The Distilleries industry includes producers that distill potable liquors, blend liquors and mix liquors with other ingredients. The industry has experienced robust growth over the past five years 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, allowed 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. In the past five years, the popularity of cocktails has resulted in increased liquor and spirits consumption in social drinking locations, such as bars and nightclubs. Aided by advertising and promotion by major industry players, the cocktail has become a symbol of class and sophistication. Over the five years to 2022, the industry will benefit from stronger consumer sentiment and discretionary spending, which will help increase demand for higher-priced craft and premium spirits.
This industry consists of establishments engaged in distilling spirits (i.e. not beer or wine). The three main activities they are engaged in is 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.