Craft Spirits Market Analysis By Distiller Size (Large, Medium, Small), By Product (Whiskey, Vodka, Gin, Rum, Brandy, Liqueur), By Region (North America, Europe, Asia Pacific, South America, MEA), And Segment Forecasts, 2014 - 2025

Published: Oct, 2017 | Pages: 95 | Publisher: Grand View Research
Industry: Food | Report Format: Electronic (PDF)

The global craft spirits market is expected to reach USD 80.43 billion by 2025, according to a new report by Grand View Research, Inc. The demand for craft spirits is mainly driven by consumers growing a preference for premium and authentic drinks with unique tastes. People born between 1980s and early 2000s have accounted for the largest share of consumers in the industry.

A major share of the millennial population has just reached the Legal Drinking Age (LDA), while the other section comprises employed consumers with significantly higher purchasing power. The millennial population segment has fueled significant demand, owing to their preference for unconventional and experimental alcoholic beverages.

Whiskey was the most consumed variety of the craft spirits, followed by gin, vodka, and rum. Gin has gained wide consumer acceptance owing to its unique taste and flavor developed by juniper berries. The craft distillers focus on the use of different spices, fruits, herbs, and botanicals to produce innovative products. They procure raw materials from family-owned farming houses who have strong experience in producing grains and fruits.

The industry is mainly concentrated in North America, owing to sizeable demand in the U.S. Europe has been the second-largest market for the product over the past few years. The economically developing countries in Asia Pacific, Central & South America, and the Middle East & Africa are expected to gain traction over the forecast period. The industry in these countries is not entirely explored and thus offer huge growth opportunities for players.

Further Key Findings From the Report Suggest:

• The global craft spirits market was valued at USD 6.13 billion in 2016 and is expected to grow at an impressive CAGR of 33.4% from 2017 to 2025, owing to growing consumer tastes and preferences towards unconventional and experimental alcoholic beverages

• Craft spirits are produced by licensed and independent distillers who produce alcohol of a volume less than 750,000 proof gallon

• Large distilleries are expected to dominate the industry over the forecast period, accounting for around 59.7% share of the industry volume by 2025. The shares of medium and small distilleries are expected to decline over the next few years, with large players focusing on acquisitions to strengthen their competitive positions

• Whiskey was the largest product segment of the global industry, owing to surging demand for flavored products formulated using ingredients such as whole spices and herbs

• Gin is anticipated to be the fastest-growing product segment of the market over the forecast period, owing to augmented use of the products in cocktails

• North America dominated the global industry, accounting for around 53% share of the total revenue in 2016. Consumers who have just reached above the Legal Drinking Age (LDA) have played the key role in driving the product demand in North America.

• Asia Pacific is expected create lucrative opportunities for distillers owing to tremendous potential in countries such as China, India, Thailand, Indonesia, Malaysia, South Korea, Australia, and Japan

• China accounted for the largest share of the Asia Pacific industry in 2016, due to growing millennial population in the country. The share of China is expected to increase at a significant rate with increased consumer spending on recreational activities such as eating and drinking out.

• Key players include Pernod Ricard, Diageo plc, Rémy Cointreau, Anchor Brewers & Distillers, Rogue Ales, and William Grant & Sons. The market is likely to move towards consolidation, owing to entrance of established players in the market through acquisitions.

