February 13, 2023

Spirits are High

Hard,Strong,Alcoholic,Drinks,And,Distillates,In,Glasses,And,Bottles
  • Total spirit supplier sales in the US increased by 5.1% in 2022 to a record $37.6 billion.
  • An increase in consumer demand for premium, high-end goods has accompanied the growth of the spirits industry.
  • The council reported that sales of ready-to-drink spirit products, which include premixed cocktails, increased by 35.8%, or $588 million, to reach $2.2 billion.
  • On-premise sales of spirits in bars and restaurants have been recovering from pandemic-era shutdowns in the meantime, but they are still 5% below 2019 levels, according to the council.
  • Marketing Opportunity: Alcohol retailers and bars