Craft Vodka Market Size, Competitive Landscape and Market Forecast - 2030

Market Overview:
Craft Vodka Market is expected to grow at a CAGR of 7% during the forecasting period (2023-2030).
Vodka is a clear distilled alcoholic beverage that originates from Poland and Russia. It is composed primarily of water and ethanol, but sometimes with traces of impurities and flavorings. Traditionally it is made by distilling the liquid from cereal grains or potatoes that have been fermented, though some modern brands use fruits or sugar as the base.
Craft Vodka may be distilled from any starch- or sugar-rich plant matter; most vodka today is produced from grains such as sorghum, corn, rye, or wheat. Among grain vodkas, rye and wheat vodkas are generally considered superior. Some vodkas are made from potatoes, molasses, soybeans, grapes, rice, sugar beets, and sometimes even byproducts of oil refining or wood pulp processing.

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Market Dynamics
1. Craft Vodka Market is primarily driven due to the rising number of craft distilleries worldwide.
2. The rise in the number of craft distilleries worldwide, especially in the US and the UK, has led to the increasing availability of craft vodka globally, which is driving the growth of the global craft vodka market.
3. Market players are developing innovative products using a wide variety of ingredients to cater to changing consumer preferences.

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Market Segmentation:
• By Distiller type
o Large craft distiller*
o Medium craft distiller
o Small craft distiller
• By Product Type
o Flavored Craft Vodka*
o Unflavored Craft Vodka

Company Profiles:
1. The Absolut Company
2. HEAVEN HILL BRANDS
3. ST. GEORGE SPIRITS
4. SUNTORY HOLDINGS LIMITED
5. TITO'S HANDMADE VODKA
6. William Grant & Sons Ltd.
7. Ethical Wine & Spirits (FAIR)
8. Phillips Distilling Company
9. 21ST CENTURY SPIRITS, LLC
10. Zodiac Spirits, LLC.

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