Albany, NY -- (SBWIRE) -- 09/04/2017 -- 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.
The global craft spirits market to grow at a CAGR of 26.91% during the period 2017-2021. 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
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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.
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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
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?
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