - 2029, USD Million
- TABLE 39 Rest of North America Vodka Market, 2019 - 2022, USD Million
- TABLE 40 Rest of North America Vodka Market, 2023 - 2029, USD Million
- TABLE 41 Rest of North America Vodka Market by Type, 2019 - 2022, USD Million
- TABLE 42 Rest of North America Vodka Market by Type, 2023 - 2029, USD Million
- TABLE 43 Rest of North America Vodka Market by Distribution Channel, 2019 - 2022, USD Million
- TABLE 44 Rest of North America Vodka Market by Distribution Channel, 2023 - 2029, USD Million
- TABLE 45 Key Information - Diageo plc
- TABLE 46 Key Information - Pernod Ricard S.A.
- TABLE 47 Key Information - Brown-Forman Corporation
- TABLE 48 Key Information - Constellation Brands, Inc.
- TABLE 49 Key Information - Proximo Spirits, Inc.
- TABLE 50 Key Information - Belvedere Vodka
- TABLE 51 Key Information - Distell Group Limited
- TABLE 52 Key Information - Bacardi Limited
- TABLE 53 Key Information - Stoli Group
- TABLE 54 Key Information - Iceberg Vodka Corporation
List of Figures
- FIG 1 Methodology for the research
- FIG 2 KBV Cardinal Matrix
- FIG 3 Key Leading Strategies: Percentage Distribution (2019-2023)
- FIG 4 Key Strategic Move: (Partnerships, Collaborations and Agreements: 2020, Jan - 2023, Mar) Leading Players
- FIG 5 North America Vodka Market share by Type, 2022
- FIG 6 North America Vodka Market share by Type, 2029
- FIG 7 North America Vodka Market by Type, 2019 - 2029, USD Million
- FIG 8 North America Vodka Market share by Distribution Channel, 2022
- FIG 9 North America Vodka Market share by Distribution Channel, 2029
- FIG 10 North America Vodka Market by Distribution Channel, 2019 - 2029, USD Million
- FIG 11 North America Vodka Market share by Country, 2022
- FIG 12 North America Vodka Market share by Country, 2029
- FIG 13 North America Vodka Market by Country, 2019 - 2029, USD Million
- FIG 14 Recent strategies and developments: Diageo plc
- FIG 15 Recent strategies and developments: Pernod Ricard S.A.
- FIG 16 Recent strategies and developments: Brown-Forman Corporation
