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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 provides the latest industry statistics and industry trends, allowing you to identify the products and customers driving revenue growth and profitability. The industry report identifies the leading companies and offers strategic industry analysis of the key factors influencing the market.

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 Analysis Chapter

Premiumization, the trend where consumers trade up to higher-quality and higher-priced spirits, has been the main driver behind revenue growth in the Distilleries industry during the past five years. The emergence of a cocktail culture in the mid-2000s also pushed industry performance forward as people became selective about the taste of their drinks. These combined trends have pushed distillery revenue to increase at an estimated average annual rate of 3.7% since 2009, totaling record $10.1 billion in 2014. Industry growth of 6.6% is expected in 2014 as improved consumer sentiment results in higher sales. To help meet demand, employment is expected to grow at an annualized rate of 5.4% to 7,118 workers in 2014... 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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