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Distilleries in Canada: Market Research Report

Market Research • Market Size • Industry Statistics • Industry Analysis • Industry Trends

Distilleries in Canada Market Research Report | NAICS 31214CA | Jul 2014

Fizzing out: Rising import competition and volatile input costs will constrain growth

IBISWorld’s Distilleries market research report can be used to help you: understand market size and growth potential; major companies; draft business plans and pitch books; and conduct benchmarking and SWOT analysis. Our industry analysis highlights macro industry trends in the overall sector and micro trends faced by companies that do business in the industry. The industry report also provides key industry statistics and 5-year forecasts to anticipate future industry prospects so you can decide with confidence.

Report Snapshot
Industry Statistics & Market Size
Revenue
$934m
Annual Growth 09-14
-1.3%
Annual Growth 14-19
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Profit
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Employment
1,467
Businesses
48
Industry Analysis & Industry Trends

The strengthening dollar has made imported spirits relatively cheaper for Canadians, which has led to a decrease in revenue for the domestic Distilleries industry. Over the past five years, IBISWorld anticipates that the value of the dollar has increased relative to the currencies of the country's major trading partners. Adding to the industry's woes, per capita alcohol consumption is on track to decrease about 0.4% per year on average over the same period. Thus, revenue is expected to fall at an annualized rate of 1.3% over the five years to 2014, including a 3.2% decline in 2014, to total $933.9 million.

Despite a contracting market for domestic brews, the Distilleries industry has seen an influx of new businesses... purchase to read more

Industry Report - Starting a New Business Chapter

The difficulty of entering this industry varies depending on the target market for new entrants. In general, production is highly capital intensive, and substantial volume is needed to spread out these costs. Additionally, the long interval between the start of production and the final product being available means that cash flows are not established for some time. While some products can be distilled over shorter periods of time, some whiskies can take over two years to age. Delayed revenue can deter players with smaller cash reserves from entering the market.

However, distilleries with low output can be formed with minimum initial expense. Due to the relationship between aging and quality, these players may still compete in the value-oriented segments of the market... purchase to read more

 


Industry ProductsRelated ReportsTable of Contents

What is the Distilleries Industry?

This industry primarily distills liquor to produce beverage spirits (except brandy), alcoholic eggnog, alcoholic mixed drinks, whisky or potable ethyl alcohol. Beer and wine production are not included in this industry.

Industry Products
WhiskyVodkaRum
 
Industry Activities
Distilling liquorsBlending liquorsBottling liquors


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