US Craft Distillers Up Investments to Meet Consumer Demand

Dear Client:  Despite pandemic-related challenges, the US craft spirits market continues to grow. To support that growth, craft distillers have increased investment for expansion in recent years. Total investment by US craft distillers for expansions increased 8.7% from $698 million in 2019 to $759 million in 2020, according to the recent Craft Spirits Data Project, put together by Park Street and the American Craft Spirits Association (ACSA). That's a 5.7% CAGR from 2018-2020. The average investments made for expansion has been fairly