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Craft spirits growth picking up the pace

As the explosive growth of craft beer begins to slow, craft spirits are seeing an increased consumer demand. Distillers are using knowledge from the craft beer market to plan their future growth.

Craft Spirits
Craft Spirits

According to a new white paper by PMMI Business Intelligence, craft distillery growth increased 15 percent between 2017 and 2018, reaching 1,835 establishments. Craft spirit sales also grew nearly 30 percent in 2018, reaching $3.7 billion in total sales.

Craft Breweries and Distilleries: Machinery and Automation Trends” says craft distillers are “tapping into the pulse of consumers” by creating authentic, small-batch products produced with responsibly sourced ingredients from the surrounding community.

Though the craft spirits market has yet to reach its peak, the recent rapid expansion is mirroring that of the craft beer market a decade ago. Craft distillers – having learned from the craft beer industry – are seeking to expand at a controlled rate while keeping a cap on their capabilities and budgets.

By keeping operations small and controlling expansion, craft distillers are able to control ingredient sourcing and the consistency of their batches, while also being in line with a sometimes fluctuating consumer demand.

To learn more about craft beer and craft spirits markets, download the FREE white paper here.

Source: PMMI Business Intelligence, “Craft Breweries and Distilleries: Machinery and Automation Trends.”

Learn more about craft brew and craft spirit packaging solutions at PACK EXPO Las Vegas, September 23-25, 2019.

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