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Distilleries in the US: Market Research Report

Market Research • Market Size • Industry Statistics • Industry Analysis • Industry Trends

Distilleries Market Research Report | NAICS 31214 | Dec 2014

In good spirits: Increased consumer sentiment and disposable income will drive growth

IBISWorld’s Distilleries market research report is a comprehensive guide to market size and growth prospects. Our industry reports offer strategic industry analysis of the factors influencing companies, including new product developments, economic, lifestyle and demographic influences, distribution and supply chain factors and pricing issues. Full analysis accompanies our data forecasts to illustrate how the market responds to emerging industry trends.

Report Snapshot
Market Share of Companies
Industry Statistics & Market Size
Revenue
$10bn
Annual Growth 09-14
3.7%
Annual Growth 14-19
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Profit
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Employment
7,118
Businesses
740
Industry Analysis & Industry Trends

Although the Distilleries industry managed muted growth over the past five years, it was not immune to the economic downturn. What kept the industry from declining during and immediately after the recession was a trend toward premiumization, which is an increase in the consumption of high-grade liquors and spirits. An increase in the popularity of cocktails, over beer and wine, through the recovery also drove demand for low-quality industry products used for mixing drinks in bars and restaurants. IBISWorld estimates that industry revenue will increase in the five years to 2014. During the next five years, the industry will benefit from stronger consumer sentiment and discretionary spending, which will help increase demand for higher-priced craft and imported spirits... purchase to read more

Industry Report - Industry SWOT Analysis Chapter

The Distilleries industry is in the growth phase of its life cycle and is driven by increased interest in cocktails, a tendency for consumers to trade up to more expensive liquors and a growing base of consumers drinking spirits. Industry expansion is also driven by consumers' increased interest in craft distilleries, which have grown rapidly over the past five years. Furthermore, demand for premium products has driven growth in value added over the 10 years to 2019. While weaker economic conditions since 2009 slowed growth in the super-premium segment, premium beverages have become the new baseline for spirits; most new drinkers are purchasing products at this level. New offerings have contributed to the growth in per capita consumption and further fueled industry performance... purchase to read more

 


Industry ProductsRelated ReportsTable of Contents

What is the Distilleries Industry?

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.

Industry Products
VodkaGinWhiskeyOther spiritRumBrandy and CognacCordialsTequila
 
Industry Activities
Distilling liquorsBlending liquorsBottling liquors


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