Key Takeaways
- In 2023, the global spirits market was valued at $592.3 billion, marking a 5.1% year-over-year growth driven by premiumization trends.
- The U.S. spirits industry generated $44.8 billion in revenue in 2023 from supplier revenues alone, excluding retail.
- Premium spirits accounted for 78% of U.S. spirits category volume growth in 2023.
- World spirits market volume 5.8 billion cases in 2023.
- U.S. spirits production reached 240 million cases in 2023.
- Scotch whisky production totaled 1.47 billion liters in 2023.
- Global per capita spirits consumption averaged 4.8 liters pure alcohol in 2023.
- U.S. adults consumed 2.76 gallons of spirits per capita in 2023.
- Vodka consumption in Russia reached 10.2 liters per capita in 2023.
- U.S. e-commerce spirits sales 15% of total volume in 2023.
- Total U.S. spirits supplier sales $44.8 billion in 2023.
- Diageo reported $20.6 billion net sales from spirits in FY2023.
- Premiumization drove 85% of U.S. spirits value growth in 2023.
- RTD spirits projected to grow 12% CAGR to 2028 globally.
- Non-alcoholic spirits market to reach $1 billion by 2028.
The spirits industry is booming globally due to strong consumer demand for premium products.
Consumption Patterns
- Global per capita spirits consumption averaged 4.8 liters pure alcohol in 2023.
- U.S. adults consumed 2.76 gallons of spirits per capita in 2023.
- Vodka consumption in Russia reached 10.2 liters per capita in 2023.
- Premium spirits consumption grew 9% in U.S. in 2023.
- Millennials accounted for 45% of U.S. spirits consumption occasions in 2023.
- Tequila consumption in U.S. surged 12% YoY to 40 million cases in 2023.
- Women represented 42% of U.S. spirits drinkers in 2023.
- At-home spirits consumption 68% of total U.S. volume in 2023.
- Ready-to-drink spirits consumption up 28% globally in 2023.
- Scotch whisky consumption in India grew 15% to 25 million bottles in 2023.
- Gin consumption in Spain averaged 2.1 liters per capita in 2023.
- Whiskey category saw 7% consumption growth in Brazil 2023.
- Low/no alcohol spirits consumption tripled to 1.5 million cases in U.S. 2023.
- On-premise spirits consumption recovered to 32% of total U.S. in 2023.
- Flavored spirits made up 22% of U.S. consumption volume 2023.
- Cognac consumption in China 15 million bottles in 2023.
- Bourbon consumption per capita in Kentucky 5.2 gallons in 2023.
- Global Gen Z spirits consumption occasions up 18% in 2023.
Consumption Patterns Interpretation
Industry Trends and Forecasts
- Premiumization drove 85% of U.S. spirits value growth in 2023.
- RTD spirits projected to grow 12% CAGR to 2028 globally.
- Non-alcoholic spirits market to reach $1 billion by 2028.
- Tequila category forecast 8% CAGR through 2028 in U.S.
- Sustainable packaging adoption in spirits 65% by 2025 forecast.
- Asia-Pacific spirits market CAGR 7.2% forecast 2024-2030.
- Whiskey expected to hold 40% global market share by 2030.
- U.S. craft distilleries to number 2,500 by 2028 forecast.
- Flavored whiskey growth 10% CAGR to 2028.
- Global agave spirits shortage forecast until 2028.
- E-commerce spirits sales 25% of total by 2028 projection.
- Low-alc spirits to capture 15% market share by 2030.
- Scotch whisky premium segment CAGR 6% to 2028.
- Gin revival forecast to plateau post-2025.
- U.S. Gen Z premium spirits spend up 20% annually forecast.
- Global RTD market $28 billion by 2030 projection.
- Bourbon exports forecast $2 billion by 2028.
- Direct trade in spirits ingredients to rise 15% by 2027.
- AI in spirits blending adoption 40% by 2028 forecast.
- Carbon-neutral distilleries 30% of U.S. by 2030 projection.
- Vodka market stabilization post-2025 forecast.
- Emerging markets spirits CAGR 9% to 2030.
- Premium cognac demand forecast 5% growth annually to 2028.
- Global mezcal market CAGR 15% to 2030 projection.
- U.S. spirits industry jobs forecast 850,000 by 2028.
- Organic spirits sales CAGR 11% through 2028.
