Distilleries in the US - Industry Market Research Report
Description
Distilleries in the US
Premiumization has defined the Distilleries industry's growth over the past five years, with consumers opting for higher-quality, higher-priced spirits even amid economic downturns. A shift in consumer preferences toward craft and artisanal spirits has fueled growth in new distilleries and encouraged merger and acquisition activity among major producers that seek to expand product portfolios. Mounting competition from imports and disruptions caused by the COVID-19 pandemic have mitigated revenue growth during the period. Over the five years to 2023, industry revenue has increased at a CAGR of 3.4% to $18.8 billion, including a 0.1% decline in 2023.
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."
Premiumization has defined the Distilleries industry's growth over the past five years, with consumers opting for higher-quality, higher-priced spirits even amid economic downturns. A shift in consumer preferences toward craft and artisanal spirits has fueled growth in new distilleries and encouraged merger and acquisition activity among major producers that seek to expand product portfolios. Mounting competition from imports and disruptions caused by the COVID-19 pandemic have mitigated revenue growth during the period. Over the five years to 2023, industry revenue has increased at a CAGR of 3.4% to $18.8 billion, including a 0.1% decline in 2023.
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."
Table of Contents
52 Pages
ABOUT THIS INDUSTRY
Industry Definition
Main Activities
Similar Industries
Additional Resources
INDUSTRY AT A GLANCE
INDUSTRY PERFORMANCE
Executive Summary
Key External Drivers
Current Performance
Industry Outlook
Industry Life Cycle
PRODUCTS & MARKETS
Supply Chain
Products & Services
Demand Determinants
Major Markets
International Trade
Business Locations
COMPETITIVE LANDSCAPE
Market Share Concentration
Key Success Factors
Cost Structure Benchmarks
Basis of Competition
Barriers to Entry
Industry Globalization
MAJOR COMPANIES
OPERATING CONDITIONS
Capital Intensity
Technology & Systems
Revenue Volatility
Regulation & Policy
Industry Assistance
KEY STATISTICS
Industry Data
Annual Change
Key Ratios
JARGON & GLOSSARY
Pricing
Currency Rates
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