As disposable income levels began to recover at the beginning of the five years to 2015, consumers began spending on discretionary items again, helping drive demand for value, premium and super-premium spirit brands. Moreover, revenue grew at a double-digit rate, partly due to a strengthening economy and pent-up demand from the recession. Additionally, rising spirits consumption in emerging markets and increasing demand for higher-value spirits in developed markets is expected to result in solid revenue growth during the next five years.
This industry consists of distilleries that purchase a range of ingredients such as grains and sugar, and manufacture them into spirits (not beer or wine). These spirits are bottled and sold to liquor wholesalers, bars, casinos, restaurants, hotels and other licensed retailers.
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.