Key Takeaways
- In 2023, the global spirits market was valued at approximately $593.5 billion, reflecting a compound annual growth rate (CAGR) of 4.2% from 2018 to 2023.
- The U.S. spirits industry generated $29.4 billion in revenue from supplier revenues in 2022, marking a 6% increase from the previous year.
- Premium spirits accounted for 78% of total spirits volume growth in the U.S. in 2022.
- In 2022, the U.S. produced 546 million 9-liter cases of distilled spirits.
- Scotland produced 1.7 billion liters of Scotch whisky in 2022.
- Mexico's agave harvest for tequila yielded 2.1 million tons in 2023.
- U.S. per capita spirits consumption was 2.83 gallons in 2022.
- Global average spirits consumption per capita: 2.5 liters pure alcohol in 2022.
- U.S. adults consumed 6.5 billion bottles of spirits in 2023.
- Global spirits exports totaled $50 billion in 2022.
- U.S. spirits imports reached $9.2 billion in 2023.
- Scotch whisky exports to U.S.: £1.3 billion in 2022.
- Premiumization trend: 65% of U.S. spirits growth from premium in 2023.
- Global spirits market projected to reach $850 billion by 2030 at 5% CAGR.
- Rise of non-alcoholic spirits: 31% growth projected through 2028.
The global spirits industry continues growing steadily through premium products and new market trends.
Consumption Patterns
- U.S. per capita spirits consumption was 2.83 gallons in 2022.
- Global average spirits consumption per capita: 2.5 liters pure alcohol in 2022.
- U.S. adults consumed 6.5 billion bottles of spirits in 2023.
- 35% of U.S. legal drinking age adults consumed spirits in 2022.
- China spirits consumption volume: 15 billion liters in 2022.
- Europe spirits consumption declined 2% to 2.1 billion liters in 2022.
- Millennials represent 42% of U.S. spirits consumers in 2023.
- Tequila consumption in U.S. grew 12% in volume in 2023.
- Global RTD cocktails consumption up 15% to 900 million units in 2023.
- Russia vodka per capita consumption: 11 liters pure alcohol in 2022.
- U.K. gin consumption reached 70 million bottles in 2023.
- Women account for 45% of U.S. spirits drinkers in 2023.
- India total spirits consumption: 500 million cases in 2022.
- Premium spirits consumption share in Brazil: 25% in 2023.
- U.S. Gen Z spirits trial rate: 28% in 2023.
- France aperitif spirits consumption: 150 million liters in 2022.
- Australia per capita spirits intake: 2.1 liters in 2023.
- Mexican spirits consumption dominated by tequila at 80% share.
- Japan whisky consumption volume: 500 million liters in 2023.
- South Korea soju consumption: 3.5 billion bottles in 2022.
- U.S. at-home spirits consumption: 75% of total in 2023.
- Global low/no alcohol spirits consumption grew 28% in 2023.
- Italy grappa consumption: 40 million liters annually.
- U.S. holiday spirits sales spike 20% in December 2023.
- Nigeria spirits consumption per capita: 5.2 liters in 2022.
- U.S. whiskey consumption: 650 million 9L cases in 2023.
Consumption Patterns Interpretation
Export and Import Data
- Global spirits exports totaled $50 billion in 2022.
- U.S. spirits imports reached $9.2 billion in 2023.
- Scotch whisky exports to U.S.: £1.3 billion in 2022.
- Mexico tequila exports to U.S.: 80% of total production in 2023.
- France cognac exports: 190 million bottles to U.S. in 2022.
- Canada whisky exports: CAD 500 million in 2023.
- Ireland Irish whiskey exports: €1.5 billion in 2023.
- India IMFL exports grew 15% to 50 million cases in 2022.
- U.K. gin exports: 72 million bottles worth £700 million in 2023.
- China baijiu exports: $1.2 billion in 2022.
- U.S. spirits exports: $2.1 billion, led by bourbon at 60% share in 2023.
- Brazil cachaça exports to Europe: 2 million liters in 2023.
- Japan whisky exports: ¥100 billion to U.S. in 2022.
- Peru pisco imports to U.S.: 1.5 million bottles in 2023.
- Global rum exports: $3.5 billion in 2022.
- Australia spirits exports grew 10% to AUD 300 million in 2023.
- South Africa brandy exports to Africa: 50% of total in 2023.
- Poland vodka exports: 150 million liters to EU in 2022.
- U.S. imports of premium tequila: $3.8 billion in 2023.
- Scotch whisky top export market U.S. 35% share in 2023.
- Vodka imports to U.S.: 200 million cases in 2022.
- Cognac U.S. import value: €1.1 billion in 2023.
- Global gin exports up 8% to 500 million liters in 2023.
- Mexico agave spirits exports to EU: 10% growth in 2023.
- U.S. bourbon exports to Asia: 20% increase in 2023.
Export and Import Data Interpretation
Industry Trends and Forecasts
- Premiumization trend: 65% of U.S. spirits growth from premium in 2023.
- Global spirits market projected to reach $850 billion by 2030 at 5% CAGR.
- Rise of non-alcoholic spirits: 31% growth projected through 2028.
- Sustainability: 72% of consumers prefer eco-friendly spirits packaging by 2025.
- E-commerce spirits sales to hit 20% of total U.S. market by 2027.
- Flavored spirits category expected to grow 7% annually to 2028.
- Agave spirits (tequila/mezcal) CAGR 10% through 2030.
- Craft distilleries to represent 15% of U.S. market by 2025.
- Low-calorie spirits demand up 25% among millennials in 2024 forecast.
