Craft Spirits Market by Product and Geography - Forecast and Analysis 2021-2025

  • Published: Jul 2021
  • Pages: 120
  • SKU: IRTNTR44207

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The craft spirits market has the potential to grow by USD 36.82 billion during 2021-2025, and the market’s growth momentum will accelerate at a CAGR of 22.56%.

This craft spirits market analysis report entails exhaustive statistical qualitative and quantitative data on product (craft gin, craft whiskey, and other craft spirits) and geography (North America, Europe, APAC, South America, and MEA) and their contribution to the target market. View our sample report to gather market insights on the segmentations. Furthermore, with the latest key findings on the post COVID-19 impact on the market, available in this report, you can create successful business strategies to generate new sales opportunities.

What will the Craft Spirits Market Size be in 2021?

Craft Spirits Market Size

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Craft Spirits Market: Key Drivers and Trends

According to our research output, there has been a neutral impact on the market growth post COVID-19 era. Key drivers such as the growing demand for craft spirits are notably supporting the craft spirits market growth. On the other hand, factors such as fluctuations in raw material prices have been identified as market challenges that limit the growth of market vendors. This report offers detailed insights on the challenges to stay prepared for the obstacles in the future, which will help companies analyze and develop growth strategies.

This post-pandemic craft spirits market report has assessed the shift in consumer behavior and identified trends and drivers that will help market players outmaneuver challenges. Technology innovations, implementation, and improvisation scope identified in the craft spirits market trends is essential for building new business opportunities across segmentations and geographies.

Who are the Major Craft Spirits Market Vendors?

The craft spirits market forecast report provides insights on complete key vendor profiles and their business strategies to reimage themselves. The profiles covered in the report are as follows:


  • Bacardi Ltd.
  • Beam Suntory Inc.
  • Black Button Distilling
  • Constellation Brands Inc.
  • Diageo Plc
  • Distell Group Ltd.
  • Durham Distillery
  • House Spirits Distillery
  • Montanya Distillers
  • Pernod Ricard SA


From our Porter’s five forces analysis study, get detailed insights on the functional involvement of the buyers and suppliers to form well-rounded knowledge about the supply chain and create cost reduction plans. The craft spirits market analysis report also contains exhaustive observations on the organic and inorganic growth strategies deployed by the vendors. Click here to uncover details of successful business strategies adopted by the vendors.

Furthermore, our research experts have outlined the magnitude of the economic impact on each segment and recovery expectations post-pandemic. To recover from post COVID-19 impact, market vendors should create strategies to grab business opportunities from the fast-growing segments, while refining their scope of growth in the slow-growing ones.

For insights on complete key vendor profiles, download a free sample of the craft spirits market forecast report. The profiles include information on the production, sustainability, and prospects of the leading companies. The report's vendor landscape section also provides industry risk assessment in terms of labor cost, raw material price fluctuation, and other parameters, which is crucial for effective business planning.

Which are the Key Regions for Craft Spirits Market?

Craft Spirits Market Share by Geography

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The US is the key market for craft spirits market in North America. Learn about the key, emerging, and untapped markets from our craft spirits market size, share, & trends analysis report for targeting your business efforts toward promising growth regions. 42% of the market’s growth will originate from North America during the forecast period.

The report offers an up-to-date analysis of the geographical composition of the market. North America has been recording a significant growth rate and is expected to offer several growth opportunities to market vendors during the forecast period. Increasing number of craft distilleries will facilitate the craft spirits market growth in North America over the forecast period. To garner further competitive intelligence and regional opportunities in store for vendors, view our sample report.

What are the Revenue-generating Product Segments in the Craft Spirits Market?

Craft Spirits Market Share by Product

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The craft spirits market report provides a comprehensive understanding of the subsets of our target market to earmark niche customer groups and simplify demographic requirements. In addition, the report provides insights on the impact of the unprecedented outbreak of COVID-19 on market segments. Through these insights, you can safely deduce transformation patterns in consumer behavior, which is crucial to gauge segment-wise revenue growth during 2021-2025 and embrace technologies to improve business efficiency. The craft spirits market share growth by the craft gin segment has been significant and is expected to provide significant growth opportunities to market vendors.

This report provides an accurate prediction of the contribution of all the segments to the growth of the craft spirits market size. Request for a free sample of the report to get an exclusive glimpse of actionable market insights on post COVID-19 impact on each segment.



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What are the Key Factors Covered in this Craft Spirits Market Report?