 Table of Contents

Chapter 1. Methodology and Scope
                  1.1. Research methodology
                  1.2. Research scope & assumptions
                  1.3. List of data sources
                  1.4. List of abbreviations
Chapter 2. Executive Summary
                  2.1. Market snapshot
Chapter 3. Craft Spirits Market Variables, Trends &Scope
                  3.1. Market segmentation & scope
                  3.2. Penetration & growth prospect mapping
                  3.3. Value chain analysis
                  3.4. Raw material outlook
                  3.5. Regulatory framework
                  3.6. Market dynamics
                       3.6.1. Market driver analysis
                       3.6.2. Market restraint analysis
                  3.7. Porter's five forces analysis
                  3.8. PESTEL Analysis
Chapter 4. Craft Spirits Market: Distiller Size Estimates & Trend Analysis
                  4.1. Distiller size movement analysis & market share, 2016 & 2025
                  4.2. Large (Thousand Gallons, USD Million)
                       4.2.1. Market estimates and forecasts, 2014 - 2025
                       4.2.2. Market estimates and forecasts, by region, 2014 - 2025
                  4.3. Medium (Thousand Gallons, USD Million)
                       4.3.1. Market estimates and forecasts, 2014 - 2025
                       4.3.2. Market estimates and forecasts, by region, 2014 - 2025
                  4.4. Small (Thousand Gallons, USD Million)
                       4.4.1. Market estimates and forecasts, 2014 - 2025
                       4.4.2. Market estimates and forecasts, by region, 2014 - 2025
Chapter 5. Craft Spirits Market: Product Estimates & Trend Analysis
                  5.1. Product movement analysis & market share, 2016 & 2025
                  5.2. Whiskey (Thousand Gallons, USD Million)
                       5.2.1. Market estimates and forecasts, 2014 - 2025
                       5.2.2. Market estimates and forecasts, by region, 2014 - 2025
                  5.3. Vodka (Thousand Gallons, USD Million)
                       5.3.1. Market estimates and forecasts, 2014 - 2025
                       5.3.2. Market estimates and forecasts, by region, 2014 - 2025
                  5.4. Gin (Thousand Gallons, USD Million)
                       5.4.1. Market estimates and forecasts, 2014 - 2025
                       5.4.2. Market estimates and forecasts, by region, 2014 - 2025
                  5.5. Rum (Thousand Gallons, USD Million)
                       5.5.1. Market estimates and forecasts, 2014 - 2025
                       5.5.2. Market estimates and forecasts, by region, 2014 - 2025
                  5.6. Brandy (Thousand Gallons, USD Million)
                       5.6.1. Market estimates and forecasts, 2014 - 2025
                       5.6.2. Market estimates and forecasts, by region, 2014 - 2025
                  5.7. Liqueur (Thousand Gallons, USD Million)
                       5.7.1. Market estimates and forecasts, 2014 - 2025
                       5.7.2. Market estimates and forecasts, by region, 2014 - 2025
                  5.8. Others (Thousand Gallons, USD Million)
                       5.8.1. Market estimates and forecasts, 2014 - 2025
                       5.8.2. Market estimates and forecasts, by region, 2014 - 2025
Chapter 6. Craft Spirits Market: Regional Outlook
                  6.1. Region movement analysis & market share, 2016 & 2025
                  6.2. North America (Thousand Gallons, USD Million)
                       6.2.1. Market estimates and forecasts, 2014 - 2025
                       6.2.2. Market estimates and forecasts by distiller size, 2014 - 2025
                       6.2.3. Market estimates and forecasts by product 2014 - 2025
                       6.2.4. U.S. (Thousand Gallons, USD Million)
                            6.2.4.1. Market estimates and forecasts, 2014 - 2025
                            6.2.4.2. Market estimates and forecasts by distiller size, 2014 - 2025
                            6.2.4.3. Market estimates and forecasts by product 2014 - 2025
                  6.3. Europe (Thousand Gallons, USD Million)
                       6.3.1. Market estimates and forecasts, 2014 - 2025
                       6.3.2. Market estimates and forecasts by distiller size, 2014 - 2025
                       6.3.3. Market estimates and forecasts by product 2014 - 2025
                       6.3.4. UK (Thousand Gallons, USD Million)
                            6.3.4.1. Market estimates and forecasts, 2014 - 2025
                            6.3.4.2. Market estimates and forecasts by distiller size, 2014 - 2025
                            6.3.4.3. Market estimates and forecasts by product 2014 - 2025
                       6.3.5. Germany (Thousand Gallons, USD Million)
                            6.3.5.1. Market estimates and forecasts, 2014 - 2025
                            6.3.5.2. Market estimates and forecasts by distiller size, 2014 - 2025
                            6.3.5.3. Market estimates and forecasts by product 2014 - 2025
                  6.4. Asia Pacific (Thousand Gallons, USD Million)
                       6.4.1. Market estimates and forecasts, 2014 - 2025
                       6.4.2. Market estimates and forecasts by distiller size, 2014 - 2025
