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Craft Spirits Market Size, Share & Trends Analysis Report By Product (Whiskey, Vodka, Gin, Rum, Brandy, Liqueur, Others), By Distribution Channel (On-trade, Off-trade), By Region, And Segment Forecasts, 2023 - 2030

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    Report

  • 100 Pages
  • August 2023
  • Region: Global
  • Grand View Research
  • ID: 4429688
Description Jump to:
The global craft spirits market is expected to reach USD 124.56 billion by 2030. The market is anticipated to expand at a CAGR of 29.2% from 2023 to 2030. The whiskey craft spirit segment contributed a majority of the share to become the largest division in the global revenue in 2021. Increased disposable wealth among young customers, such as millennials, is expected to improve whiskey consumption during the forecast period. In addition, the increased usage of craft whiskey in cocktails is expected to boost the industry in the coming years.

Over the last few years, the market has shown strong responsiveness to customer expectations, as seen by the emergence of numerous craft whiskey goods. The on-trade segment is expected to register the largest market share of 58.7% in 2021. The primary distribution outlets are bars, taverns, and restaurants. Craft spirits manufacturers typically begin selling their products at high-end bars and restaurants before expanding into supermarkets and other retail outlets. The rise in popularity of the cocktail has bolstered on-trade sales all over the world. The cocktail experience has been prioritized by restaurants, bars, and pubs.

COVID-19 regulations have had a significant impact on craft distillers, according to the Distilled Spirits Council of the United States' 2020 report. The sales of on-site tasting rooms have been especially sensitive. Over half of those polled said it had a major influence on their tasting room sales. Approximately 40% of craft distillers reported a 25% or greater drop in on-site sales, with over 15% reporting that their tasting rooms were totally shut down.

Craft Spirits Market Report Highlights

  • North America is expected to contribute a majority of the share to become the largest division in the global revenue in 2022. The millennial population of the United States has been adopting and demanding such locally crafted spirits since each one offers something unique
  • The gin segment is projected to register the fastest growth during the forecast period with a CAGR of 31.0% from 2022 to 2030. During the pandemic, for example, UK's largest gin subscription service Craft Gin Club, increased its membership to nearly 100,000 people. Growing interest in the club's smaller, local distilleries is believed to have accounted for a major portion of the surge during lockdown
  • During the forecast period, the Off-trade segment is expected to grow the fastest. The rise of the off-trade segment has been spurred by the rising availability of drinks in supermarkets, liquor stores, and online retail outlets

