Press release
Global Craft Spirits Market to grow at a CAGR of 26.91% by 2021
About Craft Spirits
Craft spirts are the products of an independently-owned distillery with maximum annual sales of 52,000 cases, where the products are physically distilled and bottled on-site. Consumers perceive craft spirits to be of a higher quality than mainstream spirits brands. The demand for craft spirits is increasing, and the craft spirit segment is expected to have a significant impact on the overall alcohol sales globally during the forecast period.
Technavios analysts forecast the global craft spirits market to grow at a CAGR of 26.91% during the period 2017-2021.
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Covered in this report
The report covers the present scenario and the growth prospects of the global craft spirits market for 2017-2021. To calculate the market size, the report considers the sale of craft spirit products to individual consumers.
The market is divided into the following segments based on geography:
Americas
APAC
EMEA
Technavio's report, Global Craft Spirits Market 2017-2021, has been prepared based on an in-depth market analysis with inputs from industry experts. The report covers the market landscape and its growth prospects over the coming years. The report also includes a discussion of the key vendors operating in this market.
Key vendors
Bacardi
Beam Suntory
Constellation Brands
Distell
Pernod Ricard
Other prominent vendors
Asheville Distilling Company
Balcones Distilling
Chase Distillery
East London Liquor Company
Eden Mill: St Andrews Brewers
Masons Yorkshire Gin
Sibling Distillery
The Lakes Distillery
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Market driver
New product launches
For a full, detailed list, view our report
Market challenge
Fluctuating prices of raw materials
For a full, detailed list, view our report
Market trend
Consolidation of craft spirits industry
For a full, detailed list, view our report
Key questions answered in this report
What will the market size be in 2021 and what will the growth rate be?
What are the key market trends?
What is driving this market?
What are the challenges to market growth?
Who are the key vendors in this market space?
You can request one free hour of our analysts time when you purchase this market report. Details are provided within the report.
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