Craft Spirits Market in the US 2018-2022 - Product Image

Craft Spirits Market in the US 2018-2022

  • ID: 4600532
  • Report
  • Region: United States
  • 101 pages
  • TechNavio
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FEATURED COMPANIES

  • Bacardi
  • Beam Suntory
  • Brown-Forman Corporation
  • Constellation Brands
  • FEW Spirits
  • TITO’S HANDMADE VODKA
  • MORE
About Craft Spirits

US craft spirit is distilled spirit produced in the US by licensed producers that have not more than 52000 cases of annual sales and are removed from bond of licensed producers. Craft spirits are bottled on-site.

The analysts forecast the Craft Spirits Market in the US to grow at a CAGR of 25.50% during the period 2018-2022.

Covered in this report
The report covers the present scenario and the growth prospects of the craft spirits market in the US. To calculate the market size, the report considers the revenue generated from the sales of craft spirits through large craft distillers, medium craft distillers, and small craft distillers.

The report, craft spirits market in the US 2018-2022, has been prepared based on an in-depth market analysis with inputs from industry experts. The report covers the market landscape and its growth prospects over the coming years. The report also includes a discussion of the key vendors operating in this market.

Key vendors
  • Bacardi
  • Beam Suntory
  • Brown-Forman Corporation
  • Constellation Brands
  • FEW Spirits
  • TITO’S HANDMADE VODKA
  • William Grant & Sons
Market drivers
  • Product launches of craft spirits in the US
  • For a full, detailed list, view the full report
Market challenges
  • Campaigns against alcohol consumption
  • For a full, detailed list, view the full report
Market trends
  • Packaging innovations
  • For a full, detailed list, view the full report
Key questions answered in this report
  • What will the market size be in 2022 and what will the growth rate be?
  • What are the key market trends?
  • What is driving this market?
  • What are the challenges to market growth?
  • Who are the key vendors in this market space?
  • What are the market opportunities and threats faced by the key vendors?
  • What are the strengths and weaknesses of the key vendors?
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FEATURED COMPANIES

  • Bacardi
  • Beam Suntory
  • Brown-Forman Corporation
  • Constellation Brands
  • FEW Spirits
  • TITO’S HANDMADE VODKA
  • MORE
PART 01: EXECUTIVE SUMMARY

PART 02: SCOPE OF THE REPORT

PART 03: RESEARCH METHODOLOGY

PART 04: MARKET LANDSCAPE
  • Market ecosystem
  • Market characteristics
  • Market segmentation analysis
PART 05: MARKET SIZING
  • Market definition
  • Craft spirits market in the US
  • Market size and forecast 2017-2022
PART 06: FIVE FORCES ANALYSIS
  • Bargaining power of buyers
  • Bargaining power of suppliers
  • Threat of new entrants
  • Threat of substitutes
  • Threat of rivalry
  • Market condition
PART 07: MARKET SEGMENTATION BY PRODUCT TYPE
  • Segmentation by product type
  • Comparison by product type
  • Craft whiskey
  • Craft gin
  • Craft vodka
  • Other craft spirits
  • Market opportunity by product type
PART 08: MARKET SEGMENTATION DISTRIBUTION CHANNEL
  • Segmentation by distribution channel
  • Comparison by distribution channel
  • On-trade
  • Off-trade
  • Market opportunity by distribution channel
PART 09: CUSTOMER LANDSCAPE