Table of Contents

Chapter 1. Methodology and Scope
1.1. Market Segmentation & Scope
1.2. Market Definition
1.3. Information Procurement
1.3.1. Purchased Database
1.3.2. Internal Database
1.3.3. Secondary Sources & Third-Party Perspectives
1.3.4. Primary Research
1.4. Information Analysis
1.4.1. Data Analysis Models
1.5. Market Formulation & Data Visualization
1.6. Data Validation & Publishing
Chapter 2. Executive Summary
2.1. Market Outlook
2.2. Segmental Outlook
2.3. Regional Outlook
2.4. Competitive Outlook
Chapter 3. Craft Spirits Market Variables, Trends & Scope
3.1. Market Introduction
3.2. Industry Value Chain Analysis
3.2.1. Sales/Retail Channel Analysis
3.2.2. Profit Margin Analysis
3.3. Market Dynamics
3.3.1. Market Driver Analysis
3.3.2. Market Restraint Analysis
3.3.3. Industry Challenges
3.3.4. Industry Opportunities
3.4. Industry Analysis - Porter’s Five Forces Analysis
3.5. Market Entry Strategies
Chapter 4. Consumer Behavior Analysis
4.1. Demographic Analysis
4.2. Consumer Trends and Preferences
4.3. Factors Affecting Buying Decision
4.4. Consumer Product Adoption
4.5. Observations & Recommendations
Chapter 5. Craft Spirits Market: Type Estimates & Trend Analysis
5.1. Product Movement Analysis & Market Share, 2022 & 2030
5.2. Whiskey
5.2.1. Whiskey market estimates and forecast, 2017 - 2030 (USD Million; Thousand Gallons)
5.3. Vodka
5.3.1. Vodka market estimates and forecast, 2017 - 2030 (USD Million; Thousand Gallons)
5.4. Gin
5.4.1. Gin market estimates and forecast, 2017 - 2030 (USD Million; Thousand Gallons)
5.5. Rum
5.5.1. Rum market estimates and forecast, 2017 - 2030 (USD Million; Thousand Gallons)
5.6. Brandy
5.6.1. Brandy market estimates and forecast, 2017 - 2030 (USD Million; Thousand Gallons)
5.7. Liqueur
5.7.1. Liqueur market estimates and forecast, 2017 - 2030 (USD Million; Thousand Gallons)
5.8. Others
5.8.1. Other craft spirits market estimates and forecast, 2017 - 2030 (USD Million; Thousand Gallons)
Chapter 6. Craft Spirits Market: Distribution Channel Estimates & Trend Analysis
6.1. Distribution Channel Movement Analysis & Market Share, 2022 & 2030
6.2. On-Trade
6.2.1. Market estimates and forecast through on-trade, 2017 - 2030 (USD Million; Thousand Gallons)
6.3. Off-Trade
6.3.1. Market estimates and forecast through off-trade, 2017 - 2030 (USD Million; Thousand Gallons)
Chapter 7. Craft Spirits Market: Regional Estimates & Trend Analysis
7.1. Regional Movement Analysis & Market Share, 2022 & 2030
7.2. North America
7.2.1. Market estimates and forecast, 2017 - 2030 (USD Million; Thousand Gallons)
7.2.2. Market estimates and forecast, by type, 2017 - 2030 (USD Million; Thousand Gallons)
7.2.3. Market estimates and forecast, by distribution channel, 2017 - 2030 (USD Million; Thousand Gallons)
7.2.4. U.S.
7.2.4.1. Market estimates and forecast, 2017 - 2030 (USD Million; Thousand Gallons)
7.2.4.2. Market estimates and forecast, by type, 2017 - 2030 (USD Million; Thousand Gallons)
7.2.4.3. Market estimates and forecast, by distribution channel, 2017 - 2030 (USD Million; Thousand Gallons)
7.2.5. Canada
7.2.5.1. Market estimates and forecast, 2017 - 2030 (USD Million; Thousand Gallons)
7.2.5.2. Market estimates and forecast, by type, 2017 - 2030 (USD Million; Thousand Gallons)
7.2.5.3. Market estimates and forecast, by distribution channel, 2017 - 2030 (USD Million; Thousand Gallons)
7.2.6. Mexico
7.2.6.1. Market estimates and forecast, 2017 - 2030 (USD Million; Thousand Gallons)
7.2.6.2. Market estimates and forecast, by type, 2017 - 2030 (USD Million; Thousand Gallons)
