Insight by Abdul Wasay, Chief Operating Officer at The Business Research Company
In response to fluctuating tariffs and geopolitical trade developments, the Craft Spirits Market Outlook 2025 analyses how businesses are adapting through supply chain diversification and strategic sourcing.
What Is the Projected Market Size of the Craft Spirits Industry in 2024 and 2025?
The Craft Spirits Global Market Report 2025 reveals that the market size has expanded significantly. The market is projected to grow from $37.71 billion in 2024 to $48.56 billion in 2025, with a Compound Annual Growth Rate (CAGR) of 28.8%.
What Is the Projected Market Size of the Craft Spirits Market in 2029?
The Craft Spirits Global Market Report forecasts that by 2029, the market size for craft spirits will expand to $124.23 billion, growing at a compound annual growth rate (CAGR) of 26.5%.
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What Are the Key Drivers of Craft Spirits Market Growth?
The key drivers in the craft spirits market are:
• The surge in digital marketing and e-commerce
• The rise of collaborations and partnerships in the sector
• Changes due to an aging global population
• Impacts from regulation and taxation adjustments within the industry
What Are the Primary Segmentation Categories in the Craft Spirits Market?
The craft spiritsmarket covered in this report is segmented –
1) By Type: Whiskey, Gin, Vodka, Brandy, Rum, Other Types
2) By Distillery Capacity: Large Scale Producers, Medium Scale Producer, Small-Scale Producers
3) By Distribution Channel: Off-Trade Channel, On-Trade Channels
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What Are the Major Trends Shaping the Craft Spirits Market in 2025 and Beyond?
The key trends in the craft spirits market are:
• The craft spirits market will experience a surge in low- and no-alcohol options.
• The market will also see a growing demand for regional and terroir-driven offerings.
• Innovative aging techniques will become a significant upcoming trend in the market.
• The growing popularity of ready-to-drink cocktails and non-traditional ingredients will shape the future of the market.
Who Are the Emerging Players in the Craft Spirits Market?
Major players in the craft spirits market are:
• House Spirits Distillery LLC
• Rémy Cointreau Group
• Rogue Ales & Spirits
• William Grant & Sons Ltd.
• Constellation Brands Inc.
• Pernod Ricard SA
• Diageo plc
• Anchor Brewers & Distillers
• Heaven Hill Brands
• Suntory Holdings Limited
• Bacardi Limited
• Fifth Generation Inc. (Producer of Tito's Handmade Vodka)
• 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
Which Regions Are Leading the Growth in the Global Craft Spirits Market?
North America was the largest region in the craft spirits market in 2024
