Who are the key players in Europe Craft Spirits Market?

Pernod Ricard , Diageo PLC , Suntory Holdings Limited , Bacardi Limited and Rémy Cointreau are the major companies operating in the Europe Craft Spirits Market. Read More

What years does this Europe Craft Spirits Market cover, and what was the market size in 2023?

In 2023, the Europe Craft Spirits Market size was estimated at USD 3.40 billion. The report covers the Europe Craft Spirits Market historical market size for years: 2019, 2020, 2021, 2022 and 2023. The report also forecasts the Europe Craft Spirits Market size for years: 2024, 2025, 2026, 2027, 2028 and 2029. Read More

Europe Craft Spirits Market Size

Market Size of Europe Craft Spirits Industry

Study Period	2019 - 2029
Base Year For Estimation	2023
Market Size (2024)	USD 3.83 Billion
Market Size (2029)	USD 6.95 Billion
CAGR (2024 - 2029)	12.66 %
Market Concentration	Low
Major Players *Disclaimer: Major Players sorted in no particular order

Europe Craft Spirits Market Analysis

The Europe Craft Spirits Market size is estimated at USD 3.83 billion in 2024, and is expected to reach USD 6.95 billion by 2029, growing at a CAGR of 12.66% during the forecast period (2024-2029).

The demand for ethnic premium, super-premium spirits, and flavored spirits, which include craft and artisanal varieties, increased among European consumers. This fuelled the growth of the craft spirits market in the past couple of years. The craft spirits boom has flooded the market with thousands of new brands that have successfully carved out a niche for themselves by leveraging package designs that promise quality through evocative design and hand-crafted sensibilities. An increasing number of European consumers are looking for new, more exciting offerings compared to their usual spirit options, thus pushing up revenue generation in the craft spirits market.

The craft spirits movement, with its independent creative inventions manufactured using traditional methods, emerged out of the pioneering culture of wine and its tight link with connoisseurship, paired with customers who want to know what they are drinking. With the introduction of a new class of craft spirits that comprises whiskey, gin, vodka, rum, and a lengthy list of liqueurs, the spirits industry is now anticipated to go through the same metamorphosis. Due to certain market segments, such as millennials interested in alcoholic beverages, who demand new flavors and to stay current with and be well informed about the ingredients and intricate traditional production methods of these formulas, certain propositions are gaining ground and have become popular.

Europe Craft Spirits Industry Segmentation

Craft spirits are made by hand and typically come from small-scale distilleries that frequently use materials and ingredients that are found locally.

Europe's Craft Spirits Market is Segmented by Type (Whiskey, Gin, Vodka, Brandy, Rum, and Other Types), Distribution Channel (On-trade Channels and Off-trade Channels), and Geography (Germany, United Kingdom, France, Russia, Spain, Italy, and Rest of Europe). The report offers market size and values in (USD Million) during the forecast years for the above segments.

Type
		Whiskey
		Gin
		Vodka
		Brandy
		Rum
		Other Types

Distribution Channel
		On-trade Channels
		Off-trade Channels

Geography
		Germany
		United Kingdom
		France
		Russia
		Spain
		Italy
		Rest of Europe

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Europe Craft Spirits Market Size Summary

The Europe Craft Spirits industry is experiencing significant growth, driven by a rising demand for ethnic premium, super-premium, and flavored spirits, including craft and artisanal varieties. This trend has led to the emergence of numerous new brands that have successfully established a niche market by emphasizing quality through innovative packaging and hand-crafted appeal. European consumers, particularly millennials, are increasingly seeking novel and exciting spirit options, which has contributed to the market's expansion. The craft spirits movement, rooted in traditional production methods and a culture of connoisseurship, is transforming the spirits industry, with a diverse range of products such as whiskey, gin, vodka, rum, and liqueurs gaining popularity. The ongoing premiumization of spirits and the commercialization of micro-distilleries are key factors propelling market growth, as consumers gravitate towards higher quality and more flavorful options.

The competitive landscape of the European craft spirits market is characterized by a dynamic market positioning, with numerous independent distilleries and new brands regularly entering the market. Major players like Pernod Ricard, Diageo PLC, Suntory Holdings Limited, Bacardi Limited, and R√©my Cointreau are actively engaging in product launches and acquisitions to expand their presence. The market is further bolstered by the strategic efforts of regional and international players to cater to the growing demand for craft spirits. The focus on quality ingredients, authenticity, and transparency in production has prompted multinational producers to adapt their marketing strategies accordingly. As the market continues to evolve, the craft spirits industry in Europe is poised for further growth, with increasing consumer interest in unique and artisanal offerings.

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Europe Craft Spirits Market Size - Table of Contents

1. MARKET DYNAMICS
1. 1.1 Market Drivers
2. 1.2 Market Restraints
3. 1.3 Porter's Five Forces Analysis
  1. 1.3.1 Threat of New Entrants
  2. 1.3.2 Bargaining Power of Buyers/Consumers
  3. 1.3.3 Bargaining Power of Suppliers
  4. 1.3.4 Threat of Substitute Products
  5. 1.3.5 Intensity of Competitive Rivalry
2. MARKET SEGMENTATION
1. 2.1 Type
  1. 2.1.1 Whiskey
  2. 2.1.2 Gin
  3. 2.1.3 Vodka
  4. 2.1.4 Brandy
  5. 2.1.5 Rum
  6. 2.1.6 Other Types
2. 2.2 Distribution Channel
  1. 2.2.1 On-trade Channels
  2. 2.2.2 Off-trade Channels
3. 2.3 Geography
  1. 2.3.1 Germany
  2. 2.3.2 United Kingdom
  3. 2.3.3 France
  4. 2.3.4 Russia
  5. 2.3.5 Spain
  6. 2.3.6 Italy
  7. 2.3.7 Rest of Europe