Craft Spirits Market Size Predicted to Increase at a Positive CAGR | Pernod Ricard, Remy Cointreau, Diageo Plc

The ' Craft Spirits market' research report added by Report Ocean, is an in-depth analysis of the latest developments, market size, status, upcoming technologies, industry drivers, challenges, regulatory policies, with key company profiles and strategies of players. The research study provides market overview, Craft Spirits market definition, regional market opportunity, sales and revenue by region, manufacturing cost analysis, Industrial Chain, market effect factors analysis, Craft Spirits market size forecast, market data&Graphs and Statistics, Tables, Bar &Pie Charts, and many more for business intelligence.

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Global Craft Spirits Market is valued at approximately USD XX billion in 2021 and is anticipated to grow with a healthy growth rate of more than XX % over the forecast period 2022-2028. Craft spirits are handcrafted beverages that are produced using locally sourced materials and ingredients. Craft spirits are distilled in small quantities, and some of the famous forms of craft spirits are gin, vodka, and rum. Growing popularity of alcohol among millennials is majorly growing craft spirit market. Such as, alcoholic beverage consumption in India in 2020 was 4.86 billion liters which surged to 5.34 billion liters in 2021 and is expected to reach 6.21 billion liters by 2024. Additionally, strategic initiatives taken by market players to cater to the growing demand are also acting as a driving factor for the market. In December 2021, United Spirits Limited launched Diageo's limited edition Epitome Reserve in India. This edition was a peated single malt, with just 3,600 numbered bottles. Furthermore, introduction of new flavors, rising number of craft distillers around the world, and growing alcohol consumption in pubs and restaurants are anticipated to fuel growth in the market. According to the Institute of Alcohol Studies, in 2019, 28% of alcohol sold in Great Britain was bought and drunk in pubs, clubs, cafes, and restaurants. However, health issues due to higher consumption and stringent government regulations are expected to hamper growth in the coming years.

The key regions considered for the Global Craft Spirits Market study include Asia Pacific, North America, Europe, Latin America, and Rest of the World. North America is leading the global market in terms of revenue, owing to frequent product launches coupled with rising number of craft distilleries in the region. Whereas, Asia Pacific is anticipated to grow at the fastest pace during forecast period, due to rising popularity among millennials and growing income level in countries such as India and China.

Major market players included in this report are:

Pernod Ricard

Remy Cointreau

Diageo Plc

William Grant & Sons Ltd.

Rogue Ales

Copper Fox Distillery

Dark Corner Distillery

F.E.E Spirits

Tito's Handmade Vodka

Asheville Distilling Company

The objective of the study is to define market sizes of different segments & countries in recent years and to forecast the values to the coming eight years. The report is designed to incorporate both qualitative and quantitative aspects of the industry within each of the regions and countries involved in the study. Furthermore, the report also caters the detailed information about the crucial aspects such as driving factors & challenges which will define the future growth of the market. Additionally, the report shall also incorporate available opportunities in micro markets for stakeholders to invest along with the detailed analysis of competitive landscape and product offerings of key players. The detailed segments and sub-segment of the market are explained below:

By Type:

Whiskey

Gin

Vodka

Brandy

Rum

Other Types

By Distribution Channel:

On-trade Channels

Off-trade Channels

Geographical Breakdown: Regional level analysis of the market, currently covering North America, Europe, China & Japan

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Changing Forecasts in a Time of Crisis: explores key issues, including:
• Future changes in consumer behavior
• High-frequency economic data
• Mapping Out a Potential Recovery
• Business Strategies During COVID-19
• Near & Long Term Risk Outlook, Risk Assessment and Opportunities
Key questions answered: The Study Explore COVID 19 Outbreak Impact Analysis
• Market size and growth rate during forecast period.
• Key factors driving the Market.
• Key market trends cracking up the growth of the Market.
• Challenges to market growth.
• Key vendors of Market.
• Detailed SWOT analysis.
• Opportunities and threats faces by the existing vendors in Global Market.
• Trending factors influencing the market in the geographical regions.
• Strategic initiatives focusing the leading vendors.
• PEST analysis of the market in the five major regions.
• What should be entry strategies, countermeasures to economic impact, and marketing channels?
• What are market dynamics?
• What are challenges and opportunities?
• What is economic impact on market?
• What is market chain analysis by upstream raw materials and downstream industry?
• What is industry considering capacity, production and production value? What will be the estimation of cost and profit? What will be market share, supply and consumption? What about import and export?
• What is current market status? What's market competition in this industry, both company, and country wise? What's market analysis by taking applications and types in consideration?
• What were capacity, production value, cost and profit?
• Who are the global key players in this industry? What are their company profile, their product information, and contact information?
• Which manufacturing technology is used, what are their company profile, their product information, and contact information?

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Key Points Covered in Craft Spirits Market Report:

Global Craft Spirits Market Research Report
Section 1: Global Craft Spirits Industry Overview
Section 2: Global Economic Impact on Craft Spirits Industry
Section 3: Global Market Competition by Industry Producers
Section 4: Global Productions, Revenue (Value), according to Regions
Section 5: Global Supplies (Production), Consumption, Export, Import, geographically
Section 6: Global Productions, Revenue (Value), Price Trend, Product Type
Section 7: Global Market Analysis, on the basis of Application
Section 8: Craft Spirits Market Pricing Analysis
Section 9: Market Chain, Sourcing Strategy, and Downstream Buyers
Section 10: Strategies and key policies by Distributors/Suppliers/Traders
Section 11: Key Marketing Strategy Analysis, by Market Vendors
Section 12: Market Effect Factors Analysis
Section 13: Global Craft Spirits Market Forecast

Continued….
……..and view more in complete table of Contents

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