December 20, 2022
Nick Cook, Publisher
Top headlines leading into Christmas and New Year’s is that luxury spirits are still in strong growth mode (although at a decelerating rate).
No newsletter next week as we will be celebrating with our families and friends.
And now, the news…
Sales of spirits priced over US$50 in the States rose by 15% in the third quarter of 2022 as the segment remains an “attainable luxury” for adults.
This index tracks brands that have bottles priced above $50 (with many well above that, of course).
Eighty percent of regular craft spirits drinkers in the US would like to be able to purchase products to be delivered directly to their homes, new research reveals.
In reality, most famous brands have a handful of markets from which they get most of their sales.
“While inflation continues to cut into consumers’ discretionary incomes, a special bottle of spirits remains an attainable luxury that brings great pleasure to many adults,” said Christine LoCascio, Distilled Spirits Council Chief of Policy and Strategy.
The investment from RNDC, the second-biggest wine and spirits distributor in the US, also sees the start of the company’s new strategic partnership with Thirstie.
ecoSPIRITS USA, the United States operating partner of ecoSPIRITS, has announced the locations of its first ecoPLANTs in the United States, which will be managed in partnership with well-regarded distilled spirits plant (DSP) operators Mango Bottling in Florida and Chareau in Southern California.
DTC Expert Alex Koral reviews 2022 developments in the arena and looks to the future of wine shipping.
The rising demand for premium spirits, and a consumer love of agave-based cocktails has led to a Tequila and mezcal domination in 2022, and it’s only going to become bigger for the Mexican spirits categories.
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