Craft Spirits Market Size, Share and Global Analysis 2031
Precision Business Insights has published a report on the global craft spirits market, estimating its value at USD 22.6 billion in 2024 and is expected to expand at a compound annual growth rate (CAGR) of 28.4% over the forecast period 2025-2031. The report explores the market growth and potential opportunities in the market industry. Additionally, it offers a detailed analysis of how these elements will affect market demand dynamics and market performance throughout the forecast period.
View the detailed report description here - https://www.precisionbusinessinsights.com/market-reports/craft-spirits-market
Market Definition:
The global industry devoted to creating and marketing small-batch, artisanal alcoholic beverages—usually produced by independent distilleries employing traditional processes and unique ingredients—is known as the Craft Spirits Market.
Drivers:
1) Rise in cocktail culture.
2) Expansion of direct-to and e-commerce.
The global craft spirits market segmentation:
1) By Product Type: Whiskey, Vodka, Gin, Rum, Brandy, and Others.
2) By Distiller: Large, Medium, Micro.
3) By Distribution Channel: On-Trade Channel, and Off-Trade Channel.
Regional Overview:
The report also examines the current concerns and their Future Effects on the craft spirits market by the region. The report covers all regions and countries, North America was the largest and Asia was the fastest-growing region in the craft spirits market. The market has been segmented into numerous primary regions and a detailed evaluation of primary countries.
· North America (U.S., Canada)
· Europe (Germany, U.K., France, Italy, Russia, Spain, Rest of Europe)
· Asia-Pacific (China, India, Japan, Australia, Southeast Asia, Rest of Asia Pacific)
· Latin America (Mexico, Brazil, Argentina, Columbia, Rest of Latin America)
· Middle East & Africa (GCC, Egypt, Nigeria, South Africa, Rest of Middle East and Africa)
The competitive landscape is dominated by major players like Anchor Brewers & Distiller, Asheville Distilling Company, Bacardi, Chase Distillery Ltd., Constellation Brands, Diageo Plc, Distell, East London Liquor Company, House Spirits, Pernod Ricard, Sibling Distillery, William Grant & Sons, Woodinville Whiskey.
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