- Asia-Pacific spirits market CAGR 6.5% to 2030, led by whiskey.
- Direct-to-consumer sales projected to double to $5 billion in U.S. by 2026.
- Organic spirits segment to grow at 12% CAGR globally.
- Cocktail culture drives RTD growth 20% annually to 2028.
- Whiskey to overtake vodka as top U.S. spirit by 2025.
- Health-conscious trends boost botanical gins 15% yearly.
- Latin America premium spirits CAGR 8% through 2027.
- AI in distillation: 30% of new distilleries adopting by 2030.
- Female-founded distilleries up 40% in U.S. since 2020.
- Global agave shortage to impact tequila prices +20% by 2025.
- Subscription boxes for spirits to reach 10 million users by 2027.
- Cannabis-infused spirits emerging with 50% trial interest in 2024.
- Barrel-aged cocktails RTD forecast: $10 billion by 2030.
- Digital marketing ROI for spirits: 4x higher for TikTok in 2023.
- Single malt scotch demand up 15% annually in Asia.
- U.S. on-premise spirits recovery to 95% pre-COVID by 2025.
Industry Trends and Forecasts Interpretation
Market Size and Revenue
- In 2023, the global spirits market was valued at approximately $593.5 billion, reflecting a compound annual growth rate (CAGR) of 4.2% from 2018 to 2023.
- The U.S. spirits industry generated $29.4 billion in revenue from supplier revenues in 2022, marking a 6% increase from the previous year.
- Premium spirits accounted for 78% of total spirits volume growth in the U.S. in 2022.
- The European spirits market reached €25.6 billion in value sales in 2022, up 3% year-over-year.
- India's spirits market is projected to grow at a CAGR of 7.8% from 2023 to 2028, driven by rising disposable incomes.
- Scotch whisky exports contributed £5.7 billion to the UK economy in 2022.
- The tequila category in the U.S. saw a market value of $6.2 billion in 2023.
- Global ready-to-drink (RTD) spirits market was valued at $2.8 billion in 2022.
- China's baijiu market dominated with 70% of Asia-Pacific spirits revenue in 2023.
- The craft spirits segment in the U.S. grew by 18% in revenue to $4.5 billion in 2022.
- Brazil's cachaça market was valued at BRL 12 billion in 2023.
- The global gin market reached $14.2 billion in 2023, with a CAGR of 5.1% projected to 2030.
- U.S. vodka market share was 34% of total spirits in 2022.
- The rum market in the Caribbean generated $1.8 billion in exports in 2022.
- Australia's spirits market grew 9% to AUD 4.2 billion in 2023.
- The premium rum segment globally hit $8.5 billion in 2023.
- Mexico's tequila exports reached $4.5 billion in 2023.
- The Japanese whisky market value surged 25% to ¥250 billion in 2022.
- Global cognac sales were €4.8 billion in 2022.
- The U.S. ready-to-drink spirits category grew 32% in volume in 2023.
- South Africa's spirits market was ZAR 35 billion in 2023.
- The liqueurs market globally valued at $22.4 billion in 2023.
- France's spirits industry revenue was €12.3 billion in 2022.
- The super-premium spirits segment grew 12% globally in 2023.
- Canada's spirits market hit CAD 7.8 billion in 2023.
- The brandy market in India reached INR 150 billion in 2023.
- U.S. total spirits supplier revenue reached $30.7 billion in 2023.
- Global absinthe market valued at $0.45 billion in 2022.
- The mezcal category grew to $1.2 billion globally in 2023.
- U.K. gin market revenue was £3.2 billion in 2023.
Market Size and Revenue Interpretation
Production Statistics
- In 2022, the U.S. produced 546 million 9-liter cases of distilled spirits.
- Scotland produced 1.7 billion liters of Scotch whisky in 2022.
- Mexico's agave harvest for tequila yielded 2.1 million tons in 2023.
- The U.S. had 2,052 distilled spirits plants in operation in 2023.
- India produced 450 million liters of Indian Made Foreign Liquor (IMFL) in 2022.
- France produced 470 million bottles of cognac in 2022.
- Brazil distilled 1.2 billion liters of cachaça in 2023.
- The U.S. craft distilleries numbered 2,687 in 2023.
- Kentucky bourbon production reached 13.4 million barrels in 2022.
- Global vodka production was 5.2 billion liters in 2022.
- Ireland produced 42 million cases of Irish whiskey in 2023.
- China produced 12.5 billion liters of baijiu in 2022.
- The U.S. rum production volume was 25 million proof gallons in 2022.
- Australia produced 50 million liters of spirits in 2023.
- Japan's whisky distilleries produced 200 million liters annually in 2023.
- South Africa distilled 250 million liters of spirits in 2022.
- The global gin production hit 800 million liters in 2023.
- U.S. tequila imports drove production to 650 million liters in Mexico in 2023.
- Canada produced 25 million hectoliters of spirits in 2022.
- The Caribbean rum distilleries output 150 million liters in 2023.
- U.K. gin production reached 78 million bottles in 2022.
- Peru produced 120 million liters of pisco in 2023.
- Global brandy production was 2.8 billion liters in 2022.
- U.S. states with most distilleries: Texas with 200 in 2023.
- Armagnac production in France was 3.5 million bottles in 2022.
- New Zealand spirits production grew to 15 million liters in 2023.
- U.S. total distilled spirits production tax gallons: 540 million in 2022.
- Global RTD spirits production reached 1.1 billion liters in 2023.
- Poland vodka production: 500 million liters in 2022.
Production Statistics Interpretation
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