Industry Analysis & Industry Trends
After remaining resilient over the recessionary period, industry operators will continue to experience growth due to a trend toward premiumization and the increased popularity of cocktails. Over the next five years, consumers will continue trading up to higher-quality spirits and liquor. Additionally, the industry will benefit from rising consumer sentiment and expanding budgets... purchase to read more
Industry Report - Starting a New Business Chapter
The difficulty of entering this industry varies depending on the target market for new entrants. Production is extremely capital intensive for all distilleries, and substantial volume is needed to spread out these costs. Additionally, the long interval between the start of production and the final product being available means that cash flows are not established for some time. While some products can be distilled over shorter periods of time, some whiskeys can take over two years to age. Delayed revenue can deter players with smaller cash reserves from entering the market.
Due to the relationship between aging and quality, these players may still compete in the value segments of the market... purchase to read more