Craft Spirits Market - Growth, Trends, COVID-19 Impact, and Forecasts (2022 - 2027)

The Craft Spirits Market is segmented by Type (Whiskey, Gin, Vodka, Brandy, Rum, and Other Types), by Distribution Channel (On-trade Channel, and Off-trade Channel), and by Geography.

Market Snapshot

Global Craft Spirits Market
Study Period: 2016 - 2026
Base Year: 2021
Fastest Growing Market: Asia Pacific
Largest Market: North America
CAGR: 18.87 %

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Market Overview

The craft spirits market is projected to grow, witnessing a CAGR of 18.87% during the forecast period (2020-2025).

  • Due to increased consolidation activities in the industry, the demand for large distillers is expected to grow over the period. Market players use large distillers to produce alcohol because they reduce the production costs which are expected to drive the market in turn over the forecast period. Craft spirits distillation, having learned from the beer industry seeks to increase its capabilities and budgets at a controlled rate. This is expected to be a key trend in the craft spirits market in the coming years.
  • Whiskey, followed by gin, vodka, and rum, is expected to be the most well-known array of craft spirits. This could be due to the unique texture, flavor, and taste of juniper berries, Gin has gained large consumer acceptance.

Scope of the Report

The scope of the craft spirits market includes segmentation of the market on the basis of type, distribution channel, and geography. On the basis of type, the market is segmented under Whiskey, Gin, Vodka, Rum, Brandy, Rum, and other types. Further segmentation of the market is done by distribution channel under on-trade channel, and off-trade channel. Lastly, the report outlines the insights of the market on the basis of geography of all the global regions, including North America, Europe, Asia-Pacific, South America, and Middle-East and Africa.

By Application
Other Types
Distribution Channel
On-trade Channel
Off-trade Channel
By Geography
North America
United States
Rest of North America
United Kingdom
Rest of Europe
Rest of Asia-Pacific
South America
Rest of South America
Middle-East and Africa
South Africa
United Arab Emirates
Rest of Middle-East and Africa

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Key Market Trends

Increasing Number of Craft Spirit Distilleries

An increasing number of consumers globally are looking for new, more exciting offerings compared to their usual spirit options thus, pushing the revenue generation in the craft spirits market. The craft spirits market is increasingly being benefitted by the growing number of craft spirit distilleries. For example, according to the American Craft Spirit Association, in 2018, the number of active craft distilleries in the United States grew by 15.5% to 1,835 distilleries. Of those, 128 were duplicate or multiple locations of single suppliers, 35 were leading suppliers, 101 were bottlers, 324 were not in operation or non-craft, and 318 were still in planning. Active craft distillers are, “licensed distilled spirits producers in the United States that removed 750,000 proof gallons or less from the bond, market themselves as craft, are not openly controlled by a large supplier and have no proven violation of the ACSA Code of Ethics. ​


North America Region Leading the Global Market

North American countries, especially the United States, hold the largest share owing to the growing demand for craft spirits among the consumers and the rising number of craft distilleries around the region with frequent product launches. Also, the rising number of craft distillers in the region further along with rising demand for ethnic premium, super-premium spirits, which include the craft and artisanal varieties, has increased among consumers, prompting several countries to import the same has further fueled the craft spirits market growth in the region. Furthermore, the Asia-Pacific region is likely to register the fastest growth rate as a dense millennial population in China is anticipated to boost the Asia-Pacific craft spirits market in the coming years.


Competitive Landscape

Leading vendors operating in the craft spirits market include Rémy Cointreau, William Grant & Sons, Pernod Ricard, Anchor Brewers & Distillers, Diageo PLC, and Rogue Ales. The continuous launch of new, unique products is expected to tip the scales in favor of the vendors in the craft spirits market in the coming years.

Table of Contents


    1. 1.1 Study Deliverables

    2. 1.2 Study Assumptions

    3. 1.3 Scope of the Study




    1. 4.1 Market Drivers

    2. 4.2 Market Restraints

    3. 4.3 Porter's Five Force Analysis

      1. 4.3.1 Threat of New Entrants

      2. 4.3.2 Bargaining Power of Buyers/Consumers

      3. 4.3.3 Bargaining Power of Suppliers

      4. 4.3.4 Threat of Substitute Products

      5. 4.3.5 Intensity of Competitive Rivalry


    1. 5.1 By Application

      1. 5.1.1 Type

        1. Whiskey

        2. Gin

        3. Vodka

        4. Brandy

        5. Rum

        6. Other Types

      2. 5.1.2 Distribution Channel

        1. On-trade Channel

        2. Off-trade Channel

    2. 5.2 By Geography

      1. 5.2.1 North America

        1. United States

        2. Canada

        3. Mexico

        4. Rest of North America

      2. 5.2.2 Europe

        1. United Kingdom

        2. Germany

        3. France

        4. Italy

        5. Spain

        6. Russia

        7. Rest of Europe

      3. 5.2.3 Asia-Pacific

        1. China

        2. Japan

        3. India

        4. Australia

        5. Rest of Asia-Pacific

      4. 5.2.4 South America

        1. Brazil

        2. Colombia

        3. Rest of South America

      5. 5.2.5 Middle-East and Africa

        1. South Africa

        2. United Arab Emirates

        3. Rest of Middle-East and Africa


    1. 6.1 Most Active Companies

    2. 6.2 Most Adopted Strategies

    3. 6.3 Market Share Analysis

    4. 6.4 Company Profiles

      1. 6.4.1 Pernod Ricard

      2. 6.4.2 Rémy Cointreau

      3. 6.4.3 Diageo Plc

      4. 6.4.4 Anchor Brewers & Distillers

      5. 6.4.5 House Spirits Distillery

      6. 6.4.6 William Grant & Sons Ltd

      7. 6.4.7 Rogue Ales

    5. *List Not Exhaustive

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Frequently Asked Questions

The Craft Spirits Market market is studied from 2016 - 2026.

The Craft Spirits Market is growing at a CAGR of 18.87% over the next 5 years.

Asia Pacific is growing at the highest CAGR over 2021- 2026.

North America holds highest share in 2020.

Pernod Ricard, Rémy Cointreau, Diageo Plc, William Grant & Sons Ltd. , Rogue Ales are the major companies operating in Craft Spirits Market.

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