Canada Craft Spirits Market Size & Outlook, 2023-2030
Canada craft spirits market, 2017-2030 (US$M)
Related Markets
Canada craft spirits market highlights
- The Canada craft spirits market generated a revenue of USD 2,343.0 million in 2023 and is expected to reach USD 14,616.0 million by 2030.
- The Canada market is expected to grow at a CAGR of 29.9% from 2024 to 2030.
- In terms of segment, whiskey was the largest revenue generating product in 2023.
- Gin is the most lucrative product segment registering the fastest growth during the forecast period.
Craft spirits market data book summary
| Market revenue in 2023 | USD 2,343.0 million |
| Market revenue in 2030 | USD 14,616.0 million |
| Growth rate | 29.9% (CAGR from 2023 to 2030) |
| Largest segment | Whiskey |
| Fastest growing segment | Gin |
| Historical data | 2017 - 2022 |
| Base year | 2023 |
| Forecast period | 2024 - 2030 |
| Quantitative units | Revenue in USD million |
| Market segmentation | Whiskey, Vodka, Gin, Rum, Brandy, Liquer |
| Key market players worldwide | Diageo PLC, Pernod Ricard SA, Constellation Brands Inc Class A, Suntory Beverage & Food Ltd, Bacardi, Heaven Hill Distilleries, Campari Group, Sazerac Company, Highwood Distillers, Rogue Ales |
Other key industry trends
- In terms of revenue, Canada accounted for 11.1% of the global craft spirits market in 2023.
- Country-wise, U.S. is expected to lead the global market in terms of revenue in 2030.
- In North America, U.S. craft spirits market is projected to lead the regional market in terms of revenue in 2030.
- Canada is the fastest growing regional market in North America and is projected to reach USD 14,616.0 million by 2030.
Whiskey was the largest segment with a revenue share of 44.93% in 2023. Horizon Databook has segmented the Canada craft spirits market based on whiskey, vodka, gin, rum, brandy, liquer covering the revenue growth of each sub-segment from 2017 to 2030.
Authors Davin de Kergommeaux and Blair Phillips in their book The Definitive Guide to Canadian Distilleries, published in 2020, have mentioned the growth of craft spirits in Canada. They have listed 253 craft spirit distilleries in the book and elaborate on how craft distilling is booming in Canada.
According to Statistics Canada, liquor authorities sold the equivalent of 9.7 standard alcoholic beverages a week per Canadian of legal drinking age in the period April 1, 2020 - March 31, 2021, totaling 3,180 million liters. Sales were up 2.1% as compared to the previous year.
Furthermore, Canadians of legal drinking age purchased the equivalent of 2.6 shots of spirits every week during that duration. Sales of spirits grew 5.7% to 191.7 million liters by volume. Gin also experienced the most growth during the last decade. Quebec reported the highest volume of sales of gin, followed by Ontario.
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Craft Spirits Market Scope
Craft Spirits Market Companies
| Name | Profile | # Employees | HQ | Website |
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Canada craft spirits market size, by product, 2017-2030 (US$M)
Canada Craft Spirits Market Outlook Share, 2023 & 2030 (US$M)
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