London, Oct. 11, 2019 — According to a new market research report titled, “American Whiskey Market by Type (Bourbon, Tennessee, Rye Whiskey), Geography (U.S., Canada, Mexico, U.K., Germany, France, Spain, Russia, Poland, Italy, Austria, Switzerland, Australia, Japan, China, India, Brazil, Argentina, Chile) – Forecast to 2025”, published by Meticulous Research®, the American whiskey market is expected to grow at a CAGR of 9.9% from 2019 to reach $16.8 billion by 2025.
Based on type, bourbon whiskey is estimated to command the largest share of the overall American whiskey market in 2019. The largest share of bourbon whiskey is primarily due to huge demand from international adult consumers and more exploration of the U.S. spirits, majorly driven by their fascination with American whiskey’s heritage, as well as its mixability and versatility with cocktails. However, Rye Whiskey is expected to grow at the fastest compound annual growth rate during the forecast period.
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