                       6.4.3. Market estimates and forecasts by product 2014 - 2025
                       6.4.4. China (Thousand Gallons, USD Million)
                            6.4.4.1. Market estimates and forecasts, 2014 - 2025
                            6.4.4.2. Market estimates and forecasts by distiller size, 2014 - 2025
                            6.4.4.3. Market estimates and forecasts by product 2014 - 2025
                       6.4.5. Japan (Thousand Gallons, USD Million)
                            6.4.5.1. Market estimates and forecasts, 2014 - 2025
                            6.4.5.2. Market estimates and forecasts by distiller size, 2014 - 2025
                            6.4.5.3. Market estimates and forecasts by product 2014 - 2025
                  6.5. Central & South America (Thousand Gallons, USD Million)
                       6.5.1. Market estimates and forecasts, 2014 - 2025
                       6.5.2. Market estimates and forecasts by distiller size, 2014 - 2025
                       6.5.3. Market estimates and forecasts by product 2014 - 2025
                       6.5.4. Brazil (Thousand Gallons, USD Million)
                            6.5.4.1. Market estimates and forecasts, 2014 - 2025
                            6.5.4.2. Market estimates and forecasts by distiller size, 2014 - 2025
                            6.5.4.3. Market estimates and forecasts by product 2014 - 2025
                  6.6. Middle East & Africa (Thousand Gallons, USD Million)
                       6.6.1. Market estimates and forecasts, 2014 - 2025
                       6.6.2. Market estimates and forecasts by distiller size, 2014 - 2025
                       6.6.3. Market estimates and forecasts by product 2014 - 2025
                       6.6.4. South Africa (Thousand Gallons, USD Million)
                            6.6.4.1. Market estimates and forecasts, 2014 - 2025
                            6.6.4.2. Market estimates and forecasts by distiller size, 2014 - 2025
                            6.6.4.3. Market estimates and forecasts by product 2014 - 2025
Chapter 7. Competitive Landscape
                  7.1. Vendor landscape
                  7.2. Competitive environment
                  7.3. Company market positioning
                  7.4. Strategy framework
Chapter 8. Company Profiles
                  8.1. Pernod Ricard
                       8.1.1. Company overview
                       8.1.2. Financial performance
                       8.1.3. Product benchmarking
                       8.1.4. Strategic initiatives
                  8.2. Diageo plc
                       8.2.1. Company overview
                       8.2.2. Financial performance
                       8.2.3. Product benchmarking
                       8.2.4. Strategic initiatives
                  8.3. Anchor Distilling Company
                       8.3.1. Company overview
                       8.3.2. Financial performance
                       8.3.3. Product benchmarking
                       8.3.4. Strategic initiatives
                  8.4. House Spirits Distillery
                       8.4.1. Company overview
                       8.4.2. Financial performance
                       8.4.3. Product benchmarking
                       8.4.4. Strategic initiatives
                  8.5. Tuthilltown Spirits
                       8.5.1. Company overview
                       8.5.2. Financial performance
                       8.5.3. Product benchmarking
                       8.5.4. Strategic initiatives
                  8.6. Woodinville Whiskey Co.,
                       8.6.1. Company overview
                       8.6.2. Financial performance
                       8.6.3. Product benchmarking
                       8.6.4. Strategic initiatives
                  8.7. Rémy Cointreau
                       8.7.1. Company overview
                       8.7.2. Financial performance
                       8.7.3. Product benchmarking
                       8.7.4. Strategic initiatives
                  8.8. Rogue Ales
                       8.8.1. Company overview
                       8.8.2. Financial performance
                       8.8.3. Product benchmarking
                       8.8.4. Strategic initiatives
                  8.9. William Grant & Sons
                       8.9.1. Company overview
                       8.9.2. Financial performance
                       8.9.3. Product benchmarking
                       8.9.4. Strategic initiatives
                  8.10. Constellation Brands, Inc.
                       8.10.1. Company overview
                       8.10.2. Financial performance
                       8.10.3. Product benchmarking
                       8.10.4. Strategic initiatives
                  8.11. Chase Distillery, Ltd.
                       8.11.1. Company overview
                       8.11.2. Financial performance
                       8.11.3. Product benchmarking
                       8.11.4. Strategic initiatives
                  8.12. Copper Fox Distillery
                       8.12.1. Company overview
                       8.12.2. Financial performance
                       8.12.3. Product benchmarking
                       8.12.4. Strategic initiatives

