Global Craft Vodka Market Size study & Forecast, by type (flavored craft vodka and unflavored craft vodka); by distribution channel (On-trade channels and Off-trade channels) and Regional Analysis, 2022-2029

Global Craft Vodka Market Size study & Forecast, by type (flavored craft vodka and unflavored craft vodka); by distribution channel (On-trade channels and Off-trade channels) and Regional Analysis, 2022-2029

The global Craft Vodka Market is valued at approximately USD XX billion in 2021 and is anticipated to grow with a healthy growth rate of more than XX % over the forecast period 2022-2029. Craft Vodka are made in breweries in small batches which requires extra attention to the quality of ingredients during the procedure. It has a distinctive taste as compared to the regular vodka. These are getting more popular owing to their unique taste. The Craft Vodka market is expanding because of factors such as the rising demand for alcoholic drinks and changing lifestyle with growing disposable income.

According to the Statista in 2021, the alcoholic drinks market amounts to attain revenue of around USD 1,688.0 billion. Also, it is projected to grow annually with 8.20%. Additionally in India the alcoholic consumption in 2020 was around five billion liters which is estimated to reach around 6.21 billion liters by 2024. Whereas the rising number of product launches and growing number of distilleries across the globe create lucrative opportunities for the market. However, stringent government regulations hamper the market growth throughout the forecast period of 2022-2029.

The key regions considered for the Global Craft Vodka Market study include Asia Pacific, North America, Europe, Latin America, and the Rest of the World. North America dominated the market in terms of revenue, owing to the increasing demand for craft spirits, and the rising number of distilleries. Also, North America is expected to grow significantly during the forecast period, owing to factors such as increasing demand for ethnic premium, super premium vodkas and flavored vodkas.


Major market players included in this report are:
Sazerac Company
Beam Suntory Inc.
William Grant & Sons Limited
Fifth Generation, Inc.- Tito's Handmade Vodka
Diageo plc-The Smirnoff Co.
Heaven Hill Brands
St. George Spirits
Hanson Spirits LLC
Charbay Distillery
Woody Creek Distillers


Recent Developments in the Market:
 In April 2019, Hanson of Sonoma, an all organic grape based vodka distillery launched a new Meyer Lemon infused vodka . Also, Hanson has opened a new tasting room in Sausalito. It offers handcrafted cocktails made woth Hanson of Sonoma vodka offering in various flavors such as ginger , cucumber and so on
Global Craft Vodka Market Report Scope:
Historical Data 2019-2020-2021
Base Year for Estimation 2021
Forecast period 2022-2029
Report Coverage Revenue forecast, Company Ranking, Competitive Landscape, Growth factors, and Trends
Segments Covered Type, Distribution Channel Region
Regional Scope North America; Europe; Asia Pacific; Latin America; Rest of the World
Customization Scope Free report customization (equivalent up to 8 analyst’s working hours) with purchase. Addition or alteration to country, regional & segment scope*

The objective of the study is to define market sizes of different segments & countries in recent years and to forecast the values to the coming years. The report is designed to incorporate both qualitative and quantitative aspects of the industry within countries involved in the study.

The report also caters detailed information about the crucial aspects such as driving factors & challenges which will define the future growth of the market. Additionally, it also incorporates potential opportunities in micro markets for stakeholders to invest along with the detailed analysis of competitive landscape and product offerings of key players. The detailed segments and sub-segment of the market are explained below:

By Type:
Flavored Craft Vodka
Unflavored Craft Vodka

By Distribution Channel:
On trade Channels
Off trade Channels

By Region:
North America
U.S.
Canada
Europe
UK
Germany
France
Spain
Italy
ROE
Asia Pacific
China
India
Japan
Australia
South Korea
RoAPAC
Latin America
Brazil
Mexico
Rest of the World


Companies Mentioned
Sazerac Company
Beam Suntory Inc.
William Grant & Sons Limited
Fifth Generation, Inc.- Tito's Handmade Vodka
Diageo plc-The Smirnoff Co.
Heaven Hill Brands
St. George Spirits
Hanson Spirits LLC
Charbay Distillery
Woody Creek Distillers

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