NAICS 42482 - Wine and Distilled Alcoholic Beverage Merchant Wholesalers
This industry comprises establishments primarily engaged in the merchant wholesale distribution of wine, distilled alcoholic beverages, and/or neutral spirits and ethyl alcohol used in blended wines and distilled liquors.
Industry trends:
NAICS 42482, representing Wine and Distilled Alcoholic Beverage Merchant Wholesalers, has been experiencing several notable qualitative trends that are expected to shape the industry in the near future. One prominent trend is the increasing consumer preference for premium and craft alcoholic beverages. This shift is driven by a growing interest in unique, high-quality products that offer distinct flavors and artisanal craftsmanship. As a result, wholesalers are expanding their portfolios to include more premium and craft spirits and wines.
Another significant trend is the rise in e-commerce and direct-to-consumer sales channels. The pandemic accelerated the adoption of online shopping for alcoholic beverages, and this behavior has persisted. Wholesalers are investing in digital platforms and logistics to meet the demand for home delivery services and enhance the overall customer experience.
Sustainability is also gaining traction within the industry. Consumers are increasingly concerned about environmental impact, leading wholesalers to prioritize sustainable sourcing and packaging practices. This includes partnering with eco-friendly producers and adopting recyclable or biodegradable materials.
Furthermore, the industry is seeing a greater emphasis on data analytics and technology integration. Wholesalers are utilizing advanced analytics to optimize inventory management, forecast demand, and streamline operations. This technological adoption is expected to enhance efficiency and reduce costs.
Forecasts for the near future suggest continued growth in premium and craft segments, further expansion of e-commerce capabilities, and heightened focus on sustainability and technological advancements. These trends collectively indicate a dynamic and evolving landscape for wine and distilled alcoholic beverage wholesalers.
This industry is comprised of:
Alcoholic beverages, wine and distilled spirits merchant wholesalers
Beverages, wine and distilled spirits, merchant wholesalers
Brandy and brandy spirits merchant wholesalers
Cocktails, alcoholic, premixed, merchant wholesalers
Distilled alcoholic beverages merchant wholesalers
Ethyl alcohol merchant wholesalers
Liquors merchant wholesalers
Liquors, distilled, merchant wholesalers
Neutral spirits merchant wholesalers
Spirits, distilled, merchant wholesalers
Wine coolers, alcoholic, merchant wholesalers
Wines merchant wholesalers
Explore related industries:
This report includes the ability to segment your Industry by:
- Region
- Employees
- Net Sales
- Company Age
- Total Assets
- Ownership Type
With iCFO You Get
What Is iCFO?
A review and comparison of financial performance of privately-help companies in specified SIC/NAICS industry segment, using industry standard benchmarks.
Sound Business Analysis
Answers come easily with iCFO. Review ROI, sales per employee, profit margins of the top 10%, top 25% and more, to identify areas of concern and opportunity. Examine what if scenarios and P&L impact of reducing costs or adding revenue.
Your Business’ Health In Minutes
It takes only five minutes to enter your data and produce a concise profile of your company’s fiscal state, including critical business ratios focusing on liquidity, profitability, asset efficiency, and growth.