List of Tables

1. Raw materials for various craft spirits
2. Large distilleries market volume, 2014 - 2025 (Thousand Gallons)
3. Large distilleries market revenue, 2014 - 2025 (USD Million)
4. Medium distilleries market volume, 2014 - 2025 (Thousand Gallons)
5. Medium distilleries market revenue, 2014 - 2025 (USD Million)
6. Small distilleries market volume, 2014 - 2025 (Thousand Gallons)
7. Small distilleries market revenue, 2014 - 2025 (USD Million)
8. Craft whiskey market volume, 2014 - 2025 (Thousand Gallons)
9. Craft whiskey market revenue, 2014 - 2025 (USD Million)
10. Craft gin market volume, 2014 - 2025 (Thousand Gallons)
11. Craft gin market revenue, 2014 - 2025 (USD Million)
12. Craft vodka market volume, 2014 - 2025 (Thousand Gallons)
13. Craft vodka market revenue, 2014 - 2025 (USD Million)
14. Craft rum market volume, 2014 - 2025 (Thousand Gallons)
15. Craft rum market revenue, 2014 - 2025 (USD Million)
16. Craft brandy market volume, 2014 - 2025 (Thousand Gallons)
17. Craft brandy market revenue, 2014 - 2025 (USD Million)
18. Craft liqueur market volume, 2014 - 2025 (Thousand Gallons)
19. Craft liqueur market revenue, 2014 - 2025 (USD Million)
20. Other craft spirits market volume, 2014 - 2025 (Thousand Gallons)
21. Other craft spirits market revenue, 2014 - 2025 (USD Million)
22. North America craft spirits market estimates and forecasts, 2014 - 2025(Thousand Gallons) (USD Million)
23. North America craft spirits market volume, by distiller size, 2014 - 2025 (Thousand Gallons)
24. North America craft spirits market revenue, by distiller size, 2014 - 2025 (USD Million)
25. North America craft spirits market volume, by product, 2014 - 2025 (Thousand Gallons)
26. North America craft spirits market revenue, by product, 2014 - 2025 (USD Million)
27. U.S. craft spirits market estimates and forecasts, 2014 - 2025 (USD Million)
28. U.S. craft spirits market volume, by distiller size, 2014 - 2025 (Thousand Gallons)
29. U.S. craft spirits market revenue, by distiller size, 2014 - 2025 (USD Million)
30. U.S. craft spirits market volume, by product (Thousand Gallons)
31. U.S. craft spirits market revenue, by product (USD Million)
32. Europe craft spirits market estimates and forecasts, 2014 - 2025 (Thousand Gallons) (USD Million)
33. Europe craft spirits market volume, by distiller size, 2014 - 2025 (Thousand Gallons)
34. Europe craft spirits market revenue, by distiller size, 2014 - 2025 (USD Million)
35. Europe craft spirits market volume, by product, 2014 - 2025 (Thousand Gallons)
36. Europe craft spirits market revenue, by product, 2014 - 2025 (USD Million)
37. UK craft spirits market estimates and forecasts, 2014 - 2025 (USD Million)
38. UK craft spirits market volume, by distiller size, 2014 - 2025 (Thousand Gallons)
39. UK craft spirits market revenue, by distiller size, 2014 - 2025 (USD Million)
40. UK craft spirits market volume, by product (Thousand Gallons)
41. UK craft spirits market revenue, by product (USD Million)
42. Germany craft spirits market estimates and forecasts, 2014 - 2025 (USD Million)
43. Germany craft spirits market volume, by distiller size, 2014 - 2025 (Thousand Gallons)
44. Germany craft spirits market revenue, by distiller size, 2014 - 2025 (USD Million)
