Craft Spirits Market Size, Share, and Outlook, 2025 Report- By Type (Whiskey, Vodka, Gin, Rum, Brandy, Liqueur, Others), Distiller size (Large, Medium, Small), Application (Commercial, Food Service industry, Residential, Others), and Companies, 2021-2032

Craft Spirits Market Outlook

The global Craft Spirits market is expected to register a growth rate of 23.9% during the forecast period from $34.6 Billion in 2024 to $192.2 Billion in 2032. The Craft Spirits market is a thriving business that is poised to keep growing and presents potential growth opportunities for companies across the industry value chain.

The comprehensive market research report presents 12-year historic and forecast data on Craft Spirits segments across 22 countries from 2021 to 2032. Key segments in the report include By Type(Whiskey, Vodka, Gin, Rum, Brandy, Liqueur, Others), Distiller size (Large, Medium, Small), Application (Commercial, Food Service industry, Residential, Others). Over 70 tables and charts showcase findings from our latest survey report on Craft Spirits markets.

Craft Spirits Market Insights, 2025

The craft spirits market is experiencing robust growth driven by consumer preference for authentic, artisanal, and locally-produced alcoholic beverages that offer unique flavor profiles and storytelling. This market segment encompasses small-scale distilleries producing whiskey, gin, rum, vodka, and other spirits with innovative ingredients and traditional methods. Increased interest in premiumization and experimentation has fueled demand for limited-edition releases, barrel-aged variants, and organic or sustainably sourced products. The rise of cocktail culture and home mixology further amplifies consumer engagement with craft spirits. Geographic expansion is notable, with North America and Europe leading, while emerging markets in Asia show increasing acceptance. Marketing strategies emphasize heritage, craftsmanship, and transparency, often supported by tourism and tasting experiences. The market also faces opportunities through digital sales channels and collaborations with hospitality sectors, securing its position as a vibrant, evolving category within the broader alcoholic beverage landscape.

Five Trends that will define global Craft Spirits market in 2025 and Beyond

A closer look at the multi-million global market for Craft Spirits identifies rapidly shifting consumer preferences across categories. By focusing on growth and resilience, leading Craft Spirits companies are prioritizing their investments across categories, markets, and geographies. The report analyses the most important market trends shaping the new landscape to support better decisions for the long and short-term future.

What are the biggest opportunities for growth in the Craft Spirits industry?

The Craft Spirits sector demonstrated remarkable resilience over the past year across developed and developing economies. Further, the market presents significant opportunities to leverage the existing momentum towards actions by 2030. On the other hand, recent macroeconomic developments including rising inflation and supply chain disruptions are putting pressure on companies. The chapter assists users to identify growth avenues and address business challenges to make informed commercial decisions with unique insights, data forecasts, and in-depth market analyses.

Craft Spirits Market Segment Insights

The Craft Spirits industry presents strong offers across categories. The analytical report offers forecasts of Craft Spirits industry performance across segments and countries. Key segments in the industry include- By Type(Whiskey, Vodka, Gin, Rum, Brandy, Liqueur, Others), Distiller size (Large, Medium, Small), Application (Commercial, Food Service industry, Residential, Others). The largest types, applications, and sales channels, fastest growing segments, and the key factors driving each of the categories are included in the report.

Forecasts of each segment across five regions are provided from 2021 through 2032 for Asia Pacific, North America, Europe, South America, Middle East, and African regions. In addition, Craft Spirits market size outlook is provided for 22 countries across these regions.

Market Value Chain

The chapter identifies potential companies and their operations across the global Craft Spirits industry ecosystem. It assists decision-makers in evaluating global Craft Spirits market fundamentals, market dynamics, and disruptive trends across the value chain segments.

Scenario Analysis and Forecasts

Strategic decision-making in the Craft Spirits industry is multi-faceted with the increased need for planning across scenarios. The report provides forecasts across three case scenarios- low growth, reference case, and high growth cases.

Asia Pacific Craft Spirits Market Analysis- A Promising Growth Arena for Business Expansion

As companies increasingly expand across promising Asia Pacific markets with a combined population of over 4.5 billion, the medium-to-long-term future remains robust. The presence of the fastest-growing economies such as China, India, Thailand, Indonesia, and Vietnam coupled with strengthening middle-class populations and rising disposable incomes drive the market. In particular, China and India are witnessing rapid shifts in consumer purchasing behavior. China is recovering steadily with optimistic forecasts for 2025. Further, Japanese and South Korean markets remain stable with most companies focusing on new product launches and diversification of sales channels.

