Craft Spirits Market size was valued at USD 40.68 Billion in 2024 and is forecasted to grow at a CAGR of 9.1% from 2026 to 2033, reaching USD 85.29 Billion by 2033.
The global craft spirits market was valued at USD 8.9 billion in 2022 and is projected to expand at a compound annual growth rate (CAGR) of 8.7% from 2023 to 2030. This growth is driven by a rising consumer preference for high quality, locally produced spirits, along with increasing demand for unique flavors and artisanal production methods. North America holds the largest market share, accounting for approximately 45% of the global revenue, with the United States being the largest market for craft spirits. The regional market is expected to grow at a steady pace, supported by the growing popularity of craft cocktails and the increasing number of micro distilleries. Europe follows closely behind, with countries such as the UK and Germany contributing significantly to the market share, driven by the demand for premium and small batch spirits, including craft gin and whiskey.
In terms of growth opportunities, the Asia Pacific region is expected to witness the highest growth rate, with a projected CAGR of over 10% from 2023 to 2030. This is primarily due to the increasing adoption of craft spirits in emerging markets like China, Japan, and India, where a growing middle class and a shift towards premium alcoholic beverages are creating favorable market conditions. Additionally, the rising popularity of cocktails and the influx of Western drinking trends are expected to fuel the demand for craft spirits in the region. Latin America and the Middle East are also anticipated to see moderate growth in the coming years as consumers become more interested in premium and craft alcohol options, which offer a higher degree of personalization and quality than mass produced alternatives.
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Pernod Ricard
Rémy Cointreau
Diageo Plc
Anchor Brewers & Distillers
House Spirits
William Grant & Sons
Rogue Ales
Copper Fox Distillery
Chase Distillery
Ltd.
Constellation Brands
Inc.
Woodinville Whiskey
Tuthilltown Spirits
By the year 2030, the scale for growth in the market research industry is reported to be above 120 billion which further indicates its projected compound annual growth rate (CAGR), of more than 5.8% from 2023 to 2030. There have also been disruptions in the industry due to advancements in machine learning, artificial intelligence and data analytics There is predictive analysis and real time information about consumers which such technologies provide to the companies enabling them to make better and precise decisions. In addition, new innovative techniques such as mobile surveys, social listening, and online panels, which emphasize speed, precision, and customization, are also transforming this particular sector.
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Growing demand for below applications around the world has had a direct impact on the growth of the Global Craft Spirits Market
Whiskey
Vodka
Gin
Rum
Tequila
Brandy
Absinthe
Single Distillation
Double Distillation
Column Distillation
Pot Distillation
Vacuum Distillation
Grain-Based
Fruit-Based
Sugarcane-Based
Herbal
Botanical
Glass Bottles
Plastic Bottles
Canned Spirits
Kegs
Gift Sets
Aspirational Consumers
Adventurous Consumers
Health-Conscious Consumers
Eco-aware Consumers
Luxury Consumers
US (United States, US and Mexico)
Europe (Germany, UK, France, Italy, Russia, Turkey, etc.)
Asia-Pacific (China, Japan, Korea, India, Australia, Indonesia, Thailand, Philippines, Malaysia and Vietnam)
South America (Brazil, Argentina, Columbia, etc.)
Middle East and Africa (Saudi Arabia, UAE, Egypt, Nigeria and South Africa)
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1. Introduction of the Global Craft Spirits Market
Overview of the Market
Scope of Report
Assumptions
2. Executive Summary
3. Research Methodology of Verified Market Reports
Data Mining
Validation
Primary Interviews
List of Data Sources
4. Global Craft Spirits Market Outlook
Overview
Market Dynamics
Drivers
Restraints
Opportunities
Porters Five Force Model
Value Chain Analysis
5. Global Craft Spirits Market, By Type
6. Global Craft Spirits Market, By Application
7. Global Craft Spirits Market, By Geography
US
Europe
Asia Pacific
Rest of the World
8. Global Craft Spirits Market Competitive Landscape
Overview
Company Market Ranking
Key Development Strategies
9. Company Profiles
10. Appendix
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