Key Takeaways
- U.S. bourbon production reached 12.1 million barrels in 2022
- Kentucky produced 95% of the world's bourbon supply in 2023
- There are over 100 bourbon distilleries operating in Kentucky as of 2024
- Bourbon sales reached $5.1 billion in 2023
- Bourbon category grew 8% in retail sales volume 2023
- Premium bourbon sales over 50% of total category in 2023
- U.S. per capita bourbon consumption 0.8 liters in 2023
- 40% of Americans drink bourbon occasionally
- Bourbon Old Fashioned is top cocktail 35% preference
- Bourbon industry supports 22,000 direct jobs in 2023
- Total economic impact $9 billion annually in Kentucky
- Bourbon tourism generated $2.5 billion in visitor spending 2023
- Bourbon exports hit $600 million in 2023
- European Union imports 40% of U.S. bourbon exports
- Australia bourbon imports grew 25% in 2023
The American bourbon industry is booming with record production, exports, and tourism.
Consumption
- U.S. per capita bourbon consumption 0.8 liters in 2023
- 40% of Americans drink bourbon occasionally
- Bourbon Old Fashioned is top cocktail 35% preference
- Gen Z bourbon trial rate 20% higher than prior gens
- Average annual consumption per drinker 2.5 bottles
- Bourbon neat consumption 55% vs mixed 45%
- Southern states consume 60% of U.S. bourbon
- Urban consumers prefer rye-heavy bourbons 30%
- Holiday season accounts for 25% annual consumption
- Women now 35% of bourbon drinkers
- Craft bourbon preference among 25-34 age group 45%
- Low/no ABV bourbon alternatives emerging 5% market
- Bourbon in RTDs consumed 10 million cases 2023
- Average drinking occasions per week 2.2 for bourbon fans
- 70% of bourbon drunk at home post-pandemic
- Spicy food pairings boost bourbon consumption 15%
- Bourbon festival attendance 500,000 annually
- Top consuming state Kentucky 2.5 liters per capita
- Bourbon sour popularity up 20% in cocktails
- Aged bourbon preference 65% over young
- Ice in bourbon 40% consumer choice
- Bourbon with cola mix 25% of servings
- Vegan bourbon seekers 15% of market
- Nighttime consumption peak 8-11pm 60%
- Social media influences 30% bourbon purchases
- Bourbon tourism drives 2 million visitors yearly
Consumption Interpretation
Economic
- Bourbon industry supports 22,000 direct jobs in 2023
- Total economic impact $9 billion annually in Kentucky
- Bourbon tourism generated $2.5 billion in visitor spending 2023
- Average distillery employee salary $65,000
- Tax revenue from bourbon $500 million to states yearly
- Supplier spending by industry $4 billion annually
- Investment in rickhouse construction $1.5 billion since 2015
- Export-related jobs 7,500 nationwide
- Barrel-making employs 1,000 in Kentucky oak industry
- Agritourism from distilleries $300 million revenue
- Philanthropy by distilleries $50 million yearly
- Multiplier effect of bourbon spending 2.5x
- Hotel bookings from bourbon trail 1.5 million room nights
- Local sourcing spends $1 billion on grains/corn
- Wage growth in distillery sector 5% above average
- Property value uplift near distilleries 15%
- Venture capital in craft distilleries $200 million 2023
- Federal excise tax on bourbon $13.50 per proof gallon
- State incentives for distilleries $100 million in grants
- Induced jobs from tourism 15,000
- Carbon footprint reduction initiatives save $20 million yearly
- Diversity hiring up 20% in industry
- R&D spending $150 million on new products
- Export value added $2 billion to GDP
Economic Interpretation
Exports
- Bourbon exports hit $600 million in 2023
- European Union imports 40% of U.S. bourbon exports
- Australia bourbon imports grew 25% in 2023
- Japan is top Asian market for bourbon $100 million
- Total U.S. spirits exports $2 billion with bourbon leading
- UK bourbon sales volume 2 million cases imported
- Canada imports 15% of U.S. bourbon output
- Duty-free bourbon sales $150 million globally
- China tariff impact reduced exports 10% temporarily
- Travel retail bourbon growth 18% post-pandemic
- Mexico bourbon imports up 30% in 2023
- Total export cases 15 million in 2023
