Global Gin Market - By Product Type: London Dry Gin, Plymouth Gin, Old Tom Gin, Genever, Compound Gin, Flavored & Infused Gin; By Alcohol Content: Standard Gin (37.5% - 40% ABV), High-Proof Gin (Above 45% ABV), Low-Alcohol & Non-Alcoholic Gin (Below 10% ABV or 0%); By Price Range: Economy Gin, Premium Gin, Super-Premium & Luxury Gin; By Distribution Channel: Off-Trade Sales, Online Retailers; By End-User: Individual Consumers, Commercial Establishments; By Region: North America, Europe, Asia-Pacific, Latin America, Middle East & Africa
Global Gin Market Research Document
Market Overview The global gin market has experienced significant growth over the past decade, driven by shifting consumer preferences, increasing demand for premium and craft spirits, and expanding cocktail culture worldwide. Gin, a versatile and botanically infused spirit, has gained immense popularity among millennials and high-end consumers. With an increasing number of distilleries experimenting with unique flavors, the market has expanded its offerings beyond traditional London Dry Gin to include contemporary styles such as Old Tom, Genever, and flavored gins.
Market Size & Growth Projections In 2019, the global gin market was valued at approximately USD 14.3 billion. By 2023, it had grown to USD 18.7 billion, and it is projected to reach USD 31.4 billion by 2031, exhibiting a CAGR of 6.5% from 2024 to 2031. The expansion is largely driven by consumer demand for premiumization and organic spirits, alongside increasing accessibility through e-commerce and specialty liquor stores.
Key Growth Drivers
Challenges & Restraints
Competitive Landscape & Key Players The global gin market is characterized by the dominance of well-established brands, as well as emerging craft distilleries. Key players include:
Regional Market Insights
Future Outlook The gin market is set to grow substantially, with innovation in botanical blends, sustainable packaging, and premiumization driving consumer interest. Brands that adapt to shifting consumer demands, particularly in sustainability and health-conscious drinking trends, are expected to outperform the competition. The growing influence of mixology and at-home cocktail culture will continue to propel gin sales globally.
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