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Report: U.S. Spirits Sales Rose in 2015
The U.S. spirits industry has good reason to raise a glass. At its annual briefing in February, the Distilled Spirits Council reported that sales of U.S. spirits grew steadily in 2015. Whiskey sales were particularly strong, and only one liquor, rum, saw a decrease in revenues.
Read on for highlights, or view the full report here.
General spirits sales in 2015
Total retail sales in the U.S. market were almost $72 billion.
Overall, volume grew by 2.3%, and supplier revenues grew by 4.1%.
Volume growth of high-end and “super premium” liquors rose the most, at 7.1% and 6.5%, respectively.
Volume of value liquors rose by only 0.1%, and “premium” liquors by 1.0%.
Export volumes increased by 4%, though revenue was relatively flat due to a strong dollar.
For the sixth year in a row, spirits continued to gain market share relative to beer.
Whiskey
“Super premium” whiskeys led the way in whiskey category growth, with volumes up 25.2% and revenue up 26.5%.
Revenues for American whiskey (bourbon, Tennessee, rye, and white/corn) rose by 7.8%, to $2.9 billion.
Canadian whiskeys and blends saw revenues rise by 8.1%, to $1.8 billion.
Irish whiskey saw 19.9% revenue growth, to $664 million.
Single malt scotch revenues rose 13.5%, to $732 million.
Blended scotch revenues were flat at $1.4 billion.
American whiskey export volumes grew by 5.4%.
Other spirits
Tequila had 9.4% revenue growth, to $2.3 billion.
Cognac had 16.2% revenue growth, to $1.3 billion.
Vodka sales were up 0.5%, to $5.8 billion.
Rum sales were down 2%, to $2.3 billion.
Key growth factors
According to the Council, key factors influencing the spirits sector’s growth in 2015 include:
Increasing demand for American whiskeys in the U.S. and abroad
The interests of drinking-age Millennials
Laws and policies concerning alcohol and certain taxes
The increasing prevalence of micro-distilleries
Increasing interest in “craft-style, artisanal products”
The continued popularity of “cocktail culture”
Future trends
The Council suggests the following factors may influence the liquor market in 2016:
Changes to alcohol laws
Grocery-store interest in selling spirits
Realignment and consolidation of wholesalers
Expansion of online delivery services
Growth of micro-distillers
Continued efforts toward expanding spirits exports from the U.S.