Page 11 - Bord Bia
P. 11


        Introduction (iii)

        Global Market Performance

        The sector is in high growth globally. It is important to recognise that internationally, Ireland’s
        start-ups are competing against very large scale,  multi-national drinks companies as well as
        other established regional and craft breweries and distilleries. For this reason, Bord Bia has a
        premium craft drinks strategy and encourages Irish suppliers to diferentiate on the basis of
        premium positioning of their brands. Premium brands are priced higher than mainstream brands
        and thus can provide superior returns on investment when successful in market.

           BEER                                                 WHISKEY

           •  In the world’s biggest alcohol                    •  Irish whiskey was the fastest growing
              market (the US) craft beer now                       spirit globally last year at +15%*
              outsells Budweiser, at 19% share vs,
              Budweiser’s 15%.                                  •  Irish whiskey producers are projected
                                                                   to ship 25M+ cases of Whiskey by
           •  Craft beer is considered super premium               2030 compared to 7M cases in 2014.
              in price and positioning,  its value share
              is double that of volume share.                   •  A host of other Irish spirits are
                                                                   also coming on stream as a result,
           •  The Top 30 craft breweries in the US                 including Poitin, Vodka & Gin
              market grew by 72% in 2014*

           •  Craft beer is estimated to be worth $25
              billion* in the next 5 years in the US
              market alone

                                                             * IWSR data June 2014
   6   7   8   9   10   11   12   13   14   15   16