Distilleries in Canada - Market Research Report (2014-2029)

Another round: The number of enterprises will keep growing as industry revenue expands

This report covers the scope, size, disposition and growth of the industry including the key sensitivities and success factors. Also included are five year industry forecasts, growth rates and an analysis of the industry key players and their market shares.

Canadian distilleries have had a strong performance in recent years, despite the COVID-19 pandemic. Government intervention through the control of liquor retail sales and high excise taxes have aided in slowing growth and have been an impediment to expansion. Despite this, solid growth in demand for Canadian products in the United States and a boom in craft spirits consumption have mitigated this decline, as did increased alcohol consumption amid the coronavirus pandemic. Revenue is expected to grow at a CAGR of 4.2% to $2.0 billion over the five years to 2023, including a forecast increase of 0.6% in 2023 alone as consumption of alcohol continues its long-term decline.

This industry consists of distilleries that purchase ingredients, such as grain, corn, rice, potatoes and sugar, and manufacture them into alcoholic spirits. These beverages are then bottled and sold to liquor distributors, licensed retailers and drinking establishments.