Distilleries in the US - Industry Market Research Report

Distilleries in the US - Industry Market Research Report

  • October 2021 •
  • 48 pages •
  • Report ID: 500646 •
  • Format: PDF
Popping bottles: Increasing spirit consumption will drive growth as dine-in establishments reopen

Abstract

Distilleries in the US
The Distilleries industry has experienced robust growth over the five years to 2018 due to favorable economic conditions, including an increase in consumer spending on alcohol. A trend toward premiumization, or an increase in the consumption of high-grade liquors and spirits, enabled producers to sell higher-priced items, boosting profit margins and revenue. Craft and artisanal spirits have also been a driving force of revenue and enterprise growth in recent years. Over the five years to 2023, the industry is forecast to continue its upward trajectory, albeit at a slightly slower pace than during the previous five-year period. Growth is projected to be supported by continued premiumization, a strong cocktail culture and trendy craft spirits.

This industry consists of operators engaged in distilling spirits (i.e. not beer or wine). Operators’ three main activities are engaged in distilling potable liquors (except brandies), blending liquors and mixing liquors with other ingredients. These spirits are then bottled and sold primarily to liquor wholesalers, as well as to other retail stores.

This report covers the scope, size, disposition and growth of the industry including the key sensitivities and success factors. Also included are five year industry forecasts, growth rates and an analysis of the industry key players and their market shares.
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