Companies in this industry distill, blend, or mix liquors. Major companies include Bacardi (Bermuda), Brown-Forman (US), Diageo (UK), Gruppo Campari (Italy), Kweichow Moutai (China), Pernod Ricard (France), and Suntory (Japan).
The distilleries industry is undergoing increased globalization. Many of the world's largest liquor conglomerates have expanded into multiple regions.
The US distillery industry includes about 1,800 establishments (single-location companies and units of multi-location companies) with combined annual revenue of about $26 billion.
Demand is driven primarily by trends in alcohol consumption and personal income. The profitability of individual companies depends on efficient operations and strong distribution channels. Large companies have advantages in brand recognition and economies of scale. Small operations can compete effectively by specializing in high-end or unusual spirits. The US industry is highly concentrated: the top 20 companies account for about 95% of industry revenue.
Some companies in the industry distill alcohol on site; others take neutral spirits and infuse alcohol with flavoring agents. Distilleries compete with wineries and breweries for alcohol spending.
The US, a net importer of liquor, imports more than $6 billion in liquor per year and exports about $2 billion. About 80% of imported liquor comes from the UK, Mexico, France, Ireland, and Canada. Top export markets include Canada, the UK, Australia, Panama, and Germany.
Products, Operations & Technology
Major products include whiskey, which accounts for about 35% of liquor sales in the US, according to the Distilled Spirits Council of the US, and vodka
Sales & Marketing
Finance & Regulation
Regional & International Issues
Also includes the following chapters:
Quarterly Industry Update
Trends and Opportunities
Call Preparation Questions
Glossary of Acronyms