PART 10: DECISION FRAMEWORK

PART 11: DRIVERS AND CHALLENGES
  • Market drivers
  • Market challenges
PART 12: MARKET TRENDS
  • Strategic initiatives taken by alcoholic drink players
  • Packaging innovations
  • Emergence of craft cocktails based on craft spirits
PART 13: VENDOR LANDSCAPE
  • Overview
  • Landscape disruption
PART 14: VENDOR ANALYSIS
  • Competitive scenario
  • Vendors covered
  • Vendor classification
  • Market positioning of vendors
  • Bacardi
  • Beam Suntory
  • Brown-Forman Corporation
  • Constellation Brands
  • FEW Spirits
  • TITO’S HANDMADE VODKA
  • William Grant & Sons
PART 15: APPENDIX
  • List of abbreviations
List of Exhbits
Exhibit 01: Parent market
Exhibit 02: Global craft spirits market
Exhibit 03: Market characteristics
Exhibit 04: Market segments
Exhibit 05: Market definition - Inclusions and exclusions checklist
Exhibit 06: Top qualities that consumers in the US consider while opting for craft spirit brands (in terms of %)
Exhibit 07: Market size 2017
Exhibit 08: States with maximum number of craft distilleries in US 2016
Exhibit 09: Validation techniques employed for market sizing 2017
Exhibit 10: Craft spirits market in US – Market size and forecast 2017-2022 ($ bn)
Exhibit 11: Craft spirits market in US– Year-over-year growth 2018-2022 (%)
Exhibit 12: Craft spirits market in US – Market size and forecast 2017-2022 (million 9L cases)
Exhibit 13: Craft spirits market in US – Year-over-year growth 2018-2022 (%)
Exhibit 14: Five forces analysis 2017
Exhibit 15: Five forces analysis 2022
Exhibit 16: Bargaining power of buyers
Exhibit 17: Bargaining power of suppliers
Exhibit 18: Threat of new entrants
Exhibit 19: Threat of substitutes
Exhibit 20: Threat of rivalry
Exhibit 21: Market condition - Five forces 2017
Exhibit 22: Product type – Market share 2017-2022 (%)
Exhibit 23: Comparison by product type
Exhibit 24: Craft whiskey – Market size and forecast 2017-2022 ($ bn)
Exhibit 25: Craft whiskey – Year-over-year growth 2018-2022 (%)
Exhibit 26: Craft gin – Market size and forecast 2017-2022 ($ bn)
Exhibit 27: Craft gin – Year-over-year growth 2018-2022 (%)
Exhibit 28: Craft vodka – Market size and forecast 2017-2022 ($ bn)
Exhibit 29: Craft vodka – Year-over-year growth 2018-2022 (%)
Exhibit 30: Other craft spirits – Market size and forecast 2017-2022 ($ bn)
Exhibit 31: Other craft spirits – Year-over-year growth 2018-2022 (%)
Exhibit 32: Market opportunity by product type
Exhibit 33: Distribution channel – Market share 2017-2022 (%)
Exhibit 34: Comparison by distribution channel
Exhibit 35: On-trade – Market size and forecast 2017-2022 ($ bn)
Exhibit 36: On-trade – Year-over-year growth 2018-2022 (%)
Exhibit 37: Off-trade – Market size and forecast 2017-2022 ($ bn)
Exhibit 38: Off-trade – Year-over-year growth 2018-2022 (%)
Exhibit 39: Market opportunity by distribution channel
Exhibit 40: Customer landscape
Exhibit 41: Product launches for craft spirits in the US
Exhibit 42: Active craft distilleries in the US as of 2017
Exhibit 43: Packaging innovations
Exhibit 44: Vendor landscape
Exhibit 45: Landscape disruption
Exhibit 46: Strategies players will consider for making craft spirits more popular in the US
Exhibit 47: Vendors covered
Exhibit 48: Vendor classification
Exhibit 49: Market positioning of vendors
Exhibit 50: Bacardi – Overview
Exhibit 51: Bacardi – Organizational developments
Exhibit 52: Bacardi – Brands manufacturing craft spirits
Exhibit 53: Beam Suntory – Overview
Exhibit 54: Beam Suntory – Organizational developments
Exhibit 55: Beam Suntory – Brands manufacturing craft spirits
Exhibit 56: Brown-Forman Corporation – Overview
Exhibit 57: Brown-Forman Corporation – Organizational developments
Exhibit 58: Brown-Forman Corporation – Geographic focus
Exhibit 59: Brown-Forman Corporation – Brands manufacturing craft spirits
Exhibit 60: Constellation Brands – Overview
Exhibit 61: Constellation Brands – Organizational developments
Exhibit 62: Constellation Brands – Brands manufacturing craft spirits
Exhibit 63: FEW Spirits – Overview
Exhibit 64: FEW Spirits – Organizational developments
Exhibit 65: FEW Spirits – Geographic focus
Exhibit 66: FEW Spirits – Product offerings
Exhibit 67: TITO'S HANDMADE VODKA – Overview
Exhibit 68: TITO’S HANDMADE VODKA – Organizational developments
Exhibit 69: TITO’S HANDMADE VODKA – Product offerings
Exhibit 70: William Grant & Sons – Overview
Exhibit 71: William Grant & Sons – Organizational developments
Exhibit 72: William Grant & Sons – Geographic focus
Exhibit 73: William Grant & Sons – Brands manufacturing craft spirits
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FEATURED COMPANIES

  • Bacardi
  • Beam Suntory
  • Brown-Forman Corporation
  • Constellation Brands
  • FEW Spirits
  • TITO’S HANDMADE VODKA
  • MORE
New Report Released: – Craft Spirits Market in the US 2018-2022

The author of the report recognizes the following companies as the key players in the craft spirits market in the US: Bacardi, Beam Suntory, Brown-Forman Corporation, Constellation Brands, FEW Spirits, TITO’S HANDMADE VODKA, and William Grant & Sons.

Commenting on the report, an analyst from the research team said: “One trend affecting this market is the strategic initiatives taken by alcoholic drink players.” In some cases, the focus of these players lies on portfolio gaps by acquiring brands with craft label to capitalize on the trust that consumers have on the small brands.

According to the report, one driver influencing this market is the growing demand for craft spirit among millennials and GenX consumers. The popularity of craft spirits is mainly driven by social media or word-of-mouth marketing.

Further, the report states that one challenge affecting this market is the difficulty entering the market. This is due to the need for high level of expertise, spirits to be aged for years before they are ready to be tasted, and presence of high-quality spirits.

The study was conducted using an objective combination of primary and secondary information including inputs from key participants in the industry. The report contains a comprehensive market and vendor landscape in addition to a SWOT analysis of the key vendors.
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  • Bacardi
  • Beam Suntory
  • Brown-Forman Corporation
  • Constellation Brands
  • FEW Spirits
  • TITO’S HANDMADE VODKA
  • William Grant & Sons
Note: Product cover images may vary from those shown
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Note: Product cover images may vary from those shown
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