45. Germany craft spirits market volume, by product (Thousand Gallons)
46. Germany craft spirits market revenue, by product (USD Million)
47. Asia Pacific craft spirits market estimates and forecasts, 2014 - 2025 (Thousand Gallons) (USD Million)
48. Asia Pacific craft spirits market volume, by distiller size, 2014 - 2025 (Thousand Gallons)
49. Asia Pacific craft spirits market revenue, by distiller size, 2014 - 2025 (USD Million)
50. Asia Pacific craft spirits market volume, by product, 2014 - 2025 (Thousand Gallons)
51. Asia Pacific craft spirits market revenue, by product, 2014 - 2025 (USD Million)
52. China craft spirits market estimates and forecasts, 2014 - 2025 (USD Million)
53. China craft spirits market volume, by distiller size, 2014 - 2025 (Thousand Gallons)
54. China craft spirits market revenue, by distiller size, 2014 - 2025 (USD Million)
55. China craft spirits market volume, by product (Thousand Gallons)
56. China craft spirits market revenue, by product (USD Million)
57. Japan craft spirits market estimates and forecasts, 2014 - 2025 (USD Million)
58. Japan craft spirits market volume, by distiller size, 2014 - 2025 (Thousand Gallons)
59. Japan craft spirits market revenue, by distiller size, 2014 - 2025 (USD Million)
60. Japan craft spirits market volume, by product (Thousand Gallons)
61. Japan craft spirits market revenue, by product (USD Million)
62. Central & South America craft spirits market estimates and forecasts, 2014 - 2025 (Thousand Gallons) (USD Million)
63. Central & South America craft spirits market volume, by distiller size, 2014 - 2025 (Thousand Gallons)
64. Central & South America craft spirits market revenue, by distiller size, 2014 - 2025 (USD Million)
65. Central & South America craft spirits market volume, by product, 2014 - 2025 (Thousand Gallons)
66. Central & South America craft spirits market revenue, by product, 2014 - 2025 (USD Million)
67. Brazil craft spirits market estimates and forecasts, 2014 - 2025 (USD Million)
68. Brazil craft spirits market volume, by distiller size, 2014 - 2025 (Thousand Gallons)
69. Brazil craft spirits market revenue, by distiller size, 2014 - 2025 (USD Million)
70. Brazil craft spirits market volume, by product (Thousand Gallons)
71. Brazil craft spirits market revenue, by product (USD Million)
72. Middle East & Africa craft spirits market estimates and forecasts, 2014 - 2025 (Thousand Gallons) (USD Million)
73. Middle East & Africa craft spirits market volume, by distiller size, 2014 - 2025 (Thousand Gallons)
74. Middle East & Africa craft spirits market revenue, by distiller size, 2014 - 2025 (USD Million)
75. Middle East & Africa craft spirits market volume, by product, 2014 - 2025 (Thousand Gallons)
76. Middle East & Africa craft spirits market revenue, by product, 2014 - 2025 (USD Million)
77. South Africa craft spirits market estimates and forecasts, 2014 - 2025 (USD Million)
78. South Africa craft spirits market volume, by distiller size, 2014 - 2025 (Thousand Gallons)
79. South Africa craft spirits market revenue, by distiller size, 2014 - 2025 (USD Million)
80. South Africa craft spirits market volume, by product (Thousand Gallons)
81. South Africa craft spirits market revenue, by product (USD Million)