American Craft Spirits Association (ACSA)
NEW YORK, NY (December 6, 2022) – The American Craft Spirits Association (ACSA) and Park Street today presented highlights from the 2022 Craft Spirits Data Project (CSDP) at its Annual Craft Spirits Economic Briefing, which was held this morning at New York Distilling Co. The Craft Spirits Data Project, which was first introduced in 2016, is a first-of-its-kind research initiative that aims to provide a solid and reliable fact base for evaluating performance and trends in the U.S. craft spirits industry.
The ongoing CSDP, which seeks to quantify the number, size, and impact of craft spirits producers in the U.S., is an effort led by ACSA and Park Street.
Key findings and highlights revealed during the briefing include the following:
View the full 2022 Craft Spirits Data Project here.
CSDP BACKGROUND AND METHODOLOGY
The Craft Spirits Data Project © 2022 is a proprietary research project whose goal is to provide a solid and reliable fact base for evaluating performance and trends in the U.S. craft spirits industry. The Craft Spirits Data Project, which was first announced and presented in 2016, is the beverage industry’s first-ever comprehensive craft distilling study. The CSDP quantifies the number, size, and impact of craft spirits producers in the United States.
2022 data collection centered on spirits producers (DSPs) began in June, and remained ongoing through October 2022.
The program aims to create a deeper understanding of the U.S. craft spirits landscape. The study collected comprehensive data on craft distiller production size and patterns, sources of revenue, and the category’s overall economic impact within the spirits industry.
When estimating the number of producers behind the U.S. craft spirits production, the CSDP team relies on a combination of official data released by regulatory authorities, survey data, other industry data sources both national (e.g., NABCA, ACSA) and regional (e.g., Guilds), as well as interviews and team assessments using the craft distiller definition.
ABOUT ACSA
The American Craft Spirits Association is the only registered non-profit trade association representing the U.S. craft spirits industry. Its mission is to elevate and advocate for the community of craft spirits producers, and membership in ACSA is open to anyone.
ACSA is governed by a Board of Directors elected by the eligible voting members of the Association. Voting members must be independent, licensed distillers (DSPs) annually removing fewer than 750,000 proof gallons from bond (the amount on which a Federal Excise Tax is paid.) who subscribe to ACSA’s Code of Ethics.
ABOUT PARK STREET
Park Street delivers productivity-enhancing and cost-saving back-office solutions, advisory services, and working capital to more than 18,000 alcoholic beverage brands from around the world. Established in 2003, the company provides a fast and reliable conduit to the U.S. and E.U. markets and a cost-effective operating platform. Park Street works with suppliers at all stages of growth and its clients range from entrepreneurial craft distillers to multi-brand global platforms.