7.2.6.3. Market estimates and forecast, by distribution channel, 2017 - 2030 (USD Million; Thousand Gallons)
7.3. Europe
7.3.1. Market estimates and forecast, 2017 - 2030 (USD Million; Thousand Gallons)
7.3.2. Market estimates and forecast, by type, 2017 - 2030 (USD Million; Thousand Gallons)
7.3.3. Market estimates and forecast, by distribution channel, 2017 - 2030 (USD Million; Thousand Gallons)
7.3.4. Germany
7.3.4.1. Market estimates and forecast, 2017 - 2030 (USD Million; Thousand Gallons)
7.3.4.2. Market estimates and forecast, by type, 2017 - 2030 (USD Million; Thousand Gallons)
7.3.4.3. Market estimates and forecast, by distribution channel, 2017 - 2030 (USD Million; Thousand Gallons)
7.3.5. U.K.
7.3.5.1. Market estimates and forecast, 2017 - 2030 (USD Million; Thousand Gallons)
7.3.5.2. Market estimates and forecast, by type, 2017 - 2030 (USD Million; Thousand Gallons)
7.3.5.3. Market estimates and forecast, by distribution channel, 2017 - 2030 (USD Million; Thousand Gallons)
7.3.6. France
7.3.6.1. Market estimates and forecast, 2017 - 2030 (USD Million; Thousand Gallons)
7.3.6.2. Market estimates and forecast, by type, 2017 - 2030 (USD Million; Thousand Gallons)
7.3.6.3. Market estimates and forecast, by distribution channel, 2017 - 2030 (USD Million; Thousand Gallons)
7.3.7. Italy
7.3.7.1. Market estimates and forecast, 2017 - 2030 (USD Million; Thousand Gallons)
7.3.7.2. Market estimates and forecast, by type, 2017 - 2030 (USD Million; Thousand Gallons)
7.3.7.3. Market estimates and forecast, by distribution channel, 2017 - 2030 (USD Million; Thousand Gallons)
7.3.8. Spain
7.3.8.1. Market estimates and forecast, 2017 - 2030 (USD Million; Thousand Gallons)
7.3.8.2. Market estimates and forecast, by type, 2017 - 2030 (USD Million; Thousand Gallons)
7.3.8.3. Market estimates and forecast, by distribution channel, 2017 - 2030 (USD Million; Thousand Gallons)
7.4. Asia Pacific
7.4.1. Market estimates and forecast, 2017 - 2030 (USD Million; Thousand Gallons)
7.4.2. Market estimates and forecast, by type, 2017 - 2030 (USD Million; Thousand Gallons)
7.4.3. Market estimates and forecast, by distribution channel, 2017 - 2030 (USD Million; Thousand Gallons)
7.4.4. China
7.4.4.1. Market estimates and forecast, 2017 - 2030 (USD Million; Thousand Gallons)
7.4.4.2. Market estimates and forecast, by type, 2017 - 2030 (USD Million; Thousand Gallons)
7.4.4.3. Market estimates and forecast, by distribution channel, 2017 - 2030 (USD Million; Thousand Gallons)
7.4.5. India
7.4.5.1. Market estimates and forecast, 2017 - 2030 (USD Million; Thousand Gallons)
7.4.5.2. Market estimates and forecast, by type, 2017 - 2030 (USD Million; Thousand Gallons)
7.4.5.3. Market estimates and forecast, by distribution channel, 2017 - 2030 (USD Million; Thousand Gallons)
7.4.6. Japan
7.4.6.1. Market estimates and forecast, 2017 - 2030 (USD Million; Thousand Gallons)
7.4.6.2. Market estimates and forecast, by type, 2017 - 2030 (USD Million; Thousand Gallons)
7.4.6.3. Market estimates and forecast, by distribution channel, 2017 - 2030 (USD Million; Thousand Gallons)
7.4.7. Australia & New Zealand
7.4.7.1. Market estimates and forecast, 2017 - 2030 (USD Million; Thousand Gallons)
7.4.7.2. Market estimates and forecast, by type, 2017 - 2030 (USD Million; Thousand Gallons)
7.4.7.3. Market estimates and forecast, by distribution channel, 2017 - 2030 (USD Million; Thousand Gallons)
7.4.8. South Korea
7.4.8.1. Market estimates and forecast, 2017 - 2030 (USD Million; Thousand Gallons)
