Distilleries in Canada
The Distilleries industry in Canada has thrived over the past five years, buoyed by favourable consumer trends and strong export increases that have driven revenue growth. Government intervention through control of liquor retail sales and high excise taxes have prevented further industry growth and have been the most significant impediment to the industry's expansion. The industry experiences vigorous competition from foreign producers that have high Canadian market penetration. This is the result of reputable brands being preferred over unknown spirit brands by Canadian consumers. However, consumer trends have shifted demand toward domestic craft spirits, fuelled by changing tastes parallel to those experienced with craft beer. The industry is expected to continue growing but at a slower pace as the craft spirit industry saturates and consumer preferences begin to mature.
This industry consists of distilleries that purchase ingredients, such as grain, corn, rice, potatoes and sugar, and manufacture them into alcoholic spirits. These beverages are then bottled and sold to liquor distributors, licensed retailers and drinking establishments.
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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