- Brazil emerging market 500,000 cases imported
- India bourbon demand projected 20% CAGR
- Singapore hub for Asian re-exports 10%
- Premium bourbon exports share 60% by value
- FTA benefits boosted exports to South Korea 15%
- Russia sanctions cut exports 5% in 2023
- UAE duty-free sales 300,000 cases bourbon
- Global bourbon export growth 12% average 2018-2023
- Scotland imports U.S. bourbon for blending 200,000 hl
- Africa bourbon market doubled since 2015
- Online international sales platforms 20% of exports
- Bourbon export tariffs average 10-20% in EU
- Top export brand Buffalo Trace 1 million cases abroad
- Southeast Asia growth 22% for bourbon imports
Exports Interpretation
Production
- U.S. bourbon production reached 12.1 million barrels in 2022
- Kentucky produced 95% of the world's bourbon supply in 2023
- There are over 100 bourbon distilleries operating in Kentucky as of 2024
- Bourbon barrel production exceeded 2.5 million in 2022
- U.S. craft distilleries produced 3.4 million cases of spirits including bourbon in 2022
- New rickhouses for bourbon aging increased by 20% from 2021 to 2023
- Bourbon mash bill typically requires at least 51% corn
- Average bourbon aging time is 4-6 years for mainstream brands
- Over 11 million barrels of bourbon aging in Kentucky warehouses in 2023
- Bourbon distilleries invested $1.2 billion in new facilities in 2022
- U.S. bourbon production grew 15% year-over-year in 2022
- Kentucky Distillers' Association reports 2,200+ jobs added in production in 2023
- Single barrel bourbon production up 25% since 2018
- Water usage for bourbon production averages 10 gallons per gallon of whiskey
- Corn consumption for bourbon exceeds 150 million bushels annually
- New oak barrel char level for bourbon is #4 char standard
- Bourbon proof must not exceed 160 at distillation
- High-rye bourbon mash bills range 20-35% rye
- Wheated bourbon production growing 10% annually
- Automated distillation systems adopted by 40% of new distilleries
- Bourbon production permits issued to 50 new distilleries in 2023
- Average distillery capacity utilization at 85% in 2023
- Sustainable sourcing of grains implemented by 60% of producers
- Energy consumption per barrel reduced 15% since 2015
- Pot still usage in 30% of craft bourbon production
- Column stills produce 70% of U.S. bourbon volume
- Yeast strains customized for 80% of major bourbons
- Filtration skipped in 90% of traditional bourbons
- Proofing water from limestone filtered in Kentucky bourbon
- Annual barrel auctions average $50,000 per barrel for rare lots
Production Interpretation
Sales
- Bourbon sales reached $5.1 billion in 2023
- Bourbon category grew 8% in retail sales volume 2023
- Premium bourbon sales over 50% of total category in 2023
- E-commerce bourbon sales up 35% in 2023
- Top 10 bourbon brands hold 60% market share
- Average retail price of bourbon $25 per 750ml bottle in 2023
- Control states sold 4.5 million cases of bourbon in 2022
- On-premise bourbon sales recovered to 85% pre-pandemic levels
- Flavored bourbon sales grew 12% in 2023
- Limited edition bourbon releases averaged 500 bottles per batch
- Secondary market bourbon prices up 20% in 2023
- Jim Beam sales 3.2 million cases in 2022
- Maker's Mark sold 2.1 million cases annually
- Total U.S. whiskey sales including bourbon $8.7 billion
- Direct-to-consumer bourbon shipments $500 million in 2023
- Supermarket bourbon sales channel 45% of volume
- Collector bourbon bottles resold at 5x retail average
- Bourbon gift set sales peak 30% in Q4
- Women purchasing bourbon up 25% since 2018
- Millennial bourbon buyers 40% of volume
- Subscription box bourbon services grew to 1 million members
- Average basket size for bourbon $45 in liquor stores
- Black Friday bourbon sales spike 50%
- Craft bourbon retail price average $40+
- Bourbon cocktail kits sales up 18%
- Total cases sold 25 million in 2023
- Super-premium bourbon share 25% and rising
- Bourbon highballs drove 15% sales growth in bars
Sales Interpretation
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