7.4.8.2. Market estimates and forecast, by type, 2017 - 2030 (USD Million; Thousand Gallons)
7.4.8.3. Market estimates and forecast, by distribution channel, 2017 - 2030 (USD Million; Thousand Gallons)
7.5. Central & South America
7.5.1. Market estimates and forecast, 2017 - 2030 (USD Million; Thousand Gallons)
7.5.2. Market estimates and forecast, by type, 2017 - 2030 (USD Million; Thousand Gallons)
7.5.3. Market estimates and forecast, by distribution channel, 2017 - 2030 (USD Million; Thousand Gallons)
7.5.4. Brazil
7.5.4.1. Market estimates and forecast, 2017 - 2030 (USD Million; Thousand Gallons)
7.5.4.2. Market estimates and forecast, by type, 2017 - 2030 (USD Million; Thousand Gallons)
7.5.4.3. Market estimates and forecast, by distribution channel, 2017 - 2030 (USD Million; Thousand Gallons)
7.6. Middle East & Africa
7.6.1. Market estimates and forecast, 2017 - 2030 (USD Million; Thousand Gallons)
7.6.2. Market estimates and forecast, by type, 2017 - 2030 (USD Million; Thousand Gallons)
7.6.3. Market estimates and forecast, by distribution channel, 2017 - 2030 (USD Million; Thousand Gallons)
7.6.4. Saudi Arabia
7.6.4.1. Market estimates and forecast, 2017 - 2030 (USD Million; Thousand Gallons)
7.6.4.2. Market estimates and forecast, by type, 2017 - 2030 (USD Million; Thousand Gallons)
7.6.4.3. Market estimates and forecast, by distribution channel, 2017 - 2030 (USD Million; Thousand Gallons)
Chapter 8. Competitive Analysis
8.1. Recent Developments & Impact Analysis, by Key Market Participants
8.2. Company Categorization
8.3. Participant’s Overview
8.4. Financial Performance
8.5. Product Benchmarking
8.6. Company Market Share Analysis, 2022 (%)
8.7. Company Heat Map Analysis
8.8. Strategy mapping
8.9. List of Key Companies Analyzed in this Section Include:
8.9.1. Heaven Hill Distilleries, Inc.
8.9.2. Diageo plc
8.9.3. Pernod Ricard
8.9.4. Constellation Brands, Inc.
8.9.5. Suntory Holdings Limited
8.9.6. Bacardi Limited
8.9.7. Campari Group
8.9.8. Sazerac Company, Inc.
8.9.9. Highwood Distillers
8.9.10. Rogue Ales
List of Tables
Table 1. Craft spirits market - Driving factor market analysis
Table 2. Craft spirits market - Restraint factor market analysis
Table 3. Craft spirits market estimates & forecast, by type (USD Million)
Table 4. Craft spirits market estimates & forecast, by type (Thousand Gallons)
Table 5. Craft spirits market estimates & forecast, by distribution channel (USD Million)
Table 6. Craft spirits market estimates & forecast, by distribution channel (Thousand Gallons)
Table 7. U.S. macro-economic outlay
Table 8. Canada macro-economic outlay
Table 9. Mexico macro-economic outlay
Table 10. Germany macro-economic outlay
Table 11. U.K. macro-economic outlay
Table 12. France macro-economic outlay
Table 13. Italy macro-economic outlay
Table 14. Spain macro-economic outlay
Table 15. China macro-economic outlay
Table 16. India macro-economic outlay
Table 17. Japan macro-economic outlay
Table 18. Australia & New Zealand macro-economic outlay
Table 19. South Korea macro-economic outlay
Table 20. Brazil macro-economic outlay
Table 21. South Africa macro-economic outlay
Table 22. Recent developments & impact analysis, by key market participants
Table 23. Company market share, 2022 (Value % Share)
Table 24. Company heat map analysis, 2022
Table 25. Companies undergoing product launches
Table 26. Companies undergoing other strategies
List of Figures
Figure 1. Craft spirits market segmentation
Figure 2. Information procurement
