U.S. Craft Spirits Market Declines, As Producers Refocus On Home Markets
September 18, 2024U.S. craft spirits declined 3.6% to 13.5 million cases and 1.1% to $7.8 billion last year, according to the American Craft Spirits Association (ACSA), marking the first decrease for the segment in memory. Craft players have lost market share over the past year, receding slightly to a 4.6% slice of the total spirits category by volume and 7.5% by value.
Craft distillers have been refocusing on their home states lately as industry winds have shifted, with the proportion of sales coming from home markets rising to 48% against a 51% share for out-of-state markets. Despite a significant number of craft closures recently, the ranks of active craft distillers in the U.S. grew 11.5% last year to reach 3,069 producers.
The ACSA defines craft distillers as producers that removed 750,000 proof gallons (or 394,317 9-liter cases) or less from bond, market themselves as craft, are not openly controlled by a large supplier, and have no proven violation of the ACSA Code of Ethics.—Daniel Marsteller
Subscribe to Shanken News Daily’s Email Newsletter, delivered to your inbox each morning.Tagged : American Craft Spirits Association