Craft Spirits Universe Still Growing Despite 2023 Downturn

Dear Client:   In 2023, the US craft spirits market recorded its first declines since the first Craft Spirits Data Project report in 2016. According to the report released today, the craft spirits category reached 13.5 million 9L cases sold and $7.8 billion in sales in 2023, down 3.6% and -1.1% year-over-year, respectively. The Craft Spirits Data Project (CSDP) is assembled by Park Street in partnership with the American Craft Spirits Association (ACSA). Recall, the CSDP defines "craft spirits" as