Industry Trends and Forecasts Interpretation
Market Size and Revenue
- In 2023, the global spirits market was valued at $592.3 billion, marking a 5.1% year-over-year growth driven by premiumization trends.
- The U.S. spirits industry generated $44.8 billion in revenue in 2023 from supplier revenues alone, excluding retail.
- Premium spirits accounted for 78% of U.S. spirits category volume growth in 2023.
- Global spirits market projected to reach $769.4 billion by 2028 at a CAGR of 4.8%.
- Europe held 35.2% share of global spirits market revenue in 2023.
- Asia-Pacific spirits market grew at 6.2% CAGR from 2018-2023, fastest regionally.
- Tequila segment revenue reached $7.5 billion globally in 2023.
- Scotch whisky exports contributed £5.9 billion to UK economy in 2023.
- U.S. craft spirits revenue hit $4.2 billion in 2023, up 12% YoY.
- Global rum market valued at $14.6 billion in 2023.
- Vodka led U.S. spirits with $8.9 billion revenue in 2023.
- Gin market globally valued at $18.4 billion in 2023, CAGR 5.3%.
- Whiskey spirits segment dominated with 42% global market share in 2023.
- Brazil spirits market revenue $12.1 billion in 2023.
- India spirits industry revenue $28.7 billion in FY2023.
- China baijiu market valued at $120 billion in 2023.
- Mexico tequila exports generated $4.5 billion in 2023.
- French cognac sales reached €4.8 billion in 2023.
- Global ready-to-drink (RTD) spirits market $3.2 billion in 2023.
- U.S. super-premium spirits revenue $15.6 billion in 2023.
Market Size and Revenue Interpretation
Production Volumes
- World spirits market volume 5.8 billion cases in 2023.
- U.S. spirits production reached 240 million cases in 2023.
- Scotch whisky production totaled 1.47 billion liters in 2023.
- Global vodka production volume 3.2 billion liters in 2023.
- Tequila production in Mexico hit 653 million liters in 2023.
- U.S. craft distilleries produced 10.5 million cases in 2023.
- Bourbon whiskey production 14.2 million barrels in 2023.
- Global gin production volume 800 million liters in 2023.
- Rum production worldwide 1.9 billion liters in 2023.
- Cognac production in France 460,000 hectoliters in 2023.
- Irish whiskey production 42 million liters in 2023.
- Brazilian cachaça production 1.4 billion liters in 2023.
- Japanese whisky production 8.5 million cases in 2023.
- Absinthe production globally 2.5 million liters in 2023.
- U.S. rye whiskey production doubled to 2.1 million barrels since 2015 in 2023.
- Global agave spirits production 700 million liters in 2023.
- Armagnac production 300,000 hectoliters in France 2023.
- Pisco production in Peru 8 million liters in 2023.
- U.S. total distilled spirits production capacity 300 million cases annually in 2023.
Production Volumes Interpretation
Sales and Distribution
- U.S. e-commerce spirits sales 15% of total volume in 2023.
- Total U.S. spirits supplier sales $44.8 billion in 2023.
- Diageo reported $20.6 billion net sales from spirits in FY2023.
- Pernod Ricard spirits sales €10.7 billion in FY2023.
- Brown-Forman net sales $4.2 billion, 90% from spirits in 2023.
- Off-premise spirits sales in U.S. $28.9 billion in 2023.
- Control states spirits sales $15.4 billion in U.S. 2023.
- Top 10 spirits brands accounted for 35% of global sales volume 2023.
- Drizly app spirits sales grew 45% YoY in 2023.
- Duty-free spirits sales $4.1 billion globally in 2023.
- U.S. convenience store spirits sales up 22% in 2023.
- Amazon spirits sales volume 12 million cases in 2023.
- Club channel spirits sales 18% of U.S. premium volume 2023.
- Total U.K. off-trade spirits sales £4.5 billion in 2023.
- Beam Suntory sales $4.8 billion in spirits for 2023.
- Campari Group spirits revenue €2.6 billion in 2023.
- Total spirits advertising spend $1.2 billion in U.S. 2023.
- Private label spirits sales 8% of U.S. market in 2023.
- Global direct-to-consumer spirits sales $1.5 billion 2023.
- U.S. total beverage alcohol retail sales $72.3 billion, spirits 62% in 2023.
Sales and Distribution Interpretation
Sources & References
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