Updated 2025 Market Reports Released: Trends, Forecasts to 2034 – Early Purchase Your Competitive Edge Today!
What Is The Estimated Growth And Market Size Of The Global Craft Spirits Market?
The craft spirits market size has seen significant expansion over the last few years. Market research indicates that it will grow from $37.71 billion in 2024 to $48.87 billion in 2025, reflecting a compound annual growth rate (CAGR) of 29.6%. This surge in growth can be traced back to strategic aspects of marketing and branding, the rise of cocktail culture, and the influence of tourism and tasting rooms, trade shows and festivals, alongside the broadening of distribution networks. Forecasts suggest that this sector is expected to accelerate even further, reaching $125.67 billion in 2029 at a CAGR of 26.6%. The drivers for this projected expansion include significant developments in digital marketing and e-commerce, enhanced collaboration and partnerships, an aging demographic group, as well as regulatory and taxation stimuli, and the creation of niche categories in the market.
Access your free sample of The Global Craft Spirits Market Report:
https://www.thebusinessresearchcompany.com/sample.aspx?id=7236&type=smp
What Are The Key Factors Propelling The Growth Of The Craft Spirits Market?
A key propelling force for the growth of the craft spirits market is the rise in the number of craft distilleries. A craft distillery undertakes the process of distilling spirit using locally sourced ingredients, thus increasing the demand for the craft spirits market. As an example, in January 2024, the US-based magazine company Spirits Business reported a 6.9% rise in craft spirits sales in US, albeit at a slower rate than the previous year, as volume and value growth stabilised after the coronavirus pandemic. This rise in craft distilleries is hence contributing to the growth of the craft spirits market.
Which Are The Major Market Segments Of The Global Craft Spirits Market?
The craft spirits market report covers the following segments:
1) By Type: Whiskey, Gin, Vodka, Brandy, Rum, Other Types
2) By Distillery Capacity: Large Scale Producers, Medium Scale Producer, Small-Scale Producers
3) By Distribution Channel: Off-Trade Channel, On-Trade Channels
Grab your copy of this comprehensive report for an express delivery @
https://www.thebusinessresearchcompany.com/report/craft-spirits-global-market-report
Which Leading Companies Are Transforming The Craft Spirits Market?
The craft spirits market landscape is shaped by several major players such as House Spirits Distillery LLC, Rémy Cointreau Group, Rogue Ales & Spirits, William Grant & Sons Ltd., Constellation Brands Inc., Pernod Ricard SA, Diageo plc, Anchor Brewers & Distillers, Heaven Hill Brands, Suntory Holdings Limited, Bacardi Limited, Fifth Generation Inc. (Producer of Tito’s Handmade Vodka), Few Spirits, St. Augustine Distillery, Old Fourth Distillery, Coppersea Distilling, Balcones Distilling, New York Distilling Company, Tuthilltown Spirits, Finger Lakes Distilling, Black Button Distilling, Iron Smoke Distillery, Wigle Whiskey, New Holland Brewing & Distilling, Catoctin Creek Distilling Company, Dry Fly Distilling, Leopold Bros., Round Turn Distilling, Greenbar Distillery.
What Are The Emerging Trends In The Global Craft Spirits Market?
A growing number of significant investments are being made in the craft spirits market. For instance, in March 2022, Diageo India and United Spirits, both India-based beverage alcohol companies operating in the craft spirits market, invested $200 million and $31.50 million respectively in their craft spirits projects. Through these investments, the companies aim to solidify their stance in the market and enter the Indian provenance premium craft gin segment complemented by its world-class premium and luxury gin portfolio of Gordon’s and Tanqueray.
What Is The Regional Analysis Of The Global Craft Spirits Market?
In 2024, North America emerged as the largest region in the craft spirits market, closely followed by Asia-Pacific, which is projected to be the fastest-growing region in the forecast period. The report covers all major regions including Asia-Pacific, Western Europe, Eastern Europe, North America, South America, Middle East, and Africa.
What Does The Global Craft Spirits Market Report 2025 Offer?
Craft spirits, which are produced by a distillery using locally sourced ingredients and materials, range from fruit infusions to uniquely flavored spirits. These are derived from the innovations within the craft spirits culture. The Craft Spirits Market research report from The Business Research Company offers global market size, growth rate, regional shares, competitor analysis, detailed segments, trends, and opportunities.
Unlock exclusive market insights with this comprehensive report purchase @
https://www.thebusinessresearchcompany.com/purchaseoptions.aspx?id=7236
About The Business Research Company:
With over 15000+ reports from 27 industries covering 60+ geographies, The Business Research Company has built a reputation for offering comprehensive, data-rich research and insights. Armed with 1,500,000 datasets, the optimistic contribution of in-depth secondary research, and unique insights from industry leaders, you can get the information you need to stay ahead. Our flagship product, the Global Market Model, is a premier market intelligence platform delivering comprehensive and updated forecasts to support informed decision-making.
Contact Us:
The Business Research Company
Europe: +44 207 1930 708
Asia: +91 88972 63534
Americas: +1 315 623 0293
Email: [email protected]
Follow Us On:
LinkedIn: https://in.linkedin.com/company/the-business-research-company
Twitter: https://twitter.com/tbrc_info
Facebook: https://www.facebook.com/TheBusinessResearchCompany
YouTube: https://www.youtube.com/channel/UC24_fI0rV8cR5DxlCpgmyFQ
Blog: https://blog.tbrc.info/
Healthcare Blog: https://healthcareresearchreports.com/
Global Market Model: https://www.thebusinessresearchcompany.com/global-market-model
