Bottoms up: Accelerated increases in per capita expenditure on alcohol will lead to continued revenue growth
Like other spirit producers, vodka distilleries rely on a stable flow of sales to on-premise markets (restaurants, bars, nightclubs and more) and off-premise markets (i.e., retailers). COVID-19 interrupted the flow of sales to on-premise markets significantly, as many were forced to temporarily shut down, operate at limited capacity or simply experienced far less foot traffic due to consumers' health concerns. However, off-premise sales uplifted vodka producers, resulting in relatively modest declines at the pandemic's peak and a swift recovery. As a result, revenue has been growing at a CAGR of 1.9% over the past five years and is expected to reach $4.2 billion in 2023, when revenue rise an estimated 0.8%.
This industry manufactures vodka from fermented potatoes or cereal grains to create traditional (i.e. not flavored), flavored, craft and low-calorie spirits for consumption.
This report covers the scope, size, disposition and growth of the industry including the key sensitivities and success factors. Also included are five year industry forecasts, growth rates and an analysis of the industry key players and their market shares.
Table of Contents
Companies Mentioned (Partial List)
A selection of companies mentioned in this report includes, but is not limited to:
- Fifth Generation Inc.
- Diageo Plc
- Heaven Hill Brands
Methodology
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