Figure 3. Primary research pattern
Figure 4. Primary research approaches
Figure 5. Primary research process
Figure 6. Market snapshot
Figure 7. Segment snapshot
Figure 8. Regional snapshot
Figure 9. Competitive landscape snapshot
Figure 10. Craft spirits market estimate and forecasts, 2017 - 2030 (USD Million)
Figure 11. Craft spirits market estimate and forecasts, 2017 - 2030 (Thousand Gallons)
Figure 12. Craft spirits market: Value chain analysis
Figure 13. Craft spirits market: Profit margin analysis
Figure 14. Craft spirits market: Dynamics
Figure 15. Craft spirits market: Porter’s five forces analysis
Figure 16. Factors influencing buying decisions for craft spirits
Figure 17. Craft spirits market, by type: Key takeaways
Figure 18. Craft spirits market, by type: Market share, 2022 & 2030
Figure 19. Whiskey market estimates & forecasts, 2017 - 2030 (USD Million)
Figure 20. Whiskey market estimates & forecasts, 2017 - 2030 (Thousand Gallons)
Figure 21. Vodka market estimates & forecasts, 2017 - 2030 (USD Million)
Figure 22. Vodka market estimates & forecasts, 2017 - 2030 (Thousand Gallons)
Figure 23. Gin market estimates & forecasts, 2017 - 2030 (USD Million)
Figure 24. Gin market estimates & forecasts, 2017 - 2030 (Thousand Gallons)
Figure 25. Rum market estimates & forecasts, 2017 - 2030 (USD Million)
Figure 26. Rum market estimates & forecasts, 2017 - 2030 (Thousand Gallons)
Figure 27. Brandy market estimates & forecasts, 2017 - 2030 (USD Million)
Figure 28. Brandy market estimates & forecasts, 2017 - 2030 (Thousand Gallons)
Figure 29. Liqueur market estimates & forecasts, 2017 - 2030 (USD Million)
Figure 30. Liqueur market estimates & forecasts, 2017 - 2030 (Thousand Gallons)
Figure 31. Other craft spirits market estimates & forecasts, 2017 - 2030 (USD Million)
Figure 32. Other craft spirits market estimates & forecasts, 2017 - 2030 (Thousand Gallons)
Figure 33. Craft spirits market, by distribution channel: Key takeaways
Figure 34. Craft spirits market, by distribution channel: Market share, 2022 & 2030
Figure 35. Craft spirits market estimates & forecasts through on-trade, 2017 - 2030 (USD Million)
Figure 36. Craft spirits market estimates & forecasts through on-trade, 2017 - 2030 (Thousand Gallons)
Figure 37. Craft spirits market estimates & forecasts through off-trade, 2017 - 2030 (USD Million)
Figure 38. Craft spirits market estimates & forecasts through off-trade, 2017 - 2030 (Thousand Gallons)
Figure 39. Regional marketplace: Key takeaways
Figure 40. North America craft spirits market estimates and forecast, 2017 - 2030 (USD Million)
Figure 41. North America craft spirits market estimates and forecast, 2017 - 2030 (Thousand Gallons)
Figure 42. U.S. craft spirits market estimates and forecast, 2017 - 2030 (USD Million)
Figure 43. U.S. craft spirits market estimates and forecast, 2017 - 2030 (Thousand Gallons)
Figure 44. Canada craft spirits market estimates and forecast, 2017 - 2030 (USD Million)
Figure 45. Canada craft spirits market estimates and forecast, 2017 - 2030 (Thousand Gallons)
Figure 46. Mexico craft spirits market estimates and forecast, 2017 - 2030 (USD Million)
Figure 47. Mexico craft spirits market estimates and forecast, 2017 - 2030 (Thousand Gallons)
Figure 48. Europe craft spirits market estimates and forecast, 2017 - 2030 (USD Million)
Figure 49. Europe craft spirits market estimates and forecast, 2017 - 2030 (Thousand Gallons)
Figure 50. Germany craft spirits market estimates and forecast, 2017 - 2030 (USD Million)
