The Distilleries industry managed to escape declines during and immediately after the economic downturn due to a consumer trend toward premiumization, or an increase in the consumption of high-grade liquor and spirits. Additionally, the increased popularity of cocktails over the five-year period resulted in more liquor consumption at on-premises drinking establishments. Although the industry remains highly concentrated, with brand loyalty and acquisitions maintaining the dominance of a few top players, the industry has also experienced an influx of small-scale craft distilleries. Overall, the Distilleries industry is expected to sustain its growth over the next five years, buouyed by continued improvements in consumer spending and greater demand for higher-margin craft spirits.
This industry consists of distilleries that purchase a range of ingredients, such as grains and sugar, and manufacture them into spirits (i.e. not beer or wine). These spirits are then bottled and sold to liquor wholesalers, bars, casinos, restaurants, hotels and other retail stores.
The report covers the scope, size, disposition and growth of the industry including the key sensitivities and success factors. Also included are five year industry forecast, growth rates and an analysis of the industry key players and their market shares.