Japan Craft Spirits Market was valued at USD 2.1 Billion in 2022 and is projected to reach USD 3.1 Billion by 2030, growing at a CAGR of 5.2% from 2024 to 2030.
The Craft Spirits Market Has Witnessed Remarkable Growth In Recent Years, Captivating Consumers With Its Artisanal Appeal And Diverse Flavors. Valued At Approximately Usd 21.40 Billion In 2023, The Global Craft Spirits Market Is Projected To Expand At A Compound Annual Growth Rate (Cagr) Of 28.4% From 2024 To 2030. This Surge Is Primarily Driven By Increasing Demand For Premium Alcoholic Beverages And A Rising Number Of Craft Distilleries Worldwide.
In The United States, The Craft Spirits Sector Has Experienced Significant Developments. In 2022, The Market Reached Over 14 Million 9-Liter Cases In Retail Sales, Equating To Usd 7.9 Billion—A 5.3% Annual Growth Rate. However, 2023 Marked A Turning Point, With A 3.6% Decline In Volume To 13.5 Million Cases And A Slight Decrease In Market Share To 4.6% By Volume And 7.5% By Value. This Downturn Highlights The Challenges Small Distilleries Face, Including Distribution Hurdles And Competition From Major Producers.
Despite These Challenges, Certain Regions Continue To Show Robust Growth. The Asia Pacific Craft Spirits Market Is Expected To Witness A Cagr Of 35.1% From 2024 To 2030, Fueled By Increasing Disposable Incomes And A Burgeoning Millennial Population In Countries Like China And India. In India, The Market Is Projected To Grow At A Cagr Of 35.6% During The Same Period, As Consumers Exhibit A Growing Preference For Premium And Authentic Spirits.
Consumer Preferences Are Evolving, With A Noticeable Shift Towards Premiumization And Unique Flavor Profiles. Craft Distillers Are Responding By Experimenting With Innovative Ingredients And Production Techniques, Such As Incorporating Local Herbs, Spices, And Fruits. This Trend Is Evident In Markets Like India, Where Distillers Draw Inspiration From The Country'S Rich Culinary Heritage To Create Distinctly Flavored Spirits.
However, The Industry Faces Significant Challenges. Distribution Remains A Critical Issue, As Small Distilleries Often Struggle To Scale And Access Broader Markets Dominated By Major Distributors. Additionally, Economic Factors Such As High Inflation Have Led Consumers To Opt For More Affordable Alternatives, Impacting Sales Of Higher-Priced Craft Spirits. For Instance, In December 2024, U.S. Bar Patrons Reduced Spending On Expensive Craft Cocktails, Favoring Cheaper Options Like Wine.
In Summary, While The Craft Spirits Market Continues To Grow, It Must Navigate Challenges Related To Distribution, Economic Pressures, And Competition From Larger Producers. The Industry'S Future Will Depend On Its Ability To Adapt To Changing Consumer Preferences And Market Dynamics.
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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. The Asia-Pacific region is expected to be a key driver of growth, accounting for more than 35% of total revenue growth. 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
Bottle Stores
Bars
Online
Restaurants
Others
Based on Types the Market is categorized into Below types that held the largest Craft Spirits market share In 2023.
Whiskey
Vodka
Gin
Rum
Brandy
Liqueur
Others
Global (United States, Global 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
Global
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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