Figure 51. Germany craft spirits market estimates and forecast, 2017 - 2030 (Thousand Gallons)
Figure 52. U.K. craft spirits market estimates and forecast, 2017 - 2030 (USD Million)
Figure 53. U.K. craft spirits market estimates and forecast, 2017 - 2030 (Thousand Gallons)
Figure 54. France craft spirits market estimates and forecast, 2017 - 2030 (USD Million)
Figure 55. France craft spirits market estimates and forecast, 2017 - 2030 (Thousand Gallons)
Figure 56. Italy craft spirits market estimates and forecast, 2017 - 2030 (USD Million)
Figure 57. Italy craft spirits market estimates and forecast, 2017 - 2030 (Thousand Gallons)
Figure 58. Spain craft spirits market estimates and forecast, 2017 - 2030 (USD Million)
Figure 59. Spain craft spirits market estimates and forecast, 2017 - 2030 (Thousand Gallons)
Figure 60. Asia Pacific craft spirits market estimates and forecast, 2017 - 2030 (USD Million)
Figure 61. Asia Pacific craft spirits market estimates and forecast, 2017 - 2030 (Thousand Gallons)
Figure 62. China craft spirits market estimates and forecast, 2017 - 2030 (USD Million)
Figure 63. China craft spirits market estimates and forecast, 2017 - 2030 (Thousand Gallons)
Figure 64. India craft spirits market estimates and forecast, 2017 - 2030 (USD Million)
Figure 65. India craft spirits market estimates and forecast, 2017 - 2030 (Thousand Gallons)
Figure 66. Japan craft spirits market estimates and forecast, 2017 - 2030 (USD Million)
Figure 67. Japan craft spirits market estimates and forecast, 2017 - 2030 (Thousand Gallons)
Figure 68. Australia & New Zealand craft spirits market estimates and forecast, 2017 - 2030 (USD Million)
Figure 69. Australia & New Zealand craft spirits market estimates and forecast, 2017 - 2030 (Thousand Gallons)
Figure 70. South Korea craft spirits market estimates and forecast, 2017 - 2030 (USD Million)
Figure 71. South Korea craft spirits market estimates and forecast, 2017 - 2030 (Thousand Gallons)
Figure 72. Central & South America craft spirits market estimates and forecast, 2017 - 2030 (USD Million)
Figure 73. Central & South America craft spirits market estimates and forecast, 2017 - 2030 (Thousand Gallons)
Figure 74. Brazil craft spirits market estimates and forecast, 2017 - 2030 (USD Million)
Figure 75. Brazil craft spirits market estimates and forecast, 2017 - 2030 (Thousand Gallons)
Figure 76. Middle East & Africa craft spirits market estimates and forecast, 2017 - 2030 (USD Million)
Figure 77. Middle East & Africa craft spirits market estimates and forecast, 2017 - 2030 (Thousand Gallons)
Figure 78. South Africa craft spirits market estimates and forecast, 2017 - 2030 (USD Million)
Figure 79. South Africa craft spirits market estimates and forecast, 2017 - 2030 (Thousand Gallons)
Figure 80. Company market share analysis, 2022
Figure 81. Strategic framework of craft spirits market

Companies Mentioned

  • Heaven Hill Distilleries, Inc.
  • Diageo plc
  • Pernod Ricard
  • Constellation Brands, Inc.
  • Suntory Holdings Limited
  • Bacardi Limited
  • Campari Group
  • Sazerac Company, Inc.
  • Highwood Distillers
  • Rogue Ales

Methodology

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Table Information

Report AttributeDetails
No. of Pages100
PublishedAugust 2023
Forecast Period2022 - 2030
Estimated Market Value ( USD ) in 2022 $ 16.02 Billion
Forecasted Market Value ( USD ) by 2030 $ 124.56 Billion
Compound Annual Growth Rate29.2%
Regions CoveredGlobal
No. of Companies Mentioned10

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