U.S. spirits have reached historic milestones in 2022 gaining record market share and sales as demand continued to persist despite the economic environment dampening spending.
achieved record market share and sales in 2022 as demand persisted, underscoring the sector's resiliency within the challenging environment. discretionary spending, there has been continued consumer interest in premium spirits, which in turn has helped to "bolster the fragile U.S. hospitality industry," according to the Distilled Spirits Council of the United States .
During the Distilled Spirits Council annual economic briefing Thursday, CEO Chris Swonger reported that spirits supplier sales in the U.S. increased 5.1% in 2022, reaching a total of $37.6 billion. Volumes also rose 4.8% to 305 million 9-liter cases, Swonger reported. According to DISCUS data, 2022 was the 13th year in a row that spirits gained market share of the total U.S. beverage alcohol market. It was also the first time that spirits supplier revenues surpassed beer, which accounts for 41.9% of the market share, according to the national trade association.
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