Wine & Spirits Wholesale

The Wine and Spirits Wholesaling industry comprises establishments primarily engaged in the merchant wholesale distribution of wine, distilled alcohol beverages or neutral spirits and ethyl alcohol used in blended wines and distilled liquors. Over the five years to 2022, industry revenue is anticipated to increase an annualized 3.3% to $126.9 billion, including growth of 1.7% in 2022 alone. Increased consumer spending for the majority of the period, driven by an increase in disposable income and consumption trends toward high-value wine and distilled spirits, has driven revenue growth for the industry during the period. In 2020, high consumer demand at the retail level largely offset a decline in demand from on-premise establishments that temporarily closed due to the COVID-19 (coronavirus) pandemic.