Forecast: Bottled Liquor Sales in the US

Bottled liquor sales in the US have seen notable fluctuations over the past decade. In 2023, the market stood at $10.188 billion. Analyzing the year-on-year variation shows that sales increased by 2.58% in 2023, following an 8.11% rise in 2022, and a significant 17.7% boost in 2021 post the downturn of 2020.

Looking at the CAGR, the average annual growth rate over the past five years stands at 2.85%. This moderate growth reflects some recovery and stabilization after the market's dip in 2020.

Future trends to watch include:

• Increased consumer interest in premium and craft liquor.
• Emerging e-commerce sales channels expanding market reach.
• Potential impact from regulatory changes and health trends.
• Market growth forecasted at an average rate of 1.96% annually until 2028.