The American Craft Spirits Association (ACSA) and Park Street presented highlights from the 2024 Craft Spirits Data Project at its Annual Craft Spirits Economic Briefing. U.S. craft spirits market volume decreased for the first time since the creation of this report in 2016. Volume decreased -3.6% to 13.5 million cases in 2023 versus 14 million in 2022. In value terms, the market reached $7.8 billion in sales at a -1.1% growth rate. U.S. craft spirits are losing overall spirits market share to large producers. U.S. craft spirits market share of total U.S. spirits decreased to 4.6% share in volume and 7.5% in value in 2023, down from 4.9% and 7.7%, respectively, in 2022. While for the first year ACSA has reported a significant number of craft distillery closures, the number of active craft distillers in the U.S. still grew, up 11.5% to reach a total of 3,069 producers. Active craft distillers are defined as licensed U.S. distilled spirits producers that removed 750,000 proof gallons (or 394,317 9-liter cases) or less from bond, market themselves as craft, are not openly controlled by a large supplier and have no proven violation of the ACSA Code of Ethics. The full report can be viewed on ACSA’s website.