2026年美国烈酒年度经济简报

February 5, 2026 Christine LoCascioDistilled Spirits Councilof the United StatesChief, Policy, Strategy &Membership Chris SwongerDistilled Spirits Councilof the United StatesPresident & CEO Hasan Bakir, Ph.D.Distilled Spirits Councilof the United StatesEconomics & StrategicAnalysis Robert Cullins 2025 Economic Overview •U.S. spirits sector maintained market share lead oftotal beverage alcohol market •U.S. spirits supplier revenue declined -2.2% •U.S. spirits volume grew 1.9% Spirits Industry is Major Contributorto U.S. Economy U.S. is second largest spirits market in the world Generates $250 billion in U.S. economic activityannually Supports more than 1.7 million jobs through theproduction, distribution and sale of distilled spiritsin the U.S. 2,300 distilleries across the U.S. In 2024, used 2.7 billion pounds of grains inproduction of U.S. whiskey, brandy, rum, gin andvodka Christine LoCascio Distilled Spirits Councilof the United States Chief, Policy, Strategy &Membership Marketplace Trends Spirits Maintain U.S. Market Share Lead 13 Points of Market Share Since 2000. Each point worth $860 million in supplier revenue. U.S. Spirits Market Snapshot in 2025 Spirits Revenues Have More ThanDoubled in the Last 20 Years A Decade of SignificantMarket Share Gains Spirits Account for more than 39% ofU.S. Alcohol Industry Volume in 2025 Challenging Market Dynamics in 2025 •Consumer sentiment has declined tohistoric lows •Persistent inflation, especially in housing,healthcare and insurance, continues toerode discretionary income •Younger adults relatively new to theworkforce have lower purchasing power Consumer Sentiment is at Historic Low Severe Lack of Job Growth inHospitality Industry Following COVID Hospitality industry employment is only up 278,000 compared to pre-pandemic levels.From Feb. 2014-Feb. 2020, the industry added 2.4 million jobs. Consumer Trends Consumers continue to choose spirits-based RTDs Vodka Remains Top Spirits Category by Revenue;RTDs Show Impressive Overall Growth Top 5 Spirits by Volume Consumers Increasingly PreferSpirits-Based RTDs Spirits Continue to Grow Share of the RTD Market Share of Market Volume Spirits-Based RTD Volume Sales NearlyQuadrupled Over the Past 5 Years 9-Liter Cases, Millions No Evidence of De-Premiumization 58% of total revenue is accounted for by high end & super premium No Evidence of Market Share Loss to Value andPremium for Spirits Excluding Cocktails/RTDs* High end & super premium accounted for 41.4% of volume in 2025 versus 41.5% in 2024 Spirits excluding Cocktails/RTDs*9-Liter Cases, Millions Spirits Exports, Imports &the Impact of Tariffs U.S. Spirits Exports Have MoreThan Quintupled Since 2000 Tariff Turbulence Disrupts the Industry’sLongstanding Zero-for-Zero Access withKey Markets European Union •U.S. tariff: 15%•EU tariff: 0%, 30% retaliatory tariff suspended•Trade negotiations ongoing United Kingdom •U.S. tariff: 10%•UK tariff: 0%•Trade negotiations ongoing Canada •U.S. tariff: 0% for goods under the USMCA•Canadian tariff: 0%•All but two Provinces continue to ban the sale of U.S. spirits•USMCA under review Mexico •U.S. tariff: 0% for goods under the USMCA•Mexican tariff: 0%•USMCA under review Progress has been Achieved inReducing Tariffs and Other Barriers toU.S. Spirits Exports India •Tariff on American Whiskey Reduced from 150 to 100% Türkiye •Eliminated 70% retaliatory tariff on American spirits ElSalvador* •Committed to “modify the application of its domestic excise tax ondistilled spirits so as not to discriminate against U.S. distilled spiritsexports compared to any like, directly competitive, or substitutableproducts” Malaysia* •Tariffs will be eliminated over 9 years Cambodia* •35% tariffs on U.S. spirits will be eliminated immediately Mid-Year Export Report ShowedDeclines; Full 2025 Report will beIssued in March Spirits Exports Declined 9% Year-Over-Year Through the Second Quarter of 2025 Distilled Spirits Exports to CanadaDropped 73% Year-Over-Year BetweenMarch and October 2025 Grain Use in U.S. Spirits Production Up 93%Over Last Decade; Dipped 5% in 2024 U.S. Spirits Importers Have Paid MoreThan $200 Million in Tariffs in 2025Through October U.S.CoalitionUnites EntireBeverage Alcohol Industry AgainstSpirits & Wine Tariffs 57 U.S. associationsrepresenting U.S. hospitalityindustry:• Spirits and wine producers • Restaurants• Wholesalers• Retailers• Importers• Logistics providers• Craft distiller guilds Two petitions secured morethan 40,000 signaturesopposing tariffs Robert CullinsDisaronno International USA LLC Chief Executive Officer Disaronno is a Global Spirits Companywith EU and U.S. Brands in its Portfolio DISARONNO •World’s leading amaretto liqueur•Produced in Saronno, Italy•Celebrated its 500th Anniversary in 2025•U.S. is the largest market•U.S. consumers appreciate its rich heritage and mixability SAGAMORE SPIRIT 31•Waterfront distillery in Baltimore, MD•Reviv