  • CAGR of the market during the forecast period 2021-2025
  • Detailed information on factors that will drive craft spirits market growth during the next five years
  • Precise estimation of the craft spirits market size and its contribution to the parent market
  • Accurate predictions on upcoming trends and changes in consumer behavior
  • The growth of the craft spirits market across North America, Europe, APAC, South America, and MEA 
  • A thorough analysis of the market’s competitive landscape and detailed information on vendors
  • Comprehensive details of factors that will challenge the growth of craft spirits market vendors

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Craft Spirits Market Scope

Report Coverage


Page number


Base year


Forecast period


Growth momentum & CAGR

Accelerate at a CAGR of 23%

Market growth 2021-2025

$ 36.82 billion

Market structure


YoY growth (%)


Regional analysis

North America, Europe, APAC, South America, and MEA

Performing market contribution

North America at 42%

Key consumer countries

US, Poland, Czech Republic, Germany, and China

Competitive landscape

Leading companies, competitive strategies, consumer engagement scope

Companies profiled

Bacardi Ltd., Beam Suntory Inc., Black Button Distilling, Constellation Brands Inc., Diageo Plc, Distell Group Ltd., Durham Distillery, House Spirits Distillery, Montanya Distillers, and Pernod Ricard SA

Market Dynamics

Parent market analysis, Market growth inducers and obstacles, Fast-growing and slow-growing segment analysis, COVID 19 impact and future consumer dynamics, market condition analysis for forecast period,

Customization purview

If our report has not included the data that you are looking for, you can reach out to our analysts and get segments customized.

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Executive Summary

    Market Landscape

    • Market ecosystem
    • Value chain analysis

    Market Sizing

    • Market definition
    • Market segment analysis
    • Market size 2020
    • Market outlook: Forecast for 2020 - 2025

    Five Forces Analysis

    • Bargaining power of buyers
    • Bargaining power of suppliers
    • Threat of new entrants
    • Threat of substitutes
    • Threat of rivalry
    • Market condition

    Market Segmentation by Product

    • Market segments
    • Comparison by Product
    • Craft gin - Market size and forecast 2020-2025
    • Craft whiskey - Market size and forecast 2020-2025
    • Other craft spirits - Market size and forecast 2020-2025
    • Market opportunity by Product

    Customer landscape

    • Overview

    Geographic Landscape

    • Geographic segmentation
    • Geographic comparison
    • North America - Market size and forecast 2020-2025
    • Europe - Market size and forecast 2020-2025
    • APAC - Market size and forecast 2020-2025
    • South America - Market size and forecast 2020-2025
    • MEA - Market size and forecast 2020-2025
    • Key leading countries
    • Market opportunity by geography
    • Market drivers
    • Market challenges
    • Market trends

    Vendor Landscape

    • Overview
    • Landscape disruption

    Vendor Analysis

    • Vendors covered
    • Market positioning of vendors
    • Bacardi Ltd.
    • Beam Suntory Inc.
    • Black Button Distilling
    • Constellation Brands Inc.
    • Diageo Plc
    • Distell Group Ltd.
    • Durham Distillery
    • House Spirits Distillery
    • Montanya Distillers
    • Pernod Ricard SA


    • Scope of the report
    • Currency conversion rates for US$
    • Research methodology
    • List of abbreviations

    Research Framework

    Technavio presents a detailed picture of the market by way of study, synthesis, and summation of data from multiple sources. The analysts have presented the various facets of the market with a particular focus on identifying the key industry influencers. The data thus presented is comprehensive, reliable, and the result of extensive research, both primary and secondary.


    Primary sources

    • Manufacturers and suppliers
    • Channel partners
    • Industry experts
    • Strategic decision makers

    Secondary sources

    • Industry journals and periodicals
    • Government data
    • Financial reports of key industry players
    • Historical data
    • Press releases

    TechnavioDATA ANALYSIS

    Data Synthesis

    • Collation of data
    • Estimation of key figures
    • Analysis of derived insights

    Data Validation

    • Triangulation with data models
    • Reference against proprietary databases
    • Corroboration with industry experts



    • Market drivers
    • Market challenges
    • Market trends
    • Five forces analysis


    • Market size and forecast
    • Market segmentation
    • Geographical insights
    • Competitive landscape
    Interested in this report?
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    The craft spirits market growth will increase by $25342.38 million during 2019-2024.
    The craft spirits market is expected to grow at a CAGR of 18.97% during 2019-2024.
    Technavio has segmented the craft spirits market by product (Craft gin, Craft whiskey, and Other craft spirits) and geographic (North America, Europe, APAC, South America, and MEA).
    Bacardi Ltd., Beam Suntory Inc., Black Button Distilling, Constellation Brands Inc., Diageo Plc, Distell Group Ltd., Durham Distillery, House Spirits Distillery, Montanya Distillers, Pernod Ricard SA are a few of the key vendors in the craft spirits market.
    North America will register the highest growth rate of 40.69% among the other regions. Therefore, the craft spirits market in North America is expected to garner significant business opportunities for the vendors during the forecast period.
    • US
    • Poland
    • Czech Republic
    • Germany
    • China
    The key factors driving the craft spirits market growth are:
    • Growing demand for craft spirits
    The craft spirits market vendors should focus on grabbing business opportunities from the craft gin segment as it accounted for the largest market share in the base year.
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