The State of Europe Craft Spirits Industry 2025- Focus on Accelerating Competitiveness

As companies opt for an integrated agenda for competitiveness, the year 2025 presents optimistic scenarios for companies across the ecosystem. With signs of economic recovery across markets, companies are increasing their investments. Europe is one of the largest markets for Craft Spirits with demand from both Western Europe and Eastern European regions increasing over the medium to long-term future. Increasing omnichannel shopping amidst robust consumer demand for value purchases shapes the market outlook. The report analyses the key Craft Spirits market drivers and opportunities across Germany, France, the United Kingdom, Spain, Italy, Russia, and other Europe.

The US Craft Spirits market Insights- Executives are most excited about opportunities for the US Craft Spirits industry.

Easing inflation coupled with strengthening consumer sentiment is encouraging aggressive actions from the US Craft Spirits companies. Market players consistently focusing on innovation and pursuing new ways to create value are set to excel in 2025. In addition, the Canadian and Mexican markets offer lucrative growth pockets for manufacturers and vendors. Focus on private-brand offerings and promotions, diversified sales channels, expansion into niche segments, adoption of advanced technologies, and sustainability are widely observed across the North American Craft Spirits market.

Latin American Craft Spirits market outlook rebounds in line with economic growth.

Underlying demand remains higher among urban consumers with an optimistic economic outlook across Brazil, Argentina, Chile, and other South and Central American countries. Increased consumer spending has been reported since H2-2024 and the prospects remain strong for 2025. Aggressive ecosystem moves to create new sources of income are widely observed across markets in the region. Marketing activities focused on customer insights, operations, and support functions are quickly gaining business growth in the region.

Middle East and Africa Craft Spirits Markets- New Opportunities for Companies Harnessing Diversity

Rapid growth in burgeoning urban locations coupled with a young and fast-growing population base is attracting new investments in the Middle East and African Craft Spirits markets. Designing expansion and marketing strategies to cater to the local consumer base supports the market prospects. In addition to Nigeria, Algeria, South Africa, and other markets, steady growth markets in Ethiopia, Rwanda, Ghana, Tanzania, the Democratic Republic of Congo, and others present significant prospects for companies. On the other hand, Middle Eastern Craft Spirits markets including the UAE, Saudi Arabia, Qatar, and Oman continue to offer lucrative pockets of growth.

Competitive Landscape- How Craft Spirits companies outcompete in 2025?

The ability to respond quickly to evolving consumer preferences and adapt businesses to niche consumer segments remains a key growth factor. The report identifies the leading companies in the industry and provides their revenue for 2024. The market shares of each company are also included in the report. Further, business profiles, SWOT analysis, and financial analysis of each company are provided in detail. Key companies analyzed in the report include Pernod Ricard SA, Rémy Cointreau Group, Diageo plc, Anchor Brewers and Distillers (Sapporo Holdings), House Spirits Distillery, LLC, William Grant and Sons Ltd., Rogue Ales and Spirits, Copper Fox Distillery LLC, Chase Distillery Ltd., Constellation Brands, Inc., Woodinville Whiskey Company, Tuthilltown Spirits (William Grant and Sons).

Craft Spirits Market Scope

Leading Segments

By Type

Whiskey

Vodka

Gin

Rum

Brandy

Liqueur

Others

By Distiller size

Large

Medium

Small

By Application

Commercial

Food Service industry

Residential

Others

Leading Companies

Pernod Ricard SA

Rémy Cointreau Group

Diageo plc

Anchor Brewers and Distillers (Sapporo Holdings)

House Spirits Distillery, LLC

William Grant and Sons Ltd.

Rogue Ales and Spirits

Copper Fox Distillery LLC

Chase Distillery Ltd.

Constellation Brands, Inc.

Woodinville Whiskey Company

Tuthilltown Spirits (William Grant and Sons)

Geographies

North America- US, Canada, Mexico

Europe- Germany, France, UK, Spain, Italy, Nordics, BeNeLux, Others

Asia Pacific- China, India, Japan, South Korea, Australia, South East Asia, Others

Latin America- Brazil, Argentina, Others

Middle East and Africa- Saudi Arabia, UAE, Other Middle East, South Africa, Other Africa

Reasons to Buy the report

• Make informed decisions through long and short-term forecasts across 22 countries and segments.
• Evaluate market fundamentals, dynamics, and disrupting trends set to shape 2025 and beyond.
• Gain a clear understanding of the competitive landscape, with product portfolio and growth strategies.
• Get an integrated understanding of the entire market ecosystem and companies.
• Stay ahead of the competition through plans for growth in a changing environment for your geographic expansion.
• Assess the impact of advanced technologies and identify growth opportunities based on actionable data and insights.
• Get free Excel spreadsheet and PPT versions along with the report PDF.