Craft Spirits Market Report 2026

The craft spirits market size has grown exponentially in recent years. It will grow from $48.56 billion in 2025 to $61.55 billion in 2026 at a compound annual growth rate (CAGR) of 26.8%. The growth in the historic period can be attributed to rising consumer interest in premium alcoholic beverages, growth of independent distilleries, expansion of on-trade craft spirit consumption, increasing acceptance of experimental flavors, supportive regional licensing environments.

The craft spirits market size is expected to see exponential growth in the next few years. It will grow to $156.06 billion in 2030 at a compound annual growth rate (CAGR) of 26.2%. The growth in the forecast period can be attributed to growing demand for premium and artisanal spirits, expansion of direct-to-consumer sales channels, increasing focus on sustainable distilling practices, rising exports of craft spirits, growing experiential retail and tasting formats. Major trends in the forecast period include growing preference for locally sourced ingredients, expansion of small-batch distillation practices, rising demand for unique flavor profiles, increasing premiumization of craft spirits, stronger focus on brand storytelling and experiential marketing.

The rise in alcohol consumption is expected to drive the growth of the craft spirits market in the coming years. Alcohol consumption refers to the intake of beverages containing ethanol, a psychoactive substance present in different types of alcoholic drinks. The expansion of the craft spirits market is closely associated with changing consumer preferences and trends within the alcohol consumption landscape. As consumers increasingly seek distinctive, authentic, and premium-quality alcoholic beverages, craft distillers are well positioned to grow and increase their market presence. For example, in November 2025, according to the Organisation for Economic Co-operation and Development (OECD), a France-based non-profit organization, per capita annual alcohol consumption across OECD countries averaged 8.5 liters of pure alcohol in 2023. In addition, during the same year, an average of 27% of individuals aged 15 and above reported engaging in heavy episodic drinking at least once a month across the 27 OECD countries. Consequently, the increasing level of alcohol consumption is contributing to the growth of the craft spirits market.

Major companies operating in the craft spirits market are focusing on innovation by introducing special and exclusive spirit offerings to enhance profitability. Special and exclusive craft spirits are distinctive and limited-production alcoholic beverages made in small batches by independent distilleries. For instance, in June 2024, Radico Khaitan Ltd., an India-based alcohol manufacturing company, introduced Jaisalmer Indian Craft Gin Gold Edition. This premium spirit is designed for discerning consumers and is infused with saffron, one of the world’s most valuable spices, and filtered through gold to achieve enhanced smoothness and purity. Crafted using 18 carefully selected botanicals, the product delivers a refined and complex flavor profile.

In June 2024, Nyetimber Wines & Spirits Group, a UK-based sparkling wine and spirits company, acquired The Lakes Distillery Company for approximately US$0.093 billion (£71 million). Through this acquisition, Nyetimber aims to expand its craft spirits portfolio by incorporating The Lakes Distillery’s expertise in small-batch production and its established brand portfolio, thereby strengthening its presence in premium whisky, gin, and vodka categories. The Lakes Distillery Company is a UK-based producer of craft whisky, gin, and vodka.

Major companies operating in the craft spirits market are House Spirits Distillery LLC, Rogue Ales & Spirits, Anchor Brewers & Distillers, 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.

North America was the largest region in the craft spirits market in 2025. Asia-Pacific is expected to be the fastest-growing region in the forecast period. The regions covered in the craft spirits market report are Asia-Pacific, South East Asia, Western Europe, Eastern Europe, North America, South America, Middle East and Africa. The countries covered in the craft spirits market report are Australia, Brazil, China, France, Germany, India, Indonesia, Japan, Taiwan, Russia, South Korea, UK, USA, Italy, Spain, Canada.

The craft spirits market consists of sales of gin, tequila, whiskey, rum and vodkas. Values in this market are ‘factory gate’ values, that is the value of goods sold by the manufacturers or creators of the goods, whether to other entities (including downstream manufacturers, wholesalers, distributors and retailers) or directly to end customers. The value of goods in this market includes related services sold by the creators of the goods.

The market value is defined as the revenues that enterprises gain from the sale of goods and/or services within the specified market and geography through sales, grants, or donations in terms of the currency (in USD unless otherwise specified).

The revenues for a specified geography are consumption values that are revenues generated by organizations in the specified geography within the market, irrespective of where they are produced. It does not include revenues from resales along the supply chain, either further along the supply chain or as part of other products.

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