The US spirits market, which has witnessed negative compound annual growth rate (CAGR) between 2006-2011, will improve and result in positive rate during the period 2011-16, according to a report by Canadean Wine & Spirits. According to the report, "The Future of the Spirits Market in the US to 2016" the CAGR of the American spirits market which was 1.77% during 206-2011, will increase by 1.12% to 2016. The year-on-year growth rate, which as -9.2% in 2007, has been fluctuating through the years till 2011, when it was 0.9% - in 2012 the market recorded 0.6% growth. In 2013-14, the year-on-year rate is expected to be 1% and 1.2% respectively, while in the subsequent two years it will be 1.4% each. The year-on-year rate of per capita spirits consumption, which was -10.1% in 2007 and has mostly been negative through the years, will improve to 0.4% in 2016. Among the various categories in the market, Tequila & Mezcal is the only one htat had a positive CAGR of 1.28% between 2006-11.
