Global craft spirits market is anticipated to grow at a considerable CAGR of 8.6% during the forecast period (2024-2031).The increasing consumer demand for unique and authentic products is a key factor driving the global craft spirits market. Therefore, to offer consumers a distinctive and often artisanal alternative to mass-produced beverages, appealing to those seeking high-quality and locally sourced options key player are adopting different growth strategies such as production facility expansion and mergers & acquisitions among others to sustain in the global market.
Browse the full report description of “Craft Spirits Market Size, Share & Trends Analysis Report by Product Type (Whiskey, Vodka, Gin, Rum, Brandy and Liqueur) and by Distribution Channel (On-Trade Channel and Off-Trade Channel)Forecast Period (2024-2031)” at https://www.omrglobal.com/industry-reports/craft-spirits-market
For instance, in March 2022, Diageo plc introduced its latest manufacturing complex, featuring two advanced high-speed can lines capable of producing over 25 million cases of malt-based beverages and spirits-based Ready-to-Drink (RTD) cocktails. This significant investment enhances Diageo's production capacity, further solidifying its position as a leading provider of premium beverages globally.
Additionally, in February 2022, Heaven Hill Distilleries Inc., a renowned family-owned and operated distillery headquartered in the United States, completed the acquisition of Samson & Surrey, a producer of spirits and alcohol. Although the financial terms were undisclosed, the acquisition is anticipated to bolster Heaven Hill's portfolio with a robust lineup of brands, strengthening its presence in the premium and super-premium craft spirits market. This strategic move underscores Heaven Hill's commitment to expanding its offerings and enhancing its competitive position within the spirits industry.
Market Coverage
• The market number available for – 2023-2031
• Base year- 2023
• Forecast period- 2024-2031
• Segment Covered-
o By Product Type
o By Distribution Channel
• Regions Covered-
o North America
o Europe
o Asia-Pacific
o Rest of the World
• Competitive Landscape- includesSuntory Holdings Ltd., Diageo, Pernod Ricard, Constellation Brands, Campari Group andothers.
Key questions addressed by the report.
Global Craft Spirits Market Report Segment
By Product Type
By Distribution Channel
Global Craft Spirits Market Report Segment by Region
North America
• United States
• Canada
Europe
• UK
• Germany
• Italy
• Spain
• France
• Rest of Europe
Asia-Pacific
• China
• India
• Japan
• South Korea
• Rest of Asia-Pacific
Rest of the World
• Latin America
• Middle East & Africa
To learn more about this report request a sample copy @ https://www.omrglobal.com/request-sample/craft-spirits-market